App Engineer
Kalshi$100,000 - $200,000/year
- Full Time
- Junior (1 to 2 years)
About Kalshi
Kalshi operates as a regulated exchange where traders can speculate on the outcomes of various events through a unique product called 'event contracts.' These contracts allow investors to bet on whether specific future events will happen, such as changes in Covid-19 statistics or legislative decisions in Congress. The platform expands the traditional futures market by addressing new economic risks, making it accessible to both individual investors and institutional traders who want to hedge or speculate on significant events. Kalshi earns revenue by charging transaction fees on trades made on its platform. What sets Kalshi apart from its competitors is its regulatory approval from the Commodity Futures Trading Commission (CFTC), which allows it to offer this new asset class in a compliant manner.
New York City, New YorkHeadquarters
2019Year Founded
$29.3MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees
Benefits
Company Equity
Risks
Emerging competitors like Polymarket could draw users away from Kalshi.
Legal challenges may arise over event contracts being seen as gambling.
Volatility in political events could lead to financial losses for Kalshi's users.
Differentiation
Kalshi is the first US federally regulated exchange for event contracts.
Kalshi offers unique exposure to specific events, unlike traditional stocks or bonds.
Kalshi's platform is backed by prominent investors like Sequoia and Charles Schwab.
Upsides
Growing interest in event-driven trading boosts Kalshi's market potential.
Advancements in AI enhance prediction accuracy on Kalshi's platform.
Increased regulatory clarity encourages more financial institutions to use Kalshi.
Funding
Total raised$29.33 M
Latest valuation$150.00 M
StageDEBT
SERIES A
1/31/2021$30
$150.00 MSEED
2/28/2019- Y CombinatorTop
N/A
$2.00 M