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Prediction market platform Kalshi is developing a new professional trading interface for its most engaged users.
The product, compared to the “Bloomberg Terminal” for traditional equities and derivatives, is currently in alpha testing with a select group of traders and has been in development for about a month. The interface is designed for professional prediction market traders and high-volume users who would benefit from expanded platform capabilities when evaluating and placing trades.
What the new platform offers high-volume traders
Features of the interface include the ability to track popular contracts by 24-hour volume across various categories, view all trades as they are actively placed, and access the order books of individual contracts.
Long-term, the platform may incorporate research and other external information, similar to Bloomberg’s product serving Wall Street traders and investors. Kalshi’s market data is already accessible on Bloomberg’s platform. CNBC news also noted that while the new terminal will initially focus on prediction markets, the goal is to eventually extend it to the company’s other asset classes. No launch timeline has been disclosed.
Kalshi declined to comment.
About “the Bloomberg terminal”
Bloomberg’s system is still referred to as a “terminal” even though it transitioned from a closed proprietary computing system — first released in 1982 — to a software package long ago. The name has endured as shorthand for a professional-grade, data-dense trading interface.
How Kalshi became a $22B exchange in under a year
The development of the new platform comes as Kalshi is rapidly broadening its product offerings. On May 29, 2026, Kalshi announced it would become the first company in American history to offer perpetual futures contracts, fully regulated by the Commodity Futures Trading Commission (CFTC).
Bitcoin perpetual futures, trading under the ticker BTCPERP, went live on June 3, followed by Ethereum perpetuals on June 4. Solana perpetuals launched June 10, with contracts tied to XLM, DOGE, SHIB, and HBAR expected in the coming days, according to Kalshi news.
The crypto perpetuals announcement came one day after the company launched its American Power Index, which Kalshi describes as a real-time measure of political power using its own market data.
Known as “perps” in the crypto industry, perpetual futures are contracts with no fixed expiration date, allowing traders to hold positions indefinitely. Offshore perpetual futures have grown from $28 trillion in annual volume in 2023 to over $90 trillion in 2025, making them one of the fastest-growing asset classes in recent history — one that had been entirely inaccessible to American institutions until now.
Kalshi now reports an annualized trading volume of $178 billion and claims to account for over 90% of US prediction market activity. The company raised $1 billion in a Series F funding round in March 2026, doubling its valuation to $22 billion. The round included Coatue Management, Sequoia, and Andreessen Horowitz.
