DriveWealth to Integrate Kalshi's Event Contracts into its Brokerage Platform
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DriveWealth to integrate Kalshi's event contracts into its brokerage platform. * DriveWealth will integrate Kalshi's regulated prediction markets into its brokerage-as-a-service platform, enabling fintechs to offer event contracts alongside stocks and ETFs. * Kalshi, which processes over $100 billion in annualized volume, is expanding distribution through DriveWealth's brokerage infrastructure. * As prediction markets move into the financial mainstream, event contracts are emerging as a new tradable asset class that could follow the adoption path of options and crypto. Digital trading and brokerage company DriveWealth is teaming up with prediction market platform Kalshi in a move to capitalize on the growing interest in events contracts. The New Jersey-based company plans to integrate Kalshi's event contracts into its brokerage platform. The integration allows clients using DriveWealth's brokerage-as-a-service platform to offer event-driven markets alongside more traditional equities, ETFs, and other traditional asset classes within the same interface. Kalshi allows users to trade on the outcome of real-world events such as elections, economic indicators, weather, sports, and more in a fully regulated environment. Because it offers investment opportunities based on highly publicized events such as sporting and political events, Kalshi brings an approachable new asset...
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