Kalshi
Sponsor
How are you currently playing high impact events like FOMC decisions, CPI prints, debt ceiling, etc.?
My name is Tarek Mansour and I am the CEO and founder of Kalshi. Backed by Charles Schwab, and Sequoia Capital, Kalshi is the first US federally regulated exchange that allows traders to trade directly on the outcome of events, through an asset class called event contracts. Kalshi’s CFTC approval unlocked the ability to commoditize almost anything intro tradable instruments from Covid numbers to whether a bill will pass in Congress, broadening the historical definition of what a commodity derivative is and paving the way for the futures market to catch up to all the novel risks facing the economy today.
You can currently trade on a broad range of events on Kalshi, including FOMC decisions, inflation, daily weather, financial indices, commodities, climate change, COVID, SCOTUS decisions, TikTok Ban, and more. You can trade through our app (iOS or android), website, or API.
The simple idea behind event contracts came about during my time at Goldman Sachs in 2016. At the time, clients were looking to get direct exposure to Brexit and the 2016 US elections. Our desk would structure and sell complex financial bundles that included options, swaps, and a number of other instruments. However, these products have a clear problem: they are proxies and thus imprecise. Also, they're super expensive (we were charging 40% premiums to some of these counterparties).
Event contracts are (imo) elegant trading instruments because they allow traders to get direct exposure to the event itself, rather than trading on the market reaction to the event and trying to figure out what's priced in or not.
One of our most successful markets today is one about FOMC decisions: it allows you to trade all 2023 meetings directly. You can trade FED meetings directly or play the curve (flatteners, steepeners) or hedge the residual risk that the FED is presenting to your portfolio.
My name is Tarek Mansour and I am the CEO and founder of Kalshi. Backed by Charles Schwab, and Sequoia Capital, Kalshi is the first US federally regulated exchange that allows traders to trade directly on the outcome of events, through an asset class called event contracts. Kalshi’s CFTC approval unlocked the ability to commoditize almost anything intro tradable instruments from Covid numbers to whether a bill will pass in Congress, broadening the historical definition of what a commodity derivative is and paving the way for the futures market to catch up to all the novel risks facing the economy today.
You can currently trade on a broad range of events on Kalshi, including FOMC decisions, inflation, daily weather, financial indices, commodities, climate change, COVID, SCOTUS decisions, TikTok Ban, and more. You can trade through our app (iOS or android), website, or API.
The simple idea behind event contracts came about during my time at Goldman Sachs in 2016. At the time, clients were looking to get direct exposure to Brexit and the 2016 US elections. Our desk would structure and sell complex financial bundles that included options, swaps, and a number of other instruments. However, these products have a clear problem: they are proxies and thus imprecise. Also, they're super expensive (we were charging 40% premiums to some of these counterparties).
Event contracts are (imo) elegant trading instruments because they allow traders to get direct exposure to the event itself, rather than trading on the market reaction to the event and trying to figure out what's priced in or not.
One of our most successful markets today is one about FOMC decisions: it allows you to trade all 2023 meetings directly. You can trade FED meetings directly or play the curve (flatteners, steepeners) or hedge the residual risk that the FED is presenting to your portfolio.
