Kalshi Basics: Your First Event Contract

What you'll learn in this course

1. 1. What is an event contract?

   An event contract is a simple YES/NO question about the future, like Will the Fed cut rates in December? Each contract pays $1 if the answer is the one you picked and $0 if not. Why it's useful Because the…

2. 2. Reading prices as odds

   A price of 35¢ means the market sees roughly a 35% chance . That's called the implied probability. Quick example You buy 10 YES at 35¢ = $3.50. If YES wins, you get $10. If it loses, you get $0.…

3. 3. Placing your first order

   There are two main order types. Market order Buys right away at the best price available. Fast, but you may pay a bit more in quiet markets. Limit order You set the most you'll pay. It waits in the order…

4. 4. How markets settle

   When the event is decided, the market settles . Winning contracts pay $1; losing ones pay $0. Who decides? Each market lists its rules and a resolution source , such as an official statistics release or a league result. Before…