Kalshi to launch prediction markets in Brazil through partnership with XP Inc.

Kalshi has announced a new partnership with Brazilian financial services provider XP Inc. to introduce regulated prediction markets to investors in Brazil.

Under the agreement, XP will become the first financial institution in Brazil to offer access to prediction markets, allowing eligible investors to trade event-based contracts through the company’s international investment platform.

The development follows a recent announcement by the B3, which revealed plans to introduce prediction markets after receiving approval from the Brazilian Securities and Exchange Commission.

Luana Lopes Lara, co-founder and COO of Kalshi, said:

As a Brazilian, I couldn’t be more excited for XP to be Kalshi’s first brokerage partner outside the US. XP is one of Brazil’s largest financial institutions; expanding prediction markets to Brazil is an important step in providing more people around the world with access to fair, safe, and regulated markets.

Lucas Rabechini explained that the company aims to broaden investment opportunities for Brazilian clients by introducing financial tools already used in more mature markets. The initiative follows XP’s broader strategy of expanding access to global investment products.

Through XP’s international platform, Brazilian investors already have access to assets such as stocks, ETFs, bonds, and derivatives. The addition of prediction markets will allow them to incorporate event-based contracts into their portfolios.

Both companies noted that the rollout will be gradual, ensuring that access to the new products aligns with investor profiles and regulatory requirements.

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