Kalshi is expanding beyond the US for the first time through a partnership with Brazilian brokerage XP, Bloomberg reported.
Under the agreement, Kalshi will offer event-based contracts linked to Brazil’s economy, including yes-or-no predictions on inflation and interest rates. The contracts will be available to Kalshi’s existing US users and select Brazilian investors through XP’s brokerage platform.
Kalshi Co-Founder Luana Lopes Lara told Bloomberg that the company chose to expand through an established financial partner rather than entering new markets independently.
“It makes sense for us to go through these international partners,” she said. “They already have the customers, they have the brand.”
