FOREX.com Partners with Kalshi for Event-Based Trading on US Election

FOREX.com has teamed up with Kalshi, a licensed platform that enables traders to wager on the results of political events, in a daring attempt to mix political events and financial markets. This partnership focuses on event-driven trading, with a particular emphasis on the impending US Presidential Election, providing traders with a unique chance to combine currency markets with political forecasts.

Contents

01

A New Trading Frontier: Event-Based Markets

02

Kalshis Expanding Election Market

03

Final Thoughts

A New Trading Frontier: Event-Based Markets

Through this partnership, FOREX.com clients will be able to access Kalshis platform, where they can make predictions on the outcome of key political events. The standout feature is the ability to trade based on the results of the 2024 US Presidential Election, giving traders an edge in speculating on political outcomes and their potential market impacts.

Sixto Alonso, the Regional Director for FOREX.com Americas, expressed the companys excitement about the partnership:

“At FOREX.com, we remain steadfast in our commitment to providing our clients with tools and products that enhance their trading experience and broaden their ability to access political and market events.”

This collaboration opens new doors for FOREX.coms diverse client base, allowing them to take political positions through their market strategies. Alonso added that this partnership is just the beginning, with plans to develop more event-driven trading promotions in the future.

Kalshis Expanding Election Market

Kalshi, known as a leader in event-based contracts, has already seen impressive growth. In just under a month, the platform reported over $100 million in trading volume in election-based markets, and through the partnership with FOREX.com, users can take advantage of a $20 bonus when accessing Kalshis election market, subject to specific conditions.

Tarek Mansour, founder of Kalshi, commented on the partnership:

“As the first and largest regulated prediction market, Kalshi's vision is to bring this asset class mainstream. We are excited to partner with FOREX.com to offer election markets to their hundreds of thousands of customers.”

However, the road to offering political event contracts hasnt been without challenges. Kalshi faced legal hurdles last year when the US Commodity Futures Trading Commission (CFTC) blocked its attempt to launch contracts based on which political party would control Congress. This legal battle raised important questions about the boundaries between financial markets and political events, particularly whether election outcomes should be treated as market events. Despite this setback, Kalshi remains focused on expanding its platform, advocating for the inclusion of political risk management in mainstream financial tools.

Final Thoughts

The partnership between FOREX.com and Kalshi marks a significant step in blending politics with market strategies, offering traders new ways to speculate on global events. While event-based trading, especially in politics, faces its share of regulatory challenges, this collaboration sets the stage for a growing trend where political outcomes play an increasing role in market dynamics. As the 2024 US Presidential Election approaches, traders will be keen to see how this innovative offering performs in the larger financial ecosystem.

This partnership could very well redefine how retail traders approach political risks, offering them the same tools that have traditionally been available only to institutional investors. Time will tell how these new tools will shape the future of event-driven trading.