Have an Opinion on the Future? Trade It. Kalshi.

Kalshi is the first U.S. exchange built specifically for trading on real-world events. It's regulated by the CFTC, the same federal regulator that oversees the CME and ICE. Instead of buying a stock and hoping it reacts to the news, you trade the news itself. Will the Fed cut rates? Where will CPI land? Will Bitcoin close above a key level on Friday? Each question becomes a simple yes-or-no contract you can buy, sell, or hold until the market settles.

What Sets Kalshi Apart

• Trade the Event, Not a Proxy: Kalshi lets you take a position directly on the outcome you have a view on. You don't need options chains, swaps, or other workarounds to get that exposure.
• Simple Yes-or-No Contracts: Every market comes down to one clear question. Contracts trade between 1¢ and 99¢, and the correct side pays out $1.
• Prices That Tell You the Odds: A contract's price is the market's read on how likely the event is. You can see at a glance what traders expect, then decide whether you agree.
• Markets on Nearly Everything: You can trade economics, the Fed, inflation, commodities, crypto, the S&P and Nasdaq, elections, politics, sports, climate, culture, and tech, all from one account.
• Hedge Real-Life Risk: If you're worried about a rate hike, a government shutdown, or rising costs, you can take a position that pays off if the thing you're worried about actually happens.

Tools Built for Active Traders

• Kalshi Pro, Free: Kalshi Pro is a desktop trading terminal with a live market screener, a real-time feed of every public trade, side-by-side market views, and custom saved layouts. It uses the same account and balance as the standard platform.
• Perpetual Futures, Regulated in the U.S.: You can trade leveraged perpetual futures on crypto and metals on a CFTC-regulated exchange.
• Portfolio Margin: Margin is calculated across your whole portfolio, so positions that offset your risk free up buying power automatically.
• Pro-Grade Order Control: You can place orders directly from the chart and set multiple take-profit and stop-loss levels on portions of a single position.
• One Account, One Screen: Predictions, perps, positions, orders, and live P&L all sit together in a single view.

Why Traders Trust Kalshi

• Regulated From Day One: In 2020, Kalshi became the first U.S. exchange for event contracts to be designated a Designated Contract Market by the CFTC.
• A Legal First: In 2024, Kalshi won a federal court ruling and became the first fully regulated U.S. platform in over a century to offer legal election trading.
• Serious Backing: Investors include Sequoia Capital, Y Combinator, SV Angel, Charles Schwab, and Henry Kravis.
• A Straightforward Business Model: Kalshi makes money the way traditional exchanges do, with a small fee on each transaction. It doesn't use payment for order flow or hidden spreads.
• Built by Traders: Founders Tarek Mansour and Luana Lopes Lara met at MIT and came up through Goldman Sachs, Citadel, and Bridgewater.

Frequently Asked Questions

• What is a prediction market?
  A prediction market is an exchange where people trade contracts tied to whether a future event will happen. On Kalshi, each contract's price reflects the market's estimate of that event's probability.
• Is Kalshi legal in the U.S.?
  Yes. Kalshi is a CFTC-regulated exchange, designated as a Designated Contract Market under the Commodity Exchange Act. Some products may not be available in every jurisdiction, so check Kalshi's regulatory page for eligibility in your area.
• How do I get started?
  Create your Kalshi account, fund it, and pick a market. You can trade on the standard app or open Kalshi Pro on desktop for the full terminal experience.

Turn Your Market View Into a Position

You might be positioning ahead of the next Fed meeting, hedging a risk in your own life, or testing your read on the economy against the crowd. Either way, Kalshi gives you a regulated, transparent way to trade the outcomes that move markets.