Kalshi allows people to trade on discrete events from whether Brexit will happen this year to whether it will rain in NYC tomorrow. Kalshi is developing a new asset class,
event contracts, and a financial exchange for trading on the outcome of events. Kalshi is working on becoming federally regulated as the first futures exchange in the U.S. for trading on a broad category of events. Kalshi's vision is to allow people to capitalize on their opinions, to trade in the domain of everyday knowledge, and to hedge risks that relate to their everyday lives.
You'll have impact on the whole company (engineering, product, hiring, setting the culture, etc), a lot of ownership and responsibility over the tech stack, and be one of the core people in the company, working directly with the founding team. Kalshi has very challenging tech problems in infrastructure, performance, ML, product, UX etc., and you get to work on basically any (or all!) of them.
We're on track to be the first-ever regulated event contracts exchange in the US. This gives us a huge regulatory moat (a competitor will need at least a year and a half to launch). We are in a winner-takes-all market, and this first-mover advantage allows us to build liquidity/network effects.
MIT founding team with a lot of finance (Citadel, Bridgewater, Five Rings, Goldman Sachs) and tech (Palantir) experience.
We work on 2-week sprints, which come after a comprehensive sprint planning meeting where all engineers update the team on progress and discuss next steps.
We are still very small, so the engineering team doesn't have a lot of
structure - each engineer owns features and is fully responsible for them, from design all the way to deployment. The whole team is there to help and encourage though :)
Backend -> we're building a regulated exchange so you can imagine a backend similar to the NYSE and the challenges that come from that (performance, robustness, etc.) Product -> our goal is to make trading accessible and easy to understand for retail users, so distilling the information and making the interface simple is core (somewhat similar to Robinhood in that regards) Monitoring systems -> we need surveillance systems that sit on top of the exchange to monitor the markets and its participants' behavior. We're developing state-of-the-art ML/stats models to detect insider trading, spoofing, excessive speculation, and other fraudulent activities (Fun fact: a ton of the older exchanges still use excel spreadsheets for this).
Developing and producing a data-driven financial exchange (think a modern version of the NYSE) including work on our matching and trade execution engines (with a focus on performance and robustness).
Real-time detection/flagging systems for suspicious activity related to insider trading, market manipulation and other fraudulent behaviors.
Building a performant trading API (similar to Coinbase-pro's API) for automated trading.
Working on an easy-to-understand trading interface and iterating with market participants to build a platform fit for them.
Analyzing user behaviors and designing new features or iterations for the product.
We are a group of people who work hard and get things done, and we're looking for more people like that! :) Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out - we don't care much about anything other than the product of your work. We have all become close friends and we think being sort of a family is the best (and most fun!) way to work.
We think number of days off is something that people can decide for themselves. What matters is productivity and quality of work!
No snakes though, one of the founders is terrified of snakes.
We are all very close friends and hang out together often. We got a pretty wide range of team activities.
We pay gym memberships (depending on gym).
Interested in this company?
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