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Kalshi partners with XP to launch event contracts in Brazil

Deals & M&A

Kalshi announced a partnership with Brazilian brokerage XP to offer event contracts linked to economic indicators including inflation and interest rates. The company described the move as its first international expansion; it remains unclear whether it will offer sports markets in Brazil.

Kalshi’s partnership with XP opens a Brazilian channel for economic event contracts, while sports-market availability remains unclear.

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Deals & M&A

Genius Sports raises 2026 revenue outlook above $1bn

Genius Sports raised its 2026 revenue forecast to $1.015bn-$1.035bn and adjusted EBITDA guidance to $287m-$297m, following Q3 partnerships with Kalshi and Polymarket. The company reported Q3 revenue of $269.9m and adjusted EBITDA of $87.1m, while its year-to-date net loss was $147.9m; CEO Mark Locke said the business was benefiting from its combined scale after acquiring Legend.

Genius Sports has lifted its expectations for revenue and EBITDA in 2026. Leadership expects 2026 revenue between $1.015bn and $1.035bn, with adjusted EBITDA between $287m and $297m.

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