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Elwood US has announced that its platform is launching connectivity to Kalshi, the CFTC-regulated prediction market, in the United States.
Through the integration, mutual clients will be able to manage event contracts, accessed through their own membership, using the same compliance layer, pre-trade controls, order management, position management, risk analytics and reconciliation that they already use across their portfolios.
Event contracts became a supported instrument type at CFTC-regulated venues following Commission approval, and a growing number of institutional desks now hold direct access through their own brokerage and clearing relationships. What has been missing is operational: the execution tooling, 24/7 risk monitoring and post-trade infrastructure that institutional desks run on. Venue-native portals were not built for that operating model.
The Elwood platform will close that gap by supporting event contracts across the full trade lifecycle: pre-trade controls in front of the order, connectivity to Kalshi for institutional clients through their own memberships, and risk, reconciliation and reporting once the position is on. It is the same platform Elwood's institutional clients already use for digital assets and traditional books, and will be available for regulated funds, multi-strategy pods and market makers whose operating models call for that infrastructure.
The integration will also extend the range of instrument types Elwood can support in the United States, with platform connectivity across multiple venues including digital asset exchanges, institutional liquidity providers, and CME via FCM channels including Ripple Prime and Marex. With Kalshi, Elwood's platform will support prediction market event contracts, in addition to existing crypto, tokenised derivatives and equities instrument types on a single platform.
John Krowas, US Head of Product, Elwood US
John Krowas, US Head of Product, Elwood US said:
"Institutional desks told us they wanted prediction market event contracts to sit inside the operating model they already run, rather than in a separate portal. The Elwood platform's execution and portfolio management modules will support event contracts on the same data architecture our clients use for digital assets and traditional books, with clients connecting to Kalshi through their own accounts."
Andy Ross, Head of Institutional, Kalshi commented:
"Institutional capital needs institutional rails. Elwood provides these foundations, helping institutions connect seamlessly to Kalshi and trade our markets the way they trade every other instrument."
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