Kalshi partners with S&P Dow Jones Indices to create event-based indices and launch S&P 500 prediction markets.
DeFi & Yields ·
S&P Dow Jones Indices and Kalshi announced a multi-year partnership to create indices composed of Kalshi event contracts and to list prediction markets on S&P DJI benchmarks including the S&P 500 and Dow Jones Industrial Average. The collaboration will enable investors to trade S&P DJI's benchmarks directly on Kalshi's platform, with contracts settling to official S&P DJI data.
Event contracts on Kalshi reflect market expectations about real-world outcomes through pricing mechanisms. S&P DJI will apply its index methodology—establishing rules for component selection, weighting, and rebalancing—to bundle related event contracts into single indicators. Potential indices could cover political outcomes, supply chain disruptions, labor market impacts from AI, sports results with economic consequences, and weather-related business risks.
The partnership aims to extend the structural model that made stock indices foundational to finance—with over $20 trillion benchmarked to the S&P 500 by end of 2024—into event-based markets. Future financial products built on these indices could offer diversified exposure to event risks and hedging mechanisms similar to index funds and derivatives. The full scope of initial indices and launch timeline remain unspecified.