NinjaTrader Creates AI Role as Kraken-Owned Broker Bets on Prediction Markets

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NinjaTraderGroup has created a new C-suite role built around artificial intelligence (AI)and prediction markets, the futures broker said today (Tuesday). The companyhanded the job to Brian Weis, who until now served as its chief productofficer.Weis takesthe title of chief innovation and AI officer, a seat the firm said did notexist before. His remit covers AI agent development, work on the Model ContextProtocol (MCP), and prediction markets, according to the company.A New Title That Doublesas a Strategy SignalRead on itsown, this is an internal reshuffle. Weis has held senior product roles at NinjaTrader for more than four years.However, whatgives the move weight is the mandate. The three areas Weis will now oversee, AIagents, prediction markets, and the infrastructure linking them, are the samebets NinjaTrader has been placing since crypto exchange Kraken bought it.Krakencompleted its $1.5 billion acquisition ofNinjaTrader inMay 2025, folding the Chicago futures broker into its wider PINC Group.Tuesday's announcement does not mention Kraken at all.Prediction Markets Move tothe CenterNinjaTraderhas spent the past year building toward the exact products Weis is now chargedwith pushing. In March, it launched NinjaTrader Connect, a business-to-business platformthat lets brokers and fintechs offer regulated futures and prediction marketsthrough a single API.That launchlanded as prediction market trading volume reached $44 billion in 2025, pullingbrokers and technology vendors into a fast-filling space. NinjaTrader hasplenty of company there.Devexpertshas rolled out tools that let CFD brokers and prop firms bolt on eventcontracts, while Tradeweb agreed to distribute Kalshi's event data toinstitutional clients. Prime brokers including Clear Street and Marex have beenweighing clearing and executionservices forhedge funds that want the same exposure. WhatNinjaTrader brings to that crowd is a CFTC registration and NFA membership mostrivals would need years to obtain.CEO MartinFranchi tied both hires to the same theme. "AI is going to fundamentallyreshape how people invest and trade," Franchi said, adding that thecompany wants its traders on the right side of that shift.A Jump Trading AlumnusTakes Over ProductThe companyalso named Stephen Yi as chief product officer, the role Weis vacated. Yi joinsfrom digital consultancy Codal, where he was managing director of product andengineering.Before thathe spent more than a decade at Jump Trading, one of the largest high-frequencytrading firms in the United States. "I amexcited to join the industry's top futures trading platform," Yi said,framing the job as a chance to widen retail access to markets.The hirecontinues a run of leadership changes at the firm, which expanded its C-suite as retail interest in futuresclimbed. NinjaTrader says its average user age has fallen from 48 to 38 overfive years.Growth Push Runs AlongsideRegulatory FrictionThe twoappointments cap a busy stretch. NinjaTrader entered prop trading in Octoberwith two dedicated platforms under its NT Technologies arm.In January,it extended retail futures access to EU traders through Kraken'sCyprus-regulated entity, and prop firms have since built retail brokerages onits clearing rails.Thatexpansion has drawn scrutiny. The National Futures Association fined NinjaTrader $250,000 in 2025 over anti-money launderingand supervision failures, and the CFTC penalized its clearing arm more than$900,000 the year before.NinjaTradersays it serves more than 3.5 million traders. It has grown that base since2003, and now runs inside one of the largest crypto exchanges in the world.This article was written by Damian Chmiel at www.financemagnates.com.