Customers of Clear, a brand of the XP Group, who hold an international investment account, will be able to participate in regulated prediction markets. XP is the first company to bring regulated prediction markets outside the U.S., with a focus on financial and economic events.
Kalshi Partners With XP to Bring Regulated Prediction Markets to Brazil
Kalshi, one of the largest regulated prediction market platforms, has taken its first steps for international expansion.
The company partnered with XP International, a company of the XP Group, to bring prediction markets to its customers in Brazil. After this deal, XP Group, which serves over 4.7 million customers and has over $345 billion in assets under management (AUM), becomes the first company to offer these services outside the U.S. through Clear, its brokerage subsidiary.
Customers with an international account will be able to leverage their funds and invest in several prediction markets. According to Kalshi, the focus of this partnership will be to enable investors’ participation in “financial and economic events,” as these have the “potential to increase pricing efficiency and improve market information quality.”
Luana Lopes Lara, co-founder and COO of Kalshi, stated:
“As a Brazilian, I couldn’t be more excited for XP to be Kalshi’s first brokerage partner outside the U.S. XP is one of Brazil’s largest financial institutions; expanding prediction markets to Brazil is an important step in providing more people around the world with access to fair, safe, and regulated markets”
While the companies did not offer detailed information on which prediction markets will be available for investment, they did explain that these opportunities will be provided “with diligence, aligned with client profiles and regulatory requirements”. XP also reinforced its “commitment to financial education, governance, and offering legitimate instruments to help investors make better decisions.”
Even after the Brazilian equivalent of the Securities and Exchange Commission (SEC), the CVM, approved the first prediction market as a financial security in February, there is an active debate around which institution should oversee these markets. Analysts believe that this responsibility could fall under the CVM, the Central Bank, or the Ministry of Finance.
FAQ
- What recent step has Kalshi taken toward international growth?
Kalshi is partnering with XP International to introduce prediction markets in Brazil, marking its first expansion outside the U.S.
- What benefits will this partnership bring to XP Group’s customers?
Customers of XP Group, which serves over 4.7 million clients, will be able to invest in various prediction markets through their brokerage subsidiary, Clear.
- What is the primary focus of this partnership between Kalshi and XP?
The collaboration aims to enhance investor participation in financial and economic events, improving pricing efficiency and market information quality.
- What regulatory discussions are taking place regarding prediction markets in Brazil?
Following the CVM’s approval of a prediction market as a financial security, there is ongoing debate about which authority—CVM, the Central Bank, or the Ministry of Finance—should oversee these markets.
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