Kalshi has announced its first international expansion by partnering with Brazil’s largest brokerage, XP Inc., to offer yes-or-no contracts related to Brazil’s economy. This collaboration marks Kalshi’s entry into the Brazilian market, allowing them to reach local investors and capitalize on the country’s newly established prediction market framework, which facilitates regulated event-based trading.
Kalshi: Kalshi is a federally regulated U.S.-based prediction market exchange where users trade yes-or-no event contracts on real-world outcomes including politics, economics, sports, crypto, and weather events. The platform is actively expanding its market categories beyond sports betting to leverage crowd-sourced forecasting. Through this partnership with XP Inc., Kalshi launches its first international products focused on Brazil’s economy.
XP Inc.: XP Inc. operates as Brazil’s leading digital financial services platform, offering brokerage, asset management, banking, and advisory services via an open investment architecture. It provides retail and institutional clients with access to equities, fixed income, funds, and structured products. XP Inc. is collaborating with Kalshi to distribute event contracts tied to Brazil’s economic indicators.
{“Brokerage Access”: “XP Inc. is Brazil’s largest brokerage, expanding Kalshi’s access to local investors.”, “International Expansion”: “Kalshi’s partnership with XP Inc. marks its first venture outside the U.S., focusing on Brazil-specific event contracts.”}
Source: Cointelegraph
