On March 24, 2026, Kalshi, the leading federally regulated prediction market in the United States, announced a landmark infrastructure partnership with the global financial technology leader FIS (Fidelity National Information Services). This collaboration centers on the launch of “FIS CD Prediction Clearing,” a first-of-its-kind solution designed to provide 24/7 post-trade clearing and settlement specifically for the regulated prediction market industry. As these markets transition from niche political forecasting into a mainstream financial asset class, the traditional “batch-based” clearing processes of legacy finance have become a significant bottleneck. The FIS-Kalshi partnership addresses this by implementing a cloud-native architecture capable of handling millions of transactions per day with real-time risk updates. Andy Ross, Head of Institutional at Kalshi, emphasized that the market is currently at an “inflection point,” noting that the appetite from both retail and institutional participants is unlike anything seen before. By integrating Kalshi’s exchange data with FIS’s decades of cleared derivatives expertise, the two firms are building the “hardened” foundation required to unlock the next wave of global participation in event-based trading.
Bridging the Gap Between Fast-Moving Markets and Legacy Infrastructure
The core technical innovation of the FIS CD Prediction Clearing solution is its ability to replace fragmented, siloed back-office functions with a unified, real-time processing engine. In the 2026 fiscal year, prediction markets are no longer restricted to 9-to-5 trading hours, necessitating a 24/7 clearing cycle that can keep pace with the non-stop nature of global events. Andrés Choussy, Head of Capital Markets at FIS, noted that legacy systems were never designed to deliver this level of scale or round-the-clock availability. The new solution is fully integrated into the FIS Cleared Derivatives suite, allowing existing Futures Commission Merchants (FCMs) to enter the prediction market space with confidence, knowing they have the tools to manage margin requirements and counterparty risk in real-time. This “infrastructure-as-a-service” model effectively lowers the barrier to entry for Wall Street firms, providing them with a familiar, regulated bridge into the high-growth world of event contracts. By providing a scalable middle and back-office framework, FIS and Kalshi are ensuring that the market’s “plumbing” is just as advanced as the predictive algorithms used by the traders themselves.
Scaling for 2030 and the Future of Regulated Event Trading
The partnership arrives amid projections that the prediction market category will grow five-fold by 2030, driven by increased demand for hedging against geopolitical, environmental, and economic risks. Kalshi’s move to partner with a multi-billion-dollar fintech incumbent like FIS signals its intention to remain the “gold standard” for regulated event trading in the face of rising competition from offshore and decentralized alternatives. Furthermore, the collaboration follows Kalshi’s recent implementation of “insider trading” protections for politicians and athletes, a move designed to align the platform with the proposed 2026 federal oversight standards. For the 2026 investor, the FIS-Kalshi alliance represents the “institutionalization” of prediction markets, where the efficiency of fintech innovation meets the rigorous compliance of the traditional derivatives world. As more institutional liquidity flows into these markets, the focus will shift toward how real-time clearing can improve price discovery for complex, high-stakes outcomes. The success of this partnership will likely serve as the definitive blueprint for how all regulated digital asset exchanges must evolve to survive in an era of constant, high-velocity global trade.
