Kalshi launches Pro desktop terminal for multi-market trading and perpetual futures
Kalshi launched Kalshi Pro, a desktop trading terminal now in public beta. The product targets active traders with multi-market trading capability, advanced order management, a market screener, and integrated perpetual futures. A company representative said the terminal incorporates features from existing professional platforms and predicted it will drive more than 50% of total platform volume by year-end. The launch deepens Kalshi's push into professional derivatives trading after it added CFTC-regulated perpetual futures and hedge fund clearing access this year.
Kalshi Pro is a direct bid for the DRW, Wintermute, and IMC desks that recently built prediction-market operations. Those firms need multi-market oversight and resting order support to run institutional-size flow, features Kalshi's retail interface lacked. The year-end volume target signals Kalshi's conviction that professionals will become the dominant user class. If the terminal delivers, Kalshi tightens the gap with Polymarket's crypto-native speed while preserving its CFTC-regulated status.
A misfire leaves those market makers with no reason to prioritize Kalshi over competitor venues, and sportsbook giants with 40 million registered users remain ready to absorb any user frustration. The terminal's adoption curve in the next quarter is the test Kalshi must pass to sustain its $40 billion valuation narrative. Kalshi recently sought CFTC approval for gold, forex, and energy perpetual futures, and the Pro infrastructure is presumably the intended venue for those contracts if approved.