Alpaca Partners with Kalshi to Bring Prediction Markets Mainstream

Alpaca has partnered with Kalshi to bring prediction markets directly into its global trading stack. This move signals that regulated event contracts are increasingly being treated as a mainstream asset class.

The integration will sit alongside Alpaca's existing stock, options, fixed income, and crypto trading tools. By folding event contracts into the infrastructure it already provides for traditional assets, Alpaca aims to make prediction markets more accessible to its users.

Kalshi has also taken disciplinary action against former U.S. Representative George Santos, permanently banning him from trading on the platform and fining him over $70,000. This is Kalshi's first lifetime ban, and it marks a significant step in policing conflicts of interest as the platform scales.