# Table of Contents - [Kalshi Help Center](#kalshi-help-center) - [Kalshi 101 | Kalshi Help Center](#kalshi-101-kalshi-help-center) - [How is Kalshi regulated? | Kalshi Help Center](#how-is-kalshi-regulated-kalshi-help-center) - [What is Kalshi? | Kalshi Help Center](#what-is-kalshi-kalshi-help-center) - [How does Kalshi make money? | Kalshi Help Center](#how-does-kalshi-make-money-kalshi-help-center) - [What are prediction markets? | Kalshi Help Center](#what-are-prediction-markets-kalshi-help-center) - [What is Kalshi's mission? | Kalshi Help Center](#what-is-kalshi-s-mission-kalshi-help-center) - [Account | Kalshi Help Center](#account-kalshi-help-center) - [How is data stored? | Kalshi Help Center](#how-is-data-stored-kalshi-help-center) - [Why Kalshi contracts over other asset classes? | Kalshi Help Center](#why-kalshi-contracts-over-other-asset-classes-kalshi-help-center) - [What is Kalshi Klear? | Kalshi Help Center](#what-is-kalshi-klear-kalshi-help-center) - [Signing Up as an Individual | Kalshi Help Center](#signing-up-as-an-individual-kalshi-help-center) - [Signing Up | Kalshi Help Center](#signing-up-kalshi-help-center) - [Sign-up Under Review | Kalshi Help Center](#sign-up-under-review-kalshi-help-center) - [Logging In | Kalshi Help Center](#logging-in-kalshi-help-center) - [Signing Up as an Entity | Kalshi Help Center](#signing-up-as-an-entity-kalshi-help-center) - [Can finance professionals trade on Kalshi? | Kalshi Help Center](#can-finance-professionals-trade-on-kalshi-kalshi-help-center) - [Duplicate Accounts | Kalshi Help Center](#duplicate-accounts-kalshi-help-center) - [Information Needed | Kalshi Help Center](#information-needed-kalshi-help-center) - [Kalshi Ideas Profile | Kalshi Help Center](#kalshi-ideas-profile-kalshi-help-center) - [Email and Phone Verification | Kalshi Help Center](#email-and-phone-verification-kalshi-help-center) - [Deposit Funds | Kalshi Help Center](#deposit-funds-kalshi-help-center) - [Forgot / Change Password | Kalshi Help Center](#forgot-change-password-kalshi-help-center) - [Editing Your Info | Kalshi Help Center](#editing-your-info-kalshi-help-center) - [Transfer Funds | Kalshi Help Center](#transfer-funds-kalshi-help-center) - [Deactivating / Reactivating | Kalshi Help Center](#deactivating-reactivating-kalshi-help-center) - [2FA / Verification Codes | Kalshi Help Center](#2fa-verification-codes-kalshi-help-center) - [Demo Account | Kalshi Help Center](#demo-account-kalshi-help-center) - [Linking Accounts | Kalshi Help Center](#linking-accounts-kalshi-help-center) - [Responsible Trading Hub | Kalshi Help Center](#responsible-trading-hub-kalshi-help-center) - [Referral FAQs | Kalshi Help Center](#referral-faqs-kalshi-help-center) - [Link a Crypto Wallet | Kalshi Help Center](#link-a-crypto-wallet-kalshi-help-center) - [Trading Break | Kalshi Help Center](#trading-break-kalshi-help-center) - [Voluntary Self-Exclusion | Kalshi Help Center](#voluntary-self-exclusion-kalshi-help-center) - [Link a Debit Card | Kalshi Help Center](#link-a-debit-card-kalshi-help-center) - [Personalized Funding Cap | Kalshi Help Center](#personalized-funding-cap-kalshi-help-center) - [Debit Card Withdrawals | Kalshi Help Center](#debit-card-withdrawals-kalshi-help-center) - [Link a Bank Account | Kalshi Help Center](#link-a-bank-account-kalshi-help-center) - [Withdraw Funds | Kalshi Help Center](#withdraw-funds-kalshi-help-center) - [Debit Card Deposits | Kalshi Help Center](#debit-card-deposits-kalshi-help-center) - [Order Types | Kalshi Help Center](#order-types-kalshi-help-center) - [Transfers FAQ | Kalshi Help Center](#transfers-faq-kalshi-help-center) - [Crypto Withdrawals | Kalshi Help Center](#crypto-withdrawals-kalshi-help-center) - [Trading | Kalshi Help Center](#trading-kalshi-help-center) - [Crypto Deposits | Kalshi Help Center](#crypto-deposits-kalshi-help-center) - [Wire Deposits | Kalshi Help Center](#wire-deposits-kalshi-help-center) - [Security Holds | Kalshi Help Center](#security-holds-kalshi-help-center) - [Bank Withdrawals | Kalshi Help Center](#bank-withdrawals-kalshi-help-center) - [Markets | Kalshi Help Center](#markets-kalshi-help-center) - [Bank Deposits | Kalshi Help Center](#bank-deposits-kalshi-help-center) - [Quick Orders | Kalshi Help Center](#quick-orders-kalshi-help-center) - [Limit Orders | Kalshi Help Center](#limit-orders-kalshi-help-center) - [Quick Order Purchase | Kalshi Help Center](#quick-order-purchase-kalshi-help-center) - [Collateral Return | Kalshi Help Center](#collateral-return-kalshi-help-center) - [Buying Positions | Kalshi Help Center](#buying-positions-kalshi-help-center) - [Limit Order Purchase | Kalshi Help Center](#limit-order-purchase-kalshi-help-center) - [Flip Selling | Kalshi Help Center](#flip-selling-kalshi-help-center) - [Limit Order Sale | Kalshi Help Center](#limit-order-sale-kalshi-help-center) - [What are trading hours? | Kalshi Help Center](#what-are-trading-hours-kalshi-help-center) - [Selling Positions | Kalshi Help Center](#selling-positions-kalshi-help-center) - [Fees | Kalshi Help Center](#fees-kalshi-help-center) - [Tax Info | Kalshi Help Center](#tax-info-kalshi-help-center) - [Who are you trading with? | Kalshi Help Center](#who-are-you-trading-with-kalshi-help-center) - [Advanced Options | Kalshi Help Center](#advanced-options-kalshi-help-center) - [Contact Kalshi Support | Kalshi Help Center](#contact-kalshi-support-kalshi-help-center) - [Request to Settle Market | Kalshi Help Center](#request-to-settle-market-kalshi-help-center) - [Documents and Taxes | Kalshi Help Center](#documents-and-taxes-kalshi-help-center) - [Kalshi Ideas | Kalshi Help Center](#kalshi-ideas-kalshi-help-center) - [Leaderboard | Kalshi Help Center](#leaderboard-kalshi-help-center) - [Cash | Kalshi Help Center](#cash-kalshi-help-center) - [Navigating the Exchange | Kalshi Help Center](#navigating-the-exchange-kalshi-help-center) - [Kalshi API | Kalshi Help Center](#kalshi-api-kalshi-help-center) - [Buying Yes vs Selling No | Kalshi Help Center](#buying-yes-vs-selling-no-kalshi-help-center) - [Connect with Us | Kalshi Help Center](#connect-with-us-kalshi-help-center) - [Quick Order Sale | Kalshi Help Center](#quick-order-sale-kalshi-help-center) - [APY on Kalshi | Kalshi Help Center](#apy-on-kalshi-kalshi-help-center) - [Markets 101 | Kalshi Help Center](#markets-101-kalshi-help-center) - [Incentive Programs | Kalshi Help Center](#incentive-programs-kalshi-help-center) - [Bug Bounty Programs | Kalshi Help Center](#bug-bounty-programs-kalshi-help-center) - [App and Website Bug Bounty Program | Kalshi Help Center](#app-and-website-bug-bounty-program-kalshi-help-center) - [Kalshi Merch | Kalshi Help Center](#kalshi-merch-kalshi-help-center) - [The Orderbook | Kalshi Help Center](#the-orderbook-kalshi-help-center) - [Your Portfolio | Kalshi Help Center](#your-portfolio-kalshi-help-center) - [Finding Markets | Kalshi Help Center](#finding-markets-kalshi-help-center) - [Market Bug Bounty Program | Kalshi Help Center](#market-bug-bounty-program-kalshi-help-center) - [Weather Markets | Kalshi Help Center](#weather-markets-kalshi-help-center) - [Portfolio | Kalshi Help Center](#portfolio-kalshi-help-center) - [Trading History | Kalshi Help Center](#trading-history-kalshi-help-center) - [Market Outcomes | Kalshi Help Center](#market-outcomes-kalshi-help-center) - [The Different Graphs | Kalshi Help Center](#the-different-graphs-kalshi-help-center) - [Timeline and Payout | Kalshi Help Center](#timeline-and-payout-kalshi-help-center) - [Request Additional Strikes | Kalshi Help Center](#request-additional-strikes-kalshi-help-center) - [Suggesting a New Market | Kalshi Help Center](#suggesting-a-new-market-kalshi-help-center) - [Popular Markets | Kalshi Help Center](#popular-markets-kalshi-help-center) - [How are prices determined? | Kalshi Help Center](#how-are-prices-determined-kalshi-help-center) - [Additional Details | Kalshi Help Center](#additional-details-kalshi-help-center) - [Rules Summary | Kalshi Help Center](#rules-summary-kalshi-help-center) - [Market Rules | Kalshi Help Center](#market-rules-kalshi-help-center) - [Spotify Markets | Kalshi Help Center](#spotify-markets-kalshi-help-center) - [Netflix Markets | Kalshi Help Center](#netflix-markets-kalshi-help-center) - [Combos | Kalshi Help Center](#combos-kalshi-help-center) - [Crypto Markets | Kalshi Help Center](#crypto-markets-kalshi-help-center) - [Volume Incentive Program | Kalshi Help Center](#volume-incentive-program-kalshi-help-center) - [Odds Graph | Kalshi Help Center](#odds-graph-kalshi-help-center) - [Liquidity Incentive Program | Kalshi Help Center](#liquidity-incentive-program-kalshi-help-center) - [Top App Markets | Kalshi Help Center](#top-app-markets-kalshi-help-center) - [Forecast Graph | Kalshi Help Center](#forecast-graph-kalshi-help-center) - [Live Data Graphs | Kalshi Help Center](#live-data-graphs-kalshi-help-center) - [Market FAQs | Kalshi Help Center](#market-faqs-kalshi-help-center) - [Market Maker Program | Kalshi Help Center](#market-maker-program-kalshi-help-center) - [Email Protection | Cloudflare](#email-protection-cloudflare) --- # Kalshi Help Center [infoKalshi 101chevron-right](https://help.kalshi.com/kalshi-101) [userAccountchevron-right](https://help.kalshi.com/account) [money-bill-transferTransfer Fundschevron-right](https://help.kalshi.com/transfer-funds) [display-chart-upTradingchevron-right](https://help.kalshi.com/trading) [booksMarketschevron-right](https://help.kalshi.com/markets) [desktopNavigating the Exchangechevron-right](https://help.kalshi.com/navigating-the-exchange) [file-linesDocuments and Taxeschevron-right](https://help.kalshi.com/documents-and-taxes) [user-bounty-hunterBug Bounty Programschevron-right](https://help.kalshi.com/bug-bounty-programs) [code-simpleKalshi APIchevron-right](https://help.kalshi.com/kalshi-api) [share-nodesConnect with Uschevron-right](https://help.kalshi.com/connect-with-us) [user-helmet-safetyContact Kalshi Supportchevron-right](https://help.kalshi.com/contact-kalshi-support) [shirtKalshi Merchchevron-right](https://help.kalshi.com/kalshi-merch) Last updated 1 day ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Kalshi 101 | Kalshi Help Center [infoWhat is Kalshi?chevron-right](https://help.kalshi.com/kalshi-101/what-is-kalshi) [bullseye-arrowWhat is Kalshi's mission?chevron-right](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission) [key-skeletonHow is Kalshi regulated?chevron-right](https://help.kalshi.com/kalshi-101/how-is-kalshi-regulated) [display-chart-upWhat are prediction markets?chevron-right](https://help.kalshi.com/kalshi-101/what-are-prediction-markets) [chart-pie-simple-circle-dollarHow does Kalshi make money?chevron-right](https://help.kalshi.com/kalshi-101/how-does-kalshi-make-money) [binary-circle-checkHow is data stored?chevron-right](https://help.kalshi.com/kalshi-101/how-is-data-stored) [scale-unbalancedWhy Kalshi contracts over other asset classes?chevron-right](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes) [houseWhat is Kalshi Klear?chevron-right](https://help.kalshi.com/kalshi-101/what-is-kalshi-klear) Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # How is Kalshi regulated? | Kalshi Help Center Kalshi is regulated by the Commodity Futures Trading Commission (CFTC) – an independent agency of the US government that has regulated US derivatives markets since 1974 and is overseen by Congress. Kalshi is regulated as a Designated Contract Market (DCM), which is a financial exchange designated to trade futures, swaps, and/or options on commodities. You can read more about our regulatory filings, rulings, and listings on our [regulatory pagearrow-up-right](https://kalshi.com/regulatory/rulebook) , or find more FAQs in the Regulation section. ### [hashtag](https://help.kalshi.com/kalshi-101/how-is-kalshi-regulated#why-regulation-matters) Why Regulation Matters Regulation is crucial for several reasons, especially in the financial sector. Being regulated by the Commodity Futures Trading Commission (CFTC) provides our users with numerous benefits and protections: * **Transparency:** Regulation ensures that Kalshi operates with a high level of transparency. Users have access to accurate information to make informed decisions. * **Integrity:** Our status as a Designated Contract Market (DCM) underlines our commitment to maintaining the integrity of our trading platform, and ensuring fair and orderly markets. * **Security:** Regulation offers a framework for the security of transactions and safeguards against fraud and manipulation, protecting your investments. * **Trust:** Regulatory oversight by a reputable body like the CFTC fosters trust among users, which is foundational in financial exchanges. Understanding that Kalshi is regulated by a US Federal regulatory authority helps reassure users that they are engaging with a platform that adheres to the highest standards of operation and accountability. Last updated 3 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # What is Kalshi? | Kalshi Help Center ### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshi#kalshi-democratizing-finance-through-innovation) Kalshi: Democratizing Finance Through Innovation At Kalshi, we're not just creating a platform; we're revolutionizing the way people interact with the financial world. Our mission transcends the conventional - it's about empowering you, the everyday individual, with the tools to not only voice your opinions but to capitalize on them. Imagine transforming your insights and predictions about the future into tangible assets. That's the reality we're offering at Kalshi. #### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshi#an-unprecedented-asset-class-event-contracts) An Unprecedented Asset Class: Event Contracts We've pioneered a new asset class that's as innovative as it is intuitive: event contracts. This isn't your ordinary trading platform; it's an arena where you can engage with events that resonate on a personal level. Whether it's predicting the Federal Reserve's next move or forecasting technological breakthroughs, Kalshi places the power of prediction directly in your hands. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F4yAb8JSJY3VsosegwKmK%252FScreenshot%25202025-02-25%2520at%252010.13.33%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3D21f32026-eef3-49a2-9112-a03928e1edf3&width=768&dpr=4&quality=100&sign=d8537b10&sv=2) #### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshi#leveling-the-playing-field) Leveling the Playing Field For too long, the realm of sophisticated trading strategies and hedging against market risks was reserved for the big banks and institutional investors. Kalshi is changing the game. We're breaking down the barriers that once separated the average person from the world of high finance. Now, you have the ability to make the same smart trades and strategic investments that were once the exclusive domain of the financial elite. #### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshi#a-marketplace-of-ideas) A Marketplace of Ideas Imagine a stock exchange, but instead of stocks and bonds, it's the events and phenomena that truly matter to you. This is the essence of Kalshi. We're not just another trading platform; we're an exchange for the real world, where the commodities are the outcomes of events you're genuinely interested in. From climate change initiatives to geopolitical developments, if it's making headlines, it's likely on Kalshi. #### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshi#the-power-of-yes-and-no) The Power of Yes & No Trading on Kalshi is distilled into the simplest yet most profound decision: Yes or No. Will an event happen, or won't it? This binary approach democratizes trading, making it accessible to anyone, regardless of experience. Each Yes/No share you buy is a testament to your belief and an opportunity to profit from your foresight. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FNf1HaTybs60e6O2PUQ6S%252FScreenshot%25202025-02-25%2520at%252010.15.14%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3D6c2107cd-509a-4f37-8be2-f0bb2db922e9&width=768&dpr=4&quality=100&sign=f38800f6&sv=2) #### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshi#our-commitment) Our Commitment As we venture forward, our commitment remains unwavering: to offer an inclusive, transparent, and revolutionary trading experience. At Kalshi, we're not just witnessing the future of finance; we're actively building it, one event contract at a time. Join us, and be part of a community that values predictions, profits from insight, and believes in the democratization of finance. Together, we're not just trading; we're setting the stage for a new era in financial empowerment. This is your chance to trade on the events that shape our world—with Kalshi, your opinions have never been more valuable. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # How does Kalshi make money? | Kalshi Help Center Kalshi operates as a neutral exchange platform, emphasizing its impartiality in event outcomes. Unlike traditional betting platforms or entities with vested interests, Kalshi does not possess any financial stake in whether the event outcomes swing in one direction or another. This neutrality ensures that all transactions are conducted with transparency and fairness, maintaining the integrity of the exchange. The primary objective of Kalshi is to facilitate accurate and efficient markets in compliance with established rules and guidelines. The exchange's revenue model revolves around transaction fees rather than bets on specific outcomes, reinforcing their commitment to unbiased operations. By aligning its interests with providing a fair platform, Kalshi ensures that its users participate in a reliable and trustworthy marketplace. Kalshi makes money by charging a transaction fee on the expected earnings of the contract. The complete Fee Schedule and the math behind the fees are posted at the bottom of our website - or you can find the link [herearrow-up-right](https://kalshi.com/docs/kalshi-fee-schedule.pdf) . Kalshi prides itself on offering very low and competitive transaction fees, ensuring our users get the maximum value from each contract. Our nominal fees are recognized as lower than industry standards, providing cost-effective access while ensuring exceptional security and reliability. Last updated 3 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # What are prediction markets? | Kalshi Help Center Kalshi is the first regulated exchange where you can buy and sell contracts on the outcome of events. Contract prices reflect the view of traders as to the chances of the event happening. Each contract is worth $1 if you're right. The NYSE and Kalshi both deal in markets, but with a key difference: what's being traded. The NYSE is a traditional stock exchange where you buy and sell shares of ownership in companies. Kalshi, on the other hand, is a prediction market. Here, you trade contracts based on whether specific events will happen, like "Will interest rates rise in the next quarter?" Think of it like predicting the future, with the price of the contracts reflecting the collective prediction of the market participants. This allows Kalshi to tap into a wider range of possibilities than just company performance. ### [hashtag](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#expansive-trading-opportunities-on-kalshi) Expansive Trading Opportunities on Kalshi Kalshi stands out as a pioneering platform that goes beyond traditional financial markets, offering its traders the ability to engage with a broad and diverse range of trading topics. This includes everything from the fluctuating spheres of entertainment and culture to the more predictable metrics of company performance, not to mention the uncertain outcomes of legal and political arenas. Here's a closer look at the variety of options available: ### [hashtag](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#elections-legal-and-political-outcomes) Elections, Legal and Political Outcomes Elections, Legal battles and political decisions can have far-reaching impacts on society and the economy. Kalshi gives users the ability to engage with these outcomes through a trading lens, including: * **Elections**: Elections, can significantly impact markets as they influence policy decisions, regulatory changes, and investor confidence. * **High-Profile Court Cases**: Such as the implications of the Biden administration's actions on free speech or the potential forced divestiture of companies like TikTok * **Legislative and Regulatory Changes**: Predictions on new laws, regulations, and their implications for industries and the broader society ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252F1NNwGyIwDX2dcYJo0GlS%252FElections-Gitbook.png%3Falt%3Dmedia%26token%3D5d6ab4dd-032f-4097-96a4-48e42263def6&width=768&dpr=4&quality=100&sign=5b10a6c2&sv=2) ### [hashtag](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#cultural-and-entertainment-predictions) Cultural and Entertainment Predictions For those with a keen interest in the entertainment industry, Kalshi offers a unique chance to forecast and take positions on significant cultural events. Whether you're predicting which movie will snag the Oscar for Best Picture, which artist will dominate the Grammy Awards, or which song will climb to the top of the Billboard Hot 100, Kalshi turns your insights into potential profits. * **Awards Shows**: Oscars, Grammys, Emmys * **Music Charts**: Predict the next Billboard Hot 100 leader * **Rotten Tomatoes Scores**: Trade on how critics view movies and how successful they will be when they premiere ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252Fs2rdNuZm5MLwv3TNN63R%252Fimage.png%3Falt%3Dmedia%26token%3D983686ba-3bc5-4057-b4f7-247daa1f2360&width=768&dpr=4&quality=100&sign=581f0232&sv=2) ### [hashtag](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#company-and-technology-forecasts) Company and Technology Forecasts Kalshi recognizes the fast-paced nature of the tech world and offers traders the opportunity to speculate on various outcomes within the industry. From the automotive sector's advancements to the ever-evolving realm of digital streaming and AI developments, traders can place bets on: * **Automotive Milestones**: The number of vehicles Tesla delivers in a quarter * **Streaming Wars**: Subscriber growth battles among platforms like Netflix * **Tech Innovations**: Predict which Large Language Model (LLM) will be at the forefront by the year's end ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FGr1LNsjtANbxpWTSPhwE%252Fimage.png%3Falt%3Dmedia%26token%3D14329eac-45b4-49c0-bfeb-8951b04b8d67&width=768&dpr=4&quality=100&sign=264b5b7e&sv=2) ### [hashtag](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#economic-environmental-and-social-events) Economic, Environmental, and Social Events The uncertainties and fluctuations in global economic indicators, environmental changes, and societal shifts offer fertile ground for prediction markets. Kalshi allows traders to wager on: * **Economic Indicators**: Potential recessions, unemployment rates, and interest rate movements * **Environmental and Weather Events**: Natural disasters, climate change impacts, and specific weather event outcomes * **Social Movements and Trends**: Outcomes of mass social movements or significant social trend shifts ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252F5iOINNemw2ggFZZMl7aa%252Fimage.png%3Falt%3Dmedia%26token%3D2544a4a9-2f88-49b7-9ed6-0d0eaf85c699&width=768&dpr=4&quality=100&sign=3d416f93&sv=2) Kalshi’s diverse range of trading options ensures that no matter where your interests or expertise lie, you can find a market that appeals to you. From the serious and impactful to the cultural and entertaining, Kalshi transforms the act of prediction into an engaging, inclusive experience for traders of all backgrounds. Last updated 10 months ago Was this helpful? * [Expansive Trading Opportunities on Kalshi](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#expansive-trading-opportunities-on-kalshi) * [Elections, Legal and Political Outcomes](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#elections-legal-and-political-outcomes) * [Cultural and Entertainment Predictions](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#cultural-and-entertainment-predictions) * [Company and Technology Forecasts](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#company-and-technology-forecasts) * [Economic, Environmental, and Social Events](https://help.kalshi.com/kalshi-101/what-are-prediction-markets#economic-environmental-and-social-events) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # What is Kalshi's mission? | Kalshi Help Center ### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#the-kalshi-mission) The Kalshi Mission Remember those "make a market" games where you predicted the future? Kalshi takes that concept and elevates it to a whole new level. But what makes it so captivating? It all boils down to a powerful combination: the thrill of the trade, the satisfaction of using data, and the underlying beauty of transforming the intangible into the tangible. Think about it - Kalshi lets you take something as subjective as a celebrity rumor ("Is Kendall Jenner pregnant?") and turn it into a concrete number – a price. It's like capturing a fleeting thought and giving it a form you can analyze and discuss. Suddenly, the messy world of opinions becomes a structured market. This forces us to refine our beliefs, consider all sides of the issue, and ultimately, gain a sharper understanding of the world around us. Imagine - differing viewpoints become focused negotiations. Kalshi isn't just about predicting the future perfectly; it's about actively engaging with uncertainty. It's about turning a difference in opinion into a concrete action – a trade. That's the essence of Kalshi: taking the ambiguity and chaos of the future and distilling it down to a single, clear number - the price. It's a pursuit of elegance and clarity in a world that often feels unpredictable. ### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#empowering-individuals-with-access-and-tools) Empowering Individuals with Access and Tools One of the primary reasons for Kalshi's existence is to democratize access to prediction markets. Traditionally, prediction markets have been complex and somewhat inaccessible to the average person. Kalshi breaks down these barriers by offering an intuitive platform where anyone with a belief about the future can participate. Whether it's predicting election outcomes, economic indicators, or the impact of climate events, Kalshi places the power of forecasting in the hands of those who dare to speculate. ### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#enhancing-market-efficiency-through-collective-wisdom) Enhancing Market Efficiency through Collective Wisdom Kalshi believes in the power of the crowd to predict future events accurately. By aggregating individual predictions, the platform not only provides a comprehensive outlook on probable futures but also enhances market efficiency. This collective wisdom approach ensures that the prices on Kalshi reflect the most accurate and up-to-date information available, leading to more efficient markets and better-informed trading decisions. ### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#driving-informed-decision-making-and-public-understanding) Driving Informed Decision-Making and Public Understanding Another critical aspect of Kalshi's existence is its role in promoting informed decision-making. The platform encourages users to delve deeper into the events they are betting on, leading to a more knowledgeable and informed user base. This, in turn, contributes to a better-informed public, as the act of trading on predictions necessitates a thorough understanding of the factors influencing those future events. Thus, Kalshi not only serves as a trading platform but also as an educational tool that enhances public discourse around important topics. ### [hashtag](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#fostering-a-transparent-and-reliable-trading-environment) Fostering a Transparent and Reliable Trading Environment Kalshi is committed to maintaining a transparent, fair, and reliable trading environment. This commitment not only builds trust among its users but also ensures that the platform operates with integrity. By prioritizing transparency in its operations, Kalshi fosters an ecosystem where traders feel confident in the fairness of trades and the accuracy of the information provided. Last updated 10 months ago Was this helpful? * [The Kalshi Mission](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#the-kalshi-mission) * [Empowering Individuals with Access and Tools](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#empowering-individuals-with-access-and-tools) * [Enhancing Market Efficiency through Collective Wisdom](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#enhancing-market-efficiency-through-collective-wisdom) * [Driving Informed Decision-Making and Public Understanding](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#driving-informed-decision-making-and-public-understanding) * [Fostering a Transparent and Reliable Trading Environment](https://help.kalshi.com/kalshi-101/what-is-kalshis-mission#fostering-a-transparent-and-reliable-trading-environment) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Account | Kalshi Help Center [user-plusSigning Upchevron-right](https://help.kalshi.com/account/signing-up) [right-to-bracketLogging Inchevron-right](https://help.kalshi.com/account/logging-in) [pencilEditing Your Infochevron-right](https://help.kalshi.com/account/editing-your-info) [atKalshi Ideas Profilechevron-right](https://help.kalshi.com/account/kalshi-ideas-profile) [power-offDeactivating / Reactivatingchevron-right](https://help.kalshi.com/account/deactivating-reactivating) [flask-vialDemo Accountchevron-right](https://help.kalshi.com/account/demo-account) [bars-progressResponsible Trading Hubchevron-right](https://help.kalshi.com/account/responsible-trading-hub) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # How is data stored? | Kalshi Help Center Kalshi retains: your address, phone, encrypted SSN, and email. Kalshi retains these for required audit and regulatory purposes. Kalshi releases: The image of your ID gets sent to a third-party partner that provides KYC services, so Kalshi does not receive or store your ID image or the information on the ID. Kalshi’s bank connection is powered by Aeropay, which means your bank information is stored and maintained by them. Last updated 3 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Why Kalshi contracts over other asset classes? | Kalshi Help Center Kalshi event contracts offer a unique and direct way to engage with the financial aspects of everyday events and occurrences. If you've ever found yourself with a strong opinion on legislative outcomes, weather patterns affecting major events, or any other significant event that could have financial implications, Kalshi provides an innovative solution. ### [hashtag](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#trade-based-on-knowledge-and-insights) **Trade Based on Knowledge and Insights** With Kalshi event contracts, individuals have the opportunity to trade based on their own insights and predictions. Whether you're confident about a specific piece of legislation passing through government channels, or you have an educated guess about an upcoming election result, these contracts allow you to put your money where your mind is—literally. ### [hashtag](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#hedge-against-uncertainty) **Hedge Against Uncertainty** One of the standout features of Kalshi event contracts is their ability to act as a hedge against future uncertainties. For instance, if you're planning a trip to Chicago to attend a highly anticipated game but are concerned about potential cancellation due to adverse weather conditions, Kalshi offers a way to mitigate the financial risk. By trading on the probability of the event's occurrence, you can potentially offset some of the costs should your concerns become a reality. ### [hashtag](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#unrivaled-precision-in-trading) **Unrivaled Precision in Trading** Kalshi’s platform distinguishes itself by offering a trading experience steeped in precision. Traditional financial instruments often require investors to find proxies or make approximations when they wish to invest based on predictions of specific events. Kalshi eliminates this indirect approach, allowing for investments directly tied to the outcome of specific events. ### [hashtag](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#how-it-works) **How It Works** 1. **Research and Decide**: Start by gathering information and formulating a prediction about an upcoming event. 2. **Trade on Kalshi**: Utilize the Kalshi platform to find an event contract that corresponds with your prediction and make your trade. 3. **Monitor and Adjust**: As the event approaches or circumstances change, you have the flexibility to adjust your position. 4. **Event Resolution**: Upon the resolution of the event, contracts will settle based on the outcome, and traders will receive payouts accordingly. Through this approach, Kalshi event contracts not only facilitate a more precise method of trading but also democratize access to financial tools that can help manage risk and speculation tied to the myriad of events that shape our daily lives. Whether you're an experienced trader or new to the financial markets, Kalshi offers an accessible platform for leveraging your insights into tangible outcomes. Last updated 10 months ago Was this helpful? * [Trade Based on Knowledge and Insights](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#trade-based-on-knowledge-and-insights) * [Hedge Against Uncertainty](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#hedge-against-uncertainty) * [Unrivaled Precision in Trading](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#unrivaled-precision-in-trading) * [How It Works](https://help.kalshi.com/kalshi-101/why-kalshi-contracts-over-other-asset-classes#how-it-works) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # What is Kalshi Klear? | Kalshi Help Center We’re thrilled to announce that Kalshi has officially merged its two exchanges into our very own clearinghouse: Kalshi Klear—the world's only tech-first derivatives clearinghouse. For the past three years, MIAXdx has been the clearinghouse for contracts traded on KalshiEX LLC (“Kalshi”). Following regulatory approval from the Commodity Futures Trading Commission (“Commission”), Kalshi has begun clearing its contracts through Kalshi Klear LLC (“Kalshi Klear”), an affiliate of Kalshi. What does this mean? Klear accelerates everything. * More markets and market categories for even more ways to trade * New structures to trade smarter (exciting announcements coming soon) * Faster market listings in reaction to breaking news, because timing is everything * Faster settlements so you’ll get paid out sooner * Improved performance across the board for a smoother, faster experience * 3.25% APY interest on your holdings, so your money grows while you trade * View eligibility requirements [herearrow-up-right](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#eligibility) In other words, Kalshi Klear is here to make trading faster, better, and smoother than ever. Further information regarding the transfer may be found in Other Notices, Notice to Participants 24-15, found here: [https://ledgerx.com/reg-noticesarrow-up-right](https://urldefense.com/v3/__https://e.customeriomail.com/e/c/eyJlbWFpbF9pZCI6ImRnVFlsd2NEQVByZEZ2bmRGZ0dSa0hxc1RhLWUwMWNfY2Y5VTc2WT0iLCJocmVmIjoiaHR0cHM6Ly9sZWRnZXJ4LmNvbS9yZWctbm90aWNlcyIsImludGVybmFsIjoiZDg5NzA3MGNiOTYxZmFkZDE2IiwibGlua19pZCI6MzQzOX0/2af40b59f3200552d90702dda1a9a46fb8d870d8569440ab721144a1740b8f31__;!!HXCxUKc!wm1KYVgiWgiBeBCd_QHJS6JdSne2uF5sX6P9ktWvBJ4XCKG-tfdpWu2Kua2S3RasQLh8u6jI-v0REbo-8oM$) . Last updated 1 month ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Signing Up as an Individual | Kalshi Help Center In order to be eligible to open an account on Kalshi, you must: * Be 18 years or older * Pass a document verification if requested To open an account on Kalshi, click [herearrow-up-right](https://kalshi.com/sign-up) . You will need to provide basic personal information, and you may be asked for further verification using an identification document as well. If your application is approved, you are all set: you can log in and start trading. In the event that we need more information, the email you receive will outline the next steps. Kalshi is now accessible internationally. Some international jurisdictions remain restricted, which are outlined in "Section VI. Representations and Warranties" of the [Kalshi Member Agreementarrow-up-right](https://kalshi.com/docs/kalshi-member-agreement.pdf) . **It is your individual responsibility to ensure that your access and use on the Kalshi Exchange is permissible and lawful for you.** Kalshi contracts trade as financial derivatives based on events. Regulations vary widely by international jurisdictions. Kalshi does not provide individual legal or eligibility advice. Kalshi is required to collect the information it does at sign-up in order to comply with applicable U.S. laws and CFTC rules and regulations. These regulations require Kalshi to be able to verify the identity of any person(s) opening an account and to maintain records of their information. We will request personal information from both new and existing customers as required by these regulations. We take the security of personal information and all data maintained seriously, and use it only for regulatory compliance. To avoid delays in the onboarding process, please ensure all information is accurate and current. [magnifying-glassSign-up Under Reviewchevron-right](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/sign-up-under-review) [envelope-openEmail and Phone Verificationchevron-right](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/email-and-phone-verification) [people-pantsDuplicate Accountschevron-right](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/duplicate-accounts) [lockInformation Neededchevron-right](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/information-needed) Last updated 21 hours ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Signing Up | Kalshi Help Center [userSigning Up as an Individualchevron-right](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual) [user-groupSigning Up as an Entitychevron-right](https://help.kalshi.com/account/signing-up/signing-up-as-an-entity) [user-tieCan finance professionals trade on Kalshi?chevron-right](https://help.kalshi.com/account/signing-up/can-finance-professionals-trade-on-kalshi) Last updated 5 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Sign-up Under Review | Kalshi Help Center If your signup is under review, our team is working to review your account quickly. We understand the importance of timely access and aim to process it efficiently, typically within 48 hours. This allows us to verify your information and ensure accuracy and compliance. A review may be needed due to discrepancies in your submitted information or similarities with an existing account, which we must resolve to prevent duplicates. We know waiting can be inconvenient, but these steps ensure our platform’s security and integrity. Last updated 5 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Logging In | Kalshi Help Center [lockForgot / Change Passwordchevron-right](https://help.kalshi.com/account/logging-in/forgot-change-password) [comment-lines2FA / Verification Codeschevron-right](https://help.kalshi.com/account/logging-in/2fa-verification-codes) Last updated 11 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Signing Up as an Entity | Kalshi Help Center Kalshi offers specialized onboarding for entities including corporations, funds, partnerships, and trusts. Our institutional team provides dedicated support to help your organization get started on our prediction markets platform. #### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-entity#how-to-get-started) **How to Get Started** * Submit Your Application: Complete our entity registration form [herearrow-up-right](https://docs.google.com/forms/d/e/1FAIpQLScCPJt0p_y2RZXtAlHtHDvLePrIApQsvN_1fIQlJL9Ow-OQig/viewform) to begin the process. Our team will guide you through the required documentation and account setup process once your application is received. #### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-entity#fix-access-requirements) FIX Access Requirements To qualify for FIX access, your trading volume must meet the minimum of 7.5% of total exchange volume. If you're able to consistently meet this volume requirement, we'd love to hear from you! Please contact our team at [\[email protected\]envelope](https://help.kalshi.com/cdn-cgi/l/email-protection#9ef7f0edeaf7eaebeaf7f1f0fff2def5fff2edf6f7b0fdf1f3) to discuss FIX access for your account. #### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-entity#questions) **Questions?** Contact our institutional team for personalized assistance. We're here to help make your onboarding as smooth as possible. Happy trading! Last updated 1 month ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Can finance professionals trade on Kalshi? | Kalshi Help Center Yes, Kalshi's event contracts are commodity derivatives and are not company-linked securities. Thus, employees at both sell-side (banks, advisory firms, etc.) and buy-side institutions (private equity funds, hedge funds, etc.) are able to trade on Kalshi's event contracts. Accordingly, they generally are not included in rules specifically tailored toward company-linked securities or derivatives. You may only be barred from trading event contracts on Kalshi if your firm interacts with event contracts in their normal course of business or if you have material nonpublic information about the event or data release in question. Be sure to check with your compliance manual and compliance department for further clarification. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Duplicate Accounts | Kalshi Help Center On Kalshi, users are restricted to trading with only a single account to ensure the integrity and security of the trading environment. If an individual attempts to register multiple accounts, the system is designed to automatically deny any such applications beyond the first account. This policy is in place to prevent any potential misuse or manipulation of the platform through the use of multiple accounts, ensuring a fair and transparent trading experience for all participants. Adhering to this rule is essential for maintaining the trust of all users and upholding Kalshi's commitment to a safe, regulated marketplace. If you need help accessing your old Kalshi account we suggest you reset your password [herearrow-up-right](https://kalshi.com/password-forgot) ! Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Information Needed | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/information-needed#why-do-you-need-my-address) Why do you need my Address? To ensure adherence to the requirements set forth by our US based regulators and oversight, it is required for us to obtain certain details from all users of the Kalshi platform. It is important to recognize that we are unable to accept any addresses that are commercial in nature or that are associated with PO boxes. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/information-needed#why-do-you-need-my-id) Why do you need my ID? We are mandated to gather this specific information from all Kalshi users due to our regulatory obligations under US law. As part of this process, users must provide valid identification, which can include either a driver's license or a passport. It is imperative that the information displayed on your chosen form of photo identification corresponds exactly with the details provided in your Kalshi profile. Additionally, please ensure that your ID is not represented through a picture or image taken from a screen, as we require clear, original copies to complete verification. Last updated 3 months ago Was this helpful? * [Why do you need my Address?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/information-needed#why-do-you-need-my-address) * [Why do you need my ID?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/information-needed#why-do-you-need-my-id) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Kalshi Ideas Profile | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/kalshi-ideas-profile#what-can-be-changed-on-your-ideas-profile) What can be changed on your Ideas profile? On Kalshi, traders are able to create a profile within the Ideas tab to create a display appearance when they interact with other traders. This includes a nickname, profile photo, and account description. Feel free to change your profile picture by selecting the profile picture icon on this page [herearrow-up-right](https://kalshi.com/ideas/profile) . To change your nickname or edit your description you can click [herearrow-up-right](https://kalshi.com/ideas/profile) . circle-info Nicknames can only be changed once every 30 days. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F49T4ad7Tr9PhA0qy96Re%252FScreen%2520Recording%25202025-03-18%2520at%25201.51.34%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D001ba010-3326-4af0-95ca-82159a128d1f&width=768&dpr=4&quality=100&sign=731faa57&sv=2) \*Under the profile icon you can change both your profile photo and nickname! Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Email and Phone Verification | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/email-and-phone-verification#email-verification) Email Verification All users who do not sign up with Apple ID or Google Sign-in must use their own email address. Emails can be verified with a six-digit code sent to their email. If you do not see a code please check your spam folder and wait up to 20 minutes. This email will also be used for multi-factor authentication so make sure you have access to it! ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/email-and-phone-verification#phone-verification) Phone Verification All users who do not sign up with Apple ID or Google Sign-in must use their own phone number. Phone numbers can be verified with a six-digit code sent to their number. If you do not see a code please wait up to 5 minutes. This phone number will also be used for multi-factor authentication so make sure you have access to it! Last updated 3 months ago Was this helpful? * [Email Verification](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/email-and-phone-verification#email-verification) * [Phone Verification](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/email-and-phone-verification#phone-verification) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Deposit Funds | Kalshi Help Center [credit-cardDebit Card Depositschevron-right](https://help.kalshi.com/transfer-funds/deposit-funds/debit-card-deposits) [building-columnsBank Depositschevron-right](https://help.kalshi.com/transfer-funds/deposit-funds/bank-deposits) [coin-frontCrypto Depositschevron-right](https://help.kalshi.com/transfer-funds/deposit-funds/crypto-deposits) [arrow-right-longWire Depositschevron-right](https://help.kalshi.com/transfer-funds/deposit-funds/wire-deposits) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Forgot / Change Password | Kalshi Help Center To reset your password, visit the following link: [https://kalshi.com/password-forgotarrow-up-right](https://kalshi.com/password-forgot) ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FFD7UsfD128zmWwk6zzsx%252FScreenshot%25202025-02-18%2520at%25203.27.56%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3Dfa2e48c0-5fcb-4fb8-a0f3-3ae3e81fc7d0&width=768&dpr=4&quality=100&sign=8c773177&sv=2) \*Please make sure to check all folders in your inbox, including spam, if you are not seeing the link. Password resets can be helpful if you: * Forgot your password * Changed the email associated with your account circle-info Your password reset link will be sent to the email associated with your Kalshi account. Please allow up to 15 minutes for the link to arrive and make sure to check all folders including spam. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Editing Your Info | Kalshi Help Center For detailed account management, please visit your profile page [herearrow-up-right](https://kalshi.com/account/profile) . Here, you can access and edit the following information related to your account information with ease: * Email * Phone Number * Address ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FE3iqPnsaDMlwuNYqBI4T%252FKalshi_Profile_Editing.png%3Falt%3Dmedia%26token%3Dbc0b66dd-4a3d-422d-88bf-5c90432fd011&width=768&dpr=4&quality=100&sign=b40fc284&sv=2) \*Click the pencil icon on the right to edit the relevant information! Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Transfer Funds | Kalshi Help Center [money-simple-from-bracketTransfers FAQchevron-right](https://help.kalshi.com/transfer-funds/transfers-faq) [linkLinking Accountschevron-right](https://help.kalshi.com/transfer-funds/linking-accounts) [arrow-right-to-bracketDeposit Fundschevron-right](https://help.kalshi.com/transfer-funds/deposit-funds) [arrow-right-from-bracketWithdraw Fundschevron-right](https://help.kalshi.com/transfer-funds/withdraw-funds) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Deactivating / Reactivating | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/deactivating-reactivating#deactivating-account) Deactivating Account To deactivate your account, you must cash out all active positions and withdraw all balances. Unfortunately, account deactivation is not allowed until all account value is cashed out and withdrawn. Once all balances are $0 in your Kalshi account, you can then visit the link provided [herearrow-up-right](https://kalshi.com/account/profile) to deactivate your account. ### [hashtag](https://help.kalshi.com/account/deactivating-reactivating#reactivating-account) Reactivating Account To reactivate your account, simply log back in using your existing credentials. If you experience any issues logging in, please contact our support team for assistance at [\[email protected\]](https://help.kalshi.com/cdn-cgi/l/email-protection) ! ### [hashtag](https://help.kalshi.com/account/deactivating-reactivating#deleting-your-account) Deleting your Account In compliance with regulation, we are unable to delete records of trading accounts. Kalshi is a federally regulated financial exchange. We're required by law to collect and retain certain records of your personal information to verify your identity and for compliance and security purposes, just like any other financial exchange. We fully respect your privacy, and your data is used strictly for regulatory purposes as needed. Last updated 10 months ago Was this helpful? * [Deactivating Account](https://help.kalshi.com/account/deactivating-reactivating#deactivating-account) * [Reactivating Account](https://help.kalshi.com/account/deactivating-reactivating#reactivating-account) * [Deleting your Account](https://help.kalshi.com/account/deactivating-reactivating#deleting-your-account) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # 2FA / Verification Codes | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/logging-in/2fa-verification-codes#login-2fa-codes) Login 2FA Codes A verification code is needed once every 30 days when logging in to ensure you are the correct user on the account. This code is sent to **both** the **phone number** **and email** associated with your account. If for some reason the phone number associated with your account is an old number or a landline, please go to your email inbox (make sure to check your spam folder as well) and input the code you receive there. After that, you can go into your account settings [herearrow-up-right](https://kalshi.com/account/profile) and update the phone number you want the code sent to! ### [hashtag](https://help.kalshi.com/account/logging-in/2fa-verification-codes#id-2fa-codes-with-card-deposits-withdrawals) 2FA Codes with Card Deposits/Withdrawals Your card issuer most likely sent you a 2-factor authentication code to verify the transaction on your Kalshi account. This step is to confirm that you authorized the charge. Most modern banks send this verification via SMS, while some older banks might opt for a phone call. You need to respond to this message, typically with "Yes" or "No," to proceed. Make sure to confirm the message or consider using a different card to complete your deposit successfully. There is also a possibility that your bank is not sending you the needed code, so it can be helpful to reach out to the card issuer to inquire about the status of the 2FA code. Last updated 5 months ago Was this helpful? * [Login 2FA Codes](https://help.kalshi.com/account/logging-in/2fa-verification-codes#login-2fa-codes) * [2FA Codes with Card Deposits/Withdrawals](https://help.kalshi.com/account/logging-in/2fa-verification-codes#id-2fa-codes-with-card-deposits-withdrawals) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Demo Account | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/demo-account#what-is-a-demo-account) What is a Demo Account? Kalshi provides a dedicated _demo_ environment specifically designed for testing purposes. This environment offers users the ability to interact with the platform using mock funds, allowing for a safe and risk-free experience. To ensure the utmost security, the demo credentials are entirely separate and are never shared with the production environment. This separation guarantees that your financial and personal data remain secure while you explore the features and functionalities of Kalshi within this test setting To sign up for a demo account, please follow the steps linked bellow. In order to sign up for Kalshi Demo you can use all fake information (such as name, address, and SSN). Make sure you have access to the email you use to sign up and remember your password! ### [hashtag](https://help.kalshi.com/account/demo-account#step-by-step-tutorial-setting-up-your-kalshi-demo-account) Step-by-Step Tutorial: [Setting up your Kalshi Demo Accountarrow-up-right](https://docs.google.com/presentation/d/e/2PACX-1vRvhUAqRBYzJmt7JCinMXmu6KVWkj-cc7ikDXGConmqjcv4mnlJacgHPcZJ20fWWnrYdubn-oczclKP/pub?start=false&loop=false&delayms=3000) Last updated 6 months ago Was this helpful? * [What is a Demo Account?](https://help.kalshi.com/account/demo-account#what-is-a-demo-account) * [Step-by-Step Tutorial: Setting up your Kalshi Demo Account](https://help.kalshi.com/account/demo-account#step-by-step-tutorial-setting-up-your-kalshi-demo-account) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Linking Accounts | Kalshi Help Center [credit-cardLink a Debit Cardchevron-right](https://help.kalshi.com/transfer-funds/linking-accounts/link-a-debit-card) [building-columnsLink a Bank Accountchevron-right](https://help.kalshi.com/transfer-funds/linking-accounts/link-a-bank-account) [coin-frontLink a Crypto Walletchevron-right](https://help.kalshi.com/transfer-funds/linking-accounts/link-a-crypto-wallet) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Responsible Trading Hub | Kalshi Help Center Trading on prediction markets should be an engaging, informed, and safe experience. At Kalshi, we're committed to providing you with tools and resources to help you trade responsibly, maintain control over your activity on our platform, and access helpful educational and support resources. ### [hashtag](https://help.kalshi.com/account/responsible-trading-hub#available-tools) Available Tools We offer several features to help you manage your trading experience. **Trading Breaks** - Take a temporary pause from trading when you need to step back and reassess your strategy or habits. [pauseTrading Breakchevron-right](https://help.kalshi.com/account/responsible-trading-hub/trading-break) **Voluntary Opt-Outs** Choose to exclude yourself from the platform for a specified period if you need a longer break. [handVoluntary Self-Exclusionchevron-right](https://help.kalshi.com/account/responsible-trading-hub/voluntary-self-exclusion) **Personal Funding Caps** Set limits on how much you can deposit into your account to help manage your overall exposure. [circle-three-quarters-strokePersonalized Funding Capchevron-right](https://help.kalshi.com/account/responsible-trading-hub/personalized-funding-cap) ### [hashtag](https://help.kalshi.com/account/responsible-trading-hub#how-to-access-your-responsible-risk-management-settings) How to Access Your Responsible Risk Management Settings Web App * **Log in to your Kalshi account** at kalshi.com * **Open the sidebar menu** by clicking the hamburger menu icon (☰) in the top left corner if it's not already open * **Scroll down in the sidebar** to find account-related options * **Click on "Responsible Risk Management"** in the sidebar menu * **Select and configure the tools** you'd like to enable based on your needs * **Open the Kalshi app** and log in to your account * **Tap the menu icon** (usually three horizontal lines or your profile icon) * **Navigate to Settings** or Account Options * **Select "Responsible Risk Management"** * **Choose and configure** the tools you'd like to use **Need Help Finding It?** If you're having trouble locating the Responsible Risk Management section, our support team is here to help: * Email us at [\[email protected\]envelope](https://help.kalshi.com/cdn-cgi/l/email-protection#a9dadcd9d9c6dbdde9c2c8c5dac1c087cac6c4) * Use the chat feature in the bottom right corner of the website * We'll walk you through the exact steps to access and configure these settings circle-info Note: Once responsibility actions are taken, there is no way for these to be lifted or changed until they have reached their expiration date. ### [hashtag](https://help.kalshi.com/account/responsible-trading-hub#additional-resources) Additional Resources ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FwjoZnhdCDj9SC86gWzBj%252Fimage.png%3Falt%3Dmedia%26token%3D7f07d4ff-900b-4c06-9939-8a6d37b692dc&width=768&dpr=4&quality=100&sign=6503fc16&sv=2) **Birches Health** We've partnered with Birches Health to provide professional support and resources for users who may benefit from additional guidance around trading behavior and financial decision-making. Birches Health offers confidential support services tailored to help individuals maintain healthy relationships with trading and financial activities. Visit [BirchesHealth.com/Kalshiarrow-up-right](https://bircheshealth.com/kalshi) , call (833) 483-3838 or email [\[email protected\]envelope](https://help.kalshi.com/cdn-cgi/l/email-protection#80e8e5ecf0c0e2e9f2e3e8e5f3e8e5e1ecf4e8aee3efed) to connect with a Birches care specialist. **Crisis Support** If you or someone you know is in crisis or experiencing thoughts of suicide, help is available 24/7. **National Suicide Prevention Lifeline: 988** Available 24 hours a day, 7 days a week Or visit [https://988lifeline.org/arrow-up-right](https://988lifeline.org/) ### [hashtag](https://help.kalshi.com/account/responsible-trading-hub#questions-or-need-support) Questions or Need Support? Our team is here to help you make the most of these tools. If you have questions about any of our responsible risk management features or need assistance setting them up, please reach out to our support team at [\[email protected\]](https://help.kalshi.com/cdn-cgi/l/email-protection) . * * * _Your wellbeing matters to us. We're committed to making Kalshi a safe and sustainable platform for all traders, whether you're just starting out or have been with us for years._ Last updated 34 minutes ago Was this helpful? * [Available Tools](https://help.kalshi.com/account/responsible-trading-hub#available-tools) * [How to Access Your Responsible Risk Management Settings](https://help.kalshi.com/account/responsible-trading-hub#how-to-access-your-responsible-risk-management-settings) * [Additional Resources](https://help.kalshi.com/account/responsible-trading-hub#additional-resources) * [Questions or Need Support?](https://help.kalshi.com/account/responsible-trading-hub#questions-or-need-support) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Referral FAQs | Kalshi Help Center ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-do-i-refer-a-friend) How do I refer a friend? Kalshi has a referral program where both you and your friend can earn rewards. Find your unique referral link in your account settings, then share it with your friend. When they sign up using your link and meet the trading requirements, you both get rewards. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-do-i-enter-a-referral-or-promo-code-during-sign-up) How do I enter a referral or promo code during sign-up? When creating your account, look for the code field on the "Enter your birthday" screen. You may see a button "Enter referral code." Tap it and paste the code exactly as provided. If you used a friend's invite link, the code may auto-fill when you complete sign-up. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#can-i-add-a-referral-code-after-signing-up) Can I add a referral code after signing up? Yes, but only for a limited time. You typically have up to 72 hours after creating your account to add a code, and only before your first deposit. Check your menu or profile for a Referrals or Promotions option. If you don't see it, you may have already deposited, applied a code, or your window has passed. After 72 hours, we're generally unable to add codes manually. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-do-i-claim-my-promo-bonus) How do I claim my promo bonus? After meeting the requirements (usually trading a certain amount), go to the Referral section in your menu, find "Available bonuses," and tap Claim. The credit should post shortly after. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#when-will-my-bonus-become-available-to-claim) When will my bonus become available to claim? Bonuses typically become claimable shortly after you meet the requirements. If you don't see a claim option within 24 hours of meeting the terms, check that you have met all of the requirements. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#what-are-the-basic-requirements-to-get-a-referral-bonus) What are the basic requirements to get a referral bonus? You must sign up through a referral link or enter a valid promo code during sign-up (or within 72 hours and before your first deposit). Your account must be fully verified through KYC. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#is-there-a-limit-to-how-many-people-i-can-refer) Is there a limit to how many people I can refer? Yes. Each user can successfully refer up to 1,000 people. Once you've reached this limit, additional referrals cannot be processed for rewards. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#why-cant-i-withdraw-my-promo-credits) Why can't I withdraw my promo credits? Promo credits aren't cash, they're designed for trading on the platform. Only the profits you make from using promo credits become withdrawable cash. The original promo amount itself usually isn't withdrawable. ### [hashtag](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-can-i-check-my-promo-requirements) How can I check my promo requirements? Open the Rewards section in the app to review your specific terms, including trading requirements and expiration dates. Check your Activity to see how promo credits were applied. If you've met all requirements and still can't withdraw, reach out to [\[email protected\]](https://help.kalshi.com/cdn-cgi/l/email-protection) and we can help! Last updated 3 hours ago Was this helpful? * [How do I refer a friend?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-do-i-refer-a-friend) * [How do I enter a referral or promo code during sign-up?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-do-i-enter-a-referral-or-promo-code-during-sign-up) * [Can I add a referral code after signing up?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#can-i-add-a-referral-code-after-signing-up) * [How do I claim my promo bonus?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-do-i-claim-my-promo-bonus) * [When will my bonus become available to claim?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#when-will-my-bonus-become-available-to-claim) * [What are the basic requirements to get a referral bonus?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#what-are-the-basic-requirements-to-get-a-referral-bonus) * [Is there a limit to how many people I can refer?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#is-there-a-limit-to-how-many-people-i-can-refer) * [Why can't I withdraw my promo credits?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#why-cant-i-withdraw-my-promo-credits) * [How can I check my promo requirements?](https://help.kalshi.com/account/signing-up/signing-up-as-an-individual/referral-faqs#how-can-i-check-my-promo-requirements) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Link a Crypto Wallet | Kalshi Help Center ZeroHash simplifies the process of depositing and withdrawing crypto to and from your Kalshi account. To get started, log into your Kalshi account and navigate to the 'add funds' section. From there, choose the crypto option. ZeroHash will guide you step-by-step on how to transfer supported assets from your personal wallet to the wallet address they provide. First, ensure that your personal wallet is set up and ready to send crypto. Then, follow the instructions provided by ZeroHash carefully. This involves scanning a QR code or entering the wallet address manually to initiate the transfer. Make sure to verify all details, including the amount and the recipient address, to avoid any errors. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FU5IRicwbD14f5ovGOsi6%252FScreen%2520Recording%25202025-02-20%2520at%25203.25.20%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D59ef6054-2548-46b7-ad5d-3f8af3643693&width=768&dpr=4&quality=100&sign=ba32225b&sv=2) ### [hashtag](https://help.kalshi.com/transfer-funds/linking-accounts/link-a-crypto-wallet#what-is-zero-hash) What is Zero Hash? Zero Hash enables us to offer seamless and compliant crypto transfer experiences. By using Zero Hash, we ensure secure and efficient USDC deposits and withdrawals, providing users with immediate access to funds and high deposit limits. This integration streamlines the transfer process, enabling users to focus on trading without worrying about traditional banking hurdles. More information regarding crypto transfers with Zero Hash can be found [herearrow-up-right](https://zerohash.zendesk.com/hc/en-us/sections/360003243954-Deposits-Withdrawals) . Last updated 5 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Trading Break | Kalshi Help Center Here at Kalshi, we take responsible trading seriously and are committed to protecting our traders. We offer proactive tools and support meant to encourage responsible trading behavior and to ensure safe trading experiences. One tool that we offer is the ability to take a **Trading Break**. Trading breaks let you take a break from trading on Kalshi’s markets by temporarily restricting your trading activities for a day or more. > Please note that Trading Breaks will not result in your inability to access Kalshi through a third party Futures Commission Merchant, and ultimately it is your responsibility not to trade via such entity during this period. circle-info If you have open positions, you won’t be able to sell them during a trading break, so please close out any positions you don’t want to hold for the duration of the trading break before proceeding. Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Voluntary Self-Exclusion | Kalshi Help Center Here at Kalshi, we take responsible trading seriously and are committed to protecting our traders. We recognize that sometimes traders may not have all resources necessary to trade in a responsible manner. We offer proactive tools and support meant to encourage responsible trading behavior and to ensure safe trader experiences One tool that we offer is the **Voluntary Self-Exclusion**. This is a process by which a Member or potential Member can restrict their own access to Kalshi’s markets in order to limit their potential losses on the exchange. Kalshi permits individuals to request to be excluded from trading activities for a specific term of time on Kalshi.com, via Kalshi’s API, and via the Kalshi app. > Please note that Voluntary Self-Exclusion does not limit a trader's ability to access Kalshi products via a Futures Commission Merchant. It is ultimately the trader's responsibility not to trade during this time. circle-info If you have open positions, you won’t be able to sell them during a self-exclusion period, so please close out any positions you don’t want to hold for the duration of before self-excluding. Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Link a Debit Card | Kalshi Help Center Linking a debit card to your Kalshi account is a straightforward process designed for user convenience. If you are adding a debit card for the first time, you will be automatically prompted to input your card details when you initiate a debit deposit. Here’s how you can add your debit card: 1. **Login to Your Account:** Begin by logging into your Kalshi account using your credentials. 2. **Initiate a Deposit:** Navigate to the 'Add Funds' section of your account dashboard. Here, you'll see an option to add funds to your via debit. 3. **Enter Card Details:** Once you choose to deposit funds via a debit card, you will be prompted to enter your card information. This will include the card number, expiration date, CVV, and cardholder name. 4. **Verify Information:** Double-check your card details to ensure everything is correct to avoid any issues with the transaction. 5. **Complete the Process:** After confirming the details, proceed with the deposit. Your card will be securely linked to your account for this and future transactions. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FOMi4NpjHrZqKGFu556Mq%252FScreen%2520Recording%25202025-02-20%2520at%25201.59.21%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D4574c43e-dca9-4916-9f9c-e26964ad8cc4&width=768&dpr=4&quality=100&sign=59c0ac11&sv=2) \*Make sure the cardholder name matches the name on your account circle-info Credit cards, prepaid cards, and charge cards are not supported. Last updated 6 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Personalized Funding Cap | Kalshi Help Center Here at Kalshi, we take responsible trading seriously and are committed to ensuring traders have a safe experience on our platform. A personalized funding cap lets you set a maximum amount you are able to deposit to Kalshi in each calendar month. Once you set a personalized funding cap, it will take effect immediately for all future deposits. If you later increase your personalized funding cap, the increase will take effect in the next calendar month. You can extend your personalized funding cap for as long as you like, and reach out to Kalshi if you need to adjust it. circle-info Please note that Kalshi does not currently accept wire deposits from users with personalized funding caps enabled. Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Debit Card Withdrawals | Kalshi Help Center To begin the process of a debit card withdrawal, first make sure that all funds you wish to withdraw are in your 'cash' balance. After that the process is very straightforward. 1. Navigate to the "transfers' tab by selecting the drop down menu in the top right corner. 2. Select 'Withdraw from Kalshi.' 3. Select 'Debit Card' as the withdrawal method. 4. Choose the debit card you wish to withdraw the funds to. 1. It is important to note there is a $2 fee associated with withdrawing via card. 5. Complete the transaction. 1. Funds should arrive back to the card within 30 minutes of the withdrawal completion. circle-info There is a $2,500 daily withdrawal limit via Debit Card. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Link a Bank Account | Kalshi Help Center To link a bank account to Kalshi, begin by navigating to the 'add funds' tab on the platform. Here, you will be provided with a range of options for adding funds to your account. Choose the bank transfer option. Upon selecting bank transfer, you will be directed to Aeropay, a secure service that facilitates the connection between your bank and Kalshi. When search for your bank, simply enter the name of your bank into the search bar, and select it from the available options. circle-info Aeropay supports over 12,000 banks currently, and is consistently expanding. Once you have selected the desired account, follow the instructions to log into your online banking portal via Aeropay's interface. This step ensures a secure connection by allowing you to authenticate with your bank credentials directly. After logging in, you will see a list of accounts associated with your bank. Select the checking account you would like linked with your Kalshi account. The bank account should then be successfully linked to your Kalshi account, enabling you to seamlessly transfer funds to and from your bank with ease and security. Last updated 5 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Withdraw Funds | Kalshi Help Center [circle-pauseSecurity Holdschevron-right](https://help.kalshi.com/transfer-funds/withdraw-funds/security-holds) [credit-cardDebit Card Withdrawalschevron-right](https://help.kalshi.com/transfer-funds/withdraw-funds/debit-card-withdrawals) [building-columnsBank Withdrawalschevron-right](https://help.kalshi.com/transfer-funds/withdraw-funds/bank-withdrawals) [coin-frontCrypto Withdrawalschevron-right](https://help.kalshi.com/transfer-funds/withdraw-funds/crypto-withdrawals) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Debit Card Deposits | Kalshi Help Center [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/debit-card-deposits#how-to-deposit) How to deposit ---------------------------------------------------------------------------------------------------------------------- 1. Select "Add funds" 2. Select the "Debit Card" option 3. Enter the amount you want to deposit 4. Select the card you will deposit from 1. If this is your first time depositing via debit, or you want to add a new card, select "Add a card". Here, you will be asked to input the card information, please double-check that all manually entered information matches what is on your debit card. 5. Review transfer and add funds. [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/debit-card-deposits#important-information) Important information ------------------------------------------------------------------------------------------------------------------------------------ * Debit deposits incur a 2% processing fee * i.e. If you deposit $100, $98 will be applied to your cash balance * Only US debit cards are accepted at this time * Debit card's cardholder name must match the name on Kalshi account * Credit cards, prepaid cards, and charge cards are not accepted * Ensure you are on a strong Internet connection and that any active VPN is disabled **Still having trouble?** If your debit card is not supported, transfers may result in failure. Please try using a different card or contact your bank! Last updated 5 months ago Was this helpful? * [How to deposit](https://help.kalshi.com/transfer-funds/deposit-funds/debit-card-deposits#how-to-deposit) * [Important information](https://help.kalshi.com/transfer-funds/deposit-funds/debit-card-deposits#important-information) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Order Types | Kalshi Help Center [person-running-fastQuick Orderschevron-right](https://help.kalshi.com/trading/order-types/quick-orders) [arrow-down-arrow-upLimit Orderschevron-right](https://help.kalshi.com/trading/order-types/limit-orders) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Transfers FAQ | Kalshi Help Center [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#how-do-i-transfer-funds-to-and-from-kalshi) How do I transfer funds to and from Kalshi? ----------------------------------------------------------------------------------------------------------------------------------------------------------- Kalshi offers various different methods for transferring funds: * Debit card * This includes physical debit cards as well as Apple Pay & Google Pay * Bank transfer * Crypto transfer * Wire circle-info [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#for-international-users-transfers-can-only-be-made-via-debit-card-and-crypto-at-this-time) For international users, transfers can only be made via debit card and crypto at this time. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#why-did-my-deposit-fail) Why did my deposit fail? --------------------------------------------------------------------------------------------------------------------- Depending on the deposit method you used, there are a few common causes of a deposit failing: ### [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#debit) **Debit**: * There was a mistype when manually entering your card information. Please double check that all inputted information matches what is on your debit card. * There is an issue with 3D Secure (3DS) authentication, some easy fixes include: * Update your app to the latest version * Check your connection - use stable Wi-Fi and disable any active VPN * Try Apple Pay/Google Pay instead of direct card entry * Restart the app or switch between app and website * Use a different card or payment method if issues continue * Your deposit is being blocked by your card issuer, reach out to your bank to ensure there are no issues on their end. ### [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#bank) **Bank:** * "Insufficient funds" errors may occur if you have pending deposits that haven't fully settled in your bank account * Try depositing a smaller amount and check to see if you have any pending transactions * You are connecting a bank account not in your name * Only bank accounts under your name can be used for depositing circle-info Bank transfers are processed through our partner Aeropay. For more details about ACH transfers with Aeropay, see [herearrow-up-right](https://www.aeropay.com/personal/support) . ### [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#crypto) **Crypto**: * You are sending an asset that is not supported * To view a list of our supported assets, see [herearrow-up-right](https://help.kalshi.com/transfer-funds/deposit-funds/crypto-deposits) circle-info Our crypto transfers are handled by our crypto transfer service provider Zero Hash, they help in converting these transfers to and from fiat. More information regarding crypto transfers with Zero Hash can be found [herearrow-up-right](https://zerohash.zendesk.com/hc/en-us/sections/360003243954-Deposits-Withdrawals) . ### [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#wires) **Wires**: * Wires that do not include your unique Kalshi memo code can be delayed or returned * To see more information about wiring funds and finding your memo code, see [herearrow-up-right](https://help.kalshi.com/transfer-funds/deposit-funds/wire-deposits) * Wires from a bank account that does not match your Kalshi account will be delayed or returned [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#why-is-my-connected-bank-account-showing-numbers-i-dont-recognize) Why is my connected bank account showing numbers I don't recognize? ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- After linking your bank account, the last four digits shown may differ from your actual account number. This is because some bank accounts use a TAN (Tokenized Account Number) - a randomly generated number that masks your real account number for security. This token system helps protect against fraud while keeping your actual banking details secure. [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#why-is-my-debit-withdrawal-not-transferred-instantly) Why is my debit withdrawal not transferred instantly? ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Debit withdrawals are normally instant, but occasionally our payment processor requires additional verification for security. This is a random security check - you've done everything correctly. Your withdrawal will complete normally once the verification is finished. [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#why-cant-i-withdraw-all-of-my-funds-right-now) Why can't I withdraw all of my funds right now? ------------------------------------------------------------------------------------------------------------------------------------------------------------------ For security, we place temporary holds on deposited funds before they're available for withdrawal: * Debit card deposits: Available for withdrawal after 3 days * Bank transfer (same bank withdrawal): Available after 7 days * Bank transfer (different bank withdrawal): Available after 90 days These holds help ensure transaction security and protect your account. [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#how-do-i-remove-a-connected-debit-card-bank-account) How do I remove a connected debit card/bank account? ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you head over to the transfers tab in your Kalshi account [herearrow-up-right](https://kalshi.com/account/banking) , you can view all connected accounts. To remove one, simply click the 'X' that is to the right of the connected account. [hashtag](https://help.kalshi.com/transfer-funds/transfers-faq#can-i-cancel-a-deposit-once-it-is-made) Can I cancel a deposit once it is made? --------------------------------------------------------------------------------------------------------------------------------------------------- Deposits cannot be canceled or refunded once submitted, so please carefully verify your deposit amount before confirming the transaction. However, once your deposit processes and completes the required security hold period, you're free to withdraw those funds back to your bank account or debit card at any time. Last updated 2 months ago Was this helpful? * [How do I transfer funds to and from Kalshi?](https://help.kalshi.com/transfer-funds/transfers-faq#how-do-i-transfer-funds-to-and-from-kalshi) * [Why did my deposit fail?](https://help.kalshi.com/transfer-funds/transfers-faq#why-did-my-deposit-fail) * [Debit:](https://help.kalshi.com/transfer-funds/transfers-faq#debit) * [Bank:](https://help.kalshi.com/transfer-funds/transfers-faq#bank) * [Crypto:](https://help.kalshi.com/transfer-funds/transfers-faq#crypto) * [Wires:](https://help.kalshi.com/transfer-funds/transfers-faq#wires) * [Why is my connected bank account showing numbers I don't recognize?](https://help.kalshi.com/transfer-funds/transfers-faq#why-is-my-connected-bank-account-showing-numbers-i-dont-recognize) * [Why is my debit withdrawal not transferred instantly?](https://help.kalshi.com/transfer-funds/transfers-faq#why-is-my-debit-withdrawal-not-transferred-instantly) * [Why can't I withdraw all of my funds right now?](https://help.kalshi.com/transfer-funds/transfers-faq#why-cant-i-withdraw-all-of-my-funds-right-now) * [How do I remove a connected debit card/bank account?](https://help.kalshi.com/transfer-funds/transfers-faq#how-do-i-remove-a-connected-debit-card-bank-account) * [Can I cancel a deposit once it is made?](https://help.kalshi.com/transfer-funds/transfers-faq#can-i-cancel-a-deposit-once-it-is-made) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Crypto Withdrawals | Kalshi Help Center To begin the process of a crypto withdrawal, first make sure that all funds you wish to withdraw are in your 'cash' balance. After that the process is very straightforward. 1. Navigate to the "transfers' tab by selecting the drop down menu in the top right corner. 2. Select 'Withdraw from Kalshi.' 3. Select 'Crypto' as the withdrawal method. 4. Follow the steps provided by ZeroHash to transfer funds back to your wallet address. 5. Complete the transaction. 1. Funds should arrive back to the wallet within 30 minutes of the withdrawal completion. circle-info In order to withdraw via crypto, a crypto deposit is required to have been made in the past. Last updated 5 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Trading | Kalshi Help Center [arrow-down-up-across-lineOrder Typeschevron-right](https://help.kalshi.com/trading/order-types) [bag-shoppingBuying Positionschevron-right](https://help.kalshi.com/trading/buying-positions) [badge-dollarSelling Positionschevron-right](https://help.kalshi.com/trading/selling-positions) [file-invoice-dollarFeeschevron-right](https://help.kalshi.com/trading/fees) [code-compareBuying Yes vs Selling Nochevron-right](https://help.kalshi.com/trading/buying-yes-vs-selling-no) [toggle-onAdvanced Optionschevron-right](https://help.kalshi.com/trading/advanced-options) [clock-eightWhat are trading hours?chevron-right](https://help.kalshi.com/trading/what-are-trading-hours) [people-arrowsWho are you trading with?chevron-right](https://help.kalshi.com/trading/who-are-you-trading-with) [trophyLeaderboardchevron-right](https://help.kalshi.com/trading/leaderboard) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Crypto Deposits | Kalshi Help Center [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/crypto-deposits#how-do-i-deposit-with-crypto) How do I deposit with crypto? ----------------------------------------------------------------------------------------------------------------------------------------------- * Select "Add funds" * Select the "Crypto" option * You will then be taken to our crypto transfer service provider Zero Hash where you will follow their step-by-step process * Select one of the supported assets (see below) you want to transfer * Select the network you will transfer on * Confirm you are sending the correct asset on your desired network * Go to your wallet to initiate the deposit either through the provided QR code or by copying the deposit address [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/crypto-deposits#important-information) Important information -------------------------------------------------------------------------------------------------------------------------------- * To ensure your deposit is successful please ensure you are only sending an asset that is supported * Crypto deposits have a limit of $500,000 * Transfers can take up to 30 minutes to be applied to your cash balance in Kalshi circle-info Our crypto transfers are handled by our crypto transfer service provider Zero Hash, they help in converting these transfers to and from fiat. More information regarding crypto transfers with Zero Hash can be found [herearrow-up-right](https://zerohash.zendesk.com/hc/en-us/sections/360003243954-Deposits-Withdrawals) . Last updated 4 months ago Was this helpful? * [How do I deposit with crypto?](https://help.kalshi.com/transfer-funds/deposit-funds/crypto-deposits#how-do-i-deposit-with-crypto) * [Important information](https://help.kalshi.com/transfer-funds/deposit-funds/crypto-deposits#important-information) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Wire Deposits | Kalshi Help Center ### [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/wire-deposits#how-to-send-a-wire) How to Send a Wire ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FnR06uPskzWBNtuDa4mr2%252Fimage.png%3Falt%3Dmedia%26token%3D277ca52f-d1f1-437d-b43b-78ed2f058894&width=768&dpr=4&quality=100&sign=b280c70e&sv=2) If you want to send a wire, instructions can be found under the transfers section of the app/website and then selecting 'Wire Transfer' as well as on the PDF above. ### [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/wire-deposits#inquiring-about-the-status-of-your-funds) Inquiring about the status of your funds? Wires must be received (not sent) by Kalshi Klear LLC before 4pm ET to ensure attribution within 1 business day. Wires will be processed in the order they arrive. Wires that do not adhere to all the guidelines below will be delayed or returned. * Wires less than $1,000 will NOT be accepted and will be returned to the sender * Wires that do not include your unique Kalshi memo code will be delayed or returned * Wires from a bank account not containing a name that matches your Kalshi account will be delayed or returned * All ACH transfers to this wire-only account will be returned. If you **still** have questions about your wire, please email [\[email protected\]](https://help.kalshi.com/cdn-cgi/l/email-protection) with the following information: * Full name and email on your Kalshi account * Your unique Kalshi memo code * Screenshot or PDF of the wire confirmation * Name of the bank funds were sent from * **The fed reference number, FED#** Last updated 1 month ago Was this helpful? * [How to Send a Wire](https://help.kalshi.com/transfer-funds/deposit-funds/wire-deposits#how-to-send-a-wire) * [Inquiring about the status of your funds?](https://help.kalshi.com/transfer-funds/deposit-funds/wire-deposits#inquiring-about-the-status-of-your-funds) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Security Holds | Kalshi Help Center **Withdrawal Hold Periods** For security, we place temporary holds on deposited funds before they're available for withdrawal. The hold duration depends on your deposit method: **Debit Card Deposits:** * Available for withdrawal after **3 days** **Bank Transfer Deposits:** * Withdrawing to the **same bank:** Available after **7 days** * Withdrawing to a **different bank:** Available after **30 days** These security holds help protect your account and ensure safe transactions. Last updated 3 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Bank Withdrawals | Kalshi Help Center To begin the process of a bank account withdrawal, first make sure that all funds you wish to withdraw are in your 'cash' balance. After that, the process is very straightforward. 1. Navigate to the "transfers' tab by selecting the drop-down menu in the top right corner. 2. Select 'Withdraw from Kalshi.' 3. Select 'Bank Transfer' as the withdrawal method. 4. Choose the linked bank account you wish to withdraw the funds into. 5. Complete the transaction. circle-info No limits and no fees! Can take 3-4 business days for funds to show up in your bank account. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Markets | Kalshi Help Center [booksMarkets 101chevron-right](https://help.kalshi.com/markets/markets-101) [firePopular Marketschevron-right](https://help.kalshi.com/markets/popular-markets) [dropletMarket Maker Programchevron-right](https://help.kalshi.com/markets/market-maker-program) [mergeComboschevron-right](https://help.kalshi.com/markets/combos) [questionMarket FAQschevron-right](https://help.kalshi.com/markets/market-faqs) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Bank Deposits | Kalshi Help Center [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/bank-deposits#how-to-deposit) How to deposit ---------------------------------------------------------------------------------------------------------------- 1. Select "Add funds" 2. Select the "Bank transfer" option 3. Select the connected bank account you want to deposit from 1. If this is your first time connecting a bank account you will be directed to connect your account through Aeropay - a secure service that facilitates the connection between your bank and Kalshi. 4. Enter the amount you want to deposit 5. Review transfer and add funds. [hashtag](https://help.kalshi.com/transfer-funds/deposit-funds/bank-deposits#important-information) Important information ------------------------------------------------------------------------------------------------------------------------------ * Only bank accounts in your name can be linked to your Kalshi account * Ensure there are enough funds in your bank account to cover the amount that you are wanting to deposit * It can take 1-3 business days before the funds are withdrawn from your bank account * VoIP phone numbers are not accepted through Aeropay circle-info Bank transfers are processed through our partner Aeropay. For more details about ACH transfers with Aeropay, see [herearrow-up-right](https://www.aeropay.com/personal/support) . Last updated 2 months ago Was this helpful? * [How to deposit](https://help.kalshi.com/transfer-funds/deposit-funds/bank-deposits#how-to-deposit) * [Important information](https://help.kalshi.com/transfer-funds/deposit-funds/bank-deposits#important-information) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Quick Orders | Kalshi Help Center A Quick Order, also known as a market order, is a request to immediately buy a specific number of contracts at the best available price. Quick orders execute with no delay. For this reason, quick orders are the simplest and fastest way to make a trade on Kalshi. When placing a Quick Order, specify the quantity and direction (Yes or No) you want, and Kalshi will get you those contracts as cheaply as possible. If your order is large, there may not be enough shares available at the best price to fulfill your desired quantity. This means your order can span multiple prices. circle-info Consider a market where the Yes sides of 500 contracts are offered at the best price of 10¢, and more are offered at 12¢. If you place a quick order for 1000 contracts, you’ll buy 500 at 10¢ each and another 500 for 12¢ each, for an average price of 11¢. The order panel accounts for this automatically; it would show you an average price of 11¢ in this example. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Limit Orders | Kalshi Help Center ### [hashtag](https://help.kalshi.com/trading/order-types/limit-orders#what-is-a-limit-order) **What is a limit order?** A **limit order** is a powerful tool for investors looking to have greater control over their trades, particularly in the context of purchasing contracts. Unlike market orders, which execute immediately at the current market price, a limit order allows you to specify the **maximum price** you're willing to pay for a contract. This strategic approach ensures that you do not pay more than you intend, potentially leading to savings and better investment outcomes. When you set a limit order, you are essentially telling the market that you are looking for a deal at your price or better. If the market can match your offer—if there's a seller willing to accept your price or offer an even lower one—then your order will be executed. This mechanism is particularly beneficial in volatile markets where prices can fluctuate rapidly, as it locks in the price you are comfortable with. Moreover, utilizing limit orders can significantly differ from the prices you see in the **Quick Order** panel, which generally reflects the current market price or a close approximation in fast-moving markets. The ability to choose your price with a limit order provides a tactical edge, allowing for more precise financial planning and strategy execution. It's important to note, however, that there is no guarantee a limit order will be filled. If the market does not reach your specified price, your order may remain unfilled. This outcome can be a double-edged sword: while you protect yourself from overpaying, you may also miss the opportunity to purchase a contract if the price never meets your limit. Thus, when using limit orders, it's crucial to balance your desire for a better price with the risk of potentially missing out on the contract altogether. ### [hashtag](https://help.kalshi.com/trading/order-types/limit-orders#when-to-use-limit-orders) **When to use limit orders** **The Advantages of Using Limit Orders** Limit orders are an essential tool for traders looking to control their entry and exit points without incurring additional costs. Here are some key benefits of using limit orders: ### [hashtag](https://help.kalshi.com/trading/order-types/limit-orders#avoiding-trading-fees) **Avoiding Trading Fees** A significant benefit of placing a limit order is the potential to **avoid trading fees** entirely. When you set a limit order that sits on the order book and gets filled by another trader, you effectively bypass the fees typically associated with the trade. This strategy can lead to substantial savings over time, especially for frequent traders. Make sure to check out our current fee page [herearrow-up-right](https://kalshi.com/fee-schedule) . [file-invoice-dollarFeeschevron-right](https://help.kalshi.com/trading/fees) circle-info Trading fees are only charged for orders that are immediately matched with orders sitting on the orderbook. Trading fees are not charged for orders placed that are not immediately matched and are instead left as resting orders on the orderbook unless they are included in our “Maker Fees” section. ### [hashtag](https://help.kalshi.com/trading/order-types/limit-orders#precise-price-execution) **Precise Price Execution** Using a limit order allows you to specify the exact price at which you're willing to buy or sell a contract. For example, suppose you wish to purchase 1000 contracts at a specific rate, say 79c each, rather than the current market rate of 80c. By doing so, you can save on the total cost of the position and avoid additional fees, likened to saving the equivalent of a deluxe meal. ### [hashtag](https://help.kalshi.com/trading/order-types/limit-orders#encouraging-market-liquidity) **Encouraging Market Liquidity** Kalshi rewards traders for adding liquidity to the market by eliminating fees on some maker orders. This incentive encourages traders to use limit orders, promoting a more liquid and efficient market. ### [hashtag](https://help.kalshi.com/trading/order-types/limit-orders#meeting-specific-quantity-requirements) **Meeting Specific Quantity Requirements** Limit orders can also be practical when you aim to purchase a larger quantity of contracts than what's available at the current rate. You can place a limit order for the desired quantity at your target price. The order gets partially filled with the available contracts, and the remainder is listed on the order book for future fulfillment, ensuring you don't overpay for immediate liquidity. In summary, limit orders offer a strategic advantage by allowing for fee avoidance, price precision, liquidity contribution, and quantity specification in trades. These factors can significantly influence a trader's overall profitability and market engagement. Last updated 9 months ago Was this helpful? * [What is a limit order?](https://help.kalshi.com/trading/order-types/limit-orders#what-is-a-limit-order) * [When to use limit orders](https://help.kalshi.com/trading/order-types/limit-orders#when-to-use-limit-orders) * [Avoiding Trading Fees](https://help.kalshi.com/trading/order-types/limit-orders#avoiding-trading-fees) * [Precise Price Execution](https://help.kalshi.com/trading/order-types/limit-orders#precise-price-execution) * [Encouraging Market Liquidity](https://help.kalshi.com/trading/order-types/limit-orders#encouraging-market-liquidity) * [Meeting Specific Quantity Requirements](https://help.kalshi.com/trading/order-types/limit-orders#meeting-specific-quantity-requirements) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Quick Order Purchase | Kalshi Help Center Quick orders are simple on Kalshi. Simply select the strike you would like to trade on, and the outcome decision (Yes/No). Once that is selected, you can either trade in dollar value, or in # of contracts, and Kalshi will execute your trade to purchase the contracts at the best available price. Sometimes, your order might be split up, with different parts getting filled at different prices until your whole order is complete. This happens because the platform is on the lookout for the best contracts to match your order across various market rates. Even though Kalshi aims to fill your order efficiently and at a good price, larger orders can naturally end up spanning multiple price points. This way, you still get the quantity you want, just spread across different transactions. When placing a Quick Order on Kalshi, you'll need to specify both how many contracts you want and whether you’re going for Yes or No. The platform then tries to snag those contracts for you at the best deal. But with bigger orders, sometimes there aren't enough shares at the ideal price, meaning your order might get filled at several different prices. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FU722A0tZd1IfhbwJmVHu%252FScreen%2520Recording%25202025-02-20%2520at%25201.11.54%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3Dfaa54b17-2624-4005-a129-a7ed696f77ec&width=768&dpr=4&quality=100&sign=a88d68db&sv=2) \*Quick orders can be made by selecting either the 'dollar' or 'contracts' purchase option. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Collateral Return | Kalshi Help Center Collateral return is a mechanism that affects trading in mutually exclusive and directional market groups. This feature can be enabled and is disabled by default for new users. To opt in and receive collateral returns you can go to your account settings [herearrow-up-right](https://kalshi.com/account/settings) and turn on Collateral return: ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252Fa3qaCxmFW0aTPlJ12lmW%252Fimage.png%3Falt%3Dmedia%26token%3D83cc27a2-6f30-4a7e-8198-d91a8dcaafe3&width=768&dpr=4&quality=100&sign=ec5f7e14&sv=2) \*In this photo, collateral return is toggled off. When the icon is green, the option is enabled. This advanced feature gives you cash back early when you buy hedged positions. **Enabling this feature may make you unable to sell positions** for which you’ve already had collateral returned. Your current positions won’t be affected; this setting only applies to future positions. circle-info Collateral return eligibility is determined at the event level and can not be changed once a resting order or trade has been placed. ### [hashtag](https://help.kalshi.com/trading/advanced-options/collateral-return#mutually-exclusive-collateral-return) Mutually exclusive collateral return A hypothetical example of a mutually exclusive market group is “Who will be confirmed as the Secretary of State?” with the markets: * “Will Hillary Clinton be confirmed as Secretary of State?” * “Will Rex Tillerson be confirmed as Secretary of State?” * “Will John Kerry be confirmed as Secretary of State?” There can only be one confirmed Secretary of State, so there are only four possibilities at settlement: exactly one of the three markets resolves to Yes, or all three markets resolve to No. In this example, you buy No in “Hillary Clinton” for 60¢ and No in “John Kerry” for 70¢. You've invested a total of $1.30, but you'd be guaranteed to be paid out $1 by at least one of your positions: * If Hillary Clinton is confirmed, your John Kerry position will be correct. * If Rex Tillerson is confirmed, both your positions will be correct. * If John Kerry is confirmed, your Hillary Clinton position will be correct. * If none of the three are confirmed, both your positions will be correct. Therefore, the maximum amount you could lose at settlement is $1.30 - $1 = $0.30. Instead of taking the full $1.30 of your available funds, we take only $0.30 and mark down your position value by the returned $1, leading to an invested value of $0.30. If you hold both contracts until settlement, then you will receive $1 if both your positions were correct (neither Hillary Clinton nor John Kerry is confirmed) and $0 if one of them is. It’s important to remember that collateral return applies only to trades involving the non-mutually exclusive sides of mutually exclusive multi-market events. In the above examples and in most cases you’ll see on Kalshi, it would apply only when buying and selling No positions. ### [hashtag](https://help.kalshi.com/trading/advanced-options/collateral-return#directional-collateral-return) Directional collateral return A hypothetical example of a direction market group is “TSA check-ins today?” with the markets: * "Will there be above 1,000,000 TSA check-ins today?" * "Will there be above 2,000,000 TSA check-ins today?" * "Will there be above 3,000,000 TSA check-ins today?" If it is true that there are above 3,000,000 TSA check-ins today then it must be true that there were above 2,000,000 TSA check-ins today. In this example, you buy Yes for "above 1,000,000 check-ins" for 80¢ and No for "above 3,000,000 check-ins" for 70¢. You've invested a total of $1.50, but you'd be guaranteed to be paid out $1 by at least one of your positions: * If there are 500,000 TSA check-ins today, your No for "above 3,000,000 check-ins" will be correct. * If there are 2,000,000 TSA check-ins today, both your positions will be correct. * If there are 4,000,000 TSA check-ins today, your Yes for "above 1,000,000 check-ins" will be correct. Therefore, the maximum amount you could lose at settlement is $1.50 - $1 = $0.50. Instead of taking the full $1.50 of your available funds, we take only $0.50 and mark down your position value by the returned $1, leading to an invested value of $0.50. If you hold both contracts until settlement, then you will receive $1 if both your positions are correct (there are 2,000,000 TSA check-ins today). Last updated 8 months ago Was this helpful? * [Mutually exclusive collateral return](https://help.kalshi.com/trading/advanced-options/collateral-return#mutually-exclusive-collateral-return) * [Directional collateral return](https://help.kalshi.com/trading/advanced-options/collateral-return#directional-collateral-return) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Buying Positions | Kalshi Help Center [person-running-fastQuick Order Purchasechevron-right](https://help.kalshi.com/trading/buying-positions/quick-order-purchase) [arrow-down-arrow-upLimit Order Purchasechevron-right](https://help.kalshi.com/trading/buying-positions/limit-order-purchase) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Limit Order Purchase | Kalshi Help Center When you use a limit order, you set the exact price at which you're willing to buy or sell. For example, if you want to buy 1000 contracts at 79 cents each, rather than the current market price of 80 cents, you can do that. This approach can reduce the total cost and help avoid extra fees. You first enter the amount of contracts you wish to purchase at the limit price, and then you enter the limit price that you are willing to buy said contracts at. If contracts are then being sold at your limit price (or lower), Kalshi will execute the purchase of those contracts. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FJD1Lro5sZLqPpPxnG61q%252FScreen%2520Recording%25202025-02-20%2520at%25201.28.59%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3Daf1a4e54-91fb-4dc1-816b-67d961ab53b5&width=768&dpr=4&quality=100&sign=42754000&sv=2) \*Limit order purchase used to specify price you are willing to buy at. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Flip Selling | Kalshi Help Center Flip selling is a strategy employed in trading where an individual attempts to sell more contracts or shares of a particular option than they currently possess. This technique is often used to leverage potential market movements and can involve various steps and outcomes. For instance, consider a situation where a trader holds 5 contracts of a "no" position but aims to sell 10 contracts. In such a scenario, the trader would sell their existing 5 "no" contracts. To fulfill the remaining portion of the sell order, they would also initiate the purchase of 5 "yes" contracts. This transaction effectively creates a balanced position wherein the investor maintains influence over both sides of the option, allowing them to capitalize on favorable market shifts. Flip selling requires careful analysis and a good understanding of market dynamics, as the goal is to position oneself advantageously for potential profit. Traders frequently use this method in volatile markets, where prices are subject to rapid and significant fluctuations, thereby increasing the potential for an advantageous flip. However, it also involves risks since incorrect predictions might result in losses or necessitate adjustments to the investment strategy. Overall, flip selling can be a sophisticated tool for experienced traders, allowing them to dynamically react and adjust their positions in response to market conditions, aiming for substantial returns. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F5UQcbLEgvIkef4wdlYR3%252Fimage.png%3Falt%3Dmedia%26token%3Da9802bd4-3b40-4392-8215-5b562c42ca5b&width=768&dpr=4&quality=100&sign=7b52632e&sv=2) \*Flip selling is enabled in this photo. To turn on or off, head over to your account settings! Last updated 5 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Limit Order Sale | Kalshi Help Center Selling a limit order requires the same steps as purchasing one. Once you own contracts on a given market, you are able to create a limit order sale where you specify a certain price (or higher) that you are willing to sell at. You first select the amount of contracts from your position you wish to create a limit order for and then select the limit price you are willing to sell them at. Once those are completed, you can submit the limit sale, and if a trader is willing to make a bid for the contracts at your price or higher, then the limit order sale will execute. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FQw2u4u9bEFbRb5ZGmhQ8%252FScreen%2520Recording%25202025-02-20%2520at%25201.33.45%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D1ef20932-b451-407c-a9a9-ea85c99694eb&width=768&dpr=4&quality=100&sign=f651b4ba&sv=2) \*Limit order sell used to set specific price you are willing to sell at. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # What are trading hours? | Kalshi Help Center Kalshi is now open for trading 24/7 (with exceptions for maintenance). Scheduled maintenance windows will occur, and trading will not be available on Kalshi, during the following times: On a regular basis, from the hours of 3:00 AM ET to 5:00 AM ET on Thursdays. ### [hashtag](https://help.kalshi.com/trading/what-are-trading-hours#when-can-i-trade-on-kalshi) When can I trade on Kalshi? Day Trading Hours Sunday 24 Hours Monday 24 Hours Tuesday 24 Hours Wednesday 24 Hours Thursday 22 hours **(closed for maintenance 3:00–5:00 AM ET)** Friday 24 Hours Saturday 24 Hours Last updated 19 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Selling Positions | Kalshi Help Center [person-running-fastQuick Order Salechevron-right](https://help.kalshi.com/trading/selling-positions/quick-order-sale) [arrow-down-arrow-upLimit Order Salechevron-right](https://help.kalshi.com/trading/selling-positions/limit-order-sale) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Fees | Kalshi Help Center Kalshi makes money by charging a transaction fee on the expected earnings on the contract. The complete Fee Schedule, and the math behind the fees, are posted at the bottom of our website - or you can find the link [herearrow-up-right](https://kalshi.com/docs/kalshi-fee-schedule.pdf) . Some markets have fees that are different from those of other markets. This is often due to special events (such as the election, awards ceremony, or a large sporting championship). ### [hashtag](https://help.kalshi.com/trading/fees#maker-fees) Maker Fees In some cases, markets will have maker fees associated with them. Maker fees are charged for orders placed that are not immediately matched and are instead left as resting orders on the orderbook. These fees are only charged when a trade is ultimately executed, there are no fees associated with canceling a resting order. To view more details about these fees, you can refer to our complete Fee Schedule [herearrow-up-right](https://kalshi.com/docs/kalshi-fee-schedule.pdf) . ### [hashtag](https://help.kalshi.com/trading/fees#where-to-find-fees) Where to Find Fees ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FscZzl1dTMfyQ13EflZfC%252FScreenRecording_02-27-2025%252016-11-24_1.gif%3Falt%3Dmedia%26token%3Da8748a31-7d79-4c37-be6e-a24919215c73&width=768&dpr=4&quality=100&sign=17527a6b&sv=2) \*Fees can be seen my clicking in 'i' icon to the right of 'You're buying' Last updated 9 months ago Was this helpful? * [Maker Fees](https://help.kalshi.com/trading/fees#maker-fees) * [Where to Find Fees](https://help.kalshi.com/trading/fees#where-to-find-fees) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Tax Info | Kalshi Help Center Users who hit certain reporting thresholds as defined by the IRS will receive the following documentation from Kalshi. **1099-INT** - contains interest payments from Kalshi **1099-MISC** - contains credit/rewards from Kalshi **1099-B** - contains transaction proceeds from broker transactions (crypto transfers) * We use the FIFO (First-In-First-Out) accounting method to compute profits and losses. * Your trading activity information, segmented by year, is updated monthly. The Profit and Loss (PnL) figure includes fees and any rebates. Note that a mid-month PnL review may not reflect the latest data, as updates occur on the first morning of each month. * This information and the information included in the P&L are not tax advice, and Kalshi cannot give members advice on their taxes. It is intended as a tool to assist members, but as always, each member should consult with a tax professional for any questions and is responsible for ensuring the accuracy of all returns. You can find this info in the Account tab under the [Tax Infoarrow-up-right](https://kalshi.com/account/taxes) page. Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Who are you trading with? | Kalshi Help Center Kalshi operates like a stock exchange for events, matching individuals who have differing opinions on event contracts with one another. On Kalshi, you are always trading against another member of the platform, not the exchange itself. You can think of every trade on the platform as a deal taking place between two participants: a “maker” and a “taker”. The maker is the first one to the table: They declare a side they’re willing to buy (Yes or No), how much they’re willing to pay, and how many contracts they are looking to buy at that price. Takers can see all available offers and match with the most generous one. ### [hashtag](https://help.kalshi.com/trading/who-are-you-trading-with#on-kalshi-there-are-three-primary-types-of-traders) On Kalshi, there are **three primary types of traders**: 1. **Directional traders**: individuals or institutions who believe the pricing of a Yes or No contract is attractive relative to the likelihood of that event occurring. 2. **Hedgers**: individuals or institutions who have some external risk (inflation risk, interest rate risk, hurricane risk, etc) and want to protect themselves on the downside using Kalshi’s Event Contracts. Typically, hedgers are willing to pay a slight premium for the contracts, since it is more about protecting the downside, rather than maximizing upside. 3. **Market makers**: common participants in financial markets, a market maker's primary role is to provide liquidity to the market to ensure people can easily enter and exit their positions. One way a market maker does this is by buying a contract, and then soon after selling that contract to someone else at a slightly higher price. Market makers make money by collecting the spread (the difference between the bid and ask) - generally, they don’t have an opinion as to whether the price of a contract should go up or down. There are a number of market makers on Kalshi, primarily individuals and small institutions, who have found it remunerative to play the ever-important market-maker role on Kalshi. You can learn more about marketmaking on Kalshi [herearrow-up-right](https://help.kalshi.com/faq/what-is-the-market-maker-program) . Today most participants in Kalshi fall into the first two categories. Additionally, **the majority of participants on Kalshi today are retail traders**, as opposed to institutional traders. Another significant player on the exchange is Kalshi Trading. Kalshi Trading is a separate entity from Kalshi Exchange - a different company with completely separate operations, and subject to strict informational barriers that prevent any non-public exchange information from being shared; they are a participant on the exchange just like everyone else. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Advanced Options | Kalshi Help Center [scale-balancedCollateral Returnchevron-right](https://help.kalshi.com/trading/advanced-options/collateral-return) [repeatFlip Sellingchevron-right](https://help.kalshi.com/trading/advanced-options/flip-selling) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Contact Kalshi Support | Kalshi Help Center ### [hashtag](https://help.kalshi.com/contact-kalshi-support#still-need-help) Still need help? Reach out to us at [**\[email protected\]**envelope](https://help.kalshi.com/cdn-cgi/l/email-protection#ccbfb9bcbca3beb88ca7ada0bfa4a5e2afa3a1) and we will get back to you as soon as possible. We have a small but mighty team ready to help you out with any issues or questions you might have. All of the Kalshi support team is US-based and human. ### [hashtag](https://help.kalshi.com/contact-kalshi-support#help-us-help-you) Help us help you 1. Send us a detailed description of the issue 2. Send us a screenshot or screen recording (if possible, bonus points for sure) 3. Include information like your Kalshi account email and full name 4. Be respectful and kind (we are all human) Quick heads-up: sending multiple emails can slow things down, so it’s best to send everything in one go! Last updated 8 months ago Was this helpful? * [Still need help?](https://help.kalshi.com/contact-kalshi-support#still-need-help) * [Help us help you](https://help.kalshi.com/contact-kalshi-support#help-us-help-you) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Request to Settle Market | Kalshi Help Center When you believe a market needs to be settled, you can request for it to be settled through the platform. Start by clicking on the options icon located in the lower right corner of the specific market you're interested in. This will bring up several options, including the 'Request to Settle' feature. By selecting this option, you will be asked to choose which strike(s) you think should be settled. Once you've submitted your request, our markets team will thoroughly review all the settlement requests. This process ensures that the market functions efficiently and fairly for all participants. Your proactive participation aids in maintaining the integrity and fluidity of the market environment. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FYpTehlzV4DtTZj9O82zo%252FScreen%2520Recording%25202025-02-20%2520at%25206.21.13%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3Db085b152-05db-4fb3-bf9a-bc6f17e58135&width=768&dpr=4&quality=100&sign=f2fd76fd&sv=2) \*Markets will be reviewed if settlement is requested. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Documents and Taxes | Kalshi Help Center [filesTrading Historychevron-right](https://help.kalshi.com/documents-and-taxes/trading-history) [hand-holding-circle-dollarTax Infochevron-right](https://help.kalshi.com/documents-and-taxes/tax-info) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Kalshi Ideas | Kalshi Help Center ### [hashtag](https://help.kalshi.com/navigating-the-exchange/kalshi-ideas#what-is-kalshi-ideas) What is Kalshi Ideas Kalshi Ideas is more than just a platform; it's a community hub for traders. It's where the Kalshi conversation truly happens. Imagine it as a virtual trading pit, but without the shouting and yelling. It's a space to share your trading triumphs, dissect your missteps, and exchange ideas with fellow traders. Whether you're a seasoned pro looking to refine your strategy or a newbie eager to learn the ropes, Kalshi Ideas has something to offer. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252F25fWRgd4Gzl459RT917U%252Fimage.png%3Falt%3Dmedia%26token%3D846ee7b3-c214-46ab-9fb1-31b58cec6748&width=768&dpr=4&quality=100&sign=8b4f1f98&sv=2) We're building a place where everyone feels comfortable sharing their perspective. No matter if you're bullish or bearish, your opinion counts. By creating an open and inclusive environment, we hope to foster a deeper understanding of the markets and help traders make more informed decisions. It's not just about trading; it's about connecting with a community of like-minded individuals who share a passion for the markets. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FHDU41qbr2IIfc4Am23mL%252Fimage.png%3Falt%3Dmedia%26token%3D8c388cc6-ebc1-4783-89ea-0dc3c4493d14&width=768&dpr=4&quality=100&sign=5fc99f62&sv=2) ### [hashtag](https://help.kalshi.com/navigating-the-exchange/kalshi-ideas#some-friendly-reminders-regarding-kalshi-ideas) Some Friendly Reminders Regarding Kalshi Ideas * Kalshi Ideas is provided for the convenience of Kalshi’s members. * The purpose of Kalshi Ideas is to serve the public conversation. * Participation in Kalshi Ideas is governed by our Community Guidelines. * Anyone who meets the eligibility requirements of the Community Guidelines can post and comment on Ideas. * Ideas are not all from the Exchange * The Exchange does not represent that any of the information included posted by others is correct. The posts by the Exchange are accurate. * Kalshi monitors the Ideas platform and retains the right to limit the use and access to it. * Kalshi does not provide trading advice. All information provided by Kalshi is for informational purposes only. Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. Last updated 10 months ago Was this helpful? * [What is Kalshi Ideas](https://help.kalshi.com/navigating-the-exchange/kalshi-ideas#what-is-kalshi-ideas) * [Some Friendly Reminders Regarding Kalshi Ideas](https://help.kalshi.com/navigating-the-exchange/kalshi-ideas#some-friendly-reminders-regarding-kalshi-ideas) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Leaderboard | Kalshi Help Center Kalshi's leaderboard is a dynamic feature that allows you to track your trading performance and compete against other traders in a fun and engaging way. While you're automatically opted out of the leaderboard by default, you have the flexibility to opt in at any time. This feature provides a valuable tool for measuring your trading success, identifying areas for improvement, and setting new goals. By joining the leaderboard, you can see how your performance stacks up against other traders, compare your trading strategies and celebrate your achievements. It's a great way to stay motivated, learn from others, and foster a sense of community within the Kalshi platform. Whether you're a seasoned pro or just starting out, the leaderboard offers a friendly and competitive environment to showcase your trading skills and celebrate your successes. ### [hashtag](https://help.kalshi.com/trading/leaderboard#how-do-i-opt-in) How do I opt in? ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FgiQporzY3iPMx6ywHp8j%252FHow%2520to%2520opt%2520in%2520to%2520social%2520features.gif%3Falt%3Dmedia%26token%3D4903b127-3437-4bc7-85c8-ac5a9b18633e&width=768&dpr=4&quality=100&sign=fbb65aaa&sv=2) ### [hashtag](https://help.kalshi.com/trading/leaderboard#how-do-i-opt-out) How do I opt out? ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FLesXD4V9erGqp6mBjGoB%252FHow%2520to%2520opt%2520out%2520of%2520social%2520features.gif%3Falt%3Dmedia%26token%3D0dbe16f3-63bb-4f04-8f25-bb946f60eea1&width=768&dpr=4&quality=100&sign=4beb114&sv=2) Last updated 10 months ago Was this helpful? * [How do I opt in?](https://help.kalshi.com/trading/leaderboard#how-do-i-opt-in) * [How do I opt out?](https://help.kalshi.com/trading/leaderboard#how-do-i-opt-out) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Cash | Kalshi Help Center The 'cash' value is the number of unallocated funds that a trader has in their account at any given moment. These are the funds that are not yet invested in any particular positions or markets and are considered liquid assets. This liquidity affords traders the agility to respond quickly to market developments and opportunities without the delay of waiting for funds to clear from investments. Uninvested funds in the cash balance can be quickly allocated to trades or withdrawn as needed, thus offering a seamless and user-friendly trading experience. If a trader is planning to withdraw their funds from Kalshi, it is important that they first ensure all funds are moved to the 'cash' tab within their account. This is an essential step because only funds categorized as 'cash' are eligible to be withdrawn from the platform. Without moving funds to this category, the withdrawal process cannot be successfully carried out. When a trader makes a deposit into their Kalshi account, the funds they add are initially applied to their cash balance. This cash balance serves as a holding area where traders can monitor and manage their available funds. From this cash balance, traders have the flexibility to purchase positions in any of the open markets that Kalshi offers. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FulEDl6c4IzCgcZQFJPxP%252Fimage.png%3Falt%3Dmedia%26token%3Dd39363ce-5e1b-440c-9777-0afcd5ee7f5f&width=768&dpr=4&quality=100&sign=81be0c2&sv=2) Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Navigating the Exchange | Kalshi Help Center [folder-openYour Portfoliochevron-right](https://help.kalshi.com/navigating-the-exchange/your-portfolio) [booksFinding Marketschevron-right](https://help.kalshi.com/navigating-the-exchange/finding-markets) [lightbulbKalshi Ideaschevron-right](https://help.kalshi.com/navigating-the-exchange/kalshi-ideas) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Kalshi API | Kalshi Help Center To get started with the API, please check the [API documentationarrow-up-right](https://docs.kalshi.com/welcome) and follow the tutorials and instructions there. Through Kalshi's API, you’ll gain access to information about your own orders, trades, portfolio, and portfolio history, as well as all markets’ order books and a limited number of stats about each of them. The API will also give you access to public information on the exchange, like market data. Currently, the API is implemented as a REST API. P.S. We highly recommend joining our Discord for developer support, assistance, and to connect with our community in the `#dev` channel. [Click here to join our Discordarrow-up-right](https://discord.gg/kalshi) , we would love to have you join us! Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Buying Yes vs Selling No | Kalshi Help Center On Kalshi, there's a fundamental truth that might surprise some new traders: **there's no inherent difference between buying a Yes contract and selling a No contract, or vice versa.** Our backend system treats these two actions as essentially the same thing. Let's break it down: * **Market Equilibrium:** Each Kalshi market is designed to maintain a state of equilibrium. This means that the combined value of all Yes and No contracts for a given market always equals $1. * **Interconnected Trades:** When you buy a Yes contract, you're essentially betting on the event occurring. Selling a No contract is equivalent to betting on the event happening (you are **short** on the event **not** happening). Both actions have the same impact on the market's equilibrium. * **No Preferential Treatment:** Kalshi's system doesn't favor one side over the other. Whether you're bullish or bearish on a particular outcome, your trade has the same effect on the market's dynamics. #### [hashtag](https://help.kalshi.com/trading/buying-yes-vs-selling-no#so-why-does-it-matter) **So, why does it matter?** While the underlying mechanics are the same, the choice between buying Yes or selling No can be a matter of personal preference or trading strategy. Some traders may find it more intuitive to think in terms of buying a Yes contract, while others may prefer the mindset of selling a No contract. Ultimately, the key is to understand the market dynamics and make trades that align with your beliefs and risk tolerance. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Connect with Us | Kalshi Help Center ### [hashtag](https://help.kalshi.com/connect-with-us#discord) Discord We highly recommend you join our Discord [herearrow-up-right](https://discord.gg/kalshi) where we chat about future ideas and Kalshi. In our Discord we talk about market ideas, answer questions, and provide a space for developers to discuss Kalshi's powerful API. It would be great to have you become a part of that community and we look forward to seeing you on those channels. ### [hashtag](https://help.kalshi.com/connect-with-us#instagram) Instagram Connect with us on Instagram by clicking [herearrow-up-right](https://www.instagram.com/kalshi/?hl=en) . By following our official Instagram page, you'll stay up-to-date with the latest updates, news, and behind-the-scenes content. Don't miss out on our exciting posts and be part of our growing community! ### [hashtag](https://help.kalshi.com/connect-with-us#x-twitter) X (Twitter) See what's going on at Kalshi by following our X [herearrow-up-right](https://x.com/Kalshi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor&mx=2) . Our X feed is a hub for all the latest news, updates, and discussions around the vibrant world of Kalshi. Don't forget to turn on notifications so you can instantly receive updates and never miss a beat! ### [hashtag](https://help.kalshi.com/connect-with-us#linkedin) LinkedIn Check us out and give us a follow on LinkedIn [herearrow-up-right](https://www.linkedin.com/company/kalshi/posts/?feedView=all) . ### [hashtag](https://help.kalshi.com/connect-with-us#tiktok) TikTok Check us out and give us a follow on TikTok [herearrow-up-right](https://www.tiktok.com/@kalshi_markets) . Last updated 2 months ago Was this helpful? * [Discord](https://help.kalshi.com/connect-with-us#discord) * [Instagram](https://help.kalshi.com/connect-with-us#instagram) * [X (Twitter)](https://help.kalshi.com/connect-with-us#x-twitter) * [LinkedIn](https://help.kalshi.com/connect-with-us#linkedin) * [TikTok](https://help.kalshi.com/connect-with-us#tiktok) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Quick Order Sale | Kalshi Help Center Selling a quick order is very similar to the purchasing actions. You can simply navigate over to the 'sell' tab of the market, and the number of contracts you have able to be sold will be shown under 'Your Position.' Once you select how many contracts you wish to sell, Kalshi will provide traders with the average price of those contracts as well as the estimated payout. From there, it is as simple as clicking 'submit' and your quick order sale will be executed. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F7Q5v7RSg97HDUkwqUel8%252FScreen%2520Recording%25202025-02-20%2520at%25201.11.54%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D1e5e6e73-2d57-4ab9-81ec-6d35be31621f&width=768&dpr=4&quality=100&sign=f8689fea&sv=2) \*Quick order sales are used to sell a specific amount of your contracts at the current market price. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # APY on Kalshi | Kalshi Help Center At Kalshi, we're committed to providing the best possible trading experience. That's why we're excited to introduce interest accrual on your cash and open positions. This means that you will also earn interest on the underlying collateral for your positions. In other words, even before a market is resolved, your positions can earn a return. ### [hashtag](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#why-is-this-awesome-for-kalshi-users) **Why is this awesome for Kalshi users?** * **Take longer positions:** Interest accrual allows you to hold your positions for a longer period without worrying about running out of funds. * **Get paid while you hold:** Watch your account balance grow as your positions accrue interest. * **Maximize your returns:** Combine the potential profits from your trades with the interest earned on your account balance**!** ### [hashtag](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#interest-rates-and-payments) Interest Rates and Payments The interest rate is set at 3.25% and will apply to all eligible accounts. This interest rate is variable and can change at any time. Interest is normally paid within the first week of the following month but can take up to 10 business days to process. Kalshi passes on the interest they receive from their banking partners. Once these payments from the bank are received, Kalshi pays out interest to its users! ### [hashtag](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#interest-calculation) Interest Calculation * Interest is paid monthly, but accrual is calculated daily. * The daily accrual is based on the net value of the portfolio at 12am ET each day. #### [hashtag](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#how-do-you-determine-the-net-value-of-the-portfolio) **How do you determine the net value of the portfolio?** * Available funds in the account. * Your portfolio value at the end of the day, based on last traded prices ### [hashtag](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#eligibility) Eligibility * Interest rate accrual program for cash and open positions is currently only available for eligible users in the United States and its territories. * Interest rates are subject to change at any time and are only paid to people with balances of $250 or more. Last updated 9 days ago Was this helpful? * [Why is this awesome for Kalshi users?](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#why-is-this-awesome-for-kalshi-users) * [Interest Rates and Payments](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#interest-rates-and-payments) * [Interest Calculation](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#interest-calculation) * [Eligibility](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi#eligibility) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Markets 101 | Kalshi Help Center [rulerMarket Ruleschevron-right](https://help.kalshi.com/markets/markets-101/market-rules) [gavelMarket Outcomeschevron-right](https://help.kalshi.com/markets/markets-101/market-outcomes) [book-openThe Orderbookchevron-right](https://help.kalshi.com/markets/markets-101/the-orderbook) [chart-lineThe Different Graphschevron-right](https://help.kalshi.com/markets/markets-101/the-different-graphs) [box-ballotSuggesting a New Marketchevron-right](https://help.kalshi.com/markets/markets-101/suggesting-a-new-market) [message-exclamationRequest Additional Strikeschevron-right](https://help.kalshi.com/markets/markets-101/request-additional-strikes) [gavelRequest to Settle Marketchevron-right](https://help.kalshi.com/markets/markets-101/request-to-settle-market) [hand-holding-dollarHow are prices determined?chevron-right](https://help.kalshi.com/markets/markets-101/how-are-prices-determined) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Incentive Programs | Kalshi Help Center [chart-mixed-up-circle-dollarVolume Incentive Programchevron-right](https://help.kalshi.com/incentive-programs/volume-incentive-program) [fill-dripLiquidity Incentive Programchevron-right](https://help.kalshi.com/incentive-programs/liquidity-incentive-program) [hashtag](https://help.kalshi.com/incentive-programs#key-differences-between-the-programs) Key differences between the programs ------------------------------------------------------------------------------------------------------------------------------------ Volume Incentive Program Liquidity Incentive Program Rewards **completed trades** Rewards **resting orders** that provide liquidity Must complete trades to earn rewards Orders don't need to be filled to earn rewards Focuses on trading activity Focuses on improving order book depth Rewards individual trading volume Benefits all traders through better market liquidity Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Bug Bounty Programs | Kalshi Help Center [file-magnifying-glassMarket Bug Bounty Programchevron-right](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program) [globe-pointerApp and Website Bug Bounty Programchevron-right](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # App and Website Bug Bounty Program | Kalshi Help Center ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#purpose) Purpose The purpose of this Bug Bounty Program is to encourage the responsible disclosure of security vulnerabilities in the Kalshi platform. By engaging with the global community of security researchers, we aim to identify and address potential risks, enhancing the overall security and resilience of our platform. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#scope) Scope This bug bounty program covers all web and mobile applications, APIs, and any other digital assets owned and operated by Kalshi. Participants are encouraged to focus on identifying and reporting security vulnerabilities within the scope. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#eligibility) Eligibility 1. The bug bounty program is open to anyone who wishes to participate, excluding employees and contractors of Kalshi. 2. Participants must adhere to the rules outlined in this policy to be eligible for rewards. 3. Responsible Disclosure 1. Bug bounty hunters must responsibly disclose any identified vulnerabilities promptly and exclusively to Kalshi. 2. Participants should avoid unauthorized access to, or manipulation of, sensitive data, and should not disclose the vulnerability publicly until it has been resolved. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#reporting) Reporting 1. Reports should be submitted via the designated bug bounty submission form, email address or other approved channels. 2. Provide a detailed description of the identified vulnerability, including steps to reproduce and any supporting evidence. 3. Include contact information for proper communication and reward distribution. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#vulnerability-assessment) Vulnerability Assessment 1. Kalshi will promptly assess the reported vulnerability. 2. The assessment will consider the severity, exploitability, and potential impact on the platform. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#rewards) Rewards 1. Rewards will be provided based on the severity and impact of the reported vulnerability. 2. The reward structure will be determined by Kalshi and may include monetary compensation, recognition, or other non-monetary incentives. 3. Bug bounty hunters may be recognized publicly for their contributions with their consent. 4. Kalshi reserves the right to publicly acknowledge and thank participants for their efforts. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#non-disclosure) Non-Disclosure 1. Participants must keep all information related to identified vulnerabilities confidential until Kalshi publicly discloses the resolution. 2. Kalshi employees must keep confidential information from the participants during communications. 3. Kalshi commits to handling all bug reports with the utmost confidentiality. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#program-modifications) Program Modifications 1. Kalshi reserves the right to modify or terminate the bug bounty program at any time in its sole discretion. 2. Changes to the program will be communicated to participants through the designated communication channels. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#legal-protections) Legal Protections 1. Kalshi commits to not pursue legal action against individuals who report vulnerabilities in accordance with this bug bounty program. 2. Participants must comply with all applicable laws and regulations during their engagement. 3. Contact Information For bug submissions, inquiries, or additional information, please contact [\[email protected\]envelope](https://help.kalshi.com/cdn-cgi/l/email-protection#7e0d0b0e0e110c0a3e151f120d1617501d1113) . Last updated 2 months ago Was this helpful? * [Purpose](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#purpose) * [Scope](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#scope) * [Eligibility](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#eligibility) * [Reporting](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#reporting) * [Vulnerability Assessment](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#vulnerability-assessment) * [Rewards](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#rewards) * [Non-Disclosure](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#non-disclosure) * [Program Modifications](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#program-modifications) * [Legal Protections](https://help.kalshi.com/bug-bounty-programs/app-and-website-bug-bounty-program#legal-protections) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Kalshi Merch | Kalshi Help Center Show love for your favorite prediction market! Head over to the brand new Kalshi shop [herearrow-up-right](https://shop.kalshi.com/) and check out all of the latest arrivals! Whether you are looking for the classic t-shirt and hat combo, or a new pullover for chillier days, there's no better way to say "I love prediction markets" than with Kalshi merch. Last updated 6 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # The Orderbook | Kalshi Help Center The order book displays all the resting orders available on the market. It displays the quantity of resting orders available as well as their corresponding prices. A resting order is an offer to purchase contracts at a certain price that is not matched immediately. In the event contract below, the order book displays all the resting orders and their corresponding price. As the order book shows, there are 5,010 contracts available to **buy** on the Yes side for $0.74 each and 75,000 contracts available to **sell** on the Yes side for $0.71 each. This means someone is bidding as high as $0.71 for Yes shares and someone is selling as low as $0.74 for Yes shares. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FJom7QeeM4hvLL2sQAKEY%252Fimage.png%3Falt%3Dmedia%26token%3D76db9d62-37d3-427f-9db4-500742a8b9f8&width=768&dpr=4&quality=100&sign=d6dc4d12&sv=2) In the event contract below, the order book displays all the resting orders and their corresponding price. As the order book shows, there are 75,000 contracts available to **buy** on the No side for $0.29 each and 5,010 contracts available to **sell** on the No side for $0.26 each. This means someone is bidding as high as $0.26 for No shares and someone is selling as low as $0.29 for No shares. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FpqDj1fX3e4JE63AOdEhS%252Fimage.png%3Falt%3Dmedia%26token%3D7cfa01e3-6ccc-4a30-a05d-a69ad365cd91&width=768&dpr=4&quality=100&sign=5f734f9f&sv=2) On Kalshi, the order book can be toggled to display resting orders in terms of bids, the maximum price a buyer is willing to pay for that contract, or asks, the minimum price that a member is willing to sell that contract for. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Your Portfolio | Kalshi Help Center [money-bill-trend-upPortfoliochevron-right](https://help.kalshi.com/navigating-the-exchange/your-portfolio/portfolio) [sack-dollarCashchevron-right](https://help.kalshi.com/navigating-the-exchange/your-portfolio/cash) [chart-mixed-up-circle-dollarAPY on Kalshichevron-right](https://help.kalshi.com/navigating-the-exchange/your-portfolio/apy-on-kalshi) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Finding Markets | Kalshi Help Center Kalshi offers a broad array of markets for traders to explore and engage in. These markets span various sectors, including Politics, Sports, Culture, Crypto, and numerous others. This extensive range ensures that every trader can find something aligned with their interests and trading strategies. Navigating these diverse markets is made straightforward by Kalshi's platform design. Traders have the ability to browse through different topic tabs, allowing them to easily locate markets that capture their interest or align with their expertise. This approach helps traders efficiently explore new opportunities or focus on their preferred trading domains. For those seeking to capitalize on current trends, there is an option to select the 'trending' filter. This feature highlights markets that are currently hot and popular among fellow Kalshi traders. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F7LNuVK4JH1BIf63h57uW%252FScreen%2520Recording%25202025-02-20%2520at%25202.15.48%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D2832e9c1-3b13-44b9-be56-dd21617fdb40&width=768&dpr=4&quality=100&sign=e9af049a&sv=2) \*There are hunders of different markets and topics to select from on Kalshi! Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Market Bug Bounty Program | Kalshi Help Center ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#overview) Overview At Kalshi, we strive to create a transparent and fair trading environment. To maintain the integrity of our markets, we are introducing a Kalshi Markets Bug Bounty Program. This program encourages users to report any bugs or ambiguities they discover in our markets. By participating, you help us ensure that our markets operate smoothly and fairly, benefiting the entire Kalshi community. All Kalshi members are eligible to participate in this program regardless of account type. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#how-it-works) How It Works If you find a bug or ambiguity in any of pre-listed markets, we ask that you report it to us privately. In return, you may be eligible for a reward ranging from $25 to $100, depending on the severity and nature of the issue. Bug bounty rewards are awarded on a first come first serve basis so the earlier an issue is reported the more likely you will be to receive a bug bounty. In the rare and unlikely case that an existing market has a bug, we encourage you to report it in the manner defined in the “reporting procedure” section of this program. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#definition-of-a-bug) Definition of a Bug For purposes of this program, a "bug" is defined as any of the following: 1. **Technical Errors:** Contracts where the technical settlement specifications state or imply a settlement different from how a layperson would interpret the contract, unless this difference is intentional and clearly stated on the contract page. 1. Example: A contract intended to settle based on the quarterly GDP growth of the United States mistakenly references the GDP of the United Kingdom. 2. Example: A contract tracking the average daily temperature in New York City accidentally lists the data source as a weather station in New York, Texas. 2. **Contradictory Information:** Contracts where the settlement procedures contain contradictory information. 1. Example: A market on the winner of a top artist specifies in one part that it includes streams from YouTube, while another section states that it only considers streams on Spotify. 2. Example: A contract on a company’s stock price settlement states it will use the closing price from NASDAQ in one part and NYSE in another. 3. **Increasing Specificity:** Contracts where you think that greater specificity would be a benefit. Note that, as applies to all bugs, Kalshi has the sole discretion to determine if a reported bug will receive a payout. 1. Example: A contract predicting the outcome of "the next presidential debate" without specifying the country or the event. 2. Example: A contract on the "most streamed artist of the year" that doesn't specify whether it means on Spotify or Apple Music.Example: A market on the "top-selling car model of the year" does not clarify if it includes only new car sales or both new and used car sales. 3. Example: A contract about the winner of a reality TV show does not account for what happens if the show is canceled before a winner is declared. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#reporting-procedure) Reporting Procedure 1. Identify the Bug: Carefully document the bug, including any relevant contract details and screenshots if applicable. Do not wait to report a bug, the earlier you report it the more likely it is that we will be able to fix this issue. 2. Report Privately: Send an email to our support team at [\[email protected\]](https://help.kalshi.com/cdn-cgi/l/email-protection) with the subject line "Market Bug Bounty Report". Include all necessary details and your Kalshi email. Any other forms of communication used to report will not be accepted for this program. 3. Review Process: Our team will review your report and determine the severity and impact of the bug. We aim to respond as soon as possible. 4. Reward: Kalshi retains the sole discretion to determine if a reported bug will receive a payout, and what the payout amount of any reported bug will be. If your report is valid and the bug is confirmed by Kalshi, you will receive a reward based on the severity and nature of the bug. Rewards range from $25 to $100. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#reward-tiers) Reward Tiers #### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#minor-bugs-usd25) **Minor Bugs: $25** * Minor discrepancies or non-critical ambiguities that do not significantly impact market fairness. This will apply to most bugs. #### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#moderate-bugs-usd50) **Moderate Bugs: $50** * Moderate issues that may impact trading decisions but are not easily exploitable. This will only apply to a limited number of bugs. #### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#severe-bugs-usd100) **Severe Bugs: $100** * Critical issues that could lead to significant exploitation or unfair market conditions. This will be a rare occurrence. #### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#pre-listing-bonus-usd10) **Pre-listing Bonus: +$10** * _Any bug reported while a market is still in its pre-listing state will be given a $10 bonus in addition to the $25, $50, or $100 rewarded. It is important to report any issues you may notice before a market has gone live._ ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#program-guidelines) Program Guidelines In order to qualify for a bug bounty reward, users must follow the following guidelines: * Confidentiality: Do not discuss the bug publicly or with other users until it has been resolved. * Good Faith: Reports must be made in good faith. Attempting to exploit bugs before reporting them will disqualify you from receiving a reward. This only works if we all work together! * Eligibility: Only the first person to report a specific bug will be eligible for a reward. Ensure your report is detailed and complete. The longer you wait to report, the more likely it is that you will be ineligible. * Changes: Kalshi reserves the right to modify the Bug Bounty Program terms and conditions at any time. Payouts are subject to internal approval and will be assessed on a case-by-case basis. ### [hashtag](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#conclusion) Conclusion By participating in the Kalshi Market Bug Bounty Program, you help us maintain a fair and transparent trading environment. We appreciate your support and cooperation in making our markets better for everyone. For any questions or further information, please contact [\[email protected\]](https://help.kalshi.com/cdn-cgi/l/email-protection) . Last updated 5 months ago Was this helpful? * [Overview](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#overview) * [How It Works](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#how-it-works) * [Definition of a Bug](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#definition-of-a-bug) * [Reporting Procedure](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#reporting-procedure) * [Reward Tiers](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#reward-tiers) * [Program Guidelines](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#program-guidelines) * [Conclusion](https://help.kalshi.com/bug-bounty-programs/market-bug-bounty-program#conclusion) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Weather Markets | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/popular-markets/weather-markets#how-do-weather-markets-work) How do weather markets work? Kalshi offers a wide variety of weather-related markets that allow users to trade contracts based on temperature movements or precipitation amounts in specific cities, from New York City to Los Angeles. Traders can speculate on whether a city will reach a certain high temperature or fall within a particular range. All weather market contracts settle based on the final climate report issued by the National Weather Service (NWS), typically released the following morning. ### [hashtag](https://help.kalshi.com/markets/popular-markets/weather-markets#how-do-i-trade-on-weather-markets) How Do I Trade on Weather Markets? Kalshi creates a prediction market around a specific temperature threshold for a given location. For example: “Highest temperature in Chicago on April 15, 2025?” Contract prices for temperature ranges may shift as new weather data (e.g., forecasts, model runs, satellite images, observations) becomes available. The next morning, the market settles based on the high temperature recorded in the final NWS Daily Climate Report. Market determination may be delayed in the rare instances of a) a high temperature is not consistent with 6-hr or 24-hr highs reported by METAR or b) the final NWS Climate Report high temperature value is lower than previous preliminary report. circle-info Not all weather data is the same. Apps like AccuWeather, iOS Weather, or Google Weather may be useful for guidance but do not determine contract outcomes. The only source used for settlement is the NWS Daily Climate Report. ### [hashtag](https://help.kalshi.com/markets/popular-markets/weather-markets#daylight-savings-time) Daylight Savings Time The NWS Climate Reports use local standard time when reporting daily high temperatures. This means that during Daylight Saving Time, the high temperature will be recorded between 1:00 AM and 12:59 AM local time the following day — not based on the standard midnight-to-midnight range. ### [hashtag](https://help.kalshi.com/markets/popular-markets/weather-markets#finding-kalshi-markets-relevant-source-information) Finding Kalshi market's relevant source information ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FWcqIM6bL64oFXbx92woU%252Fimage%2520%285%29.png%3Falt%3Dmedia%26token%3D3974bec1-7307-4787-b609-cbf9ecddb0bd&width=768&dpr=4&quality=100&sign=48bda7d2&sv=2) Kalshi market for highest temp in NYC on March 17th, 2025. Here is an example of a weather market and how to find the relevant outcome (high temp). This example is for Mar 17, 2025 which was 59 degrees F. Above, you can see the Kalshi market and its determined outcome. Below, is the source data from the outcome verification source (linked in market rules). ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252Frl0VBfS51RV1dXDQBfbu%252FUntitled%2520drawing%2520%283%29.jpg%3Falt%3Dmedia%26token%3De23e725d-23dd-4bb8-8a38-895fc972308a&width=768&dpr=4&quality=100&sign=1ea6eee&sv=2) \*Make sure you are viewing the temperature from the same date as the Kalshi market. Last updated 9 months ago Was this helpful? * [How do weather markets work?](https://help.kalshi.com/markets/popular-markets/weather-markets#how-do-weather-markets-work) * [How Do I Trade on Weather Markets?](https://help.kalshi.com/markets/popular-markets/weather-markets#how-do-i-trade-on-weather-markets) * [Daylight Savings Time](https://help.kalshi.com/markets/popular-markets/weather-markets#daylight-savings-time) * [Finding Kalshi market's relevant source information](https://help.kalshi.com/markets/popular-markets/weather-markets#finding-kalshi-markets-relevant-source-information) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Portfolio | Kalshi Help Center Your portfolio represents a detailed overview of your financial assets and is composed of a combination of the cash funds you have on hand in your account, as well as the current market value of any open trading positions you are actively engaged in or resting orders you have placed. The value of your portfolio can fluctuate due to changes within the markets you are trading in. ### [hashtag](https://help.kalshi.com/navigating-the-exchange/your-portfolio/portfolio#navigating-your-portfolio) Navigating Your Portfolio In your portfolio, you have access to important details about your trading activities that can help you track your trades efficiently. This includes specifics such as the number of contracts you have purchased, which allows you to effectively track your trading volume and analyze your market exposure at any given time. Additionally, you can view the average price at which these contracts were purchased. This provides vital insight into your cost basis and aids in assessing your overall financial strategy and management of investment costs. Your portfolio provides you with the current value of your position, giving you a real-time assessment of how your trades are performing compared to their initial purchase price. Finally, your portfolio includes the total payout you can expect in the event of a win. This helps traders evaluate the potential returns on your investments, allowing you to strategize and forecast future financial outcomes based on trading activities. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F35piIIPAdelkvbDEbp5w%252Fimage.png%3Falt%3Dmedia%26token%3Dd8c35b87-1a50-4ec6-b880-a3ec1a665fca&width=768&dpr=4&quality=100&sign=f24156e0&sv=2) Last updated 9 days ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Trading History | Kalshi Help Center Upon executing trades, traders can access a summary of their total profits and losses by navigating to the documents tab. This tab provides an essential resource that allows traders to track and assess their financial performance over time. By reviewing the cumulative gains and losses, traders can make informed decisions, refine their strategies, and ultimately enhance their trading. This section helps traders, both new and experienced, track their investments and adjust their strategies as needed. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FYpwifYDGknVsEW1zPbob%252FScreen%2520Recording%25202025-02-20%2520at%25202.35.47%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D6c2fc6ba-da1f-46a6-ba02-fdecd9c62b32&width=768&dpr=4&quality=100&sign=d778b77e&sv=2) \*PnL statements will be shown here once trades are made. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Market Outcomes | Kalshi Help Center The rules for determining a contract’s outcome, the information that will be used, and the source of this information, are included in each contract’s terms and conditions. Once a contract has expired, Kalshi determines the market’s outcome based on these rules and the information from the source. Determination can take anywhere from one hour to more than twelve hours to complete aftermarket closure and is usually dictated by when we receive the data from the source agency we use to verify the outcome of the market, as defined in the market contract. At Kalshi, we pride ourselves on our unbiased approach when determining market outcomes. Our dedicated rules and meticulous adherence to them ensure all markets are conducted fairly, giving every participant a level playing field. Rest assured, the integrity of the market and the fairness of outcomes are our top priorities. Our markets team is always eager to assist and provide clarity on any rules or procedures. If you find yourself confused or in need of more information before purchasing shares in a market, do not hesitate to reach out. We aim to provide you with all the necessary information to make informed decisions. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # The Different Graphs | Kalshi Help Center [chart-lineForecast Graphchevron-right](https://help.kalshi.com/markets/markets-101/the-different-graphs/forecast-graph) [chart-lineOdds Graphchevron-right](https://help.kalshi.com/markets/markets-101/the-different-graphs/odds-graph) [chart-lineLive Data Graphschevron-right](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Timeline and Payout | Kalshi Help Center Each market has a "Timeline and Payout" section which informs traders when a given market opened, closes, and is expected to payout. There are two different types of closings that a market may have: * Closure when the outcome occurs * Closure at a listed date and time It is important to read timeline and payout information before trading, and to determine which type of closure that market has. You can find the full description of the closing time for each market in the grey text below the "Pays out" line. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FLBtjsvms0Bysk0MBbvR4%252FScreenshot%25202025-03-05%2520at%25204.07.27%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3De21debac-3740-4da2-b2e6-40375ce146ac&width=768&dpr=4&quality=100&sign=73b151af&sv=2) An example of the Timeline and Payout section of a market. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Request Additional Strikes | Kalshi Help Center To request additional strikes in a market, access the specific market and click on the options icon in the lower right corner. Then, go to the 'Request Additional Strikes' tab. Traders can submit their preferred strike here. Our markets team will thoroughly review each request, and if deemed appropriate, the strike will be added to the market page promptly. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FIAzHBvtVBCkg4YXte5bP%252FScreen%2520Recording%25202025-02-20%2520at%25206.18.50%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3D563e02c0-63c9-4c3a-b7ec-d54b46d1c9ff&width=768&dpr=4&quality=100&sign=8fed38a7&sv=2) \*Our markets team will review each strike requested. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Suggesting a New Market | Kalshi Help Center The quickest way to get the attention of our markets team for an entirely new market is by submitting your idea [herearrow-up-right](https://kalshi.com/ideas/feed) . We analyze all markets that are suggested to make sure that they are compliant with CFTC regulations, not easy to manipulate, and are in the interest of our users, so we cannot promise that every market suggested will make it to the platform. Don’t let suggestions that didn’t turn out into a live Kalshi market deter you - you should keep suggesting markets that you’re interested in, and we’ll do our best to open them up for trading soon. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FEKOUXQ0CjJKyGSkHaWeW%252Fimage.png%3Falt%3Dmedia%26token%3Ddada97e9-7539-44cd-8b4f-66406b048f46&width=768&dpr=4&quality=100&sign=84fa10c9&sv=2) Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Popular Markets | Kalshi Help Center [clouds-sunWeather Marketschevron-right](https://help.kalshi.com/markets/popular-markets/weather-markets) [coin-frontCrypto Marketschevron-right](https://help.kalshi.com/markets/popular-markets/crypto-markets) [musicSpotify Marketschevron-right](https://help.kalshi.com/markets/popular-markets/spotify-markets) [tv-retroNetflix Marketschevron-right](https://help.kalshi.com/markets/popular-markets/netflix-markets) [app-store-iosTop App Marketschevron-right](https://help.kalshi.com/markets/popular-markets/top-app-markets) Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # How are prices determined? | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#understanding-the-basics) **Understanding the Basics** Kalshi, a market prediction platform, employs a dynamic pricing model that directly correlates with the market's perceived probability of a specific event occurring. This innovative approach allows for real-time fluctuations in contract prices, ensuring that they accurately reflect the consensus opinion of the market participants. ### [hashtag](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#the-contract-price-mechanism) **The Contract Price Mechanism** At the core of Kalshi's pricing system is the concept of market-assigned probability. The platform continuously assesses the collective sentiment of its users regarding the likelihood of an event resulting in a "Yes" or "No" outcome. This probability is expressed as a percentage, ranging from 0% (certain to not happen) to 100% (certain to happen). The contract price for a particular event is directly tied to this probability. As the perceived likelihood of a "Yes" outcome increases, the contract price for "Yes" will rise, while the contract price for "No" will correspondingly decrease. Conversely, if the market believes a "No" outcome is more probable, the contract price for "No" will increase, and the contract price for "Yes" will fall. ### [hashtag](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#a-concrete-example) **A Concrete Example** To illustrate this concept, let's consider a hypothetical market predicting whether a specific company will launch a new product by the end of the year. If the market consensus is that there's a 70% chance of the launch happening, the contract price for "Yes" would be 70 cents, while the contract price for "No" would be 30 cents. ### [hashtag](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#matching-orders-and-price-discovery) **Matching Orders and Price Discovery** Kalshi facilitates trading by matching buyers and sellers with opposing views. When a user invests in a market, the platform searches for another user who is willing to take the opposite side of the trade. For instance, if one user believes the event is likely to happen (and buys a "Yes" contract), Kalshi will pair them with a user who believes the event is unlikely to happen (and buys a "No" contract). The combined investment of both users must equal $1. In our previous example, if the contract price for "Yes" is 70 cents and the contract price for "No" is 30 cents, then a buyer of "Yes" and a buyer of "No" would together contribute $1 to the market. ### [hashtag](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#the-benefits-of-dynamic-pricing) **The Benefits of Dynamic Pricing** Kalshi's dynamic pricing model offers several advantages: * **Accurate Reflection of Market Sentiment:** The contract prices consistently reflect the prevailing market opinion, ensuring that investors can make informed decisions based on real-time information. * **Efficient Price Discovery:** As more users participate in the market, the pricing mechanism becomes increasingly efficient at discovering the true probability of an event. * **Fairness and Transparency:** The system is designed to be fair and transparent, with all participants having access to the same information and pricing. * **Incentive for Accurate Predictions:** The dynamic pricing model encourages users to provide accurate predictions, as those who consistently make correct assessments can potentially profit from their insights. Last updated 10 months ago Was this helpful? * [Understanding the Basics](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#understanding-the-basics) * [The Contract Price Mechanism](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#the-contract-price-mechanism) * [A Concrete Example](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#a-concrete-example) * [Matching Orders and Price Discovery](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#matching-orders-and-price-discovery) * [The Benefits of Dynamic Pricing](https://help.kalshi.com/markets/markets-101/how-are-prices-determined#the-benefits-of-dynamic-pricing) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Additional Details | Kalshi Help Center Make sure to also check the additional details where clarifications about the interpretation of the full rules might be posted. The markets team will add additional details when traders are confused about the interpretation of the full rules. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FAHxnvJp21Ktw2OxWPff5%252FScreenshot%25202025-03-06%2520at%25207.03.38%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3Dbc221a4b-a862-426b-a7c6-cabbe92c79a7&width=768&dpr=4&quality=100&sign=9f6100a4&sv=2) Example of additional details (shown in red box here) for a market. circle-info Kalshi has no responsibility to add additional details to a market page, but may add to a market upon their discretion. Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Rules Summary | Kalshi Help Center Each market includes a rules summary that can be filtered by different strikes. This summary outlines the value being measured, the timeline for the prediction market, and the verification source used by Kalshi for determining outcomes. It is always important to read the rules summary for a market before trading on it, as it contains the essential information traders should be aware of before trading. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FvYhVF8SgFeiejL9LU66G%252FScreenshot%25202025-03-05%2520at%252012.59.44%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3Dff8008cd-cca8-4937-b98d-feeb86bd93e8&width=768&dpr=4&quality=100&sign=b1985fa2&sv=2) Example of a rules summary within a given market. circle-info This is just a summary of the market and the information related to it. Rules summaries do not contain the entire text of the full rules. The full rules to any market can be viewed below the summary by selecting "View full rules." Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Market Rules | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/markets-101/market-rules#market-rules-and-summary) Market Rules and Summary Each market operates under its own set of regulations which are documented on the markets page. These rules explain the criteria and procedures that determine the market's functionality. There is a comprehensive rules summary available that provides clarity by detailing the specific outcomes required for a strike to be successful. It elaborates on the conditions under which an outcome would meet the necessary criteria for a strike to win. This summary includes information about the outcome verification source, which ensures the integrity and reliability of the result. This verification source acts as an authoritative point of reference to confirm the legitimacy of the strike outcome, ensuring transparency and trust for all traders. circle-info All markets are thoroughly reviewed by our markets team, and the outcomes will be determined when decided that resolution criteria has been met. A market remaining open or undetermined is in no way an indication of the resolution criteria being met or not being met ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FEarl9boJMoTef6F1IM3u%252Fimage.png%3Falt%3Dmedia%26token%3Db8b03c1f-f136-4acd-8799-7036ed632a14&width=768&dpr=4&quality=100&sign=bfdf7117&sv=2) ### [hashtag](https://help.kalshi.com/markets/markets-101/market-rules#how-to-find-market-rules) Finding Market Rules ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FaMBYVo78NKJXpxcSdsDt%252FScreen%2520Recording%25202025-02-25%2520at%25201.12.01%25E2%2580%25AFPM.gif%3Falt%3Dmedia%26token%3Ddace38c2-da27-4bab-b4bb-9ec0fc831f8e&width=768&dpr=4&quality=100&sign=605ad6fc&sv=2) \*Make sure to read market rules before trading! Last updated 10 months ago Was this helpful? * [Market Rules and Summary](https://help.kalshi.com/markets/markets-101/market-rules#market-rules-and-summary) * [Finding Market Rules](https://help.kalshi.com/markets/markets-101/market-rules#how-to-find-market-rules) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Spotify Markets | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/popular-markets/spotify-markets#how-do-spotify-markets-work) How do Spotify markets work? Kalshi offers multiple markets for traders to engage with regarding music and their performance on Spotify. With markets predicting the top daily or weekly songs in both the US and globally, there are several opportunities for traders to capitalize. ### [hashtag](https://help.kalshi.com/markets/popular-markets/spotify-markets#determinations-on-spotify-markets) Determinations on Spotify markets All Spotify markets are determined from our source agency that can be found [herearrow-up-right](https://charts.spotify.com/home) . All markets have a corresponding chart published by Spotify. circle-info It is important to note that outcomes are determined from the charts published on the Spotify website that we reference in the rules, and not the charts found on the mobile app. ### [hashtag](https://help.kalshi.com/markets/popular-markets/spotify-markets#usa-vs-global-markets) USA vs Global markets It is important when trading to verify whether you are trading on the USA markets or the Global markets, as they often can have similar strikes, but the outcomes for these markets may be different. ### [hashtag](https://help.kalshi.com/markets/popular-markets/spotify-markets#finding-kalshi-markets-relevant-spotify-chart) Finding Kalshi markets' relevant Spotify chart ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FmMUhWZD31icrzm4OMRcf%252FScreenshot%25202025-03-18%2520at%25202.20.18%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3D92c0ff57-6af3-4353-8361-08a048a1df9c&width=768&dpr=4&quality=100&sign=3410c3b2&sv=2) \*Here you can see on March 17th, the top song was 'EVIL JORDAN'. In the bottom left of the market example above, you can see the chart is for "Mar 17." When referencing the published charts from our verification source, make sure the chart with the corresponding date to the market you traded is the one you are viewing ([see image belowarrow-up-right](https://charts.spotify.com/charts/view/regional-us-daily/2025-03-17) ). ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FRaTknDSIDi8zNlw35w4Y%252FScreenshot%25202025-03-18%2520at%25202.39.01%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3D25e59d10-3a12-48a8-823b-cd086fae2069&width=768&dpr=4&quality=100&sign=bfdd499e&sv=2) \*The relevant Spotify chart, showing the top song for that day in the USA. Last updated 10 months ago Was this helpful? * [How do Spotify markets work?](https://help.kalshi.com/markets/popular-markets/spotify-markets#how-do-spotify-markets-work) * [Determinations on Spotify markets](https://help.kalshi.com/markets/popular-markets/spotify-markets#determinations-on-spotify-markets) * [USA vs Global markets](https://help.kalshi.com/markets/popular-markets/spotify-markets#usa-vs-global-markets) * [Finding Kalshi markets' relevant Spotify chart](https://help.kalshi.com/markets/popular-markets/spotify-markets#finding-kalshi-markets-relevant-spotify-chart) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Netflix Markets | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/popular-markets/netflix-markets#what-are-the-netflix-markets) What are the Netflix markets? Kalshi offers markets where traders can predict both the top tv show as well as the top movie on Netflix for a given week. The Netflix charts are updated on Tuesday. Therefore, the markets will close at 11:59 PM ET the day before. For example, the chart published on Feb 25, 2025 will be for the week ending the previous Sunday. ### [hashtag](https://help.kalshi.com/markets/popular-markets/netflix-markets#outcome-determinations) Outcome Determinations The expiration value for the Netflix markets are determined from the charts provided [herearrow-up-right](https://www.netflix.com/tudum/top10/united-states/tv) . The location filter is filtered as "United States" and then the two charts ('Shows' and 'Movies') are able to be filtered between. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FnwpCRqQhBxfjWQzq3vjt%252FScreenshot%25202025-02-21%2520at%25201.54.44%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3D4b4ff9d0-b9e8-40e9-99c0-56f27753a8bf&width=768&dpr=4&quality=100&sign=8035ad92&sv=2) Last updated 10 months ago Was this helpful? * [What are the Netflix markets?](https://help.kalshi.com/markets/popular-markets/netflix-markets#what-are-the-netflix-markets) * [Outcome Determinations](https://help.kalshi.com/markets/popular-markets/netflix-markets#outcome-determinations) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Combos | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/combos#what-are-combos) What are combos? Combos allow users to trade custom combinations of events. Each combo is a unique market with its own dedicated order book. Combos resolve to the product of the value of each individual position. ### [hashtag](https://help.kalshi.com/markets/combos#creating-a-combo) Creating a Combo You can create combos directly in the UI using the combo builder. Access it either from the page of any eligible event or from the live tab by selecting the sports category and then the combo builder. Combos are typically available closer to the start of an event. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FnTZr8hGznmv2ViejCCJo%252FAdobe%2520Express%2520-%2520Screen%2520Recording%25202025-11-30%2520at%252011.54.04%25E2%2580%25AFPM%2520%281%29.gif%3Falt%3Dmedia%26token%3D3d96a637-2643-4c29-85d3-936bfae425cc&width=768&dpr=4&quality=100&sign=7a156bd6&sv=2) circle-info Combos are currently limited to professional football, professional basketball, and mention markets with potential future rollouts. ### [hashtag](https://help.kalshi.com/markets/combos#quoting-and-liquidity-rfq-system) Quoting and Liquidity (RFQ System) Combos are submitted through a Request For Quote (RFQ) system to establish price and liquidity. More info on RFQs can be found [herearrow-up-right](https://help.kalshi.com/trading/order-types/rfqs) . * RFQ Process: When a combo is requested, a "Request For Quote" is sent out to the market. Other market participants can then respond with a quote to take the other side of the position (act as the counterparty). * Democratized Quoting: Anyone can listen for and respond to RFQs through the API, meaning there is no exclusivity for quoting. * Live Quotes: Quotes are generated live, which can sometimes lead to brief delays while waiting for the quote to be returned. The RFQ system helps solve the liquidity issue by connecting traders with those willing to quote. ### [hashtag](https://help.kalshi.com/markets/combos#outcome-determination) Outcome Determination If one of the underlying positions in a combo is voided (e.g., a player is required to play but does not), the combo will resolve to the product of each of the underlying positions. * Recalculation: The entire combo is not simply returned to the user. Instead, the combo's payout will be equal to the value of the product of the value of each individual position. * If a three-position combo has one position that resolved to a price other than $0 or $1, the final payout will be the product of the positions, for example: $0.70 \* $1.00 \* $1.00 = $0.70 paid per combo contract owned. circle-info It is important to note, each position of the combo is subject to the rules defined for the underlying market. * * * Last updated 9 days ago Was this helpful? * [What are combos?](https://help.kalshi.com/markets/combos#what-are-combos) * [Creating a Combo](https://help.kalshi.com/markets/combos#creating-a-combo) * [Quoting and Liquidity (RFQ System)](https://help.kalshi.com/markets/combos#quoting-and-liquidity-rfq-system) * [Outcome Determination](https://help.kalshi.com/markets/combos#outcome-determination) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Crypto Markets | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/popular-markets/crypto-markets#how-do-crypto-markets-work) How do crypto markets work? Kalshi offers a variety of cryptocurrency price markets that allow users to trade contracts based on the price movements of a cryptocurrency, such as Bitcoin or Ethereum. Traders may speculate on the highest price or price range. All crypto market contracts are settled by averaging 60 seconds of CFB Real-Time Indexes (CFB RTIs), which reports a price once per second. ### [hashtag](https://help.kalshi.com/markets/popular-markets/crypto-markets#what-is-cf-benchmarks) What is CF Benchmarks? CF Benchmarks is the world’s first and leading digital asset index provider, authorized and regulated by the UK Financial Conduct Authority (FCA). Established in 2016 from the Crypto Facilities Multilateral Trading Facility, CF Benchmarks delivers reliable and robust cryptocurrency pricing benchmarks and data. Trusted by major financial institutions like the Chicago Mercantile Exchange (CME) and other industry leaders, their indices support a wide range of regulated financial products globally. You can learn more about CF Benchmarks [herearrow-up-right](https://www.cfbenchmarks.com/about/crypto-facilities) . ### [hashtag](https://help.kalshi.com/markets/popular-markets/crypto-markets#what-are-cfb-real-time-indexes-cfb-rtis) What are CFB Real-Time Indexes (CFB RTIs)? CFB Real-Time Indexes (CFB RTIs) are comprehensive indices that aggregate price data for various cryptocurrencies from multiple major exchanges every second. These indexes provide a reliable measure of each cryptocurrency's spot price in U.S. dollars. ### [hashtag](https://help.kalshi.com/markets/popular-markets/crypto-markets#why-does-kalshi-use-cfb-rtis-for-settling-crypto-contracts) Why does Kalshi use CFB RTIs for settling crypto contracts? Kalshi utilizes CFB RTIs to settle all crypto contracts to comply with CFTC regulations and ensure market integrity across all supported cryptocurrencies. This ensures that the settlement price reflects a true market consensus, maintaining compliance with regulatory standards and protecting our traders by upholding the integrity of our trading platform. ### [hashtag](https://help.kalshi.com/markets/popular-markets/crypto-markets#how-is-the-expiration-value-determined-for-crypto-contracts) How is the expiration value determined for crypto contracts? It's important to understand that not all crypto price data is the same. The expiration value for each crypto contract is determined by an average based on the relevant CFB Real-Time Index (RTI) at a specific date and time. As mentioned on the market page and again in the rules, these contracts are settled by taking an average of the sixty seconds of the relevant CF Benchmarks' RTI. The RTI is an aggregated price taken every second from major exchanges. At the last minute before expiration, 60 RTI prices are collected, the official and final value is the average of these prices. This methodology ensures that CFB RTIs accurately reflect overall market sentiment and reduce the risk of price manipulation from any single exchange. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FlC3OleCbcv4UJulC0yRp%252FScreenshot%25202025-02-21%2520at%25201.54.02%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3D8250e494-8583-4b11-a858-ccf72978ba54&width=768&dpr=4&quality=100&sign=b048d0ce&sv=2) Last updated 10 months ago Was this helpful? * [How do crypto markets work?](https://help.kalshi.com/markets/popular-markets/crypto-markets#how-do-crypto-markets-work) * [What is CF Benchmarks?](https://help.kalshi.com/markets/popular-markets/crypto-markets#what-is-cf-benchmarks) * [What are CFB Real-Time Indexes (CFB RTIs)?](https://help.kalshi.com/markets/popular-markets/crypto-markets#what-are-cfb-real-time-indexes-cfb-rtis) * [Why does Kalshi use CFB RTIs for settling crypto contracts?](https://help.kalshi.com/markets/popular-markets/crypto-markets#why-does-kalshi-use-cfb-rtis-for-settling-crypto-contracts) * [How is the expiration value determined for crypto contracts?](https://help.kalshi.com/markets/popular-markets/crypto-markets#how-is-the-expiration-value-determined-for-crypto-contracts) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Volume Incentive Program | Kalshi Help Center [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#what-is-it) What is it? ---------------------------------------------------------------------------------------------------------- The Volume Incentive Program is a cashback rewards system that pays you based on how much you trade. The more you trade in eligible markets, the more rewards you earn. It's designed to encourage trading activity and make markets more active for everyone. #### [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#program-dates) Program Dates **Start:** September 15, 2025 **End:** September 1, 2026 circle-info Kalshi can end or modify the program at any time. #### [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#eligibility) Eligibility **Who can participate:** Most regular Kalshi members **Who cannot participate:** * Kalshi affiliates and employees * Market makers with existing agreements * Introducing Brokers, FCMs, and their customers [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#how-it-works) How It Works ------------------------------------------------------------------------------------------------------------- #### [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#earning-rewards) Earning Rewards 1. Trade in eligible markets during active reward periods 2. Your trading volume is tracked throughout the period 3. When the period ends, you get a share of the reward pool based on your percentage of total volume 4. **Example:** $1,000 reward pool + you contributed 10% of total volume = you earn $100 #### [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#market-selection) Market Selection * All Kalshi markets are potentially eligible * Active reward periods are clearly marked on market pages * Each market shows current reward pools and period duration [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#eligible-trades) Eligible Trades ------------------------------------------------------------------------------------------------------------------- **What trades count:** * Contracts priced between $0.03 and $0.97 (non-inclusive) * Trades during active reward periods **What doesn't count:** * Contracts below $0.03 or above $0.97 * Special market maker trades * Trades outside reward periods [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#reward-structure) Reward Structure --------------------------------------------------------------------------------------------------------------------- * **Reward periods:** Up to 31 days each * **Pool distribution:** Split based on proportional trading volume * **Earnings cap:** Maximum $0.005 per contract traded * **Payment timing:** Programs that end by 10 AM ET will be paid out the same day by 3pm ET, while programs ending after 10 AM ET will be paid out the following day by 3pm ET. **Cap example:** If you trade 1,000 contracts, maximum reward is $5 (1,000 × $0.005), regardless of pool size or other participants' activity. [hashtag](https://help.kalshi.com/incentive-programs/volume-incentive-program#program-rules) Program Rules --------------------------------------------------------------------------------------------------------------- **Monitoring:** * Kalshi monitors for abusive behavior and fake trading * Participant status can be revoked for violations * Program may be terminated at any time **Transparency:** * Market pages show eligibility and current reward periods * Future reward periods displayed when planned circle-info Kalshi can end the program at any time. For the latest updates, visit [https://kalshi.com/regulatory/noticesarrow-up-right](https://kalshi.com/regulatory/notices) . Last updated 3 months ago Was this helpful? * [What is it?](https://help.kalshi.com/incentive-programs/volume-incentive-program#what-is-it) * [How It Works](https://help.kalshi.com/incentive-programs/volume-incentive-program#how-it-works) * [Eligible Trades](https://help.kalshi.com/incentive-programs/volume-incentive-program#eligible-trades) * [Reward Structure](https://help.kalshi.com/incentive-programs/volume-incentive-program#reward-structure) * [Program Rules](https://help.kalshi.com/incentive-programs/volume-incentive-program#program-rules) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Odds Graph | Kalshi Help Center Odds graphs serve as visual tools that encapsulate the collective forecasts of traders regarding potential future events. These graphs play a crucial role in financial markets and other speculative industries by providing an aggregated view of market sentiment at a particular moment. When observing these graphs, it's vital to understand that they don't offer absolute probabilities. Instead, they represent the consensus beliefs of market participants about how likely they think an event is to occur. Odds graphs show percentages that aren't fixed predictions. They change with trader confidence and expectations, influenced by things like public information. These graphs offer a real-time look at market feelings. Incorporating odds graphs into one's market analysis toolkit can enhance decision-making processes by combining market data with human intuition. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F8nQ2Nq00NdR4xCm8qzR5%252Fimage.png%3Falt%3Dmedia%26token%3D9518691c-bc85-49e3-89dd-8180e0d2c700&width=768&dpr=4&quality=100&sign=6f4212b1&sv=2) Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Liquidity Incentive Program | Kalshi Help Center [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#what-is-it) What is it? ------------------------------------------------------------------------------------------------------------- The Liquidity Incentive Program rewards you for placing resting orders that improve market liquidity. This program pays you for maintaining orders on the books that help other traders get better prices, even if your orders don't get filled. #### [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#program-dates) Program Dates **Start:** September 15, 2025 **End:** September 1, 2026 circle-info Kalshi can end or modify the program at any time. #### [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#eligibility) Eligibility **Who can participate:** Most regular Kalshi members **Who cannot participate:** * Kalshi affiliates and employees * Market makers with existing agreements * Introducing Brokers, FCMs, and their customers [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#how-it-works) How It Works ---------------------------------------------------------------------------------------------------------------- #### [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#earning-rewards) Earning Rewards 1. Place resting orders in eligible markets 2. Kalshi takes snapshots every second during trading hours 3. Your orders are scored based on size and proximity to best prices 4. Earn a share of the reward pool based on your liquidity contribution #### [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#market-selection) Market Selection * All Kalshi markets are potentially eligible * Active reward periods are clearly marked on market pages * Each market shows its liquidity incentive schedule [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#scoring-system) Scoring System -------------------------------------------------------------------------------------------------------------------- #### [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#key-parameters-set-per-time-period) Key Parameters (Set Per Time Period) * Target Size: 100-20,000 contracts (minimum liquidity threshold that must be met) * Discount Factor: Up to 1.00 (determines how much orders away from best price are penalized) * Reference Price: Best bid/ask prices used as baseline #### [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#how-your-score-is-calculated) How Your Score is Calculated Step 1: Snapshot Scoring * Kalshi takes random snapshots every second during trading hours * Only orders that help reach the Target Size qualify for points * Each qualifying order gets scored based on: * Order size (larger = higher score) * Distance from best price (closer = higher score using Discount Factor) Step 2: Distance Penalty * Orders at the best bid/ask get full credit (1.0x multiplier) * Orders further away get reduced credit based on the Discount Factor Step 3: Size Weighting * Your score for each snapshot = Order Size × Distance Multiplier * Multiple orders at different price levels all contribute to your snapshot score Step 4: Total Score * Your final score = Sum of all your snapshot scores during the time period * Your reward = (Your Score ÷ Total All Participants' Scores) × Reward Pool circle-info **Example:** You maintain 500 contracts at best bid for 50% of snapshots. If you represent 20% of qualifying liquidity in a $100 reward period, you earn $20. [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#rewards-structure) Rewards Structure -------------------------------------------------------------------------------------------------------------------------- * **Time periods:** Up to 31 days each * **Daily rewards:** $10-$1,000 per day * **Minimum payout:** $1.00 (rounded down to nearest cent) * **Payment timing:** Programs that end by 10 AM ET will be paid out the same day by 3pm ET, while programs ending after 10 AM ET will be paid out the following day by 3pm ET. [hashtag](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#program-rules) Program Rules ------------------------------------------------------------------------------------------------------------------ **Monitoring:** * Kalshi monitors for abusive behavior and market manipulation * Participant status can be revoked for violations * Program may be terminated at any time **Transparency:** * All schedules and parameters displayed publicly * Market pages show eligibility and reward information circle-info Kalshi can end the program at any time. For the latest updates, visit [https://kalshi.com/regulatory/noticesarrow-up-right](https://kalshi.com/regulatory/notices) . Last updated 3 months ago Was this helpful? * [What is it?](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#what-is-it) * [How It Works](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#how-it-works) * [Scoring System](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#scoring-system) * [Rewards Structure](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#rewards-structure) * [Program Rules](https://help.kalshi.com/incentive-programs/liquidity-incentive-program#program-rules) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Top App Markets | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/popular-markets/top-app-markets#app-store-markets-101) App Store markets 101 A popular market on Kalshi is the "Top US iPhone app tomorrow?" market. Here, traders can predict the highest ranking app on the Apple app store for a certain date at a certain time. For example, traders can trade on what will be the, "Top US iPhone app tomorrow?" for the date March 19th. The market will specifically close on March 20th at 10am ET when the contract is set to expire. ### [hashtag](https://help.kalshi.com/markets/popular-markets/top-app-markets#outcome-determinations) Outcome Determinations The expiration value for this market is determined from the markets source agency, Apple App Store website, with the underlying being the 'Top Charts' webpage listed [herearrow-up-right](https://apps.apple.com/us/charts/iphone) . The top ranked app under the 'Top Free Apps' chart at 10am ET for that day is used to determine the relevant Kalshi market. circle-info It is important to note, the expiration value is determined from the chart provided by the website linked above, and not the chart shown on the mobile Apple 'App Store' application. ### [hashtag](https://help.kalshi.com/markets/popular-markets/top-app-markets#finding-the-kalshi-markets-relevant-source-information) Finding the Kalshi market's relevant source information ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252Fg3dAEK49yxAefoNW3gkA%252Fimage%2520%286%29.png%3Falt%3Dmedia%26token%3D87c2498d-994e-4470-a3f5-414f1cc569d3&width=768&dpr=4&quality=100&sign=4fdf070f&sv=2) \*Example of a determined market, using the March 20th, 2025 market. In the bottom left of the market example above, you can see the chart is for "Mar 20." You can find the underlying here ([app store rank linkarrow-up-right](https://apps.apple.com/us/charts/iphone) ) which is from our source agency. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FcTWNd333cDryOu1ripwf%252Fimage%2520%287%29.png%3Falt%3Dmedia%26token%3Dfb102f30-181f-4e2c-b3eb-28120a7ba04f&width=768&dpr=4&quality=100&sign=104fca86&sv=2) \*Top Chart website from the source agency for the date March 20th, 2025. Last updated 10 months ago Was this helpful? * [App Store markets 101](https://help.kalshi.com/markets/popular-markets/top-app-markets#app-store-markets-101) * [Outcome Determinations](https://help.kalshi.com/markets/popular-markets/top-app-markets#outcome-determinations) * [Finding the Kalshi market's relevant source information](https://help.kalshi.com/markets/popular-markets/top-app-markets#finding-the-kalshi-markets-relevant-source-information) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Forecast Graph | Kalshi Help Center When analyzing market predictions, it's important to understand that a forecast graph is **not a real-time data tracker.** Instead, it serves as an insightful visualization of traders' current expectations regarding future market conditions. For instance, consider the scenario illustrated in the graph below. The forecast (based on trades made) represents an accumulation of 6.8 inches of snow. This prediction is derived from all collective trades within the market, reflecting traders' insights and where they believe the market will most likely expire at. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252FIU5kI0fSwW2mn9qfObWB%252Fimage.png%3Falt%3Dmedia%26token%3D673bc522-bfe8-4bf6-bdae-71280a3ef025&width=768&dpr=4&quality=100&sign=7b6bda73&sv=2) Last updated 10 months ago Was this helpful? Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Live Data Graphs | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs#understanding-live-data-graphs-in-market-trading) **Understanding Live Data Graphs in Market Trading** Live data graphs are dynamic tools that display real-time data sourced directly from external databases or feeds. These graphs play a crucial role in helping traders monitor and assess the value of various markets instantaneously, providing insights into valuation predictions and assisting in making informed trading decisions at any moment. ### [hashtag](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs#advantages-of-live-data-graphs) **Advantages of Live Data Graphs** One of the primary advantages of live data graphs is their remarkable accuracy. They reflect current market conditions, enabling traders to react swiftly to changes and trends. This real-time visualization is important for traders seeking to capitalize on minute-by-minute fluctuations. ### [hashtag](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs#considerations-for-using-live-data-graphs) **Considerations for Using Live Data Graphs** Despite their accuracy, it is essential to be aware of a potential delay between the information presented in the graphs and the confirmation of outcomes from verification sources. The market's outcome are ultimately determined by these outcome verification sources. Hence, traders should use live data graphs as a guide but not rely on it solely for the outcome value of a given market. ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F423648726-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FmflMk4KOqMWpaeqpjOT5%252Fuploads%252F6TMVWT5dgJkQkJLhLq64%252Fimage.png%3Falt%3Dmedia%26token%3Dcf7a8507-7e8a-46c4-9917-3a5fe1356f0a&width=768&dpr=4&quality=100&sign=73ebf56a&sv=2) Last updated 10 months ago Was this helpful? * [Understanding Live Data Graphs in Market Trading](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs#understanding-live-data-graphs-in-market-trading) * [Advantages of Live Data Graphs](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs#advantages-of-live-data-graphs) * [Considerations for Using Live Data Graphs](https://help.kalshi.com/markets/markets-101/the-different-graphs/live-data-graphs#considerations-for-using-live-data-graphs) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Market FAQs | Kalshi Help Center [hashtag](https://help.kalshi.com/markets/market-faqs#market-settlement-and-payout-timelines) Market Settlement and Payout Timelines ----------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://help.kalshi.com/markets/market-faqs#what-does-settled-mean) What does "settled" mean? A market settles when the official outcome is confirmed and our markets team finalizes the result. Once settled, any winning contracts are paid out to your cash balance. ### [hashtag](https://help.kalshi.com/markets/market-faqs#how-long-does-settlement-typically-take) How long does settlement typically take? Most markets settle within a few hours after the outcome is known (often within about 3 hours). In some cases, it can take longer if we're waiting on official data from source agencies. ### [hashtag](https://help.kalshi.com/markets/market-faqs#why-might-settlement-take-longer-than-expected) Why might settlement take longer than expected? **Waiting on official data:** We rely on a source agency (for example, official league statistics, government releases, or other event authorities) to publish finalized results. If their data is delayed or revised, we may wait before settling, depending on the market rules. **Market rules and timing:** Some markets specify a determination time or date in their rules that can be later than when the event appears to end. Always check the market's Rules and Important Information sections. ### [hashtag](https://help.kalshi.com/markets/market-faqs#how-can-i-check-my-markets-status) How can I check my market's status? **Market page:** The final result and determination appear on the market page once settled. **Portfolio & Trading History:** After settlement, your closed position should appear with the result and any payout reflected in your cash balance. **Notifications:** You can enable email/app notifications in Settings to be alerted when a market you own settles. ### [hashtag](https://help.kalshi.com/markets/market-faqs#when-should-i-contact-support) When should I contact support? **For standard (single-outcome) markets:** If the event ended and it's been more than ~12 hours with no update, check the Rules first. If everything seems met and it's still pending: * If the rules list a later determination time/date, please wait until that window passes before contacting support. * Include: market title and any details (e.g., source) so we can escalate to the markets team if needed. ### [hashtag](https://help.kalshi.com/markets/market-faqs#whats-the-difference-between-market-close-time-and-determination-time) What's the difference between market close time and determination time? The market's displayed close time may not equal determination time. Trading can end before or after an event for operational reasons, while settlement occurs once the official result is confirmed by the source agency. ### [hashtag](https://help.kalshi.com/markets/market-faqs#why-is-a-market-still-open-after-the-event-appears-to-have-occurred) Why is a market still open after the event appears to have occurred? A market remaining open is not an indication that payout criteria have not been met. Kalshi often must wait for an official source agency to publish finalized data before closing or determining a market. **What this means for you:** * Trading may continue while we await official confirmation; prices will reflect participant expectations. * We do not issue refunds solely because an event appears to have concluded while trading was still available. * Always check the rules for the market's official source and determination criteria. * * * [hashtag](https://help.kalshi.com/markets/market-faqs#market-suggestions) Market Suggestions ------------------------------------------------------------------------------------------------- ### [hashtag](https://help.kalshi.com/markets/market-faqs#how-can-i-suggest-a-new-market-idea) How can I suggest a new market idea? We love community ideas for new markets. The fastest way to get your suggestion to our markets team is to submit it via our market suggestion form (the same one referenced by our support team). ### [hashtag](https://help.kalshi.com/markets/market-faqs#what-should-i-include-in-my-market-suggestion) What should I include in my market suggestion? * A clear, objective event definition and settlement criteria * Reliable data source(s) for settlement * Proposed timeframe/expiration * Why traders would find it valuable ### [hashtag](https://help.kalshi.com/markets/market-faqs#will-my-market-suggestion-be-guaranteed-to-be-listed) Will my market suggestion be guaranteed to be listed? While we can't guarantee every suggestion will be listed, detailed proposals are reviewed and considered by our markets team. * * * [hashtag](https://help.kalshi.com/markets/market-faqs#combos-availability-processing-and-settlement) Combos: Availability, Processing, and Settlement ---------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://help.kalshi.com/markets/market-faqs#when-do-combo-markets-become-available) When do combo markets become available? Combo buttons typically appear when starting lineups/rosters are finalized. For many events, this is closer to the event start rather than early in the day. ### [hashtag](https://help.kalshi.com/markets/market-faqs#how-are-combo-orders-processed) How are combo orders processed? Combos use a Request For Quote (RFQ) process: * You submit a request * Other participants may quote prices * When you accept a quote, your combo becomes part of its own order book * You may see "processing" while your RFQ is live or while matching/quotes are being handled ### [hashtag](https://help.kalshi.com/markets/market-faqs#why-do-combo-markets-take-longer-to-settle-than-individual-legs) Why do combo markets take longer to settle than individual legs? Combo positions are their own markets and do not always settle immediately when each underlying leg resolves. After the individual events finish, the combo market goes through a separate review to confirm all conditions have been met and to apply the market's specific rules. This extra step can add time beyond the settlement of the individual components. ### [hashtag](https://help.kalshi.com/markets/market-faqs#what-should-i-expect-during-combo-settlement) What should I expect during combo settlement? * The combo's status will update once the review is complete * Funds related to potential combo outcomes remain pending until settlement * No action is needed on your end * * * [hashtag](https://help.kalshi.com/markets/market-faqs#player-injuries-and-did-not-play-dnp-in-single-markets-and-combos) Player Injuries and Did-Not-Play (DNP) in Single Markets and Combos ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://help.kalshi.com/markets/market-faqs#what-happens-if-a-player-participates-in-the-game-but-then-exits-due-to-injury-or-ejection) What happens if a player participates in the game but then exits due to injury or ejection? Per the market rules: "Once a player has taken at least one snap, the Contract will settle based on actual statistics accumulated despite any in-game injury, ejection, or other removal from the game." ### [hashtag](https://help.kalshi.com/markets/market-faqs#what-happens-if-a-player-does-not-play-at-all-dnp) What happens if a player does not play at all (DNP)? The treatment is defined in the specific market's rules. Some markets may adjust to a fair market value or have specific DNP provisions. ### [hashtag](https://help.kalshi.com/markets/market-faqs#how-are-combos-affected-when-a-position-doesnt-resolve-to-usd1.00-like-when-a-player-doesnt-play) How are combos affected when a position doesn't resolve to $1.00 (like when a player doesn't play)? Each combo position follows the rules of the underlying market. There are certain instances where a market can resolve to the last fair market price or a non-standard payout like 50-50. When a position in the combo resolves to a value other than $1 or $0, the combo isn't simply returned. Instead, the payout is the product of all individual position values. **For example, in a 3-position combo:** If two underlying positions resolve to $1.00 and one resolves to $0.70 (last fair market value), the calculation would be: $0.70 × $1.00 × $1.00 = $0.70 paid per contract. Last updated 9 days ago Was this helpful? * [Market Settlement and Payout Timelines](https://help.kalshi.com/markets/market-faqs#market-settlement-and-payout-timelines) * [What does "settled" mean?](https://help.kalshi.com/markets/market-faqs#what-does-settled-mean) * [How long does settlement typically take?](https://help.kalshi.com/markets/market-faqs#how-long-does-settlement-typically-take) * [Why might settlement take longer than expected?](https://help.kalshi.com/markets/market-faqs#why-might-settlement-take-longer-than-expected) * [How can I check my market's status?](https://help.kalshi.com/markets/market-faqs#how-can-i-check-my-markets-status) * [When should I contact support?](https://help.kalshi.com/markets/market-faqs#when-should-i-contact-support) * [What's the difference between market close time and determination time?](https://help.kalshi.com/markets/market-faqs#whats-the-difference-between-market-close-time-and-determination-time) * [Why is a market still open after the event appears to have occurred?](https://help.kalshi.com/markets/market-faqs#why-is-a-market-still-open-after-the-event-appears-to-have-occurred) * [Market Suggestions](https://help.kalshi.com/markets/market-faqs#market-suggestions) * [How can I suggest a new market idea?](https://help.kalshi.com/markets/market-faqs#how-can-i-suggest-a-new-market-idea) * [What should I include in my market suggestion?](https://help.kalshi.com/markets/market-faqs#what-should-i-include-in-my-market-suggestion) * [Will my market suggestion be guaranteed to be listed?](https://help.kalshi.com/markets/market-faqs#will-my-market-suggestion-be-guaranteed-to-be-listed) * [Combos: Availability, Processing, and Settlement](https://help.kalshi.com/markets/market-faqs#combos-availability-processing-and-settlement) * [When do combo markets become available?](https://help.kalshi.com/markets/market-faqs#when-do-combo-markets-become-available) * [How are combo orders processed?](https://help.kalshi.com/markets/market-faqs#how-are-combo-orders-processed) * [Why do combo markets take longer to settle than individual legs?](https://help.kalshi.com/markets/market-faqs#why-do-combo-markets-take-longer-to-settle-than-individual-legs) * [What should I expect during combo settlement?](https://help.kalshi.com/markets/market-faqs#what-should-i-expect-during-combo-settlement) * [Player Injuries and Did-Not-Play (DNP) in Single Markets and Combos](https://help.kalshi.com/markets/market-faqs#player-injuries-and-did-not-play-dnp-in-single-markets-and-combos) * [What happens if a player participates in the game but then exits due to injury or ejection?](https://help.kalshi.com/markets/market-faqs#what-happens-if-a-player-participates-in-the-game-but-then-exits-due-to-injury-or-ejection) * [What happens if a player does not play at all (DNP)?](https://help.kalshi.com/markets/market-faqs#what-happens-if-a-player-does-not-play-at-all-dnp) * [How are combos affected when a position doesn't resolve to $1.00 (like when a player doesn't play)?](https://help.kalshi.com/markets/market-faqs#how-are-combos-affected-when-a-position-doesnt-resolve-to-usd1.00-like-when-a-player-doesnt-play) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Market Maker Program | Kalshi Help Center ### [hashtag](https://help.kalshi.com/markets/market-maker-program#our-market-maker-program-is-now-live-on-kalshi) Our Market Maker Program is now Live on Kalshi Kalshi's market operates with the valuable support of a designated group of market makers. This program is highly selective and requires participants to meet stringent criteria. To be considered, applicants undergo a thorough review process evaluating their financial resources, relevant experience, and overall business reputation. Only those demonstrating exceptional qualifications are granted market maker status. Market makers play a vital role in ensuring market fairness and orderliness. This program offers them unique benefits in exchange for their commitment to upholding these principles. There are perks to being a market maker including but not limited to financial benefits, reduced fees, differing position limits, and enhanced access. In return, you'll need to agree to some things, like always trying to keep our markets fair and orderly. Some special position limits apply to market makers, but that's to make sure everything runs smoothly. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#market-making-exists-in-almost-all-markets) Market making exists in almost all markets! ![](https://help.kalshi.com/~gitbook/image?url=https%3A%2F%2F2816949013-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FjGOIeqPk8LOclMvt5mog%252Fuploads%252FRAsd7MgnjLXKF7ZrDTAx%252Fimage.png%3Falt%3Dmedia%26token%3D89c7aee5-002d-475d-a4f1-72b44cf7040a&width=768&dpr=4&quality=100&sign=271b15a1&sv=2) Imagine a marketplace without market makers. You might want to sell a rare comic book, but there are no interested buyers at your asking price. Conversely, you might be eager to buy a specific antique chair, but no sellers are listing one. Market makers bridge this gap by continuously quoting buy and sell prices, willing to act as either buyer or seller to facilitate trades. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#stock-exchanges) **Stock Exchanges** Market makers play a crucial role in the smooth operation of financial markets, particularly in maintaining order books that list buy and sell orders for shares of publicly traded companies. Their primary function is to ensure liquidity in the market, which means that they make it easier for investors to buy or sell shares quickly, without having to wait for a matching buy or sell order to appear. This is done by the market maker acting as the counterparty to trades, thereby guaranteeing that there is almost always someone on the other side of your transaction. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#foreign-exchange) **Foreign Exchange** When traveling abroad and you find yourself needing to exchange your native currency for the local one, you're engaging with a critical player in the financial market known as a market maker. A market maker is an individual or institution that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread or turn. In the context of currency exchange, these entities take on the crucial role of setting the exchange rates—determining the price at which they're willing to buy and sell currencies—and facilitating transactions between parties. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#commodities-markets) **Commodities Markets** The price of oil, wheat, or gold is influenced by market makers who buy and sell contracts based on future expectations, creating a liquid market for these essential commodities. The price changes in commodities like oil, wheat, or gold, influenced by market makers' buying and selling decisions, not only affect investors but also have a direct impact on everyday consumer prices, making it relevant to all. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#why-are-market-makers-important) **Why are Market Makers Important?** By providing constant liquidity, market makers benefit both buyers and sellers. Buyers can find a seller for their desired asset at a transparent price. Sellers can offload their assets quickly without waiting for a matching buyer. Market makers help prevent price swings by absorbing temporary imbalances in supply and demand. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#which-markets-are-market-makers-trading-on) Which Markets are Market Makers Trading on? Covered Products Availability KXINX 98% of each 1h increment KXINXU 98% of each 1h increment KXINXY 98% of each 1h increment KXNASDAQ100 98% of each 1h increment KXNASDAQ100U 98% of each 1h increment KXNASDAQ100Y 98% of each 1h increment KXBTC 98% of each 1h increment KXBTCD 98% of each 1h increment KXBTCMAX150 98% of each 1h increment KXETH 98% of each 1h increment KXETHD 98% of each 1h increment KXDOGE 98% of each 1h increment KXDOGED 98% of each 1h increment KXSHIBA 98% of each 1h increment KXSHIBAD 98% of each 1h increment KXNBA 98% of each 1h increment KXNBAEAST 98% of each 1h increment KXNBAWEST 98% of each 1h increment KXNBASERIES 98% of each 1h increment KXNBAGAME 98% of each 1h increment KXNHL 98% of each 1h increment KXNHLEAST 98% of each 1h increment KXNHLWEST 98% of each 1h increment KXNHLSERIES 98% of each 1h increment KXNHLGAME 98% of each 1h increment KXPGATOUR 98% of each 1h increment KXFOMENSINGLES 98% of each 1h increment KXFOWOMENSINGLES 98% of each 1h increment KXINDY500 98% of each 1h increment KXHEISMAN 98% of each 1h increment KXMLB 98% of each 1h increment KXMLBAL 98% of each 1h increment KXMLBNL 98% of each 1h increment KXNBACOY 98% of each 1h increment KXNBAMVP 98% of each 1h increment KXNBAROY 98% of each 1h increment KXEPLGAME 98% of each 1h increment KXEPLTOP4 98% of each 1h increment KXUCL 98% of each 1h increment KXUCLGAME 98% of each 1h increment KXSERIEA 98% of each 1h increment KXSERIEAGAME 98% of each 1h increment KXBUNDESLIGA 98% of each 1h increment KXBUNDESLIGAGAME 98% of each 1h increment KXLALIGA 98% of each 1h increment KXLALIGAGAME 98% of each 1h increment KXLIGUE1 98% of each 1h increment KXLIGUE1GAME 98% of each 1h increment KXCPI 98% of each 1h increment KXCPIYOY 98% of each 1h increment KXFED 98% of each 1h increment KXFEDDECISION 98% of each 1h increment KXU3 98% of each 1h increment KXIPO 98% of each 1h increment KXLLM1 98% of each 1h increment KXMARMAD 98% of each 1h increment KXNCAAMBGAME 98% of each 1h increment KXATPMATCH 98% of each 1h increment KXWTAMATCH 98% of each 1h increment KXMENWORLDCUP 98% of each 1h increment KXSB 98% of each 1h increment KXNFLGAME 98% of each 1h increment KXNFLAFCCHAMP 98% of each 1h increment KXNFLNFCCHAMP 98% of each 1h increment KXNFLMVP 98% of each 1h increment KXNFLOPOTY 98% of each 1h increment KXNFLDPOTY 98% of each 1h increment KXNFLOROTY 98% of each 1h increment KXNFLDROTY 98% of each 1h increment KXNFLCPOTY 98% of each 1h increment KXNFLANYTD 98% of each 1h increment KXNFLFIRSTTD 98% of each 1h increment KXNFL2TD 98% of each 1h increment KXINXMAXY 98% of each 1h increment KXINXMINY 98% of each 1h increment KXINXPOS 98% of each 1h increment KXAAAGASM 98% of each 1h increment KXGDP 98% of each 1h increment KXPAYROLLS 98% of each 1h increment KXRATECUTCOUNT 98% of each 1h increment KXFOMENSSINGLES 98% of each 1h increment KXFOWOMENSSINGLES 98% of each 1h increment KXUSOMENSSINGLES 98% of each 1h increment KXUSOWOMENSSINGLES 98% of each 1h increment KXWMENSINGLES 98% of each 1h increment KXWWOMENSINGLES 98% of each 1h increment KXNASCARRACE 98% of each 1h increment KXUFCFIGHT 98% of each 1h increment circle-info The list of products above is subject to change. Kalshi reserves the right to update, add, or remove products that market makers are trading on at any time. Keep an eye out for the latest information in this document. ### [hashtag](https://help.kalshi.com/markets/market-maker-program#what-fcms-are-kalshi-partnered-with) What FCMs is Kalshi partnered with? Kalshi is partnered with Webull Financial LLC and Robinhood Derivatives LLC. We look forward to partnering with more great FCMs in the future! Last updated 18 hours ago Was this helpful? * [Our Market Maker Program is now Live on Kalshi](https://help.kalshi.com/markets/market-maker-program#our-market-maker-program-is-now-live-on-kalshi) * [Market making exists in almost all markets!](https://help.kalshi.com/markets/market-maker-program#market-making-exists-in-almost-all-markets) * [Stock Exchanges](https://help.kalshi.com/markets/market-maker-program#stock-exchanges) * [Foreign Exchange](https://help.kalshi.com/markets/market-maker-program#foreign-exchange) * [Commodities Markets](https://help.kalshi.com/markets/market-maker-program#commodities-markets) * [Why are Market Makers Important?](https://help.kalshi.com/markets/market-maker-program#why-are-market-makers-important) * [Which Markets are Market Makers Trading on?](https://help.kalshi.com/markets/market-maker-program#which-markets-are-market-makers-trading-on) * [What FCMs is Kalshi partnered with?](https://help.kalshi.com/markets/market-maker-program#what-fcms-are-kalshi-partnered-with) Was this helpful? sun-brightdesktopmoon sun-brightdesktopmoon --- # Email Protection | Cloudflare Please enable cookies. 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If you have a website and are interested in protecting it in a similar way, you can [sign up for Cloudflare](https://www.cloudflare.com/sign-up?utm_source=email_protection) . * [How does Cloudflare protect email addresses on website from spammers?](https://developers.cloudflare.com/waf/tools/scrape-shield/email-address-obfuscation/) * [Can I sign up for Cloudflare?](https://developers.cloudflare.com/fundamentals/setup/account/create-account/) Cloudflare Ray ID: **9bf922d84cced649** • Your IP: Click to reveal 54.237.218.47 • Performance & security by [Cloudflare](https://www.cloudflare.com/5xx-error-landing) ---