REGULATORY
A federally regulated exchange
Kalshi operates as a Designated Contract Market under CFTC oversight. That means published rules, surveilled markets, segregated member funds and public filings โ the same framework that governs the largest derivatives exchanges in the country.
CFTC oversight
Designated Contract Market since 2020, with ongoing reporting and examination obligations.
Segregated funds
Member balances held in segregated accounts at regulated US financial institutions.
Market surveillance
Dedicated surveillance of every order and trade to detect and deter manipulation.
Documents & filings
Exchange Rulebook
The rules governing trading, listing, settlement and member conduct.
Fee Schedule
Current trading and operational fees.
Terms of Service
Member agreement for using the exchange.
Privacy Policy
How member information is collected and used.
Developer Agreement
Terms for programmatic access via the trading API.
Trading Prohibitions
Conduct and market-access restrictions.
Demo clone โ links lead to placeholder documents, not real regulatory filings.