Kalshi launched a professional trading terminal on Monday aimed at its most active users, the company told CNBC.
Designed for traders who juggle multiple markets, react quickly to live events, or use resting orders — limit-style trades that execute only once a target price is hit — Kalshi Pro is now publicly accessible, though it remains in beta, the company said. Other features include a live stream of public trade activity, deeper visibility into contract-level order books, and streamlined tools for evaluating positions that span multiple contract legs.
Among the platform's heaviest users, custom-built tools and personal trading workflows are already common, and Pro is Kalshi's attempt to bring that activity under one roof. The company has not indicated whether it plans to charge for access.
"Kalshi's active traders are already trading prediction markets and perpetuals like Wall Street trades equities and bonds," said Andy Chang, the Kalshi Pro product lead, in a statement. "We built Pro to give them the cockpit they deserve."
Perps traders also get dedicated functionality within the terminal, with the company pointing to what it calls terminal-grade charting and additional risk management capabilities for open perpetual positions.
Kalshi's perps product has been a significant area of expansion for the company. The platform's crypto perpetual futures crossed $1 billion in trading volume within a week of their launch, recording more than $100 million in the first 24 hours. The Commodity Futures Trading Commission approved Kalshi's bitcoin perpetual contract on May 29, determining it complies with the Commodity Exchange Act. Before Kalshi, U.S. traders lacked access to a regulated domestic platform for these contracts.
The broader platform has also grown. Kalshi raised a $1 billion Series F at a $22 billion valuation, led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, and others. The company said its annualized trading volume climbed from $52 billion to $178 billion over six months, and it accounts for more than 90% of prediction market activity in the U.S.
The existence of the project had been previously reported and was acknowledged by Kalshi at a public event last month. CNBC, which first surfaced the story, disclosed that it holds a minority stake in Kalshi and has a customer acquisition arrangement with the company.