Kalshi tests Bloomberg-style trading terminal for professional event-contract traders
Kalshi is quietly testing an advanced trading terminal designed for its most active professional traders, according to multiple reports from early June. The platform offers real-time data and trade execution capabilities aimed at sophisticated users, marking a deliberate move beyond Kalshi's retail-oriented origins. A separate product integration with CME also allows traders to use corporate earnings event contracts to trade directly on quarterly reporting outcomes rather than on underlying stock price or index reactions. The CFTC-regulated platform's terminal development comes with few publicly available details but signals a broader effort to court institutional-grade participants.
Kalshi depends on Robinhood for the majority of its volume and suffered a 49.5% plunge when sports calendars went light. This terminal targets the same institutional traders who drive liquidity on CME and ICE; any traction hardens its $22 billion valuation narrative from consumer app to infrastructure layer.
Kalshi's latest terminal test follows just days after its alpha tests Bloomberg Terminal-style interface for professional traders, underscoring a concentrated push to diversify beyond the retail flow that Robinhood currently dominates.