Bernstein Says First Kalshi Block Trade Marks Institutional Shift in Prediction Markets

Bernstein said prediction markets are moving toward institutional use after Kalshi executed its first bespoke institutional block trade last week. Greenlight Commodities brokered the deal between a Houston, Texas-based environmental hedge fund and Jump Trading around California’s May carbon allowance auction. Bernstein said Clear Street’s partnership with Kalshi gives institutions a regulated way to trade event contracts.

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