US Presidential Elections: FOREX.com Partners with Kalshi for Event-Based Trading

FOREX.com has partnered with Kalshi, a regulated
platform allowing traders to bet on the outcome of political events like the US
Presidential Election. This collaboration focuses on event-driven trading by
offering traders a way to blend currency markets with political predictions.

Event-Based Markets

The partnership between FOREX.com and Kalshi, a
pioneer in event-based contracts, enables traders to trade based on the outcome
of the upcoming US Presidential Election. According to the official
announcement, FOREX.com clients express their political views through market
positions by accessing Kalshi’s platform.

Commenting about the partnership, Sixto Alonso,
Regional Director of FOREX.com Americas, said: “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.”

“We consider this partnership to be just the start and plan to develop it further with other event-based promotions for our
clients.”

Kalshi Election Market

Through this partnership, FOREX.com clients reportedly
offer a $20 bonus when accessing Kalshi’s election market, subject to certain
conditions. Kalshi has reportedly witnessed over $100 million in
trading volume in under a month since legalizing election-based event contracts.
FOREX.com plans to roll out additional event-based promotions for its clients
in the future.

“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,” Tarek Mansour, the founder of Kalshi, added.

Expect ongoing updates as this story evolves.

FOREX.com has partnered with Kalshi, a regulated
platform allowing traders to bet on the outcome of political events like the US
Presidential Election. This collaboration focuses on event-driven trading by
offering traders a way to blend currency markets with political predictions.

Event-Based Markets

The partnership between FOREX.com and Kalshi, a
pioneer in event-based contracts, enables traders to trade based on the outcome
of the upcoming US Presidential Election. According to the official
announcement, FOREX.com clients express their political views through market
positions by accessing Kalshi’s platform.

Commenting about the partnership, Sixto Alonso,
Regional Director of FOREX.com Americas, said: “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.”

“We consider this partnership to be just the start and plan to develop it further with other event-based promotions for our
clients.”

Kalshi Election Market

Through this partnership, FOREX.com clients reportedly
offer a $20 bonus when accessing Kalshi’s election market, subject to certain
conditions. Kalshi has reportedly witnessed over $100 million in
trading volume in under a month since legalizing election-based event contracts.
FOREX.com plans to roll out additional event-based promotions for its clients
in the future.

“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,” Tarek Mansour, the founder of Kalshi, added.

Expect ongoing updates as this story evolves.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over…

    Best Brokers in Thailand in 2024

    Retail trading has proliferated in popularity across Thailand in 2024 as many new and established investors look to diversify their portfolios. Asset classes such as Forex, commodities, CFDs, and others…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    • November 22, 2024
    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    XAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    XAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    • November 22, 2024
    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    COP29 climate summit draft proposes rich countries pay $250 billion per year

    • November 22, 2024
    COP29 climate summit draft proposes rich countries pay $250 billion per year

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    USDJPY: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    USDJPY: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24