Alpaca, a brokerage infrastructure provider, has partnered with Kalshi, the world’s largest prediction market exchange, to offer CFTC-regulated event contracts to its global user base. The integration leverages Alpaca Derivatives LLC‘s recent registration with the Commodity Futures Trading Commission as a Futures Commission Merchant and marks the company’s expansion into prediction markets alongside its existing offerings in stocks, options, fixed income, and cryptocurrency.
- Trading Volume: Over $40 billion in trading on Kalshi in July 2026
- Market Projection: Prediction market volumes estimated to reach $240 billion in 2026, growing to $1 trillion by 2030
- Market Hours: Kalshi markets trade 24/7
- Regulatory Status: Alpaca Derivatives LLC registered with CFTC (NFA ID: 0576042)
- Regulatory Status Note: Has not yet commenced regulated business operations as a Futures Commission Merchant
Partnering with Alpaca is a significant step in expanding access to Kalshi markets in the US and around the world. 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.
– Max Crowley, VP of Business Development at Kalshi
The partnership integrates prediction markets directly into Alpaca’s existing infrastructure, enabling developers to leverage familiar API workflows for order management, positions, activity tracking, and market data. Alpaca will handle custody, money movement, statements, and account management, while Kalshi provides the regulated marketplace, event contracts, and clearing services. Users can trade on real-world events including elections, economic indicators, and cultural moments, with automated settlement occurring through Alpaca’s FCM stack once contracts resolve on Kalshi.
Prediction markets have gained traction as investors seek new avenues to express views on diverse outcomes. The integration allows traders to access markets around-the-clock, capturing activity when traditional markets are closed. Alpaca provides brokerage infrastructure and APIs for financial platforms and developers globally across multiple asset classes.
Max Crowley, VP of Business Development at Kalshi. Source: LinkedIn
