Leading prediction market operator Kalshi on Tuesday announced the launch of “Kalshi Pro,” which will enhance the capabilities of its customer base.
The new product will allow traders to manage multiple markets simultaneously and access advanced analytics. That is part of what a company announcement described as “the latest step in [the] company’s evolution from a retail app to a full-service financial exchange.”
An important announcement
Kalshi Pro uses the same account, balance, and exchange as the standard Kalshi app. However, it also includes a robust analytics dashboard and professional trading tools to increase the potential of its prediction markets.
“Kalshi has long had the plumbing of a traditional financial exchange — strict CFTC regulation, a DCM license, and an affiliated DCO and FCM — but missed the advanced trading features for pro users,” the announcement read. “Kalshi Pro changes this, adding the frontend infrastructure that traditional exchanges and brokerages have long offered their most active users, directly into Kalshi’s own platform.”
A company official also noted that many of Kalshi’s most active users were already trading like professionals, and Kalshi Pro was designed to provide them with the tools they’d find at financial trading platforms.
What is Kalshi Pro?
Kalshi Pro can be summarized by three features.
Canvas allows users to display multiple prediction markets, each with their own order book, chart, and order panel, fit into customized layouts. Resting orders can be managed, bulk edited, and repriced directly in the order book.
Active Markets Screener allows users to view approximately 2,000 real-time prediction markets, which are sortable by price, spread, depth, and volume. This display allows traders to gauge real-time market sentiment.
Integrated Perpetuals Interface is an advanced home for perps trading, which includes:
- Advanced TradingView-licensed charting
- Live order books and a trading log
- Leverage selection
- Risk management tools
Benefits of the new product
All of the features included in Kalshi Pro fall under the company’s Commodity Futures Trading Commission license. The product is still in beta testing but is free and available to use at pro.kalshi.com.
The launch might not be significant to casual users, but it is critically important for Kalshi’s bottom line. Enhancing its trading tools and bringing it closer to a full-blown financial exchange will help it compete with platforms such as Robinhood, which offer robust trading to its customers.
Robinhood operates as a broker, routing its prediction market trades to Kalshi’s CFTC-licensed exchange and clearinghouse. Kalshi settles the contracts and pays customers, while Robinhood charges a $0.02 commission fee that it splits with Kalshi.
Developing Kalshi Pro brings the company closer to cutting out the middleman. Doing so would not only eliminate revenue lost to Robinhood’s transaction fees, but also help convert Robinhood users—who are reflected in Kalshi’s trading volume totals—into Kalshi users.
Kalshi’s prediction markets have never been more popular than they are currently. Reports suggest that the World Cup powered the platform to generate $31-33 billion in notional trading volume during June, as well as a daily record of $1.8 billion on July 5, the day of quarterfinal Knockout matches between England and Mexico and Brazil and Norway.
The Trade Handle Prediction Markets Take
Kalshi has remained committed to enhancing its product offerings, the most notable of which was the launch of its sports event contracts. Kalshi Pro is the next step in transforming the platform from a home for prediction markets to CEO Tarek Mansour’s vision of “financializing everything.” It also further separates Kalshi from its competitors, such as Robinhood, Polymarket, and crypto.com.