> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cobot.gg/llms.txt
> Use this file to discover all available pages before exploring further.

# Kalshi

> Trade on the US-regulated prediction exchange

Kalshi is a US-regulated prediction exchange that settles trades on Solana via dFlow.

## How to Trade

<Steps>
  <Step title="Browse events">
    Go to \*\*Predictions \*\*tab and choose Kalshi from the dropdown  

    <Frame>
      <img src="https://mintcdn.com/cobot/5a74EBtu88JkDgJh/images/image-7.png?fit=max&auto=format&n=5a74EBtu88JkDgJh&q=85&s=e63d4400bff1d288f23bcee9067c84dc" alt="Image" width="3024" height="1456" data-path="images/image-7.png" />
    </Frame>
  </Step>

  <Step title="Select a market">
    Browse events and markets. Each market has a Yes/No outcome.
  </Step>

  <Step title="Place your order">
    Choose **Yes** or **No**, select market or limit order, set your amount in dollars or contracts.
  </Step>

  <Step title="Confirm">
    Review and confirm your trade.
  </Step>
</Steps>

## Requirements

* **KYC verification** is required (dFlow Proof of Personhood)
* Trades settle on **Solana** via dFlow
* Fund your **Solana wallet** with USDC

## Portfolio

View your Kalshi positions at the **Kalshi Portfolio** page:

* Track open positions and settlement status
* View P\&L per position
* Close positions or wait for settlement

## Order Modes

| Mode          | Description                 |
| ------------- | --------------------------- |
| **Dollars**   | Specify trade amount in USD |
| **Contracts** | Specify number of contracts |

<Info>
  Kalshi markets use binary outcomes (Yes/No). Each contract pays $1 if correct, $0 if wrong.
</Info>