Events trading is a fun and fascinating business, but Kalshi is not a company I'd recommend anyone work with. After it became clear that Biden would be dropping out, Kalshi's head of markets - Xavier Sottile - sent a note out to folks that had traded in the "number of debates" contract on Kalshi. What was in his clarifying message was, in my opinion, different from how the contract language was written. He specifically said to reach out and ask him if anyone had any questions. I tried emailing him several times over the following couple weeks trying to get clarification but never got the courtesy of a response. At this point I'm unwinding all of my positions on Kalshi and will find an events broker that's more trustworthy and has better customer service. They've recently implemented a fee to withdraw money out of your account as well. It's only $2 per withdrawal, but it still feels like a bait and switch because that's not clear from the beginning and it's certainly not industry practice for financial accounts.
App is really smooth. Better and cleaner than other brokers
Events trading is really sick. I’ve added them to my portfolio as a way to get more precise exposure on a number of factors that go into a stock. I wouldn’t be surprised if this trading instrument becomes massive. The company has a lot of educational material, which made it easy to onboard and trade safely. I also like that there is no leverage right now, which makes it simpler and more safe. But I hope the company introduces leverage later down the line as traders build a track record. The app flows well. It’s easy to understand and manage one’s exposure. I also like using the order book functionality: it’s much better than other brokers like IBKR for example, where the interface is so confusing and convoluted.
I’m in the process right now of turning $120 into nearly $400 off the kingdom of planet of the apes movie because I’m familiar with the series and knew it was gonna be good far above a 75 rotten tomatoes. This app is excellent. I’ve always wanted something like this where you could trade on the success of a video game or something that you know would be great. This might be the key to achieving real financial independence which is very difficult for a young man and today’s world and I’m diving in baby!
Incredible app. Event contracts are the next big thing.
This asset class is everything I’ve been waiting for in terms of trading. You can trade directly on opinions on all sorts of things without worrying about adverse selection or whether your counter-parties have more information than you. Expanding commodity futures to include all sorts of real and tangible things is elegant and beautiful. The app and interface itself is incredibly clean and balances function with simplicity really well. The Kalshi team outdid themselves again.
It can be, for a lack of a better word, glitchy at times. For example, I’ve tried to deposit money several times and it says to wait until the previous funds have been deposited. I’ve been waiting for days and it keeps saying this. Edit: customer support did in fact help me out. It can take a few days to completely process my bank transfer. I’m satisfied.
The app has basically all of the functionality of the desktop version - the only bug I can find is that last price on the app (eg what's shown between bids and asks in the order book, or in "Activity" tab, and a few other places) is always the "yes" price, even when looking at "no"s. This differs from web behavior.
Often when trading stocks I found myself thinking A) if event X is going to happen in the world then B) which stocks are likely to go up vs down? With Events trading I’m actually able to just make a trade based on the world event itself - with no indirection. This makes the whole process of trading a lot simpler and more accessible for me
I have been a Kalshi user for 2+ years and very happy with the range of markets they offer. They iterate fast and have added a ton of features to the site in a short time. And the team is very open to feedback, which keeps the fun going with new markets. As they are CFTC approved, I feel quite comfortable trading over there.
I don’t like the way the app and set up where you have to buy. Big amounts only.
I’m a little guy just playing around with little money and I don’t like on the app set up like I literally got to spend 100 I don’t even have that in my account. I’m just a small fry playing in a small pool so I have to use. Unfortunately the bookmark app on my iPhone to bookmark the main site because that’s the way it’s done where I can just buy singles and at my low bottom of the barrel price you guys need to fix that
I continue to try to go on this app and have never even been able to log in. Whenever I open up the app it says there is an update and sometimes there is and I update the app and it says the same thing. But for the most part, there is no update and the app simply doesn’t let me in because it is stuck on the Update screen. Very frustrating especially because I have heard good things about this app.
Support responds quickly and the team is always available. App has been getting better over time. Awesome platform. Just wish the fees were a little lower for takers (goes as high as 5% right now)
Finally a product that allows investing in speculative situations! I’ve always found investing in the market can be kind of boring, so I really enjoy being able to invest in other things.
The option terms changed while the market was open to exclude a surprise double album release. This left a two hour gap in which the option terms were met and should have closed. Scummy move. I do not trust a company that doesn’t respect events as they happen.
I just install the app and I love the features and the one best feature on the events is how the percentage of the trade outcome is going to be. I’m definitely going to invest and trade with you guys!!
Glad Kashi app finally launched. The app itself is simple and easy to scan and trade various markets I am interested. Highly recommend for someone who is looking for new type of investment
literally couldn't log in bc it's not clear on how to create an account. i looked at my email and finally got logged in . when i wanted to get back on the app it kept telling me "sorry where having issues" something along those lines for like 2 days so i just deleted it , but literally a pointless app
I think this will be the future of trading. I love that I can hedge the various risks I face. It also helps that’s the app is really beautiful and easy to use
I love that I can trade exactly on the things I think about - inflation, interest rates, etc. I had a really easy time learning about how to use Kalshi as well!
Tried to signup using icloud but said an account with my icloud already existed. So i tried to sign in with my icloud and got login error. Ultimately i just created an all new account
Kalshi is amazing. It is hands-down the best prediction market out there. If you don’t know what prediction markets are, get ready for your new obsession!
Not enough liquidity for anything approaching a $100 order. They can find it when you’re buying but it mysteriously disappears when selling prior to expiry. I’m disappointed that my experience did not align with the expectations set by the company’s messaging/news of SIG onboarding.
Holy shnikeys this app. It does exactly what i assume it does! So much with the graphs and stuff. Go kashi lean crunch! Thats a cereal right? But this is an app that supports black businesses.
The fee is extremely high, they charge you even for withdrawal. It’s hard to trade with such a low volume. Waste of time and money, just use Robinhood for free option trading, much better.
Plaid is the only payment in method. And even with Chase and WF, most used in USA, the payment didn’t go through even after trying 5 times. This is first step and App failed to impress me.
Do not download this app and link your bank. Had money stolen directly from my bank account and have no recourse or support available through the app… Scam
Most markets dead and wide spreads due to lack of liquidity , software not that user friendly . I think it’s much easier just to get a brokerage account.
Kalshi is the first federally regulated commodity exchange that allows you to buy and sell contracts on whether events will happen or not. On our exchange markets, you can trade: US inflation / CPI measurements Fed interest rates National debt S&P 500 closes Nasdaq 100 daily closes Student loan forgiveness (SCOTUS) Government shutdown NYC high temp Hurricane strength Global average temperature deviation Forex indices (USD/EURO USD/JPN) Biden approval ratings The Oscars Gasoline prices Recessions Plus, over 400 other regulated markets! And the markets never close. Which means you can now make money from Monday to Sunday! HOW DOES KALSHI WORK? You can buy and sell contracts from either direction—the higher the price, the more likely that event will occur. For example, traders predict that the Federal tax to increase, but they don’t think the State tax will change. If you agree, you can buy contracts for “Federal tax increases” and another for “State tax stays the same”. HOW IS KALSHI REGULATED? Kalshi is federally regulated by the Commodity Futures Trading Commission (CFTC). Our regulated exchange is transparent and prevents fraud in trade transactions. Our regulated clearing house eliminates default risk and promotes market stability. Our custodial account ensures your money is safe and available for withdrawal when needed. HOW DOES KALSHI FIT INTO MY INVESTMENT PORTFOLIO? Kalshi is ideal for those who have already invested in traditional stocks or bonds. Our markets help to diversify your existing portfolio because they’re not correlated with other assets—which means that when a stock goes up or down, Kalshi markets don’t necessarily follow suit. WHO IS KALSHI FOR? If you’re plugged in to current events and stay updated with economic and political news, you’ll love Kalshi. Whether your profession is day trading/futures trading/forex trading, or you simply follow the CPI news, you’ll love Kalshi. Plus we are regulated to host cultural and weather markets on our exchange, like the strength of an incoming US hurricane or who will win Best Actress at the next Oscars. Kalshi is the only futures trading platform in the US platform that allows you to trade these markets. Our unique offering also attracts sports traders and sports betting users across the nation. HOW MUCH MONEY DO I NEED TO GET STARTED? You can open and maintain a Kalshi account for free. Our markets generally require less capital than others and can be a great way to diversify your investments without risking too much. ADVANCED TOOLS & API ACCESS Take your strategies to the next level with effortless automation. You can build an algorithm in 30 lines! - Follow our helpful docs and get running in minutes with our starter code and Python package. - Then backtest your strategies for free with historical data - Access open-source resources built by our developer community EARN MONTHLY REBATES Kalshi is already a low-fee exchange. But options trading and day trading users can get their fees down even lower with Kalshi’s generous rebate program. With over 400+ unique markets to trade, from inflation to forex to future markets on Trump and Biden, Kalshi is a must-have app for anyone that is interested in economic and political events. Download Kalshi NOW.
The new era of mobile app marketing starts with SplitMetrics AI
