Talos opens Kalshi's prediction markets to institutional traders
Talos, an institutional digital asset infrastructure provider, has integrated with CFTC-registered exchange Kalshi. Talos chief executive and co-founder Anton Katz said client demand drove the partnership. Select institutional investors can now access Kalshi's prediction markets and US perpetuals through Talos's infrastructure, letting hedge funds and market makers deploy algorithmic strategies without building bespoke systems.
Kalshi gains a direct pipeline to institutional capital that previously sat outside prediction markets. Talos's hedge fund and market maker clients can deploy algorithmic strategies on Kalshi's event contracts without building bespoke infrastructure, lowering the cost of entry for systematic players.
This matters because Kalshi is losing retail flow to vertically integrated rivals: Robinhood already routes volume through Rothera, DraftKings built its own DKeX exchange, and Underdog launched UDX. Talos offers Kalshi a counterweight — institutional volume that competitor platforms have not yet captured. The first quarter of trading data will show whether these new participants bring enough liquidity to tighten spreads and defend Kalshi's market position against owned-exchange rivals.