Svmuu News: Talos, an institutional crypto trading platform, has integrated with prediction market operator Kalshi, allowing select clients to trade Kalshi’s event contracts and crypto perpetual contracts through their existing digital asset trading infrastructure, without the need for 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 trading. Institutional clients can also execute block trades of Kalshi contracts through their quote platform using participating over-the-counter liquidity providers.
Talos plans to expand its dealer software to brokers and trading platforms later this year, enabling them to offer Kalshi event contracts directly to clients where authorized, and to launch a unified prediction market data feed that standardizes events, trades, order books, open interest, and implied probabilities across multiple platforms.
A CoinGecko report shows that notional trading volume in prediction markets reached $113.8 billion in the second quarter, a 48.7% increase from the previous quarter; nominal trading volume in June reached $52.8 billion, setting a new monthly record. Kalshi’s market share rose from 42.4% in the first quarter to 58.9%, while Polymarket’s fell from 35.8% to 30.2%.