[Remote] Backend Engineer (Affiliated Trading) at Kalshi

New York, New York, United States

Kalshi Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Biotechnology, Prediction MarketsIndustries

Requirements

Candidates should have at least 3 years of professional experience as a backend engineer, with demonstrated experience building robust, high-performance event-driven systems and APIs. Proficiency in relational databases like Postgres, writing concurrent code, and familiarity with the AWS stack (RDS, ECS) and stream processing (Kafka) are essential. Additional desirable attributes include experience building trading systems, Golang proficiency, frontend development familiarity, knowledge of machine learning or AI including LLMs, and experience trading on prediction markets.

Responsibilities

The Backend Engineer will build and maintain the infrastructure underlying Kalshi's trading operations. This role offers significant influence in shaping the future of Kalshi Trading and involves charting a path in a growing and evolving environment with ample greenfield opportunities.

Skills

Backend Engineering
Event-driven systems
APIs
Relational Databases
Postgres
Concurrent programming
AWS
RDS
ECS
Stream processing
Kafka
Trading systems
Order management
Golang
Frontend development

Kalshi

Regulated exchange for event contracts trading

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.

Land your dream remote job 3x faster with AI