Business
Tradeweb and Kalshi Announce Strategic Partnership to Expand Institutional Access to Prediction Markets
NEW YORK, February 19, 2026--Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities, and money markets, facilitating more than $2.6 trillion in notional value traded on average per day, and Kalshi, the largest regulated prediction market, today announced a strategic partnership. The companies will collaborate with the goal to expand institutional access to Kalshi’s prediction market data and analytics and advance market infrastructure
About this update from Tradeweb Markets Inc.
[{"type":"text","content":"Collaboration bridges Kalshi’s prediction markets with Tradeweb’s institutional experience with goal of developing the first institutional-focused marketplace for event contracts","length":178,"tagName":"p","attribs":{}},{"type":"text","content":"Tradeweb makes minority investment in Kalshi","length":44,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, February 19, 2026--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities, and money markets, facilitating more than $2.6 trillion in notional value traded on average per day, and Kalshi, the largest regulated prediction market, today announced a strategic partnership. The companies will collaborate with the goal to expand institutional access to Kalshi’s prediction market data and analytics and advance market infrastructure for prediction markets trading to institutional investors through Tradeweb’s global electronic trading platform. Tradeweb has also made a minority investment in Kalshi.","length":686,"tagName":"p"},{"type":"text","content":"As institutional participants increasingly seek forward-looking, data-driven signals to help manage risk, prediction markets are rapidly becoming an invaluable source of signal for investors looking to navigate complex market dynamics. Through this strategic partnership, Tradeweb aims to combine its global institutional distribution, track record of shaping institutional markets, and electronic trading capabilities with Kalshi’s real-time event-driven data and leadership in prediction markets. Together, the companies aim to integrate probabilistic, forward-looking risk signals directly into core trading workflows used by Tradeweb’s more than 3,000 institutional clients, designed to deliver greater transparency, execution efficiency, and actionable intelligence across global macro markets.","length":799,"tagName":"p"},{"type":"text","content":"Billy Hult, CEO of Tradeweb, said: "Prediction markets are increasingly becoming a key part of the trading landscape, and have the potential to become an indicator for institutions to dynamically assess macro risk and allocate capital more effectively. As a leading global operator of electronic marketplaces across asset classes, Tradeweb has invested in Kalshi based on our belief that the institutional tra...