Kalshi Teams Up With Brazil’s XP for First International Push

Prediction market platform Kalshi Inc. is expanding outside the US for the first time, partnering with Brazil’s XP Inc. to list event contracts.

Kalshi will start offering yes-or-no contracts tied to Brazil’s economy, on events such as changing inflation and interest rates in the country, co-founder Luana Lopes Lara said. Those contracts will be available for Kalshi’s US investors and select XP users in Brazil, according to executives.

“It makes sense for us to go through these international partners,” said Lopes Lara, who is from Brazil. “They already have the customers, they have the brand.”

Kalshi said last year ...