Kalshi is building a Bloomberg terminal for prediction markets
Kalshi market “Will Iran actually close the Strait of Hormuz for 7+ days?” In this photo illustration taken on March 9, 2026 in Chania, Greece, a smartphone screen appears while the Kalshi logo is displayed on a laptop screen in the background.
Nikolas Kokovlis | Nurfoto | Getty Images
Prediction market platform Kalshi is developing a new interface for highly interested investors to follow the company’s prediction markets, according to a source familiar with the plans.
The product, which the source compared to a “Bloomberg Terminal” for traditional stocks and derivatives, is currently in alpha testing with a select group of investors on the platform and has been in development for about a month.
Some features of the interface shown to CNBC include tracking popular contracts by 24-hour volume in various categories, viewing all trades as they are actively placed, as well as viewing order books of individual contracts. Users can customize their interface to see activity contracts relevant to their portfolio and manage multiple positions simultaneously in different markets. Traders can also enable the option to reduce friction in trading.
Kalshi declined a request for comment.
The source said the company is building software to create a singular product for the most highly engaged retail traders, colloquially known as “sharps,” who often use custom workflows to enhance their transactions and gain an advantage. The source did not know whether Kalshi planned to monetize the platform in a potential launch or in the future.
in April, luck reported Venture capital firm Paradigm, a Big Kalshi investorwas creating its own prediction markets data platform. However, the report stated that the platform is being developed for market makers and professional traders.
In the long run, the company’s platform could include research and other outside information similar to Bloomberg’s popular product serving Wall Street traders and investors, the Kalshi source said. Kalshi’s market data is currently Accessible from Bloomberg platform.
Bloomberg’s system is still referred to as a “terminal” even though it long ago switched from a closed computer system to a software package.
While the Kalshi product focuses on prediction markets, the goal is to expand it to the company’s other asset classes, the source added. On Friday, Kalshi announced that it had received approval to offer perpetual futures trading in cryptocurrencies.
This announcement comes a day after the company launched another product. American Power IndexWhat Kalshi calls a real-time measurement of political power using his data.
The source did not include a timeline for the official launch of the new terminal product.
Disclosure: CNBC and Kalshi have a business relationship that includes customer acquisition and minority investment.
