XP International and Kalshi partner to bring regulated prediction markets to Brazilian investors.

São Paulo, March 9th, 2026 – XP International, a company within the XP Inc. group, today announces a strategic partnership with Kalshi, a U.S.-regulated prediction market platform, to bring prediction markets to Brazilian investors. The initiative positions XP as the first financial institution in Brazil to bring this new asset class to the country, expanding access to financial instruments already established in developed markets.

Through the partnership, Clear clients who hold an international investment account with XP International will gain access to prediction markets, incorporating into their global portfolios an innovative, complementary instrument aligned with leading international regulatory practices.

Prediction markets are a new category of derivative financial instruments that allow investors to take positions on the outcomes of real-world events like economic and financial indicators. With real-time price formation, these contracts reflect the market’s collective forecast, transforming probabilities into clear price signals.

“XP has always aimed to expand access to new ways of investing. Prediction markets introduce a new asset class to the Brazilian market, offering investors one more tool for scenario analysis, positioning, and portfolio protection. We believe this market has high potential to broaden and complement the current investment landscape,” says Lucas Rabechini, Director of Financial Products at XP Inc.

Kalshi is authorized to operate in the United States as an event contracts exchange, with federal authority from the Commodity Futures Trading Commission (CFTC), the regulatory authority for the U.S. derivatives market. Prediction markets follow the same regulatory framework applied to other financial assets traded in the U.S., such as equities, bonds, and traditional derivatives, with clear rules for price formation, settlement, and governance.

This is Kalshi’s first strategic partnership with a financial institution outside the U.S., demonstrating XP’s role as a leader in introducing innovative financial solutions. 

“As a Brazilian, I couldn’t be more excited for XP to be Kalshi’s first brokerage partner outside the U.S. XP is one of Brazil’s largest financial institutions; expanding prediction markets to Brazil is an important step in providing more people around the world with access to fair, safe, and regulated markets,” says Luana Lopes Lara, co-founder and COO of Kalshi.

Since its founding, XP has played a central role in transforming the Brazilian financial market, leading innovation that has expanded access to products, technologies, and investment models previously available only to a few.

With the partnership between XP International and Kalshi, the company reinforces this trajectory by introducing a new asset class in Brazil, joining equities, ETFs, bonds, and derivatives already available on XP’s international platform, and strengthening the construction of more diversified, informed, and efficient global portfolios.

The partnership between XP International and Kalshi expands investors’ access to a new instrument for analyzing scenarios and trends, traded directly between market participants without a “house” counterparty. Available to Clear clients with an international account, the solution enhances the product offering with a fully integrated digital experience.

Initially, the focus will be on financial and economic events, given their potential to increase pricing efficiency and improve market information quality. Access will be provided with diligence, aligned with client profiles and regulatory requirements, reinforcing XP’s commitment to financial education, governance, and offering legitimate instruments to help investors make better decisions.

“We are bringing this instrument to help our clients invest better, with more alternatives for exposure to relevant economic events. Just as we democratized access to the stock exchange in the past, we are now taking another step by introducing a market model already used in advanced economies, always with responsibility, education, and governance,” adds Lucas Rabechini.

Prediction markets are financial exchanges where participants trade contracts tied to the outcomes of real-world events, such as economic indicators, inflation data, monetary policy decisions, and other macroeconomic events.

The prices of these contracts reflect, in real time, the aggregated probability the market assigns to a given scenario. In practice, they function as a “thermometer” of participants’ expectations, transforming the so-called “wisdom of the crowds” into objective price signals that can be used by investors, corporations, and other market participants.

This type of instrument complements other assets available on international markets—such as equities, bonds, ETFs, and financial derivatives—expanding allocation possibilities within a global portfolio.

XP Inc. is one of the largest independent financial institutions in Brazil, owner of the brands XP, Rico, Clear, XP Educação, InfoMoney, among others. XP Inc. serves more than 4.7 million active clients and manages R$ 1.8 trillion in assets. For 24 years, the company has been transforming the Brazilian financial market to improve people’s lives. XP Inc. pioneered the market with its network of investment advisors, now the largest in the country, with more than 18,200 professionals. For more information, visit https://www.xpinc.com.

Founded in 2018, Kalshi is the largest prediction market in the world, offering financial markets on the outcomes of real-world events such as elections, awards, sports, and more. Kalshi is the industry’s leader and pioneer, widely recognized for legally enabling prediction markets and building a safe, legal, and regulated platform for millions of traders in the United States. For more information, visit www.kalshi.com.

XP Inc. 
Fernando Rubino
[email protected]

Kalshi
Elisabeth Diana
[email protected]

Legal Notice

This material was prepared and made available by Clear, a brand of XP Investimentos CCTVM S.A. (“XP CCTVM”), solely for the purpose of disclosing the possibility of accessing brokerage services offered by XP Investments US, LLC (“XP International”). XP International is a U.S.-registered broker dealer and a member of FINRA and NFA, subject to U.S. regulatory obligations. XP CCTVM in Brazil, through its “XP” and “Clear” brands, merely provides access to XP International’s brokerage services to investors in Brazil. Nothing herein should be considered investment advice, or tax, legal, accounting, or any other form of advice.