Trading technology provider Talos is set to integrate with Kalshi, marking a step forward in bridging the gap between institutional and prediction markets.
Anton Katz
Through the collaboration, Talos institutional clients will be able to trade Kalshi’s event contracts and crypto perpetuals without the need for any separate integration.
The offering makes use of Talos’ current interface used for digital assets trading, while Kalshi’s regulated clearing structure aims to support clients by providing a similar framework as traditional options and futures markets.
“Kalshi has established a regulated structure to unlock US institutional participation in perpetuals and prediction markets,” said Anton Katz, chief executive and co-founder of Talos.
“Trading is moving to 24/7, prediction use cases are growing rapidly, and every asset class is migrating to digital rails. We believe these trends will fundamentally change how risk is priced, hedged and settled across the market, and Talos is building for that future.”
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Specifically, Talos will launch two major capabilities as part of the integration, extending its current algorithmic trading suite, spanning Iceberg, Pegged, Sniper, TWAP and POV to spread trading, allowing clients to construct perp-to-perp and perp-to-spot spreads in a single order.
Moreover, Talos’ request-for-quote (RFQ) platform will also incorporate a block trading interface, designed to enable trading of large size off-exchange.
Further developments are also expected in the future, and Talos is set to expand its dealer software solution later in 2026, as part of an effort to allow brokers and trading platforms to offer Kalshi event contracts to their own end customers.
Plans are also underway to launch a harmonised market data feed across prediction markets venues, with the aim of unifying events, trades, order books, open interest and implied probabilities under a single umbrella scheme.
“As institutional interest in prediction markets accelerates, Kalshi’s regulatory standing as a CFTC-regulated exchange makes it a natural venue for that demand,” said Andy Ross, head of institutional at Kalshi.
“Working with Talos gives our institutional buy-side and sell-side participants a path to Kalshi that fits inside the infrastructure they already run.”
Hype around prediction markets has been on the up over the past few months, and last week, US-based event contract market Rothera announced that it had launched its institutional-grade events contract exchange and clearing platform, supporting by Adaptive Technology.
The venue went live after just five months to coincide with The World Cup, and is approaching a 10% share of US event contract market volume, with $3 billion contracts traded during the first two months of operations.