Illustration of the Kalshi logo.<\/p>\n
Dado Ruvic | Reuters<\/p>\n
Prediction market<\/a> platform Kalshi<\/a> is launching a product for its highly active traders on Monday, the company told CNBC.<\/p>\n Kalshi Pro, now available to the public, is designed for speculators who trade multiple markets at the same time and or move with speed during live events, according to a memo provided to CNBC. The platform is also designed to support those who run resting orders, trades that don’t execute until certain prices are met, the memo said.<\/p>\n CNBC reported in the beginning of June<\/a> that Kalshi was working on a terminal for its high-end traders. Kalshi confirmed the product’s development at an event later that month.\u00a0While publicly available, the Pro product remains in beta testing. <\/p>\n The platform also allows traders to see a continuous feed of all public trades, have a better view into individual contracts’ order books and provides a simpler way to examine multi-leg contract trades, the memo said.\u00a0<\/p>\n The product is a response to the fact that many of Kalshi’s most active traders have created their own software and workflows to help manage their trades and gain an edge. Kalshi Pro is a product to create a more central platform for these speculators.\u00a0It’s not clear whether Kalshi will seek to monetize the product at some point.<\/p>\n Kalshi Pro also will feature new utilities for those trading on the company’s perpetual futures<\/a>, colloquially known as “perps,” product. That includes “terminal-grade” charting, and new ways to manage risks on traders’ perps positions, according to the memo.\u00a0<\/p>\n “Kalshi’s active traders are already trading prediction markets and perpetuals like Wall Street trades equities and bonds,” said Andy Chang, the Kalshi Pro product lead, in a statement. “We built Pro to give them the cockpit they deserve.”<\/p>\n Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.<\/p>\n