Kalshi Onboards Its First Dedicated Institutional Market Maker

Susquehanna Government Products, LLLP will serve as the exchange’s first committed institutional market maker

NEW YORK--(BUSINESS WIRE)--KalshiEx LLC (“Kalshi”), the first federally regulated exchange dedicated to trading on event outcomes, announced today their first dedicated institutional market marker in the ecosystem, Susquehanna Government Products, LLLP, a member of the Susquehanna International Group of Companies (“SIG”).

“SIG is excited to support the evolution of event contracts by providing liquidity to Kalshi’s class-defining ecosystem,” said Dave Pollard, SIG’s Head of Strategic Planning. “Kalshi is uniquely positioned to bring this next-generation asset class to the next phase and we are thrilled to be an early player on this journey to provide greater choice and opportunity to investors.”

The relationship between Kalshi and SIG signifies a notable achievement for Kalshi and prediction markets broadly, as it marks the debut of an institutional market maker on the exchange. Moreover, it represents the inaugural instance in which a first-tier market maker has aligned with an exchange exclusively devoted to event contract trading.

“Historically, prediction markets faced two major hurdles: regulation and liquidity. Kalshi’s regulatory approval has enabled the establishment of event trading as a legitimate asset class. Today, Kalshi and SIG unlock another critical milestone: the inaugural debut of institutional grade liquidity to prediction markets. This changes everything,” said Tarek Mansour, co-founder and CEO of Kalshi. “I am incredibly excited to be working with an industry-leading liquidity provider, which shares the vision of bringing event contracts mainstream.”

About Susquehanna Government Products, LLLP

Susquehanna Government Products, LLLP, a member of the Susquehanna International Group of Companies (SIG), is one of several trading and investment related entities within SIG. SIG is one of the world’s largest privately-held financial services firms. Founded in 1987, SIG has over 2,900 employees across the globe, with offices throughout North America and in Dublin, Ireland, Sydney, Australia, Tokyo, Japan and Shanghai, China.

About Kalshi

Founded by Tarek Mansour and Luana Lopes Lara, Kalshi is the first CFTC regulated exchange for trading directly on the outcomes of future events. The exchange enables investors to buy yes or no positions in regards to whether an event will happen or not through an asset class called event contracts. Kalshi’s vision is to allow people to capitalize on their opinion and hedge everyday risks. The company is backed by a number of Silicon Valley and Wall Street-based investors including Sequoia Capital, Charles Schwab, Henry Kravis, Neo, Y Combinator, and SV Angel.