Gate News Report, March 12: On March 11, major U.S. brokerage firms are providing hedge fund clients with access to the prediction market platform Kalshi. Valued at over $12 billion, Clear Street is expected to settle its first Kalshi trade by the end of March; Marex Group, valued at approximately $2.6 billion, also plans to follow suit in the coming months. Thomas Texier, Global Clearing Head at Marex, stated that large financial institutions have strong demand for prediction markets, not only seeking returns but also aiming to use them as tools to hedge their positions. Tarek Mansour, CEO of Kalshi, pointed out that prediction markets are becoming a core pillar of the financial ecosystem, with billions of dollars flowing weekly. Ed Tilly, CEO of Clear Street, emphasized that due to ongoing regulatory debates in U.S. states regarding sports betting and insider trading risks, the company will proceed cautiously.
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