Quant giant Hudson River Trading has begun trading on Kalshi, joining the wave of Wall Street's push into prediction markets.

BlockBeats news, November 6 - According to Bloomberg, Hudson River Trading, one of Wall Street's largest market makers, has begun trading on the prediction market platform Kalshi, joining a growing number of institutions seeking growth opportunities in the prediction market industry.

According to people familiar with the matter, the New York-based trading firm started trading on Kalshi about a month ago. The sources requested anonymity as the information has not been made public. Hudson River Trading did not respond to a request for comment.

Additionally, the company is also one of the investors participating in Kalshi's latest funding round. Kalshi's funding round reached $1 billion, with a post-money valuation of $40 billion.