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Full-Time

Backend Engineer

Core

Confirmed live in the last 24 hours

Kalshi

Kalshi

11-50 employees

Trading platform for event outcome speculation

Fintech
Financial Services

Compensation Overview

$100k - $200kAnnually

+ Equity + Benefits

Mid

New York, NY, USA

Category
Backend Engineering
Software Engineering
Required Skills
Data Structures & Algorithms
Requirements
  • 4+ years of software engineering experience.
  • Experience planning and leading large projects with long-term impact on a single system or team.
  • Strong technical grasp and ability to tackle complex engineering problems that deliver results.
  • Solid understanding of relational databases and transactions.
  • Familiar with writing highly concurrent systems.
  • History of creating and applying new processes and tooling to increase engineering efficiency.
  • Excellent judgment on task prioritizations.
  • Growth mindset, with a high slope and eagerness to lean.
  • Love of the craft: you genuinely care and put your all into your work.
  • Can ship at incredible speed (very simple).
  • Experience building financial systems, FIX API, clearing infrastructure, broker connectivity, etc. (Bonus points).
  • Proven experience building large-scale systems (Bonus points).
  • Like to interact directly with customers (Bonus points).
Responsibilities
  • Order matching and trade execution algorithms and data structures.
  • High-performance data feeds and trading APIs for clients.
  • High guarantee and availability clearing systems, including margining, collateral management, and banking integrations.
  • Lead integrations with external market makers, brokers, and hedge funds.
  • Stress test large-scale critical systems to ensure their robustness and maintainability.
  • Optimize database access patterns and internal algorithms to improve the performance of our different services.
  • Design new market structures (e.g., non-binary markets, scalars, futures, etc.).
  • Be close to the customer (define features, ship products, iterate)! Even the backend can choose to be close to customers depending on the project.
  • Ship fast and with high quality.
  • Make decisions: we give a lot of flexibility, which also means no spoon-feeding.

Kalshi's platform offers "event contracts," a unique asset class enabling traders to speculate on various event outcomes. The platform utilizes US federal regulation to expand commodity derivatives, paving the way for the futures market to address emerging economic risks.

Company Stage

Series B

Total Funding

$136.2M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

16%

1 year growth

18%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • The $30 million Series A funding round led by Sequoia Capital provides substantial capital for growth and innovation.
  • High-profile investors and board members bring valuable expertise and networks, potentially accelerating Kalshi's market penetration and strategic partnerships.
  • As a federally regulated exchange, Kalshi is well-positioned to gain trust and attract a broad user base, including institutional investors.

What critics are saying

  • Operating in a niche market of event outcome trading may limit Kalshi's user base and revenue potential.
  • Regulatory changes or increased scrutiny could impact Kalshi's operations and growth prospects.

What makes Kalshi unique

  • Kalshi is a federally regulated exchange, providing a unique and legal platform for trading on real-world event outcomes, unlike many competitors operating in less regulated environments.
  • The backing from high-profile investors like Sequoia Capital, Charles Schwab, and Henry Kravis adds significant credibility and financial stability to Kalshi.
  • Kalshi's focus on event outcome trading offers a novel investment avenue, distinguishing it from traditional financial markets and betting platforms.

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