Full-Time

Quantitative Developer

Affiliated Trading

Confirmed live in the last 24 hours

Kalshi

Kalshi

201-500 employees

Regulated exchange for event contracts trading

Fintech
Financial Services

Mid, Senior

New York, NY, USA

Category
FinTech Engineering
Quantitative Finance
Software Engineering
Required Skills
Data Structures & Algorithms
Requirements
  • 3-7 years of experience building distributed and performance engineering systems
  • Strong understanding of theoretical trading system design
Responsibilities
  • Building autonomous systems that will dynamically allocate liquidity on the Kalshi Exchange, based on the outputs from the forecasting models and algorithms
  • Working on performance and ensuring the systems are operating reliably and with low latency
  • Retrieving, organizing, storing and exposing data from the Kalshi Exchange as well as from a variety of external data sources
  • Working with the research team to implement the forecasting models and algorithms they develop in scalable and efficient ways
  • Maintaining an organized record of all of the trades executed by the market maker

Kalshi operates as a regulated exchange where traders can speculate on the outcomes of various events through a unique product called 'event contracts.' These contracts allow investors to bet on whether specific future events will happen, such as changes in Covid-19 statistics or legislative decisions in Congress. The platform expands the traditional futures market by addressing new economic risks, making it accessible to both individual investors and institutional traders who want to hedge or speculate on significant events. Kalshi earns revenue by charging transaction fees on trades made on its platform. What sets Kalshi apart from its competitors is its regulatory approval from the Commodity Futures Trading Commission (CFTC), which allows it to offer this new asset class in a compliant manner.

Company Stage

Debt Financing

Total Funding

$29.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

-31%

1 year growth

-35%

2 year growth

-36%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in event-driven trading boosts Kalshi's market potential.
  • Advancements in AI enhance prediction accuracy on Kalshi's platform.
  • Increased regulatory clarity encourages more financial institutions to use Kalshi.

What critics are saying

  • Emerging competitors like Polymarket could draw users away from Kalshi.
  • Legal challenges may arise over event contracts being seen as gambling.
  • Volatility in political events could lead to financial losses for Kalshi's users.

What makes Kalshi unique

  • Kalshi is the first US federally regulated exchange for event contracts.
  • Kalshi offers unique exposure to specific events, unlike traditional stocks or bonds.
  • Kalshi's platform is backed by prominent investors like Sequoia and Charles Schwab.

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