RATE-CUT-Q3 64%CPI-HOT 28%SNOW-NYC 41%ELECTION-X 52%GDP-BEAT 58% RATE-CUT-Q3 64%CPI-HOT 28%SNOW-NYC 41%ELECTION-X 52%GDP-BEAT 58%
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Depth · trading · login

Kalshi

Consensus is an independent guide that reads the Kalshi exchange the way a trader does — as a live market on a yes-or-no question. We explain the depth, what Kalshi betting means at the tape, and how to reach your Kalshi sign-in.

Why a guide

Kalshi

An event contract behaves like any other traded thing: there are buyers, sellers, and a last price that moves. Consensus reads the Kalshi exchange from that angle — a live market on a question, where the mid-price is the crowd's odds. Watch the depth and you see conviction: heavy demand on one side, a wall of sellers on the other. When the event resolves, the Kalshi contract settles at a dollar or nothing, and no square of the screen stays a mystery.

The mid is the probability

Sixty-four in the middle means the market prices the event near sixty-four percent — the heart of how Kalshi works.

Depth is conviction

Size stacked on one side tells you how strongly traders hold their view.

Trader watching an order book

Kalshi - a question with a live market

The Kalshi board is a wall of live questions: rates, inflation, weather, elections. Pick one, read the two prices, and take YES or NO into the depth. Track it through the day and the tape shows belief moving in real time.

Rate cut in Q3?Economics64%
CPI runs hot?Economics28%
Snow in the city?Weather41%

Tickers and sizes are illustrative examples, not a live feed.

Kalshi Betting: hitting the bid or lifting the offer

You take a price

Kalshi betting is an order, not a wager: pay the asking price for YES, or sell into demand, and the fill is the odds you accepted.

Risk is capped at the ticket

A contract costs at most its price, so the downside is set the moment you take the fill.

Multi-monitor trading setup

Kalshi Login - your positions and your fills

The Kalshi login opens your side of the market: working orders, filled positions and the balance you have committed. Sign in on a phone between meetings or a desk after hours, and your account is exactly where you left it.

Orders and fills in one place

See what is resting, what is filled, and where each question stands.

The same account, any screen

The Kalshi login carries your positions wherever you trade from.

On the tape
Where people watch the tape.
At the tape
What a clean market shows.

Illustrative ranges for a typical event market, not guaranteed outcomes.

2 sides
Two prices, one question
$1
Payout on a winning side
mid
Is the crowd's probability
1 rule
Fixed before the open
The desk
People who read depth for a living.
Portrait of Rhea KapoorRhea KapoorFounder · markets
Portrait of Miles TanakaMiles TanakaTape & data
Portrait of Lena VosLena VosOnboarding
Portrait of Amir SaidAmir SaidSupport
Ready to read the depth?

Open the floor and pick up your Kalshi positions where you left them.

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