Fintech
S&P Dow Jones Indices Licenses Benchmarks for Kalshi Event Contracts
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S&P Dow Jones Indices and Kalshi announced a strategic collaboration on October 26, 2026, that makes Kalshi a preferred prediction market platform licensed for event contracts tied to S&P DJI indices and makes S&P DJI a preferred provider for constructing indices built from Kalshi event contract data. Under the agreement, announced in New York, forthcoming Kalshi event contracts will settle against official index values published by S&P DJI.
The companies characterized the arrangement as a pairing of the world’s leading index provider with the world’s largest prediction market platform. Settling the forthcoming contracts against official S&P DJI index values places them on the reference standard professional markets rely on every day, the announcement said, giving users contracts built on transparent methodologies, quality data, independent calculation and governance, and a name the world’s financial institutions trust. The announcement did not disclose financial terms of the collaboration.
“Kalshi’s aspiration is to be the next great financial exchange,” said Tarek Mansour, co-founder and CEO of Kalshi. “S&P DJI is the gold standard for benchmarks. Bringing that standard to Kalshi is an important step toward accelerating retail and institutional demand.”
Cathy Clay, CEO of S&P Dow Jones Indices, framed the collaboration as an extension of the firm’s benchmark role. “Our collaboration extends S&P DJI’s role as the world’s leading benchmark provider into one of the fastest-growing categories in financial markets,” Clay said. She said robust indices help define markets — what they are, how to measure them, and rules for monitoring their evolution — and that, with benchmarks spanning every major asset class, the firm’s breadth, independence and trust make it the index provider of choice as prediction markets mature.
Indices From Kalshi Event Contract Data
Beyond the licensing arrangement, the collaboration will bring together Kalshi’s market data and S&P DJI’s index expertise to open the door to indices on areas such as economics, politics and sports, built from the underlying markets on Kalshi. Event contracts turn expectations about real-world outcomes into prices, the announcement said, and applying S&P DJI’s index methodologies to Kalshi data will enable the creation of indices that reflect those expectations. The companies said such indices would give market participants a new way to observe and assess signals stemming from prediction markets.
Licensing Terms and Index Disclaimers
The S&P 500 is a product of S&P Dow Jones Indices LLC. “S&P,” “S&P 500,” “The 500” and “US 500” are trademarks of Standard & Poor’s Financial Services LLC, and “Dow Jones” is a trademark of Dow Jones Trademark Holdings LLC, according to the legal terms published with the announcement.
Kalshi’s contracts based on the S&P 500 and other S&P indices are not sponsored, sold or endorsed by S&P DJI. S&P DJI makes no representation regarding the advisability of trading in such contracts and has no liability for any errors, omissions or interruptions of the indices, the published terms state.
The Kalshi agreement follows a separate S&P DJI arrangement announced earlier in October that placed one of its benchmarks inside distributed-ledger infrastructure. On October 13, 2026, S&P DJI announced the completion of the first over-the-counter swap transaction on the Canton Network: a total return swap executed between DRW and Marex on Derivnex, an institutional OTC derivatives platform built on Canton, referencing S&P DJI’s iBoxx USD Liquid Investment Grade Index, which Kaiko tokenized on the network. S&P DJI described the trade as the first OTC derivative to reference a fully tokenized index on distributed ledger infrastructure. Kaiko also distributed the signed official S&P DJI index values that Derivnex uses to value the position throughout its lifecycle, and the trade was represented on Canton as a smart contract designed to give DRW and Marex a shared, synchronized record for managing valuations and other swap lifecycle events. Cameron Drinkwater, chief product operating officer at S&P DJI, said the transaction paired a flagship index with controlled digital distribution, extending the firm’s credit franchise into on-chain finance.
