Kalshi Executes First Institutional Block Trade as Bernstein Sees Prediction Market Shift

Bernstein said prediction markets are moving toward institutional use after Kalshi executed its first bespoke institutional block trade on April 28. Greenlight Commodities brokered the deal between a Houston-based environmental hedge fund and Jump Trading, and the contract referenced California’s May carbon allowance auction clearing price. Retail users still generated more than 80% of the $25.7 billion in prediction market volume recorded in March.

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