Talos Integrates Kalshi; Q2 Predictive Market Volume Reaches $113.8B

Odaily Planet Daily News: The institutional crypto trading platform Talos has integrated with the prediction market operator Kalshi, allowing select clients to trade Kalshi’s event contracts and crypto perpetuals through their existing digital asset trading infrastructure without requiring a separate connection. Talos will offer algorithmic order types such as Iceberg, TWAP, and POV, as well as multi-leg execution for perpetual-to-perpetual and perpetual-to-spot spread trades. Institutional clients can also execute large-volume Kalshi contract trades via its request-for-quote platform using participating over-the-counter liquidity providers. Talos plans to expand its trader software to brokers and trading platforms later this year, enabling approved clients to directly offer Kalshi event contracts to their customers, and to launch a unified prediction market data feed that standardizes events, trades, order books, open interest, and implied probabilities across multiple platforms. According to CoinGecko, the notional trading volume of prediction markets reached $113.8 billion in Q2, up 48.7% quarter-over-quarter; June notional trading volume hit $52.8 billion, a monthly record. Kalshi’s market share rose from 42.4% in Q1 to 58.9%, while Polymarket’s share declined from 35.8% to 30.2%.