About this role.
Kalshi is hiring a Legal Associate to develop and maintain the contractual and rule-based framework for its regulated event-contract exchange. The role covers event contract specifications, trading terms, clearing documentation, participant agreements, rulebooks, and related regulatory filings. This attorney will work closely with Product, Risk, Compliance, Growth, and Partnerships to translate CFTC and other legal requirements into scalable market structures. Candidates need a J.D., admission in a U.S. jurisdiction, and 2–4+ years of commercial, financial-markets, or regulatory legal experience. The position is particularly suited to a pragmatic lawyer who can manage detailed drafting work in a fast-moving financial-services environment.
Role DNA
A quick view of the complexity, pace, ownership and collaboration implied by the job description.
Job Complexity
4/5Pace & Pressure
5/5Autonomy Level
4/5Communication Load
5/5Salary analysis
Estimated compensation compared with the broader US market for similar roles.
Core skills
Skills and capabilities most closely associated with this opportunity.
Sample interview questions
I would first identify the underlying event, settlement source, market rules, participant obligations, and relevant CFTC requirements. I would then create clear definitions, objective settlement criteria, disclosure language, risk allocation, and governance provisions, validating the draft with Product, Risk, Compliance, and operational stakeholders before finalizing it.
I start with the business objective and explain the regulatory requirement in plain language, focusing on what the team must do, why it matters, and the consequences of noncompliance. I provide a concise written checklist or decision framework and remain available to resolve edge cases as the product or process is implemented.
I would standardize high-volume templates and clause libraries, establish approval thresholds, create a central repository with version controls, and track key obligations and renewal dates. I would also identify recurring negotiation points that can be addressed through preapproved fallback language or workflow automation.
I would separate non-negotiable regulatory and risk requirements from areas where the business has flexibility, then communicate that distinction early. Using standardized documentation, clear escalation paths, and risk-ranked reviews enables the team to move quickly without compromising core compliance obligations.
I would clarify the factual assumptions, identify the applicable legal and regulatory constraints, and frame the issue in terms of specific risks and available alternatives. My goal would be to facilitate a practical solution that preserves the product objective where possible while ensuring the structure is defensible, documented, and compliant.
What we’re up to
Kalshi has launched the first regulated financial exchange that allows people to trade on the anticipated outcome of events. We’re now looking for the right people to help us continue to grow and scale.
Our vision is to allow people to capitalize on their opinions and hedge risks that relate to their everyday lives, from “Will CPI rise more than 0.5% this month?” to “Will 2023 be the hottest year on record?”
We’re on a long journey in uncharted territories and are looking for passionate and outlier members excited to embark on this voyage towards building the future of the financial system.
Role Roadmap
We are seeking a detail-oriented and business-savvy Legal Associate (Market Contracts) to help design, draft, and safeguard the contracts that power our markets. You’ll own the legal frameworks that govern trading on Kalshi, from rulebooks and market terms to clearing agreements and regulatory filings.
In this role, you’ll ensure every market contract is clear, compliant, and scalable. You’ll partner across teams to translate regulatory requirements into practical agreements that let our markets expand quickly while maintaining full regulatory confidence.
Key Responsibilities
- Market Contract Development
- Draft, review, and refine contracts that govern how our markets operate, including event contract specifications, trading terms, clearing documentation, and participant agreements.
- Collaborate with Product and Risk to ensure market structures meet both business needs and regulatory standards.
- Build standardized templates and rulebooks to streamline how new markets are launched and maintained.
- Regulatory & Compliance Alignment
- Ensure all market contracts comply with CFTC regulations and other applicable laws.
- Work closely with compliance to incorporate rule changes, disclosure requirements, and governance standards into contracts.
- Stay ahead of regulatory developments affecting event contracts and derivatives markets.
- Cross-Functional Legal Partnering
- Partner with Growth and Partnerships teams on agreements with institutional traders, liquidity providers, and vendors.
- Translate complex regulatory and legal concepts into clear, actionable guidance for non-legal stakeholders.
- Act as a business-minded partner during negotiations, balancing legal precision with market growth.
- Process & Infrastructure
- Develop scalable systems for contract lifecycle management, including drafting, negotiation, and archiving.
- Identify opportunities for automation and streamlined review processes across market and trading agreements.
- Support broader legal operations, including governance, risk, and reporting.
Qualifications
- J.D. and admission to practice in at least one U.S. jurisdiction.
- 2–4+ years of legal experience, ideally:
- (1) at a mid- or large-sized law firm practicing commercial law, or
- (2) practicing law related to financial markets and/or regulatory affairs.
- Applicants with experience in the prediction market industry are especially encouraged to apply.
- Strong foundation in drafting and negotiating contracts that govern markets, trading, or financial products.
- Familiarity with CFTC regulations and the legal framework for event contracts, derivatives, or exchange-traded products.
- Detail-obsessed, pragmatic, and comfortable working in a fast-moving environment where law, markets, and innovation intersect.
NYC Pay Transparency Disclosure:
Salary Range: $100,000 to $250,000 annually plus equity and benefits.
This salary range is based on the current available market data, and represents the expected salary range for this role. Kalshi has minimal hierarchy and few titles, but has broad ranges of experience represented within roles. Should you have compensation expectations that exceed these bands, we’d love to hear from you and would welcome you to reach out to further discuss.
Our Culture
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 think of Kalshi as a family bound together by our mission: we believe that this is the best (and most fun!) way to work. Kalshians are, by far, Kalshi’s largest asset and we’re obsessed with growing and investing in our people.
Commitment to Equal Opportunity
Kalshi is committed to creating a culture of inclusion and belonging, and we are proud to be an equal opportunity employer. We believe it is our collective responsibility to uphold these values and encourage candidates from all backgrounds to join us in our mission. All qualified applicants will be treated with respect and receive equal consideration for employment without regard to race, color, creed, religion, sex, gender identity, sexual orientation, national origin, disability, uniform service, veteran status, age, or any other protected characteristic per federal, state, or local law. If you are passionate about what you do and want to use your talents to support our mission and values, we’d love to hear from you.
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