Pompliano’s Procap, Kalshi launch prediction market research for investors

April 21 (Reuters) – Crypto entrepreneur Anthony Pompliano’s ProCap Financial said on Tuesday it has partnered with prediction market operator Kalshi to launch a dedicated research offering on prediction markets.

The tie-up comes as prediction markets, once a niche asset class, have moved into the mainstream since the 2024 U.S. presidential race, with trading volumes and user activity rising sharply.

The markets allow users to bet “yes” or “no” on the outcomes of real-world events, from economic indicators to sports results. Proponents say their prices capture market expectations more accurately than traditional polling data.

“We are getting a direct data pipeline from them (Kalshi), and then we are able to go and use our AI agents to look at the prediction market to come up with all kinds of interesting data points,” Pompliano told Reuters.

“Some of them are investment ideas on prediction markets. Some of them are data points that suggest things in the stock market. Some of them are putting together equity data in prediction markets.”

The product will be available through ProCap’s financial research offering, which launched earlier this month.

ProCap’s research spans stocks, thematic trends and macro analysis across sectors and asset classes, and the firm uses AI agents to sift through data and write reports.

“Prediction markets turn uncertainty about real-world events into actionable signals,” Tarek Mansour, co-founder and CEO of Kalshi said in a statement.

“We’re partnering with ProCap Financial to bring wisdom-of-the-crowds intelligence directly to financial research, so both retail and institutional investors can benefit from this data and analysis.”

ProCap said this is the first time Kalshi has provided its data to a financial research provider with paying subscribers.

(Reporting by Arasu Kannagi Basil in Bengaluru and Anirban Sen in New York; Editing by Tasim Zahid)