The race for the Republican nomination in 2028 is already heating up, with major contenders positioning themselves for a chance at the White House. Kalshi’s event contracts allow traders to predict the likelihood of specific candidates winning the nomination, allowing you to turn your political expertise into profit.

Here’s a guide to trading on Kalshi’s event contracts and the key factors to consider when assessing potential candidates.

Steps to Bet on the 2028 Republican Nominee

Step 1: Create an Account

Getting started with Kalshi is fast and straightforward. Visit Kalshi.com/sign-up to register and begin your trading journey in just a few minutes.

Step 2: Fund Your Account

Before you can start trading, you'll need to deposit funds into your Kalshi account. Deposits may take up to 4 business days to process, depending on your chosen payment method. To ensure you're ready to act quickly as market sentiment evolves, it’s a good idea to fund your account soon after creating it. This way, you'll be prepared to seize opportunities as they arise.

Step 3: Verify Your Identity

All traders must complete a verification process by submitting basic personal information, including their SSN and a valid U.S. photo ID. This straightforward but essential step helps ensure that Kalshi remains a secure and fully compliant platform.

Step 4: Place Your First Trade

Once your Kalshi account is funded and verified, you can bet on who will be the Republican presidential nominee in 2028. Review the candidates, analyze the market data, and place your first Kalshi trade by buying YES or NO contracts based on your predictions.

You can also explore other political event contracts, such as forecasting cabinet appointments or determining whether Donald Trump will be allowed to run for a third term. Assess the probabilities, review market trends, and trade on contracts that align with your insights.

What Does It Mean to Bet on the Republican Nominee?

When you trade on Kalshi’s Republican nominee market, you’re speculating which candidate will win the party’s nomination for the 2028 presidential election. Each contract represents a specific candidate, and you can trade by choosing YES (the candidate will win) or NO (the candidate will not win).

For instance, if you believe Vice President J.D. Vance is likely to secure the 2028 Republican nomination, you can purchase a YES contract for him. If the market price of his contract is $0.78, this indicates a 78% implied probability of him winning the nomination. Should Vance become the nominee, the contract will settle at $1.00, earning you a profit of $0.22 per contract (the difference between the settlement price and your purchase price). However, if he doesn’t win, the contract will settle at $0, and you will lose your initial investment.

Key Candidates in the Republican Presidential Nominee Market

Kalshi’s presidential nomination market features a diverse array of potential candidates, each with unique strengths and appeal to different segments of the Republican Party. Here’s a detailed overview of all the contenders available to Kalshi traders, with additional insights into their political positions and backgrounds:

J.D. Vance

As the Vice President in Donald Trump’s second administration, J.D. Vance is the current favorite for the 2028 Republican nomination, leading this prediction market. Vance rose to prominence as the author of a memoir highlighting working-class Americans' struggles and later won a Senate seat in Ohio in 2022.

Strengths
Vance’s alignment with the MAGA base and close relationship with Donald Trump gives him a strong advantage. His position as Vice President will give him national visibility and political influence over the next four years.

Challenges
Critics argue that Vance lacks Trump's charisma and political instincts. His success will depend on his ability to maintain Trump’s base while broadening his appeal to moderates.

Donald J. Trump

Elected president for two non-consecutive terms, Donald Trump is a dominant figure in Republican politics and a potential contender for the 2028 presidential race. While the Twenty-second Amendment limits presidents to two terms in office, some of his loyalists may push for efforts to challenge or reinterpret these restrictions. Trump’s enduring popularity among the GOP base and unparalleled ability to energize voters ensure he remains a political force to watch.

Strengths
Donald Trump has a proven track record of winning the Republican and presidential nominations. His influence over the party remains unmatched, with his endorsements often determining primary outcomes.

Challenges
Trump’s advanced age and potential legal issues could hinder his ability to run. Moreover, some voters and party leaders may prefer a new face to carry the MAGA torch.

Vivek Ramaswamy

Biotech entrepreneur Vivek Ramaswamy continues to position himself as a fresh, innovative voice in the Republican Party. Known for his outspoken criticism of "woke" culture and his calls for a limited government, Ramaswamy appeals to younger conservatives and libertarians.

Strengths
Ramaswamy’s outsider status allows him to campaign against the establishment, a message that has resonated with Republican voters in recent years. His business success and intellectual approach to issues make him stand out.

Challenges
With limited political experience, Ramaswamy may struggle to build the broad coalition necessary to secure the nomination. His confrontational style could alienate key party leaders and voters.

Ron DeSantis

The governor of Florida, Ron DeSantis, has remained a key player in Republican politics despite a disappointing performance in the 2024 primary. DeSantis is widely recognized for his controversial handling of the COVID-19 pandemic, his opposition to vaccine mandates, and his efforts to curtail the influence of "woke" policies in Florida.

Strengths
DeSantis has a strong track record of governing in one of the largest states in the country. His policies and battles with major corporations, like Disney, have bolstered his reputation as a fighter for conservative values.

Challenges
His inability to gain traction against Trump in 2024 raised questions about his campaign strategy and charisma. DeSantis will need to recalibrate his approach to stand out in 2028.

Donald J. Trump Jr.

As the eldest son of Donald Trump, Donald Trump Jr. is a prominent figure within the MAGA movement. Known for his fiery speeches and aggressive social media presence, he appeals to the same base that supports his father.

Strengths
A natural heir to the MAGA movement, Trump Jr.’s ability to energize the Republican base and his strong ties to his father’s supporters give him a significant platform.

Challenges
Trump Jr. has no formal political experience, which could hinder his ability to build a national campaign. Additionally, his reliance on his father’s brand could make it challenging to carve out his identity as a leader.

Nikki Haley

The former U.S. ambassador to the United Nations and governor of South Carolina, Nikki Haley is a seasoned political leader with a pragmatic approach to conservatism. Haley has consistently emphasized strong foreign policy, fiscal responsibility, and a positive vision for America.

Strengths
Haley’s experience in both domestic and international politics positions her as a credible, electable candidate. She appeals to moderates, women, and minority voters, broadening the GOP’s potential voter base.

Challenges
Haley’s moderate stance and willingness to criticize Trump have alienated some of the MAGA base. She must navigate a Republican Party that remains deeply influenced by Trump’s leadership.

Robert F. Kennedy Jr.

Though traditionally aligned with the Democratic Party, Robert F. Kennedy Jr. has recently gained conservative Republican support due to his opposition to vaccine mandates and skepticism of government overreach.

Strengths
Kennedy’s populist message and focus on individual freedoms resonate with Republicans and independents. His willingness to challenge the establishment aligns with the sentiments of many GOP voters.

Challenges
As the nephew of President John F. Kennedy, RFK Jr.’s deep Democratic roots and family legacy could make it difficult for him to gain traction within the Republican Party. He will need to overcome skepticism about his ideological alignment.

Marco Rubio

A seasoned politician and senator from Florida, Marco Rubio is a familiar face in Republican politics. Known for his focus on foreign policy, economic growth, and faith-based values, Rubio appeals to the party’s traditional conservative base.

Strengths
Rubio’s extensive political experience and ability to connect with Latino voters make him a strong candidate for the general election. He also has a track record of strong debate performances.

Challenges
Rubio struggled to gain traction in the 2016 presidential race, where Trump overshadowed him. He will need to differentiate himself in a crowded 2028 field.

Glenn Youngkin

The governor of Virginia, Glenn Youngkin, has emerged as a pragmatic conservative capable of appealing to suburban voters while maintaining his Republican base. Youngkin’s campaign strategy in Virginia, which focused on education and economic issues, has been cited as a model for GOP success in purple states.

Strengths
Youngkin’s ability to win in a blue-leaning state demonstrates his broad appeal. His calm, polished demeanor contrasts with the more combative styles of other Republican candidates, giving him a unique position in the race.

Challenges
Youngkin is relatively new to national politics and must build name recognition and a robust campaign infrastructure to compete against more established figures.

Summary

The 2028 Republican nomination market on Kalshi offers diverse candidates with unique strengths and challenges, making this market dynamic and unpredictable. As a Kalshi trader, staying informed about polling data, endorsements, campaign developments, and broader political trends will be critical to successfully navigating this event contract. Whether you are a beginner or an experienced investor, Kalshi provides a safe and transparent platform to bet on these outcomes confidently.

Factors That Influence the Republican Nomination Market

Understanding the key dynamics shaping the Republican nomination race is crucial for making informed trades on Kalshi. Multiple factors will influence the odds of each candidate securing the nomination, from polling trends to primary schedules and unforeseen external events.

Candidate Popularity and Polling

Early polling provides an initial snapshot of voter sentiment, but it’s important to remember that these numbers are highly fluid and can shift dramatically as the race progresses.

J.D. Vance’s Early Lead

As the Vice President-elect, J.D. Vance's bond with Donald Trump will give him unparalleled exposure to Republican voters over the next four years, especially among the MAGA base. Polls suggest he is viewed as Trump’s natural successor, benefiting from his proximity to the America First agenda.

Volatility of Polling

Historically, early frontrunners do not always win the nomination. Candidates like Ron DeSantis, who struggled in 2024, may rebound with a fresh strategy. Similarly, outsiders like Vivek Ramaswamy could see a surge in popularity, as seen with Trump in 2016.

Key Issues That Resonate with Voters

Republican voters will likely prioritize inflation, border security, cultural values, and the economy. Candidates who successfully address these issues will likely see their polling numbers improve.

Party Dynamics

The Republican Party has undergone significant shifts in recent years, with Donald Trump’s presidency redefining the party’s platform and voter base.

America First Movement

The party remains deeply influenced by Trump’s America First policies, which prioritize nationalism, immigration control, and economic protectionism. Candidates like J.D. Vance, Donald Trump Jr., and Vivek Ramaswamy align closely with these ideals, giving them an advantage with the party’s base.

Establishment vs. Outsiders

A divide persists between traditional establishment Republicans, like Marco Rubio and Nikki Haley, and anti-establishment outsiders, like Trump Jr. and Vivek Ramaswamy. The nominee will likely need to bridge this gap or decisively win over one faction.

Intra-Party Conflicts

The Republican Party is not monolithic. Disputes over strategy, leadership, and the party's future direction could impact the race. For instance, candidates like Ron DeSantis may appeal to traditional conservatives, while others like Glenn Youngkin aim to attract suburban moderates.

Fundraising and Resources

Money plays a critical role in modern presidential campaigns. Candidates need substantial resources to fund advertising, staff, and grassroots organizing efforts.

Importance of Early Fundraising

Candidates demonstrating strong fundraising early in the cycle often gain momentum and legitimacy. For example, J.D. Vance’s position as Vice President-elect may give him access to a robust donor network.

Super PAC Support

Outside groups like Super PACs will likely influence the race. Candidates like Donald Trump Jr. and Nikki Haley could benefit from well-funded political action committees.

Grassroots Contributions

Candidates like Vivek Ramaswamy have shown the potential to tap into small-dollar donations, a highly effective strategy for Trump. Keeping an eye on fundraising reports on sites like the Federal Election Committee (FEC) will provide critical insights into a candidate’s viability.

Key Endorsements

Endorsements from influential party leaders, organizations, and media outlets can significantly sway the Republican primary.

Donald Trump’s Influence

Donald Trump’s endorsement remains the most coveted prize in Republican politics. If Trump does not run in 2028, his backing could be decisive for candidates like J.D. Vance, Donald Trump Jr., or Vivek Ramaswamy.

Congressional Support

Endorsements from prominent Republican senators, governors, and representatives could also boost a candidate’s credibility. For instance, Nikki Haley and Marco Rubio may appeal to establishment figures within the party.

Media Endorsements

Conservative media outlets like Fox News, Newsmax, and influential commentators (e.g., Tucker Carlson or Ben Shapiro) can shape public opinion and amplify candidates’ messages.

Primary Calendar and State Dynamics

The sequence and outcomes of state primaries and caucuses will determine the Republican nominee.

Early Voting States

Iowa, New Hampshire, and South Carolina traditionally serve as bellwethers for the nomination race. Candidates like Nikki Haley, who hails from South Carolina, could have a built-in advantage in these early contests.

Momentum Building

Winning early primaries can increase media attention, donations, and polling numbers, driving momentum. Conversely, poor early performances often lead to candidates dropping out.

Super Tuesday

The massive delegate haul on Super Tuesday could be a turning point. Candidates with strong national infrastructure, such as Ron DeSantis or J.D. Vance, will likely have an advantage in this critical phase of the presidential race.

Regional Strengths

Some candidates may perform better in specific regions. For example, Glenn Youngkin’s appeal to suburban voters may help him in battleground states, while J.D. Vance could dominate in the Midwest.

External Events

Unforeseen events often play a decisive role in shaping the political landscape. Traders on Kalshi must remain vigilant about these developments.

Economic Conditions

The state of the U.S. economy will likely dominate the 2028 election cycle. High inflation, unemployment, or a recession could sway Republican voters toward candidates who promise strong economic leadership, such as Glenn Youngkin or Vivek Ramaswamy.

Shifts in Public Sentiment

Events like Supreme Court decisions or significant cultural debates could energize specific factions of the Republican base. For instance, candidates with strong stances on abortion, gun rights, or education could improve their fortunes.

Advanced Strategies

Kalshi’s event contracts allow traders to capitalize on the uncertainty of the Republican nomination race, providing a unique way to speculate on outcomes or hedge against risks. Whether you’re looking to mitigate potential exposure to policy shifts or profit from political developments, these advanced strategies can help you make the most of Kalshi’s markets:

Hedging Against Policy Risks

The policies and platforms of presidential candidates can have significant implications for businesses, industries, and individual investments. Kalshi contracts can hedge against potential risks of specific candidates’ policy agendas.

Example
If you believe a moderate candidate like Nikki Haley might win the nomination and potentially pivot the Republican Party away from the MAGA base, you could take a YES position on her contract to hedge against this risk. Conversely, if your business is tied to industries benefiting from MAGA-aligned policies (e.g., energy, agriculture), a NO position on Haley or a YES position on J.D. Vance could offer protection.

Industries to Watch

Republican policy shifts often influence sectors like healthcare, energy, and technology. For example, a candidate like Glenn Youngkin, who champions business-friendly policies, might inspire optimism in certain sectors. In contrast, others might feel uncertain about the direction of less predictable candidates like Vivek Ramaswamy.

Trading on Momentum

Momentum is a key driver in political markets. Debates, endorsements, fundraising reports, polling shifts, and scandals can rapidly alter a candidate’s chances, providing opportunities for traders to profit.

Debates

Candidates who perform well in debates often see an immediate surge in polling and market prices. For example, a breakout moment for Vivek Ramaswamy or Ron DeSantis in a televised debate could lead to a spike in their contract prices. Kalshi traders can capitalize by buying contracts early and selling after momentum builds.

Scandals

Political scandals can just as easily tank a candidate’s odds, providing opportunities to profit from rapid market movements. For example, a poorly timed controversy involving a leading candidate like J.D. Vance could see their contract price drop, creating opportunities for NO positions or buying YES contracts for rivals.

Pair Trading for Risk Mitigation

Pair trading is a sophisticated strategy that involves taking opposite positions on two candidates to hedge your risk. This allows you to profit regardless of which candidate gains momentum, provided their fortunes are inversely related.

Example
Traders might take a YES position on current frontrunner J.D. Vance while holding a NO position on a less likely contender, such as Ron DeSantis. If Vance's strong standing continues to improve, the value of his contract will rise. Simultaneously, Vance's growing momentum could reduce DeSantis's chances, increasing the value of the NO position against him.

Why It Works
Pair trading is particularly effective in tightly contested races or when two candidates appeal to similar voter bases. For example, if DeSantis and Vance compete for MAGA-aligned voters, gains for one are likely to come at the expense of the other.

Speculating on Longshots and Early Movers

Longshot candidates often have lower-priced contracts, but small improvements in their perceived chances can yield outsized returns. Betting on long shots early in the cycle can be a high-risk, high-reward strategy.

Example
A candidate like Glenn Youngkin or Marco Rubio may have low market odds, but an early win in Iowa or New Hampshire could quickly propel them into contention. Buying YES contracts early allows you to benefit from these price surges.

Maximizing Returns

Monitor the primary calendar and campaign developments. For instance, a strong debate performance or a key endorsement could push a long shot into the spotlight, creating opportunities for significant gains.

Arbitraging Market Discrepancies

Various factors influence political prediction markets, and prices can vary based on new information or differing interpretations of events. Arbitrage opportunities arise when market prices don’t fully reflect the latest developments.

Example
If polling data shows a spike in Nikki Haley's popularity, but her contract price hasn’t yet reflected the shift, Kalshi traders can take advantage by purchasing YES contracts before the market catches up. Similarly, if the market overreacts to uncertain news, traders can sell overpriced contracts to profit from the mispricing.

Staying Informed
To succeed with this strategy, you must stay ahead of market sentiment by closely following polls, news, and social media chatter. Platforms like FiveThirtyEight and RealClearPolitics can provide valuable real-time insights.

Using Data-Driven Insights

Advanced traders can use data analysis to identify undervalued opportunities or predict shifts in market sentiment.

Polling Analysis
By analyzing trends in polling data across key states, traders can anticipate which candidates might perform better than expected in upcoming primaries. For example, if J.D. Vance outperforms expectations in South Carolina polling, his contract price may be undervalued compared to his chances of winning the nomination.

Sentiment Analysis
Tools like sentiment trackers for social media or predictive analytics for campaign spending can give traders an edge in assessing a candidate’s momentum.

Kalshi’s political contracts offer a versatile way to speculate on presidential outcomes or hedge against uncertainties in the race. By employing strategies like hedging, momentum trading, pair trading, and arbitrage, traders can maximize their profits while minimizing risk. The key is staying informed and flexible, ready to adapt as new information and opportunities emerge in the ever-changing political landscape.

Why Bet on the Republican Nominee with Kalshi?

Kalshi is a regulated exchange and prediction market that allows users to trade on the outcomes of real-world events. For those interested in politics, it offers the opportunity to predict the results of key political events. This includes forecasting who will win the presidential race, the outcome of specific presidential policies, or how many Senate seats the Republicans will have. Traders can purchase YES or NO event contracts on these scenarios, enabling them to capitalize on political insights or hedge against potential policy changes.

Whether you’re a political junkie, a seasoned trader, or someone looking to hedge against election-related uncertainty, Kalshi provides the tools you need to succeed. Here’s why Kalshi stands out as the premier destination for trading on political outcomes:

Regulation and Security

Kalshi is the first federally regulated exchange for event trading, operating under the supervision of the Commodity Futures Trading Commission (CFTC).

CFTC Oversight

As a fully regulated platform, Kalshi adheres to stringent compliance and consumer protection standards, ensuring your trades are safe, legal, and secure. This distinguishes Kalshi from unregulated prediction platforms or overseas betting markets.

Peace of Mind for Traders

Regulation ensures that all contracts are settled fairly and transparently, giving traders confidence in the integrity of the marketplace.

Market Transparency

Kalshi provides real-time data and transparent pricing, allowing traders to make informed decisions based on the latest market activity.

Live Market Insights

Every contract’s price reflects the market’s consensus probability, updating as trades occur. For example, if J.D. Vance’s contract is priced at $0.25, traders believe there’s a 25% chance he will win the Republican nomination.

Accurate Pricing

Transparent pricing is essential for fair prediction markets. It ensures all traders, regardless of experience or resources, have equal access to the same data simultaneously. This creates a level playing field, builds trust, and allows prices to reflect the collective expectations of participants. By eliminating unfair advantages, transparent pricing helps traders make informed decisions and ensures the market operates with integrity.

Flexibility to Adjust Positions

One of Kalshi’s key advantages is the ability to buy and sell contracts at any time before they settle, offering traders unmatched flexibility.

Lock in Profits Early
If you bought a YES contract for Nikki Haley at $0.09, and her contract price jumps to $0.20 after a strong debate performance, you can sell your position for a profit without waiting for the nomination.

Cut Losses
If new polling data or campaign developments weaken your chosen candidate’s chances, you can exit your position early to minimize losses. For example, if a NO contract on Ron DeSantis is rising due to a poor performance in Iowa, you can sell your YES contract to avoid further losses.

React to Breaking News
Political races are dynamic, and Kalshi allows you to respond to real-time developments like endorsements, fundraising announcements, or scandals.

Diverse Contracts on Political and Economic Events

Kalshi is more than just a platform for trading on the Republican nomination. Its broad range of event contracts makes it a versatile tool for speculating on and hedging against numerous real-world outcomes.

Political Markets
Beyond the 2028 Republican nomination, Kalshi offers contracts on major political events, including foreign elections, government policies, and Supreme Court decisions. For example, traders can also predict who will be the Democratic presidential nominee and whether Democrats or Republicans will control the Senate.

Economic Indicators
Kalshi features markets on macroeconomic trends like unemployment rates, interest rates, and annual GDP growth. These event contracts provide opportunities to hedge against economic uncertainty or speculate based on expert forecasts.

Other Event Contracts
Kalshi also covers unique markets such as climate outcomes and cultural events, giving investors various options to diversify their trades.

A Community of Informed Traders

Kalshi fosters a community of politically engaged traders who actively share insights and strategies.

Collaborative Environment
Kalshi’s community forums allow traders to discuss market trends, candidate performance, and breaking news. Engaging with other traders can provide valuable perspectives on market sentiment and help identify overlooked opportunities. The active community also offers insights into how major events, such as debates or polling shifts, impact market prices in real-time.

Learning Opportunities
For beginners, Kalshi offers resources to help traders understand the basics of event contracts and develop strategies for success.

Why the Republican Nominee Market is Unique

Betting on the 2028 presidential race offers a fascinating opportunity for traders due to the dynamic nature of the race and the wide field of candidates.

High Stakes

The Republican Party is at a pivotal moment, with major shifts in leadership and ideology likely to shape the 2028 race. Candidates like J.D. Vance, Donald Trump Jr., and Ron DeSantis represent different factions within the party, making the market highly unpredictable and potentially lucrative for traders.

Constant Updates

Kalshi's Republican nomination market will remain active for the next four years, giving traders ample time to adjust their strategies as new developments emerge.

Frequently Asked Questions

Is betting on the Republican nominee legal on Kalshi?

Yes, Kalshi is fully regulated as a Designated Contract Market, making it a legal and secure platform for trading on political events. Kalshi operates under strict federal regulations, ensuring transparency, fairness, and compliance with U.S. law.

Can I trade on multiple candidates?

Yes, you can trade on as many candidates as you like. This allows you to diversify your positions or hedge against specific outcomes. For example, you might bet YES on Vivek Ramaswamy becoming the nominee while simultaneously betting NO on Ron DeSantis, balancing your exposure to different scenarios in the race.

What happens if my chosen candidate drops out of the race?

If a candidate withdraws from the race, their contract will typically settle at $0 (for a YES contract) and $1 (for a NO contract). It’s important to monitor developments and adjust your positions on new information as the race evolves to avoid losses or take advantage of early market movements.

Can I exit my trade before the contract settles?

Yes, Kalshi allows you to buy or sell contracts at any time before they settle. This flexibility means you can lock in profits or limit losses based on new information, such as polling shifts, debate outcomes, or breaking news. For example, if a candidate’s contract price surges after a key endorsement, you can sell your position early to secure your gains.

What factors drive contract price movements?

Contract prices are influenced by a variety of factors, including:

Polling Data: Changes in a candidate’s standing in national or state-specific polls.

Endorsements: Support from influential Republican Party figures can dramatically shift market sentiment.

Debates and Campaign Events: Strong or weak performances in debates or campaign stops often lead to price volatility.

Fundraising Reports: High fundraising totals indicate a candidate’s strength and viability, boosting their contract price.

News and Scandals: Breaking news, controversies, or campaign strategy shifts can cause rapid changes in contract prices.

Can I lose more than my initial investment?

No, your maximum loss is limited to the amount you invested in the contract. For example, if you purchase a YES contract for $0.40, the most you can lose is $0.40 if the candidate does not win.

What happens if there’s a tie or contested convention?

In the unlikely event of a tie or contested convention, the outcome will be determined by the Republican Party’s official declaration of its nominee. Kalshi relies on official and verifiable sources to settle all contracts.

Can beginners trade on Kalshi?

Absolutely! Kalshi is designed to be beginner-friendly, with an intuitive interface and educational resources to help new traders get started. The platform provides clear explanations of contract pricing and settlement processes, making it easy for first-time users to participate.

How do I withdraw my earnings?

Kalshi allows you to withdraw your earnings quickly and securely. Simply go to the withdrawal section of your account, input the desired amount, and choose your preferred withdrawal method. Processing times may vary depending on your bank or payment provider.

Are there restrictions on who can trade on Kalshi?

To trade on Kalshi, users must be at least 18 years old and reside in the United States. Additionally, users must complete identity verification to comply with federal regulations.

^{The opinions and perspectives presented in this article belong solely to the author, who is using a pseudonym and cannot trade on Kalshi. This is not financial advice. Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Information is provided for convenience only on an "AS IS" basis. Past performance is not necessarily indicative of future results. Kalshi is subject to U.S. regulatory oversight by the CFTC.}