Kalshi Launches Pro: a Professional Trading Terminal That Signals What the Platform Is Becoming
Kalshi released Kalshi Pro on 13 July 2026 — a free professional trading terminal built on TradingView charts with a multi-market Canvas layout, take-profit/stop-loss orders, reduce-only orders, a max-slippage guard, and margin-risk alerts. It covers both prediction markets and crypto perpetual futures, and is the clearest signal yet that Kalshi is evolving from a consumer app into a full-service derivatives exchange.
Kalshi released Kalshi Pro on 13 July 2026, a professional-grade desktop trading terminal available for free in beta at pro.kalshi.com. The centrepiece is Canvas — a multi-market workspace where traders can arrange multiple markets in custom saved layouts, each with its own order book, TradingView chart, and order panel. Canvas is aimed at users the retail Kalshi app cannot efficiently serve: traders managing positions across dozens of markets at once, reacting in real time during live sporting events, or running structured strategies that require resting orders across multiple instruments. Both prediction markets and crypto perpetual futures are available on the Pro platform.
The risk-management suite is what elevates Pro beyond a cosmetic redesign. Take-profit and stop-loss orders can be placed and managed directly on the chart. Reduce-only orders prevent positions reversing direction if filled against the intended trade. A max-slippage guard caps execution deviation on market orders. Proactive margin-risk alerts surface before forced liquidation. These are tools active traders require to manage multiple positions in a fast-moving market where price discovery happens in seconds during live events — standard in professional derivatives interfaces, absent from most prediction market products.
The timing is deliberate. Kalshi's institutional trading volume grew 800% in the six months to June 2026, and its crypto perpetual futures product — the first under direct CFTC supervision in the United States — hit $1 billion in trading volume in its first week. The $40 billion valuation Kalshi is reportedly seeking in a new funding round is not justified by retail sports-betting volume alone; it requires a credible story about institutional market-making and professional derivatives trading. Kalshi Pro is that story made visible.
For UK readers, the launch is a useful reference point for what a regulated prediction market exchange looks like at maturity. The Bloomberg, dYdX, and professional crypto-derivatives interfaces Kalshi Pro is now competing with operate in either traditional finance or unregulated crypto — not in an FCA-equivalent, CFTC-licensed prediction-market space. A professional terminal built on federally regulated event contracts with institutional risk-management tools is a genuinely new product category. The UK has no equivalent regulatory pathway for it yet.
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Recent updates
Utah Files Felony Charges Against Kalshi and Its Founders — Second State to Criminally Charge a Platform
Utah filed criminal charges against Kalshi and its two co-founders, Tarek Mansour and Luana Lopes Lara, on October 28 — 13 felonies and a misdemeanour, including a second-degree 'pattern of unlawful criminal activity' count and 12 counts of online gambling promotion. The charges stem from a September sting in which an undercover agent placed 12 sports wagers verified to be in Utah. The CFTC sued Utah the day before to block state enforcement, its tenth such suit. Utah is the second state after Arizona to criminally charge Kalshi, and the first to charge the founders personally. Kalshi called it a 'crazy overreach.'
NBA Names Kalshi and Polymarket Preferred Exchanges — Leaving the NFL Alone in Opposition
The NBA announced on October 26 that it has named Kalshi and Polymarket its 'preferred prediction market exchanges,' signed a non-binding memorandum of understanding with the CFTC on basketball integrity, and expanded its DraftKings deal to include prediction markets — the first league to extend a sportsbook partnership into the category. The exchange deals bar league and team personnel from trading NBA contracts, limit permissible markets, and require sharing suspicious-trading data, in exchange for NBA intellectual property and official data. The NBA joins MLB, the NHL, and MLS as partnered leagues, leaving the NFL as the lone major holdout — and the only league fighting the platforms in court.
CFTC Chair Says Agency Is Watching Prediction Markets for Manipulation Ahead of Midterms
CFTC Chairman Michael Selig said on October 23 that the agency is closely monitoring prediction markets for manipulation ahead of the November 3 midterms, and that it is separately scrutinising oil market trading tied to President Trump's announcements about the war in Iran. Combined midterm open interest on Kalshi and Polymarket stood at $250 million as of October 18, with Kalshi holding 84%. Selig acknowledged the agency often catches political figures trading 'oftentimes after the fact.' The remarks highlight the CFTC's dual role as both the platforms' federal protector and their manipulation watchdog.