Market Structure - Kalshi

What we're up to

Kalshi is the first and only federally regulated exchange where people can trade on any event. Think like the NYSE, but instead of trading stocks, you trade on the events you know and care about. Kalshi has more than 500 markets across politics, economics, financials, weather, tech, AI, culture and more.

After three years of regulatory struggle, Kalshi's historic regulatory approval from the CFTC has allowed it to launch a new asset class: event contracts. Event contracts, the fastest-growing asset class today, are elegant financial instruments structured as simple yes/no questions about the future. 

Kalshi's vision is to build the next-generation financial ecosystem for trading what we believe will be the largest asset class of all. Kalshi's vision is bold. We're on a long journey in uncharted territories. We are looking for passionate and outlier members excited to embark on this voyage toward building the financial system's next inflection point.

Role Roadmap

In the Market Structure function at Kalshi, you’ll be an early member of Kalshi's Contracts team. The Contracts team is responsible for determining which markets to launch and structuring them properly so that people want to trade them. We're scaling, which means your role will evolve and grow with the company; your initial responsibilities will include:

• Market Identification: Research, analyze, and identify potential markets for expansion, considering factors such as market demand, competition, and client preferences.
• Contract Structuring: Determine the ideal structure for these contracts factoring in the risks these contracts represent, who they are catered to, and how people will interact with them.
• Framing: Craft clear and compelling market descriptions and trading terms that resonate with traders sparking interest and activity.
• Product Enhancement: Collaborate with product development teams to identify ways our platform can improve market engagement and tradeability.
• Market Insights: Stay informed about market trends, industry developments, and regulatory changes to make informed recommendations and adjustments to market structures.
• Feedback Loop: Establish feedback mechanisms with traders and clients to gather insights and continuously improve market structures and engagement strategies.

Qualifications:

To excel in this role, you should possess the following qualifications and skills:

• Bachelor's degree in finance, economics, business, or a related field.
• Proven experience in market structuring, trading, or related roles within the financial industry.
• Strong understanding of financial markets, derivatives, and trading strategies.
• Interest in Prediction Markets is a big plus.
• Exceptional communication and writing skills to craft compelling market descriptions and trading terms.
• Intuition for identifying risk and opportunity.
• Interest and intuition for macro, finance, and global trends.
• Bold mindset with a passion for creating engaging and tradeable markets.

NYC Pay Transparency Disclosure:

Salary Range: $100,000 to $200,000 annually plus equity and benefits.  This salary range is based on the current available market data, and represents the expected salary range for this role. Kalshi has minimal hierarchy and few titles, but has broad ranges of experience represented within roles. Should you have compensation expectations that exceed these bands, we'd love to hear from you and would welcome you to reach out to further discuss.

Our Culture

We are a group of people who work hard and get shit done. Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We dream big and climb the steeper mountain. We love our craft deeply and are proud of what we put out in the world. We are committed to our vision of an improved financial ecosystem and our mission of bringing more truth to the world through the power of markets.

Kalshians are, by far, Kalshi's largest asset: we pick our teammates carefully, but once we pick our teammates, we trust them deeply.