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Hedge funds are about to jump into prediction markets in a big way

Cnbc · · 330 words · By Davis Giangiulio; Ananya Chetia
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What to know about Hedge funds are about to jump into prediction markets in a big way

Cantor Fitzgerald will be one of the first investment firms providing its clients institutional trading on prediction market platform Kalshi, the company announced Wednesday morning.

Claims checked 7
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center86%
Right14%

7 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Cantor Fitzgerald will be one of the first investment firms providing its clients institutional trading on prediction market platform Kalshi, the company announced Wednesday morning.

Why it matters

"Prediction markets are growing rapidly, but institutional participation has not kept pace because investors have lacked the ability to transact at scale on a regulated exchange.

Common ground

The liquidity is here," said Pascal Bandelier, co-CEO and global head of equities at Cantor in a press release.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/19/hedge-funds-are-about-to-jump-in-big-to-predicti…

fact_checkClaims Checked

eFinder analyzed this article and checked 7 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4
info Single Source 2
verified Verified By Reference 1
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Claim 1: “The global investment firm will serve as a broker, meaning it will organize the block trades on Kalshi's event contracts for its clients.”
CORROBORATED
Multiple sources explicitly state that Cantor Fitzgerald will serve as the broker arranging block trades for institutional clients on Kalshi.
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web search NEUTRAL — Cantor Fitzgerald will serve as the broker, arranging block trades that allow institutions to take positions in Kalshi's binary "yes/no" contracts tied to real-world outcomes.
https://bingx.com/en/flash-news/post/cantor-fitzgerald-to-of…
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web search NEUTRAL — Cantor Fitzgerald opens block trading in Kalshi event contracts to roughly 3,000 institutional clients, with Susquehanna pricing the trades.
https://coinlaw.io/cantor-kalshi-institutional-block-trading…
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web search NEUTRAL — Cantor Fitzgerald & Co. launched institutional block trading in prediction markets, becoming one of the first full-service investment banks to give institutional clients access to event contracts on a…
https://www.financemagnates.com/institutional-forex/cantor-f…
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Claim 2: “CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.”
SINGLE SOURCE
The claim is repeated five times in the cross-references, but all five references are from the same source (CNBC). No independent second source is provided to corroborate the claim.
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment
https://www.cnbc.com/2026/05/06/kalshi-traders-confident-sec…
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment
https://www.cnbc.com/2026/05/07/traders-predict-michael-jack…
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
https://www.cnbc.com/2026/05/05/uber-and-lyft-report-earning…
+ 2 more evidence sources
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Claim 3: “Kalshi completed the first block trade on an event contract exchange back in April”
CORROBORATED
Three separate web search results, including one from Bloomberg, confirm that Kalshi completed its first block trade in April.
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web search NEUTRAL — Kalshi Inc. said it has completed its first ever bespoke block trade, with Jump Trading providing liquidity for the prediction market exchange.
https://www.bloomberg.com/news/articles/2026-04-27/kalshi-co…
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web search NEUTRAL — Kalshi completed its first block trade in April and has since expanded its institutional offerings. Wall Street's New Route Into Event Trading.
https://www.briefs.co/news/cantor-and-susquehanna-bring-inst…
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web search NEUTRAL — Kalshi has increasingly courted professional investors after retail traders, largely through sports contracts, powered its rise. The firm completed its first block trade on an event-contract exchange …
https://cryptorank.io/news/feed/a64ce-cantor-fitzgerald-kals…
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Claim 4: “Cantor Fitzgerald will be one of the first investment firms providing its clients institutional trading on prediction market platform Kalshi”
CORROBORATED
Multiple independent web search results confirm that Cantor Fitzgerald is launching institutional block trading for its clients on the Kalshi platform.
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web search NEUTRAL — Cantor Fitzgerald is launching trading for prediction markets to provide institutional clients with access to block trading via Kalshi.Investment bank Cantor Fitzgerald is moving into the prediction m…
https://www.pymnts.com/partnerships/2026/cantor-fitzgerald-e…
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web search NEUTRAL — TL;DR, Cantor Fitzgerald launched institutional block trading on Kalshi in partnership with Susquehanna Predictions to provide scale pricing and liquidity. The initiative targets hedging and risk mana…
https://sccgmanagement.com/sccg-articles/2026/08/21/cantor-f…
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web search NEUTRAL — Cantor Fitzgerald and Susquehanna bring institutional investors to Kalshi's prediction markets via block trades and market making.
https://www.briefs.co/news/cantor-and-susquehanna-bring-inst…
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Claim 5: “The global investment bank can also request that the prediction market design new markets for clients to trade on.”
SINGLE SOURCE
While the partnership between Cantor and Kalshi is confirmed, the provided evidence does not specifically mention the ability for Cantor to request the design of new markets.
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web search NEUTRAL — Market integrityLearn how we keep markets fair. Markets over MonopoliesFair markets protect consumers. Responsible tradingTools and tips for trading smart. Midterms Hub.Get the classic Kalshi experien…
https://kalshi.com/
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web search NEUTRAL — Cantor Fitzgerald began brokering institutional block trades in Kalshi event contracts on 19th August 2026, putting the venue in front of roughly 3,000 institutional clients. Susquehanna Predictions n…
https://newsletter.predicted.co/p/cantor-open-kalshi-to-inst…
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web search NEUTRAL — Kalshi withdrew its sports mention markets following a case in which a teleprompter operator traded profitably on contracts based on words the president would say, exposing a structural vulnerability …
https://gambity.com/article/markets/susquehanna-enters-predi…
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Claim 6: “Susquehanna International Group will provide pricing and liquidity as a market maker in these trades with Cantor's clients.”
CORROBORATED
Multiple web search results confirm that Susquehanna International Group (or Susquehanna Predictions) is providing the pricing and liquidity as the market maker for these trades.
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wikipedia NEUTRAL — The ING Group (Dutch: ING Groep N.V.) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commerc…
https://en.wikipedia.org/wiki/ING_Group
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wikipedia NEUTRAL — The International Financial Services Centre (IFSC; Irish: Lárionad Seirbhísí Airgeadais Idirnáisiúnta) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneratio…
https://en.wikipedia.org/wiki/International_Financial_Servic…
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web search NEUTRAL — Cantor Fitzgerald Brings Kalshi Event Trading to Institutional Clients.Cantor will serve as the link between clients and Kalshi, and it will work with Susquehanna International Group on pricing large …
https://www.briefs.co/news/cantor-fitzgerald-brings-kalshi-e…
+ 2 more evidence sources
verified
Claim 7: “The Wall Street Journal first reported on the arrangement.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of irrelevant search results (Microsoft Copilot, general Wikipedia entries for Cantor and Howard Lutnick) and does not mention the Wall Street Journal's reporting on this specific arrangement.
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wikipedia NEUTRAL — Howard William Lutnick (born July 14, 1961) is an American businessman and government official who has served as the 41st United States secretary of commerce since 2025. In 1983, Lutnick was hired at …
https://en.wikipedia.org/wiki/Howard_Lutnick
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wikipedia NEUTRAL — Occupy Wall Street (O.W.S.) was a left-wing populist and progressive movement against economic inequality, capitalism, corporate greed, big finance, and the influence of money in politics. It began in…
https://en.wikipedia.org/wiki/Occupy_Wall_Street
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wikipedia NEUTRAL — Cantor Fitzgerald, L.P. is an American financial services firm that was founded in 1945. Cantor Fitzgerald's 1,600 employees work in more than 30 locations, including financial centers in the Americas…
https://en.wikipedia.org/wiki/Cantor_Fitzgerald
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.