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Kalshi

Regulated event-contract trading platform

Product Manager - Core Product

Full-Time
$150k - $250k/yr+ Equity
Mid
New York, NY, USA
In Person
ProductProduct Management

About the job

Requirements
  • You have shipped customer-facing products and understand what makes a consumer app intuitive, useful, and worth returning to.
  • You can spot confusing interactions, simplify complex workflows, and partner with designers to turn a good idea into a great experience.
  • You can take an ambiguous problem, define what matters, set priorities, and personally drive the work through launch and iteration.
  • You understand how traders think about markets and positions, ideally with familiarity across commodities and macro, and can speak credibly about what these customers need.
  • You’re comfortable using data, customer research, and experiments to diagnose problems, make decisions, and measure whether a change worked.
  • You move quickly, make thoughtful tradeoffs, and care about the small details that determine whether a product works well.
  • You can align teams around a problem, explain your decisions, and work through technical, operational, and compliance constraints.
Responsibilities
  • Improve event pages, order entry, trading mechanics, and portfolio and position management so customers can understand markets and trade with confidence.
  • Own the category roadmap, starting with commodities. Develop a deep understanding of each audience, improve market pages and category-specific experiences, and partner with markets and growth teams on launches.
  • Spend time with traders, review support feedback, and use product data to identify where customers get confused or drop off. Prioritize the biggest problems and follow through from discovery to launch.
  • Close gaps across the app, classic web, and Pro. Decide which experiences should be consistent and where advanced traders need different capabilities.
  • Help traders understand their positions, track performance, and take action through clear, intuitive product experiences.
  • Develop and test experiences such as alerts, watchlists, and recurring markets that support ongoing engagement within non-sports categories.
  • Define category and product metrics, build dashboards with analytics partners, and run experiments to understand what improves trading conversion, engagement, and retention.
  • Work closely with engineering, design, markets and operations, support, and compliance. Make clear decisions, resolve tradeoffs, and stay involved in the details through QA and release.
Desired Qualifications
  • Experience building trading, investing, prediction market, or consumer financial products.
  • Firsthand use of trading or sports betting products, with a clear point of view on what makes their customer experiences work.
  • Experience owning products across mobile and web, building tools for advanced users, or launching and growing new product categories.

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

6 month growth

0%

1 year growth

6%

2 year growth

36%
Forbes
Oct 27th, 2026
Kalshi gives Canelo Álvarez over $10M in equity to be ambassador and investor

Kalshi has signed boxer Canelo Álvarez as an ambassador and investor to expand its Spanish-speaking user base. The prediction market gave Álvarez more than $10 million in equity, according to a source.

Yahoo Finance
Oct 24th, 2026
Phantom launches in-wallet prediction markets for US users via Kalshi

Phantom has begun a staged US launch of in-wallet prediction markets, run through Kalshi. It is Phantom's first US integration. Unlike the December version, the US product requires a Kalshi account. Users pass Kalshi's identity checks, and Phantom either creates an account or links an existing one. Kalshi approves the accounts and executes the trades. Phantom says it did the regulatory work up front. In March, Commodity Futures Trading Commission (CFTC) staff granted it relief from registering as an introducing broker, subject to 10 conditions. Users can pay with Phantom Cash or any Solana token. Phantom charges $0.01 per contract on top of Kalshi's $0.01 exchange fee, plus a variable network fee. Market restrictions reportedly apply in Michigan, Nevada, and Washington.

Business Insider
Oct 23rd, 2026
Kalshi and Carbon Arc launch sector KPI contracts to bet on markets without buying stocks

Kalshi and alternative data platform Carbon Arc plan to launch sector KPI contracts, letting users bet on business metrics such as point-of-sale data and app downloads rather than buying stocks. Traders could predict AI app downloads broadly, instead of taking a view on ChatGPT alone. Kalshi's Jack Such said stocks often fail as proxies for a thesis because they can move in a different direction "for any number of reasons." Such said the contracts differ from exchange-traded funds (ETFs), whose returns depend on a basket of stocks. Kalshi already offers markets on Tesla production, ChatGPT and Claude downloads, and Cava foot traffic, and wants to "ETF-ify" them. Carbon Arc chief executive officer Kirk McKeown said the aim is to give small investors data that hedge funds have long used. "It was really a pricing and access problem," he said.

Yahoo Finance
Oct 21st, 2026
Kalshi lets clients borrow against Bitcoin and Ether to fund leveraged futures bets

Kalshi will let some clients post cryptocurrencies as collateral for leveraged perpetual-futures trades, under a new arrangement with digital-asset custodian BitGo Holdings Inc. The company announced the move on Wednesday. Customers of Kalshi Prime, its US-registered futures commission merchant, can borrow against digital assets held at BitGo and use the proceeds to fund margin positions on Kalshi's main exchange. Kalshi Katalyst, a Kalshi Prime lending affiliate, will provide the loans. Eligible assets include Bitcoin, Ether, and stablecoins compliant with the Genius Act. "What we wanted to do was make it possible for customers to stay in crypto," said Kalshi Prime chief executive officer Jeff Bandman. The move could attract crypto-native trading firms and large holders, a segment where Kalshi may trail offshore rival Polymarket. Other custodians are expected to join later.

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%.