This week, US brokerage FOREX.com, owned by StoneX, announced a new partnership with Kalshi, a CFTC-regulated exchange specialising in event-based trading.
FOREX.com Partners With Event-Based Trading Firm Kalshi
The company explained in a press release that the collaboration allows FOREX.com clients to participate in the US Presidential Election by trading contracts on Kalshi’s platform alongside their regular forex trading activities.
The partnership opens up new avenues for traders, offering them the opportunity to leverage their political predictions while managing their forex portfolios.
FOREX.com clients who access Kalshi to trade the US Election will receive a $20 bonus (subject to conditions).
“We remain steadfast in our commitment to providing our clients with tools and products that enhance their trading experience and broaden their ability to access political and market events,” stated Sixto Alonso, Regional Director of FOREX.com Americas.
“We consider this partnership to be just the start and plan to develop it further with other event-based promotions for our clients,” he added.
Kalshi is the first legal prediction market in the US. It has witnessed significant success recently. Following its role in legalising election-based event contracts, the platform is said to have already facilitated over $100 million in trading volume within a month.
“As the first and largest regulated prediction market, Kalshi’s vision is to bring this asset class mainstream. We are excited to partner with FOREX.com to offer election markets to their hundreds of thousands of customers,” remarked Tarek Mansour, founder of Kalshi.
