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Kalshi

Regulated event-contract trading platform

Growth Product Manager - Reactivation

Full-Time
$200k - $300k/yr+ Equity
Mid
New York, NY, USA
In Person
ProductProduct Management

About the job

Requirements
  • Experience as a Growth Product Manager or consumer Product Manager, with a track record of using data and experimentation to improve user behavior and business outcomes.
  • Strong, hands-on SQL skills, including independently exploring user data, building cohort analyses, and turning findings into product decisions.
  • Strong quantitative judgment, including sizing opportunities, prioritizing experiments, and distinguishing meaningful results from noise.
  • Ability to move from an ambiguous problem to a launched experiment and follow through on results.
  • Creative thinking about why users return to a product, including ideas beyond standard promotional offers.
  • Understanding of sports and seasonality, including how fan interest changes throughout the calendar.
  • Ability to work closely with engineering, lifecycle marketing, and acquisition teams to deliver coordinated programs.
Responsibilities
  • Set the roadmap, prioritize opportunities, and take experiments from analysis through launch and measurement.
  • Use SQL to analyze cohorts by sports season, category traded, major event, and behavior; identify churn patterns and size opportunities.
  • Test product experiences, incentives, and other approaches with clear hypotheses and rigorous measurement.
  • Develop reactivation strategies for seasonal sports, elections, and other major moments, including what happens after they end.
  • Determine which users to reach, what will resonate, and when to engage them; coordinate channel execution and measurement.
  • Build ways for users to find relevant markets beyond the event or sport that first brought them to Kalshi.
  • Turn successful experiments into ongoing programs, document what works, and establish benchmarks for reactivation performance.
  • Track post-season reactivation rates, the share of active traders who have reactivated, and whether returning users stay engaged; coordinate proposed programs with the CCO and CRO.

About the company

Kalshi runs a US federally regulated exchange that lets traders speculate on whether future events will occur using event contracts. These contracts are approved by the CFTC and enable positions on outcomes like statistics or legislative results. Traders place bets on events via Kalshi’s trading platform, and the company earns revenue from transaction fees on each trade. Kalshi differentiates itself by being the first federally regulated market for event contracts, focusing on a new asset class within the futures ecosystem, and attracting both individual investors and institutional traders. Its goal is to give participants a regulated venue to hedge or speculate on economically significant events, expanding the scope of traditional futures markets.

Company Size

501-1,000

Company Stage

Series F

Total Funding

$2.5B

Headquarters

New York City, New York

Founded

2019

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Simplify's Take

What believers are saying

  • July 2026 revenue annualized above $4 billion signals explosive sports demand.
  • Public and Coinbase partnerships broaden retail automation and real-time execution.
  • Biotech pilot markets launched July 2026 create new non-sports verticals.

What critics are saying

  • New York sued July 31, 2026 seeking to block all event contracts nationwide.
  • CFTC advisory on September 22, 2026 highlighted insider-trading and fraud enforcement across Kalshi.
  • A Supreme Court loss on sports betting erases Kalshi's core fee base by 2027.

What makes Kalshi unique

  • Kalshi remains the only CFTC-regulated U.S. exchange for event contracts, despite 2026 litigation.
  • Its September 2026 tribal app partnership expands distribution through Tunica-Biloxi ownership.
  • DoubleZero and ProCap integrations turn Kalshi data into institutional trading infrastructure.

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Benefits

  • Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

9%

2 year growth

34%
Yahoo Finance
Oct 20th, 2026
Webull to offer Kalshi-cleared crypto perpetual futures to US customers from November

Webull plans to offer crypto perpetual futures to US customers from November, through a partnership with prediction market operator Kalshi. The first products will cover Bitcoin and other selected cryptocurrencies. Contracts will be listed on KalshiEX LLC, an exchange regulated by the US Commodity Futures Trading Commission (CFTC), and cleared through Kalshi Klear LLC. Eligible customers can trade through their existing Webull Futures accounts. Webull plans to add more products before the end of the year, subject to regulatory review and exchange listing requirements. Perpetual futures have no fixed expiration date and can involve leverage. "Perpetual futures have become a significant part of global derivatives markets, with annual volume reaching more than $90 trillion in 2025," said Webull US chief executive officer Anthony Denier. Webull shares trade at $6.20, up 5%.

Fortune
Oct 14th, 2026
Kalshi co-founder credits "no VPs" flat structure for growth to $4B annualised revenue

Kalshi, the prediction market, has grown fast by avoiding formal hierarchy, co-founder and chief operating officer Luana Lopes Lara said. "We don't have 'heads of' or VPs," she told Fortune's Most Powerful Women summit in Santa Barbara, California. Everyone reports to her or is one step away. Lara said this lets the company decide and adjust quickly, and avoid the meetings and red tape that slow growing startups. One research firm estimated in June that Kalshi was on track for $4 billion in annualised revenue, up from $775 million in December. Sports betting drove much of the rise. Dozens of state governments claim Kalshi runs an illegal sports gambling operation. Appeals courts have issued conflicting rulings, and the Supreme Court is expected to rule next year. Lara said she is optimistic Kalshi will prevail.

NPR
Oct 9th, 2026
Kalshi hires former FBI agent to lead anti-money laundering efforts amid regulatory scrutiny

Kalshi has hired former FBI agent Sean Fern to lead its first anti-money laundering team as prediction markets face increasing regulatory scrutiny. Fern, who previously served as a federal prosecutor in Brooklyn and worked on the FBI's international corruption squad, will monitor suspicious activity on the platform. According to TickerTracker, Kalshi has processed $260 billion in bets this year, triple the amount traded in all of 2025. The platform faces mounting pressure over market manipulation and insider trading. Federal regulators recently settled with former Rep. George Santos over market manipulation, whilst prosecutors indicted individuals for allegedly using non-public information on rival platform Polymarket. PitchBook estimates Kalshi's value at around $40 billion. The company has 250 employees and plans to double headcount within six months.

Fortune
Oct 9th, 2026
US gambling addiction nonprofit chief resigns after $2M Kalshi donation sparks internal revolt

The executive director of the National Council on Problem Gambling resigned in late September after accepting a $2 million donation from prediction market platform Kalshi without board approval. Heather Maurer, who began the role in January, required directors to sign nondisclosure agreements before revealing the donation at an April conference. When questioned, she acknowledged Kalshi had not agreed to fund safety measures or promote addiction helplines, sparking internal revolt. The controversy prompted several state organisations to sever ties with NCPG, including Washington's Evergreen Council on Problem Gambling and Ohio Casino Control Commission in September. The backlash centred on NCPG creating a separate "financial services and trading" donor category for Kalshi, exempting the platform from public safeguards required of traditional sportsbooks like DraftKings and FanDuel. Kalshi has grown to a valuation above $20 billion.

Fortune
Oct 7th, 2026
Four tribes launch prediction apps with Kalshi, breaking Native American opposition to the industry

Four tribes from California and Oklahoma have launched prediction apps in partnership with Kalshi, marking a significant split in Native American opposition to prediction markets. Alabama-Quassarte Tribal Town launched PokkeTrades, whilst three California tribes — Kletsel Dehe Wintun Nation, Greenville Rancheria, and Alturas Indian Rancheria — introduced their own platforms. The move follows the Tunica-Biloxi Tribe of Louisiana launching SaltTrade Derivatives last month. Each tribe owns and controls its app whilst Kalshi handles trading operations behind the scenes. The partnerships highlight a divide within Indian Country. Casino gaming generated over $46 billion in revenue in 2025 for tribes, and several have filed lawsuits against Kalshi alleging violations of tribal gaming rights. However, some tribes view prediction markets as a new revenue source, particularly those whose geography limits traditional gaming development.