Alpaca today announced a partnership with prediction market exchange Kalshi, to bring prediction markets to Alpaca’s brokerage infrastructure.

The move marks Alpaca’s expansion into prediction markets with plans to add event contracts to the range of asset classes available through its API-first brokerage infrastructure. Through the partnership, Alpaca’s partners and users will be able to access Kalshi event contracts across categories including economic indicators, financial markets, weather, sports, and cultural events through the same infrastructure they already use for other financial products.

“Alpaca’s partners and users want to access more markets without having to build and manage a separate infrastructure stack for every asset class,” said Tony Lee, Chief Brokerage Officer at Alpaca. “Bringing Kalshi’s event contracts to Alpaca is a natural extension of that model, allowing access to more asset classes through the same infrastructure they already use.”

“Partnering with Alpaca is a significant step in expanding access to Kalshi markets in the US and around the world,” said Max Crowley, VP of Business Development at Kalshi. “Alpaca powers a fast-growing ecosystem of financial platforms, and together we can bring prediction markets directly into the products investors already use to trade and manage their money.”

Alpaca Derivatives LLC, Alpaca’s CFTC-registered Futures Commission Merchant (FCM), will integrate directly with Kalshi to provide access to Kalshi event contracts through Alpaca’s existing infrastructure. Alpaca will support custody, money movement, statements, and account management, while Kalshi will provide the regulated marketplace, event contracts, and clearing services.