TL;DR
- Institutional Access: Cantor is giving 3,000 clients regulated block trading access to Kalshi’s event contracts.
- Liquidity Support: Susquehanna will provide institutional‑scale pricing and liquidity for the firm’s prediction markets coverage.
- Market Shift: Kalshi’s institutional expansion accelerates as the firm applies its trading model to a new regulated asset class.
Cantor is moving prediction markets deeper into Wall Street’s institutional ecosystem, unveiling a plan to give roughly 3,000 clients access to block trading on Kalshi. The initiative positions the firm as one of the first full‑service investment banks to open regulated event contracts to large professional traders, signaling a shift in how prediction markets fit into broader market infrastructure. With Susquehanna International Group supplying pricing and liquidity, the bank aims to create a familiar institutional pathway for firms seeking scale, transparency and regulated execution.
Institutional Access Expands Through Cantor’s Trading Framework
The bank said it will act as an Introducing Broker, arranging and facilitating institutional‑size block trades away from Kalshi’s central order book. The model mirrors the institutional trading systems Cantor has refined across Equities and Fixed Income, now applied to a new regulated asset class.
Cantor emphasized that prediction markets have grown quickly, yet institutional participation has lagged due to limited ability to transact at size on a regulated exchange. Pascal Bandelier, co‑CEO and global head of equities at Cantor, said the liquidity is already in place and that the firm’s long history of building access to emerging markets makes this expansion a natural step.
Cantor’s collaboration with Susquehanna Predictions strengthens the offering, giving clients institutional‑scale pricing and liquidity. Susquehanna is one of the most active liquidity providers in event contracts and has built a dedicated prediction markets business. The firm said the next major growth area will be large institutional risk transfer, with custom contracts designed to hedge general market and industry‑specific exposures.
Kalshi’s Institutional Push Gains Momentum
Kalshi has been working to broaden its market beyond retail traders, completing its first block trade earlier this year and partnering with Interactive Brokers. Cantor’s involvement adds a major institutional intermediary with deep relationships and experience executing across asset classes.
Max Crowley, VP of business development at Kalshi, said Cantor’s ability to think creatively about how event contracts fit into portfolios makes it an ideal partner. Cantor expects additional venues to follow as institutional demand grows and prediction markets evolve into a more established tool for trading and hedging risk.
