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Tradeweb Markets Inc. has launched a dedicated Kalshi pricing page on its platform, giving U.S. institutional clients access to real-time event contract data within their existing trading workflows.
The launch marks the first phase of a previously announced strategic partnership between the two companies. Tradeweb is also a minority investor in Kalshi.
The new pricing page allows clients to monitor real-time market-implied probabilities across political, economic, financial and global events directly within their existing workflows. Users can build customised watchlists and monitor market expectations alongside Tradeweb's existing data, analytics and execution capabilities.
The page will also incorporate Kalshi's American Power Index (KPOW) in July, a real-time, market-implied gauge of U.S. political and policy risk. KPOW distils a range of shifting market-implied probabilities across the presidency, the House and the Senate into a single, continuously updated signal of macro and event risk that can move rates, credit and equity markets.
Troy Dixon, Managing Director, Co-Head of Global Markets, Tradeweb said:
"As prediction markets mature, they've become a real-time gauge of how investors price risk across the global economy. Our clients want access to that signal within the workflows they already use. Integrating Kalshi's data into Tradeweb places it alongside the data, analytics and execution tools clients rely on every day to manage and transfer risk."
Andy Ross, Head of Institutional, Kalshi commented:
"Investors want to trade on real events, not proxies. Integrating prediction market data into one of the world's leading regulated, multi-asset institutional trading platforms is an important step toward more accurately pricing the future."
Tradeweb and Kalshi are continuing to explore adding capabilities as part of their broader partnership, including expanding access to prediction market data and integrating those insights more deeply into the Tradeweb platform. The companies plan to co-develop new institutional-grade analytics using both Kalshi's event probabilities and Tradeweb's existing pricing, liquidity and macro-intelligence datasets. These analytics will allow institutional participants to analyse market signals including new forecasting, risk management and pricing models and incorporate them into trading strategies.
The two firms are also exploring the possibility of an institutional-focused platform for event contracts, combining Tradeweb's role in macro risk trading and expertise in market design with Kalshi's depth across macroeconomic and policy outcomes.
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