Starting Thursday, September 22nd, 2022, Kalshi will amend its fee structure for S&P and Nasdaq markets.

Fee Schedule Changes

Kalshi is halving fees on all S&P 500 and Nasdaq-100 markets. Pending regulatory approval, the fees are dropping from 1.75c to 0.875c per contract at the midpoint price. Rounding applies. Please find details about the fee structure and fee levels in our fee schedule.

Why the Change?

This change is part of a series of experiments with regards to our fees and how they impact volume and flow on the exchange. With this current iteration, we’re testing whether reduced fees below tick size will lead to increased enter and exit behavior.

By reducing fees, we hope to reduce the barrier to a profitable trade: With the new fee structure, you never need more than 2 ticks changes to make profitable trades if you exit before expiry. In turn, this may also allow you to turn a more consistent profit on being correct. With this change, we hope to strengthen and solidify liquidity for our traders.

Interested in joining the exchange?

If you’re interested in trading, or want to submit a market request, we love to hear from our members!