.jpg){kind=avatar}
Prediction market platform Kalshi Inc. is expanding outside the US for the first time, partnering with Brazil’s XP Inc. to list event contracts. Kalshi will start offering yes-or-no contracts tied to Brazil’s economy, on events such as changing inflation and interest rates in the country, co-founder Luana Lopes Lara said. Those contracts will be available for Kalshi’s US investors and select XP users in Brazil, according to executives.
“We see a lot of structured notes and options of interest rates being traded on the traditional markets,” he said. “In prediction markets, we see something comparable in terms of assets and payoff.”
More posts by Chris King
Recent posts from News by FinTech Collective
