Tradeweb launches dedicated Kalshi pricing page on its platform

Tradeweb Markets Inc. (NASDAQ:TW) has launched a dedicated Kalshi pricing page on its platform, providing U.S. institutional clients with access to event contract data alongside their existing market analysis and risk management tools. This move represents the initial phase of a previously announced strategic partnership between Tradeweb and Kalshi, with Tradeweb also holding a minority stake in the prediction market platform.

The new feature allows clients to monitor real-time, market-implied probabilities for political, economic, and financial events within their established workflows. It supports custom watchlists and integrates this data with Tradeweb's analytics and execution services. The page will soon include Kalshi's American Power Index (KPOW), a single metric gauging U.S. political and policy risk derived from probabilities across government branches.

"As prediction markets mature, they've become a real-time gauge of how investors price risk across the global economy," said Troy Dixon, Managing Director and Co-Head of Global Markets at Tradeweb. "Integrating Kalshi's data into Tradeweb places it alongside the data, analytics and execution tools clients rely on every day."

Andy Ross, Head of Institutional at Kalshi, stated, "Investors want to trade on real events, not proxies. Integrating prediction market data into one of the world's leading regulated, multi-asset institutional trading platforms is an important step toward more accurately pricing the future."

The partnership will explore further integration of prediction market data and the co-development of institutional-grade analytics. These tools will combine Kalshi's event probabilities with Tradeweb's pricing and macro datasets to create new forecasting and risk models. The firms are also considering a joint institutional platform for event contracts.