Kalshi opens Pro terminal for active prediction-market traders

Kalshi made its Kalshi Pro trading terminal publicly available on Monday, offering a beta product built for users who trade several markets at once or react quickly during live events, the company told CNBC. The rollout is aimed at centralising workflows that many of the platform’s most active traders had been handling with their own software, according to a memo reviewed by CNBC.

The prediction-market operator is positioning Pro as a more advanced interface for traders who need to monitor markets, manage orders and assess contract structures at higher speed. CNBC reported in early June that Kalshi was developing a terminal for its high-end users, and the company later confirmed the project at an event that month.

Kalshi Pro remains in beta testing, according to CNBC, even though it is now open to the public. The company has not said whether it plans to charge for the product later.

Tools for faster trading workflows

The terminal is designed for traders running resting orders, according to the memo. Resting orders are instructions that remain in the market until a specified price is reached, rather than executing immediately.

Kalshi Pro also gives users a continuous view of public trades across the platform, the memo said. That feed is intended to help traders see transaction activity as it occurs, rather than moving between individual markets to track executions.

The product provides a clearer view of order books for individual contracts, according to the memo. An order book shows current buy and sell interest at different prices, giving traders information about where liquidity is available and how the market is priced at a given moment.

Kalshi also added tools for reviewing multi-leg contract trades, CNBC reported. Multi-leg trades combine more than one contract into a single strategy, which can make execution and risk assessment more complex than a standalone position.

Perpetual futures features

The terminal includes functions for Kalshi’s perpetual futures product, often called perps, according to the memo. CNBC reported in May that Kalshi was expanding beyond prediction markets into that trading category.

For perps users, Kalshi Pro will include what the memo described as terminal-grade charting and additional ways to manage risk on positions. The memo did not provide further detail on the risk-management tools.

Andy Chang, Kalshi Pro’s product lead, said in a statement that the company’s active users are already trading prediction markets and perpetuals in a manner comparable with Wall Street activity in equities and bonds. “We built Pro to give them the cockpit they deserve,” Chang said.

CNBC disclosed that it has a commercial relationship with Kalshi, including customer acquisition arrangements and a minority investment.

This story draws on original reporting from CNBC.