On August 31, fintech company Alpaca announced its partnership with leading prediction market operator Kalshi. The collaboration involves integrating event contracts, which are regulated by the U.S. Commodity Futures Trading Commission (CFTC), into Alpaca's brokerage platform for securities and cryptocurrencies.
This partnership allows Alpaca's subsidiary, Alpaca Derivatives, to operate as a Futures Commission Merchant (FCM) under the U.S. National Futures Association (NFA...