Wall Street Gains Access to Prediction Market Bets

Prime brokers enable hedge funds and traders to trade on Kalshi's event betting platform

Mar. 11, 2026 at 11:04pm

Got story updates? Submit your updates here. ›

Prime brokers, including Clear Street and Marex Group, are moving to give their hedge fund and institutional investor clients access to Kalshi Inc.'s event betting platform. This signals a growing push to open the nascent prediction market industry to Wall Street players.

Why it matters

The ability for Wall Street firms to trade on prediction market platforms like Kalshi represents a significant expansion of the nascent prediction market industry. As more institutional investors gain access, it could drive increased liquidity and mainstream adoption of these types of event-driven betting markets.

The details

Clear Street, a broker to hedge funds and sophisticated traders, is expecting to clear its first trade on Kalshi later this month and begin offering it more broadly later this year. The London-based broker Marex Group is also working to provide its clients access to Kalshi's platform.

  • Clear Street plans to clear its first Kalshi trade later this month.
  • Clear Street expects to begin broadly offering Kalshi access to clients later this year.

The players

Clear Street

A broker to hedge funds and sophisticated traders that is enabling client access to Kalshi's prediction market platform.

Ed Tilly

The chief executive officer of Clear Street.

Marex Group

A London-based broker that is also working to provide its clients access to Kalshi's prediction market platform.

Kalshi Inc.

A prediction market platform that allows trading on the outcomes of future events.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The ability for Wall Street firms to access prediction market platforms like Kalshi represents a significant milestone in the growth and mainstream adoption of this nascent industry. As more institutional investors gain exposure, it could drive increased liquidity and further development of these event-driven betting markets.