ION says XTP processed more than 1 million Kalshi trades during initial rollout

ION said its XTP platform can automate contract creation, adjudication and settlement for Kalshi event contracts, while also supporting 24/7 processing and real-time trading. The company said the system handled more than 1 million Kalshi trades during its initial rollout over Super Bowl weekend. The update points to XTP’s role as clearing infrastructure tied to Kalshi event contracts, based on the information provided in the source brief. No additional operational details, financial terms or rollout timeline beyond the initial launch period were disclosed in the source.