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
Kalshi Launches Gold and Silver Perpetual Futures After CFTC Approval — First Non-Crypto Perps Cleared in the US
The CFTC approved and Kalshi launched perpetual futures on gold and silver on September 10 — the first non-cryptocurrency perps to receive US regulatory clearance. Contracts are cash-settled, perpetual, and 24/7. Kalshi has pending applications for US equities, copper, and currencies. Crypto perps have done $44 billion in notional volume since May. The launches put Kalshi in direct competition with CME and COMEX as US commodity trading venues.
Robinhood Agrees to Exit Michigan Sports Contracts by October 9 — Court-Approved Deal Described as Blueprint
Robinhood Derivatives agreed on September 4, under a court-approved stipulation, to stop new Michigan sports event contracts by September 9 and close positions by October 9. Michigan will not enforce gambling laws against Robinhood while it complies. The deal preserves Robinhood's CEA preemption argument and keeps Sixth Circuit appeals on track. Legal Sports Report called it a potential blueprint for similar interim accommodations between platforms and states.
Kalshi Seeks Ninth Circuit En Banc Rehearing While Robinhood Files Separate SCOTUS Petition
Kalshi petitioned the full Ninth Circuit (11 judges) for en banc rehearing of the August 28 3-0 ruling for Nevada on September 9. On the same day, Robinhood filed a separate SCOTUS certiorari petition from the same ruling, going directly to the Supreme Court. New Jersey already has a SCOTUS petition filed from the Third Circuit's April ruling. Two cert petitions now sit before SCOTUS on the prediction market question.