Kalshi Launches Pro Trading Terminal, Bundles In New Perpetual Futures Tools
The product, confirmed to CNBC via an internal memo, targets multi-market speculators and adds dedicated charting and risk tools for Kalshi's five-week-old perps business.
Kalshi launched Kalshi Pro on Monday, a trading terminal built for its most active users, the company confirmed to CNBC through a memo shared with the outlet. The product is now publicly available, though Kalshi says it remains in beta.
Pro is aimed at traders running multiple markets at once, moving quickly during live events, or working resting orders — trades that sit unfilled until a target price is hit — according to the memo.
The launch confirms the reporting CNBC first published on June 4, which described Kalshi building what amounted to a Bloomberg terminal for prediction markets. Kalshi confirmed the project publicly at a company event later that month.
On the feature side, Pro gives traders a continuous feed of all public trades on the platform, deeper visibility into individual contracts' order books, and a simplified way to track multi-leg contract positions, the memo said.
Kalshi's framing is that Pro formalizes what its most active traders were already doing informally. Many had built their own scripts and workflows to manage positions and find an edge; Pro is meant to bring that activity onto a Kalshi-built interface instead. Whether the company will eventually charge for the product is not yet clear.
The terminal also extends into perpetual futures, the "perps" product Kalshi launched on May 29 as the first CFTC-regulated perpetual futures offering in the US. Pro adds what the memo calls "terminal-grade" charting alongside new tools for managing risk on open perps positions.
Andy Chang, Kalshi's Pro product lead, said in a statement that the company's most active traders were already treating prediction markets and perpetuals with the sophistication of a professional trading desk. "We built Pro to give them the cockpit they deserve," he said.
Kalshi's perpetuals push has moved fast since its May debut. The instrument Kalshi is trying to bring onshore is a large one — offshore perpetual futures volume grew from an estimated $28 trillion in 2023 to more than $90 trillion in 2025, according to figures the company has cited, with funding payments between long and short positions settling every eight hours.
The Pro launch also lands amid a broader summer of infrastructure investment across prediction markets. Polymarket has been expanding distribution through exchange partnerships, most recently a Paribu integration that brought its markets into Türkiye's largest digital asset exchange. Newer entrants are moving too: World launched this month as a fully on-chain, Solana-native prediction market, chasing the same World Cup-driven volumes that have pushed Kalshi's own numbers higher.