Kalshi launched a new professional trading platform Monday aimed at users who follow multiple prediction markets at once or need more advanced tools for handling open orders and leveraged positions.
Kalshi Pro is a browser-based interface connected to a user’s existing Kalshi account. It provides another way to access the exchange’s prediction markets and perpetual futures without creating a separate login.
“Our most active traders are already trading prediction markets and perpetuals like Wall Street trades equities and bonds,” Andy Chang, product lead for Kalshi Pro, said in a news release. “We built Pro to give them the cockpit they deserve.”
The product is publicly available in beta as of Monday. Kalshi said access is currently free but did not say whether it might introduce fees later.
Kalshi targets frequent traders
The new platform is designed for traders who monitor several contracts simultaneously, react quickly to developments during live events or leave multiple orders open at predetermined prices.
Some of Kalshi’s most active customers have already developed their own software and trading setups to manage those tasks, according to CNBC. Kalshi Pro brings many of those functions into an interface maintained by the exchange.
A feature called Canvas allows users to arrange several markets, charts, order books and trading controls within a single workspace. Traders can save different layouts depending on the events or strategies they are following.
An image of Canvas included in the news release shows several charts, order books, prediction markets and perps positions displayed at once in a dense, multi-panel workspace.
Kalshi also added tools for handling large numbers of open orders. Users can sort their orders, change prices without opening separate market pages and cancel or modify several orders at once. Orders can also be moved to different prices directly from the order book.
The interface is more similar to an advanced brokerage or cryptocurrency trading platform than the simplified pages used by many retail prediction market customers.
Market screener covers about 2,000 markets
Kalshi Pro includes a discovery tool that can sort approximately 2,000 markets using factors such as recent trading activity, contract prices, bid-ask spreads and available liquidity.
Another panel displays transactions taking place across the exchange, giving users a live view of where trading activity is concentrated. The platform also provides more detailed order book information and tools for examining combo trades involving several related contracts or outcomes.
Those features may be particularly useful in sports, election and other markets tied to fast-moving developments, where prices across related contracts can change at the same time.
Perps traders get additional controls
Kalshi Pro also includes a dedicated interface for the company’s perpetual futures, or perps. Perpetual futures allow traders to maintain leveraged exposure to an asset without a set expiration date. Kalshi began offering federally regulated perps earlier this year as it expanded beyond event contracts.
The new interface incorporates TradingView’s interactive charting tools, which allow users to adjust time periods, study price movements and add technical indicators. Traders can also choose how much leverage to use and whether to isolate collateral to one position or make a larger pool of account funds available to support multiple positions.
Other risk-management tools allow users to automatically close a position when it reaches a chosen profit or loss level, reduce an existing position without accidentally increasing it and limit how far an execution price can move from the price shown when an order is submitted. The platform also warns traders when losses bring a leveraged position closer to liquidation.
Kalshi has increasingly sought to position itself as more than a consumer prediction market app, adding products and tools that more closely resemble those offered by established futures and cryptocurrency exchanges.
CNBC first reported in June that Kalshi was developing the professional terminal and testing it with a limited group of users. Kalshi opened the beta to the public Monday.
