Kalshi & Susquehanna International Group

Kalshi: Kalshi gains a major distribution channel and institutional credibility, addressing its liquidity challenges and expanding beyond retail trading, which is likely to increase trading volumes and market relevance.

Susquehanna International Group: Susquehanna acts as market maker, providing pricing and liquidity, which is critical to enabling institutional block trades and enhancing its role in the prediction market ecosystem.

Kalshi: Kalshi faced a lawsuit from FlightAware but resolved it quickly by revising its market wording and likely settling privately. The company continues to face more significant legal challenges from multiple states over its sports event contracts.

Susquehanna International Group: Susquehanna provided $3 million in coverage for NextPredict's flight cancellation market, acting as a market maker on Kalshi.

Kalshi: As a leading prediction market platform, Kalshi>>> is actively pushing to attract institutional investors and has seen significant growth in trading volumes from this client base. It is addressing liquidity concerns to further its expansion.

Susquehanna International Group: Susquehanna International Group>>> is a market-making firm that has advertised roles for specialist prediction market traders, showing its interest in the growing sector.

Kalshi: Kalshi faces increased competition as Robinhood adds another supplier, potentially reducing its share of Robinhood's trading volumes.

Susquehanna International Group: Susquehanna is a partner in the Rothera Research Station venture, benefiting from Robinhood's expansion in prediction markets.

Kalshi: Kalshi, a prediction market startup, reached an $11 billion valuation after a $1 billion funding round, solidifying its position as a federally regulated platform for trading on future events.

Susquehanna International Group: Susquehanna International Group was onboarded by Kalshi for liquidity.

Kalshi: Kalshi is a distribution partner for Robinhood's prediction markets, mentioned in the context of product diversification.

Susquehanna International Group: Susquehanna is a joint venture partner in Rothera Research Station, involved in prediction markets.