XP International has entered a partnership with US-regulated prediction market platform Kalshi to offer prediction market access to investors in Brazil.
Under the agreement, Clear clients with an international investment account through XP International will be able to trade contracts tied to the outcomes of real-world events. XP International, part of the XP Inc. group, said the rollout will begin with financial and economic events.
The firms said the product will be offered through XP International’s global investment platform, alongside other instruments such as equities, ETFs, bonds and derivatives.
Kalshi operates in the US as an event contracts exchange under the authority of the Commodity Futures Trading Commission.
XP International said the offering would follow the regulatory structure applied to US-traded financial instruments, including rules covering price formation, settlement and governance.
The firms described prediction markets as derivative instruments that allow participants to take positions on outcomes linked to events such as inflation data, monetary policy decisions and other macroeconomic indicators.
Contract prices are intended to reflect the market’s implied probability of a given outcome in real time.
XP Inc. Director of Financial Products, Lucas Rabechini, said: “Prediction markets introduce a new asset class to the Brazilian market, offering investors one more tool for scenario analysis, positioning and portfolio protection.”
The companies said this is Kalshi’s first strategic partnership with a financial institution outside the US.
XP International added that access will be introduced in line with client suitability checks and regulatory requirements. It also said the contracts are traded directly between participants rather than against a house counterparty.
The initial scope of the partnership is limited to clients using international accounts, with the firms framing the product as an additional instrument for portfolio construction and scenario analysis rather than a replacement for existing assets available through the platform.
In related coverage, Kalshi was one of two prediction market operators to file emergency stay motions in Nevada federal court after the Nevada Gaming Control Board pursued civil enforcement action against it and Polymarket earlier this year.
Kalshi’s Brazil arrangement with XP International is its first partnership with a financial institution outside the US
