Regulatory Counsel

WHAT IS KALSHI? Kalshi has defined a new category: prediction markets. Kalshi allows people to trade on the outcome of any events and turn any question about the future into a financial asset. Kalshi fought for years and legalized prediction markets in the US for the first time in history, is currently the fastest growing financial market in America, and has thousands of markets across politics, economics, financials, weather, tech, AI, culture and more. We believe prediction markets have the potential to be the largest financial market because they turn anything into a financial position. - Our vision: well… build the largest financial market on the planet. - Our mission: bring more truth to the world through the power of markets. Our culture is simple: we hire really talented people, work really hard, and enjoy the climb. We are looking for ambitious and exceptional people to join our (relatively small) team to help us build the next generation of financial markets. ROLE ROADMAP We are seeking a highly motivated Regulatory Attorney to support legal and regulatory strategy for a cutting-edge U.S., CFTC-regulated exchange (DCM) and clearing organization (DCO) operating within the federal commodity derivatives regulatory framework. This role is ideal for a lawyer with experience in derivatives, exchange and clearing regulation, or financial market structure who is interested in working at the forefront of event contracts and emerging markets. The position will involve direct engagement with regulators, including the Commodity Futures Trading Commission (CFTC). WHAT YOU'LL DO - Provide daily support to Legal, Compliance, and Markets teams - Advise on the application of the Commodity Exchange Act (CEA), CFTC and Securities Exchange Commission regulations to exchange and clearing organization operations - Analyze legal issues related to CFTC-regulated prediction markets - Draft and review contract self-certifications and other regulatory filings - Draft and negotiate participation agreements - Draft comment letters, no-action requests, and interpretive submissions - Prepare responses to regulatory inquiries and examinations - Monitor regulatory developments and enforcement trends - Advise on exchange and clearinghouse rulebook development - Collaborate with Compliance and Surveillance teams - Support development of internal policies and procedures - Support litigation strategy WHAT YOU BRING - J.D. and active U.S. bar membership - 3–6+ years of relevant experience - Familiarity with the Commodity Exchange Act, CFTC regulations, and related market structure - Strong legal writing and analytical skills - Strong judgment and ability to translate legal requirements into practical business guidance - Excellent communication skills NYC PAY TRANSPARENCY DISCLOSURE Salary Range: $180,000 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 Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We dream big. We love our craft deeply and are proud of what we put out in the world. We are committed to our vision of building something big… but also useful: a product that brings more truth through the power of markets. Kalshians are Kalshi’s most important asset: we pick Kalshians carefully, so we trust them fully on day 1. 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