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Kalshi partners with S&P Dow Jones Indices on financial event contracts

S&P Dow Jones Indices will make Kalshi a preferred venue for contracts tied to its benchmarks, and the two firms will explore indexes built on prediction market data.

Why it matters: It shows a major index provider tying settlement of financial contracts to prediction markets, a sector traditional exchanges are also entering with large commitments.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Kalshi partners with S&P Dow Jones Indices on financial event contracts
Image: Cointelegraph
Original reporting: Nate Kostar, Cointelegraph

Key points

  • Kalshi becomes a preferred platform for event contracts settled on official S&P DJI index values, per Monday's announcement.
  • S&P DJI will explore indexes that use Kalshi contract prices to gauge expectations on economics, politics and sport.
  • S&P Global, S&P DJI's parent, also said on 26 October it had completed its purchase of blockchain security firm OpenZeppelin.

S&P Dow Jones Indices has struck a partnership with Kalshi that makes the prediction market a preferred platform for financial event contracts, Cointelegraph reports. Under the deal, announced on 26 October, contracts linked to the index provider's benchmarks will settle using the official index values S&P DJI publishes.

The two companies will also look at building indexes from Kalshi's prediction market data. Those gauges would draw on prices from the platform's event contracts to reflect expectations about economic developments, political outcomes and sporting events, rather than tracking the performance of conventional assets. No timeline was given for either initiative.

The tie-up comes as established exchange operators move into prediction markets.

Separately on Monday, S&P Global, the parent of S&P DJI, said it had closed its acquisition of blockchain security firm OpenZeppelin, first announced in September without financial terms. OpenZeppelin, which audits smart contracts and builds development tools, will run as its own unit under founder Demian Brener, reporting to Yann Le Pallec of S&P Global Ratings.

Read the full story on Cointelegraph

Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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