Online brokerage eToro considers prediction market expansion via Kalshi, Polymarket

[The Buzz]

On Monday, eToro announced it is evaluating an expansion into event contracts, stating it is currently in talks with prediction market operators Kalshi and Polymarket. This news accompanied the online brokerage's report of strong third-quarter earnings and the announcement of a $150 million share buyback.

eToro shares were up 9 percent in premarket trading as shareholders responded positively to the company's newest report.

From Trading View:

Notably, eToro is in discussions with Kalshi and Polymarket to potentially add event contracts to its platform, according to Assia’s announcement during the Q3 earnings call on Monday.

“We are talking to Kalshi and Polymarket, obviously, the market leaders in prediction markets,” he shared. “And we are excited about exploring the path of our users to be able to trade prediction markets on financial events.”

Assia said eToro’s existing infrastructure, which already supports futures and cryptocurrency products, could be adapted to include event-based trading instruments offered by the two platforms. He expressed optimism that prediction markets focused on financial products and geopolitics create significant value.

Read more here: https://www.tradingview.com/news/fin...h-stalls-at-2/