Talos Connects with Kalshi

Digital asset infrastructure provider Talos has integrated with prediction market exchange Kalshi, meaning, the firms say, “select institutional clients will be able to trade Kalshi’s event contracts and crypto perpetuals with no separate integration required”.

Talos is launching two major capabilities to bring familiar tooling to prediction and perpetual markets’ workflows. For on-exchange trading, it says market makers and hedge funds have access to its algo trading suite, including Iceberg, Pegged, Sniper, TWAP and POV, designed to work orders while minimising market impact. This is available also for spread trading, where clients can construct perp-to-perp and perp-to-spot spreads within a single order, supporting basis and funding-rate arbitrage strategies as onshore perpetuals scale. Talos says it intends to support prediction-market-to-perpetual multi-leg spreads in the future. 

In parallel, the Talos RFQ (request-for-quote) platform, the same system its ETF issuer clients use for create/redeem workflows, will provide a block trading interface for trading large sizes off-exchange, connecting to Talos’s network of OTC liquidity providers.

“As institutional interest in prediction markets accelerates, Kalshi’s regulatory standing as a CFTC-regulated exchange makes it a natural venue for that demand,” says Andy Ross, head of institutional at Kalshi. “Working with Talos gives our institutional buy-side and sell-side participants a path to Kalshi that fits inside the infrastructure they already run.”

Anton Katz, CEO and co-founder of Talos, adds, “Kalshi has established a regulated structure to unlock US institutional participation in perpetuals and prediction markets. Trading is moving to 24/7, prediction use cases are growing rapidly, and every asset class is migrating to digital rails. We believe these trends will fundamentally change how risk is priced, hedged and settled across the market.” 

Beyond institutional trading, Talos also says it plans to extend its dealer software solution enabling brokers and trading platforms to offer Kalshi event contracts directly to their own end customers, depending on jurisdiction, later this year. It also plans to offer a harmonised market data feed across prediction market venues, unifying events, trades, order books, open interest and implied probabilities under a single schema.

Since venues represent binary outcomes differently, including Kalshi’s single market with two sides against other venues’ separate outcome tokens, comparing data across platforms today typically requires reconciling formats, the firm asserts, adding its prediction markets data will be delivered through the same API clients already use for crypto market data.