StoneX Announces Election Trading Partnership Between FOREX.com and Kalshi

Rhea-AI Summary

FOREX.com, the leading forex broker in the US, has announced a partnership with Kalshi, a CFTC-regulated exchange for event outcome trading. The collaboration allows traders to combine forex trading with US Presidential Election outcome trading through Kalshi's platform. FOREX.com clients will receive a $20 bonus when accessing Kalshi's platform for election trading, subject to conditions. The partnership aims to enhance trading experiences and broaden access to political and market events, with plans for future event-based promotions.

Positive

• Partnership with Kalshi expands FOREX.com's service offerings
• $20 bonus incentive for FOREX.com clients trading on Kalshi platform

Negative

• None.

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOREX.com, the number one forex broker in the US*, is delighted to announce a new partnership with Kalshi, the innovative CFTC-regulated exchange for trading on the outcome of future events. 

This partnership enables traders to trade FX markets with the leading forex broker in the US while expressing a view on the US Presidential Election through Kalshi's unique event-based platform. This partnership also incorporates a $20 bonus** for FOREX.com clients accessing the Kalshi platform to trade the US Presidential Election, subject to certain conditions.  

Sixto Alonso, Regional Director of FOREX.com Americas commented, “At FOREX.com, we remain steadfast in our commitment to providing our clients with tools and products that enhance their trading experience and broaden their ability to access political and market events. We consider this partnership to be just the start, and plan to develop it further with other event-based promotions for our clients.” 

Tarek Mansour, founder of Kalshi added, “As the first and largest regulated prediction market, Kalshi's vision is to bring this asset class mainstream. We are excited to partner with FOREX.com to offer election markets to their hundreds of thousands of customers." 

About Kalshi 

Kalshi is the first and largest legal prediction market in the United States. After leading the charge to legalize election-based event contracts, the Kalshi platform has seen over $100 million in trading volume in less than a month. With deep liquidity and large market makers, Kalshi can easily fulfill institutional demand, up to $100 million. 

FOREX.com and StoneX Group Inc. 

FOREX.com is a trading name of StoneX Group Inc. (NASDAQ: SNEX; “StoneX” or the “Company”), a financial services network that connects companies, organizations, traders and investors to the global market ecosystem. StoneX and its over 4,000 employees serve more than 54,000 commercial, institutional, and international payments clients and over 400,000 self-directed accounts from more than 80 offices spread across 6 continents. More information on the company is available at www.stonex.com. 

Please be aware that political events can cause significant market volatility and increase risks. 

For more information, please contact: 

StoneX: stonex@cognitomedia.com 

Kalshi: media@kalshi.com 

For further details and inquiries, please visit: 

StoneX.com

* Based on client assets per the 2023 monthly Retail Forex Obligation reports published by the CFTC 

** To receive the $20 cash bonus, FOREX.com clients must apply and be approved for a Kalshi account and satisfy any other qualification requirements as determined by Kalshi. Please refer to the Kalshi website for details. The $20 bonus is paid by Kalshi in accordance with their terms and conditions. 

FAQ

What is the new partnership between FOREX.com and Kalshi for election trading?

FOREX.com has partnered with Kalshi to allow traders to combine forex trading with US Presidential Election outcome trading, offering a $20 bonus for FOREX.com clients accessing Kalshi's platform.

What benefits do FOREX.com clients get from the Kalshi partnership?

FOREX.com clients receive a $20 bonus when accessing Kalshi's platform for US Presidential Election trading, subject to certain conditions, and gain access to event-based trading capabilities.

How does the FOREX.com and Kalshi partnership affect election trading?

The partnership allows traders to combine traditional forex trading through FOREX.com with election outcome trading through Kalshi's CFTC-regulated event-based platform.