When Troy Dixon first suggested incorporating prediction markets into the electronic trading platform where he works, he was met with incredulity. “People told us we were crazy,” Dixon, Tradeweb’s cohead of global markets, tells WIRED. But after the company announced it was partnering with Kalshi in February, Dixon says, the mood changed dramatically. “We’ve been inundated with calls,” he says. “We have never had this kind of feedback from clients on any other announcement.”
Tradeweb, which is majority-owned by the London Stock Exchange Group, serves the traditional finance world, including institutional investors like pension and mutual funds, banks, hedge funds, and insurance companies. While most of the public debate over
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