What to know:
- Talos connects clients to Kalshi event contracts and crypto perpetuals on one platform.
- Clients can access Iceberg, TWAP, block trades, and multi-leg execution through Talos.
- Kalshi reached 58.9% market share while legal and insider trading concerns increased.
Talos has connected its institutional trading platform with Kalshi, giving selected clients access to event contracts and crypto perpetuals. The Talos Kalshi integration removes the need for a separate connection. Clients can use the infrastructure already supporting their digital assets.
As per a report, the Talos Kalshi integration handles Iceberg, TWAP, and percentage of volume orders. Multi-leg execution is also in development. These trades can combine perpetual contracts or perpetual and spot positions.
Block trades can take place via the Talos Request For Quote portal. Over-the-counter liquidity providers for Kalshi contracts will be used. The service offers institutions a familiar channel for larger transactions.
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What Talos Kalshi Integration Offers Brokers
Talos will release dealer software for brokerages and trading platforms later this year. The Talos Kalshi integration may then be able to reach clients according to regulations. Those businesses would offer event contracts from Kalshi through their services.
The Talos Kalshi integration will also see Talos provide a single stream of prediction market data. This will normalize event info, trades, order book, open interest, and implied probability. This feed will gather all of this information from various venues.
The integration helps lower the obstacles to the integration of hedge funds, market makers, and professional firms. Clients who already use Talos can get access to regulated prediction markets without having another integration point. Event contracts can sit beside their cryptocurrency trading.
The development comes amidst an increase in prediction market activity. CoinGecko reported a second-quarter volume of $113.8 billion, up 48.7% from the previous quarter. June marked a monthly high at $52.8 billion.
How Kalshi Reached 58.9% Market Share
CoinGecko linked the growth to a packed sports calendar. This includes the UEFA Champions League final, NBA Finals, Stanley Cup, FIFA World Cup, and Wimbledon. Sports contracts were responsible for 81% of Polymarket’s June volume, which was double that of 40% in January.
Kalshi increased its market share to 58.9% from 42.4% in Q1. On the other hand, Polymarket decreased market share from 35.8% to 30.2%. The Talos Kalshi Integration offers yet another avenue to attract institutional traders.
Rothera was launched in May. The project has backing from Robinhood and Susquehanna International Group. It managed to rank fourth with a volume of $2.1 billion in June.
The Talos Kalshi integration enters a market under legal dispute. Kalshi is contesting various state regulators of the US over their classification of sports contracts as illegal gambling. Some legal observers believe that this dispute may end up in the US Supreme Court.
Why Polymarket and Kalshi Bets Face Scrutiny
Insider trading has been flagged as a possible problem. Six traders in Polymarket made roughly $1 million before the US announced military strikes against Iran. Reports said these traders had bet correctly on the action.
In another case, a White House teleprompter operator made over $100,000 on Kalshi’s market relating to Donald Trump’s speech. The operator has been put on unpaid leave by the White House recently.
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