Kalshi Pushes Past Predictions With Professional Trading Tools

Prediction market Kalshi has launched Kalshi Pro, which it calls a “professional-grade” desktop trading workstation.

The new tool runs on the same account, balance and exchange as the regular Kalshi app, but with professional trading tools for “advanced” activity, such as people trading dozens of markets at the same time, the company said in its announcement Monday (July 13).

“Our most active traders are already trading prediction markets and perpetuals like Wall Street trades equities and bonds,” said Andy Chang, product lead for Kalshi Pro. “We built Pro to give them the cockpit they deserve.”

Kalshi called the move the latest step in its evolution from a retail app for prediction market trading into a full-service financial exchange for all varieties of investors. While the company has long had the licenses and regulations of a traditional financial exchange, it has not until now been able to offer professional users advanced trading features.

“Kalshi Pro changes this, adding the front-end infrastructure that traditional exchanges and brokerages have long offered their most active users, directly into Kalshi’s own platform,” the announcement added.

Among the new features is the ability for traders to scan roughly 2,000 markets in real time, arranged according to price, spread, depth and rolling five-minute volume, with a “continuous trade tape” showing the “pulse of the exchange” as it occurs.

The launch comes as the prediction market space continues to expand beyond event-related bets to the larger financial world.

As covered here last week, Kalshi is reportedly in advanced talks with regulators about expanding its perpetual futures business beyond cryptocurrencies into precious metals, foreign exchange and energy trades.

Rival Polymarket, meanwhile, has reportedly applied for permissions that would help it offer margin trading to U.S. customers.

“The event contract services business is evolving from predicting discrete events to trading continuous exposure to economically important assets,” PYMNTS wrote. “That transition is occurring just as the industry’s regulatory position is becoming more complicated.”

For example, a federal judge recently quashed Kalshi’s attempt to prevent New York from applying state gambling laws to its sports contracts. And the Chicago Mercantile Exchange sued the Commodity Futures Trading Commission and its chairman Michael Selig last month, challenging a decision to allow Kalshi and crypto exchange Coinbase to list perpetual futures.

“The result is a market in which product demand may be the easy part,” PYMNTS added. “The harder question is whether prediction platforms can develop a compliance system broad enough to support everything from television finales to leveraged commodity trades.”