Virtu begins market-making on Kalshi and CME event contracts in major Wall Street prediction markets push
Market maker Virtu has started pricing and trading event contracts on Kalshi and CME Group, becoming one of the largest Wall Street firms to enter the regulated prediction market space. The New York-based electronic market maker, one of the biggest globally, has reportedly traded on some sports games. Virtu joins other market-making firms that have begun participating in the sector, bringing institutional-grade liquidity to platforms that have historically relied on retail flow and crypto-native traders. The move connects traditional finance infrastructure to event contracts at a moment when both Kalshi and CME are expanding their offerings beyond political and economic outcomes into sports-linked markets.
Gives Kalshi and CME institutional liquidity depth they have never had, tightening spreads enough to attract hedge-fund and prop-trader volume that retail-dominated rivals like Polymarket cannot match without similar market-maker partnerships.