S&P Global is extending its index business into prediction markets through a partnership between S&P Dow Jones Indices and Kalshi, announced on October 26.
Under the agreement, Kalshi will offer event contracts that settle against official index values published by S&P Dow Jones Indices. The companies will also explore indices covering economics, politics, and sports, using market prices to track how expectations change over time.
Partnership Details
The partnership brings together S&P Global's benchmark expertise with Kalshi's prediction market data. Kalshi CEO Tarek Mansour outlined potential applications including indices tracking political power, supply-chain risks, artificial intelligence's impact on employment, sports outcomes affecting broadcasters and advertisers, and weather risks influencing harvests and energy demand.
Each index could combine multiple event contracts into a single indicator, helping businesses and investors monitor changes in expectations across categories of events. The companies have not disclosed specific launch dates, index methodologies, or financial terms of the agreement.
Broader Digital Assets Expansion
The Kalshi partnership follows S&P Global's completion of its acquisition of OpenZeppelin, a company specializing in smart contract security and blockchain infrastructure, also announced on October 26. The acquisition extends S&P Global's risk assessment capabilities into the technology layer underpinning onchain financial products. OpenZeppelin will continue operating as a separate business unit under its existing name.
In September, S&P Dow Jones Indices and crypto market data provider Kaiko consolidated their digital asset index offerings under the S&P Kaiko Digital Asset Indices brand, covering more than 4,000 rates and indices across digital assets at launch.
