Trade what happens next.
Kalshi is the first regulated exchange for trading on the outcomes of real-world events, like interest rates, elections, sports and weather. People set the price, not the house.
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The first federally regulated exchange for future events, offering a real-time forecast of what happens next.
Free and competitive
Kalshi is open to everyone in one nationwide market, so more traders means more competition, tighter prices and a better experience for all.
Transparent
Every price and trade is public, so whether it’s the next Fed decision or the Super Bowl, you’re seeing a forecast set by people.
Fair
The market sets the odds, not the house. We never trade against you or profit when you lose, and we never limit customers for winning.
Safe
As a federally regulated U.S. exchange, we monitor every market for insider trading, keep minors off the platform and put responsible trading first.
Our backers
Supported by leading investors in technology and finance who believe in creating markets for real-world events.
Certification, Regulation
& Compliance
Kalshi is regulated by the CFTC, the federal agency that oversees exchanges like CME and ICE. Our business model is simple: we earn a small fee on every trade, never sell your orders and never profit from your losses.
The Kalshi story
2018 – Founding
Tarek Mansour and Luana Lopes Lara met while studying at MIT. During their early careers at places like Goldman Sachs, Citadel and Bridgewater, they saw that financial decisions often hinged on future events, but trading on those events meant complex, costly workarounds. So they set out to build a simple, direct exchange for people to trade on event outcomes.
Meet the Founders
Tarek and Luana
Kalshi was founded in 2018 by Tarek Mansour and Luana Lopes Lara, who studied together at Massachusetts Institute of Technology. Tarek Mansour was born in California and spent his early years growing up in Lebanon. Lopes Lara is from Brazil, where she danced at an elite ballet academy affiliated with Russia's Bolshoi Theater.
Press
Are Prediction Markets the Best Forecasting Tool Ever — or Just Another Casino?Freakonomics Radio · (opens in a new tab)
Prediction markets take a swing at hedging for US small businessesReuters · (opens in a new tab)
Prediction Markets Are Crucial Knowledge-Givers To Small BusinessForbes · (opens in a new tab)Cantor Lets Hedge Funds Place Big Bets on Kalshi’s Prediction MarketsThe Wall Street Journal · (opens in a new tab)
Kalshi’s C.E.O. Isn’t Interested in Management AdviceThe New York Times · (opens in a new tab)
Engage with Kalshi
For media inquiries and interview requests, contact media@kalshi.com.