Kalshi Goes Global, Partners With Brazil's Biggest Brokerage
Prediction market Kalshi expands internationally for the first time through a deal with XP, Brazil's largest brokerage.
Kalshi is leaving American soil. The prediction market platform just locked in its first international expansion, teaming up with Brazilian brokerage giant XP Inc. to list event contracts.
XP isn't a small player. The firm is Brazil's largest brokerage, boasting 4.8 million active clients as of December 2025. That's a massive user base suddenly getting access to event contracts — a product category that's been gaining serious traction stateside.
For Kalshi, this is a landmark move. The company has been fighting regulatory battles and building momentum in the U.S. prediction market space. Going international with a partner this size signals real ambition beyond domestic borders.
Brazil makes strategic sense as a first stop. It's Latin America's biggest economy with a growing appetite for alternative financial products. Now Kalshi gets to test whether prediction markets translate globally.