Tradeweb adds Kalshi prediction market data for institutional clients

Tradeweb Markets Inc. (Nasdaq: TW) has launched a dedicated Kalshi pricing page on its platform, giving U.S. institutional clients access to event contract data from the prediction market exchange.

The new page allows clients to monitor real-time market-implied probabilities across political, economic, financial and global events within their existing workflows. Users can also build customized watchlists and track market expectations alongside Tradeweb's existing data and analytics tools.

The launch represents the first phase of a previously announced strategic partnership between Tradeweb and Kalshi. Tradeweb is also a minority investor in Kalshi.

Kalshi's American Power Index (KPOW), described as a real-time, market-implied gauge of U.S. political and policy risk, is set to be added to the pricing page in July. The index combines market-implied probabilities related to the presidency, the House and the Senate into a single signal intended to reflect macro and event risk.

Troy Dixon, Managing Director and Co-Head of Global Markets at 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."

Andy Ross, Head of Institutional at Kalshi, said: "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."

The two companies said they plan to co-develop institutional-grade analytics using Kalshi's event probabilities alongside Tradeweb's pricing, liquidity and macro-intelligence data. They are also exploring the development of an institutional-focused platform for event contracts.

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