Designated Contract Market (DCM): A Designated Contract Market is an exchange licensed by the U.S. CFTC to list futures and event contracts. Kalshi is a DCM.

What it means

A Designated Contract Market is an exchange licensed by the U.S. CFTC to list futures and event contracts. Kalshi is a DCM.

Example

Because Kalshi is a DCM, its markets follow CFTC rules on market surveillance, customer funds and how contracts are listed.

Practical tip

Regulation adds protections but doesn't remove risk: you can still lose all the money you put into a contract.