Alpaca will offer CFTC-regulated event contracts through its global brokerage infrastructure, powered by Kalshi
We’re excited to announce that we’ll be bringing prediction markets to Alpaca’s brokerage infrastructure through our partnership with Kalshi, the world’s largest prediction market exchange.1 This partnership accelerates our expansion into new financial markets, building on the recent announcement that Alpaca Derivatives LLC, an Alpaca subsidiary, registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and a Member of the National Futures Association (NFA).
Through the partnership, we’ll offer CFTC-regulated event contracts via the same agent-first infrastructure partners and builders already use for stocks, options, fixed income, and crypto. Alpaca will support custody, money movement, statements, and account management, while Kalshi will provide the regulated marketplace, event contracts, and clearing services.
Kalshi is the world’s largest prediction market, having created and established the entire prediction market category. Users can trade on real-world events to predict the outcomes of events that have real-time market impact, such as elections, economic indicators, cultural moments, and more. Kalshi has become the definitive source for staying informed about the future and is used by reporters, politicians, pundits, Wall Street, and Main Street.2
“Partnering with Alpaca is a significant step in expanding access to Kalshi markets in the US and around the world,” said Max Crowley, VP of Business Development at Kalshi. “Alpaca powers a fast-growing ecosystem of financial platforms, and together we can bring prediction markets directly into the products investors already use to trade and manage their money.”
Partnering with Alpaca is a significant step in expanding access to Kalshi markets in the US and around the world,” said Max Crowley, VP of Business Development at Kalshi. “Alpaca powers a fast-growing ecosystem of financial platforms, and together we can bring prediction markets directly into the products investors already use to trade and manage their money.”
Bringing Prediction Markets to Alpaca’s API Infrastructure
By integrating prediction markets into Alpaca’s brokerage infrastructure, partners and users will benefit from:
- Regulated Infrastructure: Alpaca Derivatives LLC handles custody, money movement, statements, and account management for event contracts.
- Familiar API Workflows: Builders will be able to use Alpaca’s existing order, position, activity, and market data interfaces, extended for event contracts.
- Multi-Asset Continuity: Event contracts sit alongside the rest of Alpaca’s brokerage stack, rather than requiring a separate destination to trade prediction markets.
- Around-the-Clock Markets: Kalshi markets trade 24/7, capturing activity when traditional markets are closed.
- Automated Settlement: When contracts resolve, payouts are credited through Alpaca’s FCM stack once Kalshi settles.
The Case for Prediction Markets
Interest in prediction markets has grown rapidly as more people seek new ways to express views on a wide range of outcomes. That demand comes as prediction market activity has surged, with over 40 billion dollars in trading on Kalshi in July, according to Kalshi data. Total market volumes are estimated to reach $240 billion in 2026 and grow to $1 trillion by 2030, according to Bernstein.3
Contact Alpaca
More details about the partnership and prediction markets at Alpaca are coming soon.
Interested in learning more about prediction markets at Alpaca? Contact Sales at [email protected].
References:
- Prediction Market Volume: Kalshi & Polymarket Aggregated Data, DeFi Rate, August 2026
- CNBC and Kalshi Strike Exclusive Partnership, CNBC, December 2025
- Prediction markets will grow to $1 trillion by 2030, Bernstein estimates, CNBC, April 2026
Availability depends on Kalshi’s listed markets, regulatory requirements, and geographic eligibility.
Event contracts involve risk and may not be appropriate for all customers. A customer may lose the entire amount paid to enter an event-contract position, including applicable fees. Market prices may be volatile, liquidity may be limited, and the determination or settlement of an event may be delayed or disputed. Carefully consider whether trading event contracts is appropriate in light of your financial circumstances, experience, and risk tolerance.
Alpaca Derivatives LLC (NFA ID: 0576042) is registered with the Commodity Futures Trading Commission (“CFTC”) as a Futures Commission Merchant (“FCM”) and is a Member of the National Futures Association (“NFA”).
Alpaca Derivatives LLC has not yet commenced regulated business operations as a Futures Commission Merchant.
This material is not an offer, solicitation of an offer, or investment advice, and is not an offer to open an account in any jurisdiction where Alpaca is not authorized to do business.
