What Is the KALSHI App and How It Works
What is the Kalshi app? It is the mobile and web interface for Kalshi, a CFTC-regulated Designated Contract Market where you trade YES and NO shares on real-world events. The app provides access to Kalshi’s binary markets, account management, order placement, and market data in USD. It is designed for US residents who meet eligibility and complete KYC. The Kalshi app lets you view live bids, place limit or market orders, and monitor settlements after events resolve. This article explains the app from a definition standpoint and how it fits into a trader’s workflow.
What the Kalshi app enables for binary markets
Kalshi offers binary event contracts where each market has two sides: YES and NO. The app displays live prices, the order book, and the expected settlement of $1.00 for the winning side. Users can place orders in cents, with a per-contract fee applying to trades. The available securities are USD-settled and regulated under the CFTC. Accessing the markets through the Kalshi app means you interact with a centralised book and a Kalshi Klear clearinghouse for settlement.
US-regulated, non-gambling market rules
The Kalshi app operates within a regulated framework. It is designed for US residents 18+ who pass KYC checks and link a supported bank or debit rail. Outcomes are determined by written resolution rules and designated data sources, not by third-party oracles. This structure differentiates Kalshi from crypto-first platforms and emphasizes compliance, US legality, and transparent settlement in USD.
How prices and settlement work in the app
Each contract has a price range from 0.01 to 0.99 dollars. The app shows YES and NO prices that sum to 1.00, reflecting fair value. If your YES bet at 0.42 is correct, you receive 1.00 and lose 0.42 if incorrect. The app handles settlement after a market resolves, marking the winning side at 1.00 and the losing side at 0.00. Fees apply per contract, and there are no on-chain settlements.
Where KalshiArb fits with the Kalshi app
KalshiArb provides non-custodial scanning and AI-assisted signals for Kalshi markets accessed via the app. Our tools aim to surface intra-market arbitrage opportunities, such as paired YES/NO bets where the best-ask sum is under 1.00. The service emphasizes latency, live data, and safe API usage while keeping your Kalshi funds in your account.
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FAQ
- What is the Kalshi app in simple terms?
- The Kalshi app is the official US-regulated interface for trading YES/NO event contracts on Kalshi. It shows live prices, lets you place orders, and handles USD settlements after events resolve.
- Is the Kalshi app available to all US residents?
- Access is limited to residents who meet Kalshi’s eligibility criteria and complete KYC, including identity verification and linking a US bank or eligible debit card.
- How does settlement work on the Kalshi app?
- Settlement is based on the market’s written resolution rule and data sources. The winning side pays out $1.00 per contract; the losing side pays $0.00, with USD settlements handled by Kalshi Klear.
- What should I know about fees on Kalshi trades?
- Kalshi charges a per-contract fee on each fill. Fees apply to both YES and NO sides, with higher relative costs near $0.50. The exact fee depends on price and size per order.