Legal (Market Contracts)

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Fintech, RegulationIndustries

Requirements

Candidates must possess a J.D. and be admitted to practice law in at least one U.S. jurisdiction, with 2-4+ years of legal experience in commercial law, financial markets, or regulatory affairs. Experience in the prediction market industry is a plus, as is a strong foundation in drafting and negotiating contracts for markets, trading, or financial products, and familiarity with CFTC regulations. The ideal candidate is detail-obsessed, pragmatic, and comfortable in a fast-paced, innovative environment.

Responsibilities

The Legal Associate will draft, review, and refine contracts governing market operations, including event specifications, trading terms, and participant agreements, ensuring compliance with CFTC regulations and other laws. They will collaborate with Product, Risk, Growth, and Partnerships teams to align market structures with business needs and regulatory standards, develop standardized templates, and translate complex legal concepts for non-legal stakeholders. Responsibilities also include managing the contract lifecycle, identifying automation opportunities, and supporting broader legal operations.

Skills

Legal contract drafting

Regulatory compliance

CFTC regulations

Derivatives markets

Financial regulations

Market contract development

Risk management

Legal frameworks

Rulebooks

Clearing agreements

Participant agreements

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.

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