Institutional

Kalshi for Industry

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Hedge Operational Risks

Kalshi event contracts serve as a more liquid alternative to traditional insurance that spans business risks across every category and enables institutions to trade directly on the event that causes the risk, without an intermediary that may be influenced by external factors.

Tariffs threaten to increase supply costs?

Tariff contracts enable hedging against new trade policy before it hits your margins

A heavy snow or rain season may reduce customer traffic?

Kalshi weather contracts enable hedging against lost customer traffic

Rising oil prices could break the budget for fuel?

Kalshi commodity price contracts enable hedging against increased costs

A recession could hit consumer spending?

Kalshi recession contracts enable hedging against a demand-driven sales drop

A mild winter could soften heating demand?

Kalshi temperature contracts enable hedging against a warm-winter revenue shortfall

Hedging in Practice

The exposure changes. The principle does not.

Game Point Capital hedge visual1 / 4

Sports performance

Game Point Capital

Game Point Capital used Kalshi to hedge NBA team performance-bonus payouts, pricing a playoff berth bonus at 6% versus 12–13% OTC, and second-round advancement at 2% versus 7–8% OTC.

“It might make more sense to hedge through Kalshi than through traditional channels, which might come with additional costs and fees.”
Will Hall, Game Point Capital CEORead more at Yahoo Finance

Institutional-grade Infrastructure

Subaccounts

Institutions can segregate funds and positions into up to 64 subaccounts under one set of API credentials. Entity accounts can also support multiple authorized users with separate logins and permissions for qualifying accounts.

API Capabilities and Controls

Kalshi’s API provides separate capacity for reading market data and placing orders. As activity grows, institutions can move to faster tiers built for firms placing thousands of orders per second.

API documentation

The Orderbook

Every Kalshi market runs on its own order book, and institutions can access liquidity through the public order book or through privately negotiated block trades for larger transactions. Quick (market) orders, limit orders, and RFQs (request-for-quote) are supported.

Block trades

Eligible Contract Participants can negotiate qualifying transactions off the public order book and report them to Kalshi

What is a block trade?

A negotiated transaction between two counterparties, executed away from the public order book and reported to the exchange

Why use block trades?

Establish large positions without moving the public market price, including in a custom contract when no listed market fits

Transaction thresholdsMinimum sizes
Non-sports event contracts25,000 contracts
Sports event contracts50,000 contracts

Coming soon: perpetual futures block trades

BTC perpetual futures$200,000
ETH perpetual futures$100,000
SOL perpetual futures$100,000
XRP perpetual futures$100,000
Other perpetual futures$50,000
No existing market?Create a custom contract
  1. Submit proposed contract specifications to Kalshi
  2. Kalshi reviews the terms against CFTC standards
  3. Existing certified specifications can be listed within days; new terms require CFTC recertification
  4. Both parties confirm the final certified specification
  5. Proceed through the block-trade process

How it works

Negotiate

Agree terms with an eligible counterparty off exchange

Pre-fund

Fund the Kalshi accounts used for the transaction

Submit

Report the agreed trade to Kalshi for review

Execute

Kalshi processes the approved block transaction

Settle

The trade settles at $1 or $0 per contract

Institutional guide

Kalshi’s Hedging Playbook: 50 Ideas for Block Trades

Get the playbook

Trade directly with Kalshi or through a broker or trading platform you already use

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