● Live Wisconsin AG suit vs Kalshi & Polymarket pending · NY/IL insider-trading orders in effect · Updated May 2026
← News & Updates
Platform news

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.

Operators mentioned in this article


Recent updates


Gibraltar Just Created the World's First Dedicated Prediction Market Regulatory Framework

Gibraltar's Prediction Market Regulations 2026 came into force on 13 July, making it the first jurisdiction in the world to create a standalone regulatory category for prediction markets — explicitly separate from gambling law. Licensed operators ADI Predictstreet and WagerWire received the first approvals. The framework allows stablecoins, restricts death and terrorism contracts, and is designed as a potential European standard.

Italy Re-Bans Polymarket — Putting a $22m Lazio FC Sponsorship Deal Under Italian Criminal Law

Italy's Customs and Monopolies Agency (ADM) added Polymarket to its blacklist for the second time in July 2026, re-classifying it as an unlicensed gambling operator. Polymarket had won a court reversal in late 2025 before the TAR Lazio. The renewed block threatens Polymarket's $22 million Lazio FC sponsorship: Italian law prohibits clubs from advertising unlicensed betting, potentially forcing Lazio to drop the partnership.

Kalshi Is Now Blocking Michigan Users — and Faces a Nevada Contempt Hearing on 16 July

Prediction market litigation has crossed from courtrooms to actual platform access restrictions. A Michigan state court issued a temporary restraining order on 29 June requiring Kalshi to halt sports contracts until 13 July — $120,000-per-day fines for non-compliance — and Kalshi began geofencing Michigan users on 7 July. Nevada is seeking to hold Kalshi in contempt after investigators purchased prohibited contracts eight times while in the state. Polymarket filed its first independent federal lawsuit, against New Mexico.