Kalshi Lands S&P Dow Jones Deal for Index-Linked Event Contracts
Summary
Kalshi will become a preferred venue for event contracts tied to S&P Dow Jones Indices benchmarks, with settlement based on official index values. The two sides will also explore building indexes off Kalshi's prediction-market prices to track expectations on economic, political and sporting outcomes. No timeline or financial terms were disclosed. The tie-up gives Kalshi a blue-chip index partner as it fights state gambling suits and a CFTC insider-trading probe, and it follows Nasdaq's August deal to supply Kalshi with market surveillance tech. For S&P Global (SPGI), the same announcement notes it closed its previously announced acquisition of blockchain security firm OpenZeppelin, which will run as a standalone unit under founder Demian Brener reporting to Yann Le Pallec.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Cointelegraph.