KALSHI Policy
KYC
Know Your Customer; Kalshi requires identity verification (name, SSN, address) before trading.
Detailed explanation
KYC stands for Know Your Customer and is Kalshi’s mandatory identity-verification process. It ensures the platform complies with U.S. regulations and confirms you are eligible to trade as a U.S. resident 18+ with a valid funding method. The process typically covers collecting personal data, official documentation, and linking a bank account or eligible debit card; anonymous trading is not possible. Completion timing varies by user and regulator checks, but Kalshi emphasizes timely verification to enable funding and trading.
Once verified, you can participate in markets, deposit funds via USD rails, and withdraw via ACH or supported debit methods. If your documentation is incomplete or rejected, you may need to resubmit or update details to resolve the issue and regain access to trading. KYC is a one-time requirement per eligibility profile, though updates may be needed for address changes or regulatory requests.
Worked example
If you’re opening a Kalshi account, you submit your legal name, date of birth, SSN, and a government-issued ID. After submitting, Kalshi verifies these details; once verified, you fund with USD (e.g., ACH) and you can place YES/NO orders (e.g., YES at 42¢, NO at 56¢, total 98¢ → 2¢ edge).
FAQ
- What is KYC in Kalshi context?
- KYC is Kalshi’s identity-verification process to confirm you’re a eligible U.S. resident and to enable trading.
- Is KYC required to trade on Kalshi?
- Yes. KYC is mandatory before you can fund, place orders, or withdraw funds.
- How long does KYC take?
- Timing varies; many verifications complete within minutes to a few days depending on documents and regulatory checks.
See KYC on a live Kalshi market
KalshiArb scans every open Kalshi market for arbitrage edges where YES + NO < $1.00. Plug in your Kalshi API key and start receiving alerts in under 5 minutes.
Related terms
- KALSHI FeeTrading fee charged on each order, applied per contract and per fill.
- CFTCU.S. regulator overseeing Kalshi as a Designated Contract Market (DCM) and enforcing trading rules.
- Designated Contract MarketKalshi’s CFTC-regulated venue for trading binary event contracts (YES/NO) with USD settlements.
- Geo RestrictionsKalshi eligibility rules by state and residency determine who can trade; check Kalshi’s published list for current limits.