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Cantor Fitzgerald Opens Kalshi Prediction Markets to Hedge Funds

Wall Street Journal Markets •
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Cantor Fitzgerald plans to give its 3,000 institutional clients access to Kalshi's prediction markets, allowing hedge funds and family offices to trade yes-or-no event contracts on weather, commodities, and corporate results.

Pascal Bandelier, co-chief executive and global head of equities at Cantor, said dozens of investors have shown keen interest in participating. Susquehanna International Group, Kalshi's flagship market maker, will provide pricing and liquidity for the event contracts.

Cantor will serve as a broker, arranging block trades and helping distribute holdings through private negotiations. Hedge funds have expressed interest in trading contracts tied to i Phone sales rather than anticipating Apple share reactions, while family offices seek to hedge weather and commodity risks such as crop outputs and oil prices.