Kalshi Teams with Alpaca to Expand Prediction Market Reach Globally

Prediction market platform Kalshi is collaborating with brokerage and financial infrastructure provider Alpaca to extend its event contracts to a global audience, pending regulatory approval in individual markets.

Through this partnership, users of Alpaca’s brokerage infrastructure will gain access to Kalshi’s event contracts, leveraging the same technology used on Alpaca’s existing platform for trading a range of financial instruments.

The collaboration follows Alpaca’s recent registration with the U.S. Commodity Futures Trading Commission (CFTC), officially becoming a licensed futures commission merchant earlier this month.

Alpaca’s strategic shift toward prediction markets stems from strong user demand for event-based contracts, according to Chief Brokerage Officer Tony Lee, who spoke with CNBC in an interview.

“Our mission is really to open up financial services to as many people around the world as possible, and you really have to go where the customer demand is,” Lee said.

For Kalshi, expanding globally aligns closely with its growth strategy. The company previously partnered with Canadian financial services firm Wealthsimple in June 2026 to launch its markets in Canada.

Max Crowley, Vice President of Business Development at Kalshi, emphasized that Alpaca’s extensive network and proven technology stack made it an ideal partner for international expansion. With over 300 financial institution partnerships and reach across 14 million brokerage accounts worldwide, Alpaca offers Kalshi a scalable foundation to enter new markets quickly once regulatory hurdles are cleared.

“They’re a trusted brand, they’re technology forward, their customers love working with them,” Crowley said. “It’s going to take us a lot of time to build the business globally, but this technical partnership enables that.”

Additionally, Alpaca supports 83,000 monthly active users through its Application Programming Interface (API), enabling developers to create custom trading tools—an ecosystem particularly relevant amid growing interest in algorithmic trading within prediction markets.

Yoshi Yokokawa, Co-founder and CEO of Alpaca, acknowledged that scaling Kalshi’s event contracts internationally will require patience but expressed optimism about the long-term impact on the asset class.

“As that scales,” Yokokawa said. “I think it should be pretty meaningful for event contracts as an asset class in general.”

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.

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