TL;DR
Kalshi launched Kalshi Pro, a trading terminal aimed at its most active users, those who manage positions across multiple markets simultaneously or need to execute trades quickly during live events. The prediction markets platform announced the launch directly to CNBC, along with a memo detailing the features of the new product.
According to the document, Kalshi Pro is also designed for traders who use resting orders, meaning trades that do not execute until specific prices are reached. The interface offers a continuous feed of all public trades, a more detailed view of each contract’s order books, and a streamlined way to analyze trades involving multi-leg contracts.
The origin of Pro responds to a specific need from the market and its traders: many of the platform’s most active users had developed their own software tools and workflows to manage their positions and gain a competitive edge. Kalshi Pro aims to centralize those functions within its own system and environment. CNBC had reported in June that the company was working on this terminal, and the firm confirmed the development at an event held that same month.
The new terminal also incorporates specific utilities for those trading in the perpetual futures market, colloquially known as “perps“, which the company offers as a standalone product. The new features include professional-grade charts and new tools for managing risk in open positions in that market, according to the memo shared by the platform.
Andy Chang, head of the Kalshi Pro product, noted that the platform’s active traders “already trade prediction markets and perpetuals the way Wall Street trades stocks and bonds“, and that the goal was to give them “the cockpit they deserve“. The product is available to the public, though it remains in beta, and the company has not yet determined whether it will seek to monetize it at some point.
