Cantor Fitzgerald opens Kalshi prediction markets to Wall Street clients directly
Cantor Fitzgerald is now offering its Wall Street clients direct access to trade Kalshi's prediction markets. The partnership, announced Tuesday, lets institutional investors transact event contracts through the major financial services firm. It represents a significant broker-dealer addition for Kalshi as it expands beyond its direct retail platform. The move signals growing institutional interest in regulated prediction markets among traditional finance players.
Kalshi now has three distinct distribution layers: direct retail, Apex broker API, and Cantor's institutional desk. Cantor's client base brings fragmented hedge-fund and family-office capital that Kalshi could not reach through its app or retail broker integrations. The partnership strengthens Kalshi's institutional pitch by showing revenue diversification beyond retail.
For rivals, the bar moves again. Polymarket has CFTC registration but no comparable broker-dealer distribution to traditional Wall Street desks. The risk is margin compression: wholesale broker fees are thinner than direct retail spreads, so Kalshi needs Cantor volume to offset lower per-trade economics. If the channel converts, Kalshi's valuation case shifts from consumer app to infrastructure layer.
Cantor's direct Wall Street integration joins its earlier block-trading channel through Susquehanna as Kalshi's second institutional distribution line this year, giving the exchange dual pathways into hedge-fund and broker-dealer capital.