Customers of Clear, a brand of XP Group, will have an international investment account and will be able to participate in regulated prediction markets. XP is the first company to bring a regulated prediction market outside the United States, focusing on financial and economic events.
Calci partners with XP to bring regulated prediction market to Brazil
Kalshi, one of the largest regulated prediction market platforms, has taken its first steps towards international expansion.
The company has partnered with XP International, an XP Group company, to provide prediction markets to customers in Brazil. Following this transaction, XP Group, which serves more than 4.7 million customers and has more than $345 billion in assets under management (AUM), will become the first company to offer these services outside the United States through its brokerage subsidiary Clear.
Customers with international accounts can leverage their funds to invest in multiple prediction markets. According to Kalsi, the focus of the partnership is to enable investors to participate in “financial and economic events,” as these events have “the potential to increase pricing efficiency and improve the quality of market information.”
Luana López Lara, co-founder and chief operating officer (COO) of Carsi, said:
“As a Brazilian, I couldn’t be more excited for XP to be Carsi’s first intermediary partner outside the United States. XP is one of the largest financial institutions in Brazil. Expanding our prediction markets to Brazil is an important step in providing more people around the world with access to a fair, secure, and regulated market.”
The companies did not provide detailed information on which prediction markets will be available for investment, but explained that these opportunities will be offered “aggressively and tailored to customer profiles and regulatory requirements.” XP also strengthened its “commitment to financial education, governance, and providing legitimate means for investors to make better decisions.”
After the CVM, Brazil’s equivalent of the Securities and Exchange Commission (SEC), approved the first prediction markets as financial securities in February, there is still active debate about which agency should oversee these markets. Analysts believe that responsibility for this could lie with the CVM, the central bank or the Ministry of Finance.
FAQ
- What recent steps has Kalsi taken towards international growth?
Calci is collaborating with: XP International Prediction market introduced in Brazil, first expansion outside of the United States - How will this partnership benefit XP Group customers?
XP Group customers served 4.7 million customerswill be able to invest in various prediction markets through its intermediary subsidiary Clear. - What is the main focus of this partnership between Kalsi and XP?
The partnership aims to strengthen investor participation. financial and economic eventsimprove pricing efficiency and quality of market information. - What regulatory discussions are taking place regarding prediction markets in Brazil?
Following the CVM’s approval of prediction markets as financial securities, debate continues over which authority – the CVM, the central bank or the Ministry of Finance – should oversee these markets.
