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Legal (Market Contracts)

Role overview

Qualifications

  • J.D. and admission to practice in at least one U.S. jurisdiction.
  • 2–4+ years of legal experience in commercial law or financial markets and regulatory affairs.
  • Strong foundation in drafting and negotiating contracts governing markets and trading.
  • Familiarity with CFTC regulations and legal framework for event contracts.

Responsibilities

  • Draft, review, and refine contracts governing market operations.
  • Ensure compliance of all market contracts with CFTC regulations.
  • Partner with teams on agreements with traders and vendors.
  • Develop scalable systems for contract lifecycle management.

Key facts

Other skills

  • Detail Oriented
  • Collaboration
  • Problem Solving

About the company

Kalshi logo

Kalshi

Stock Exchanges & Trading Venues

The first US federally regulated exchange where you can trade on the outcome of any event. Kalshi’s historical regulatory approval from the CFTC enables it to offer a new asset class called “event contracts,” which allow traders to take positions on whether a future event will happen or not. Kalshi aims to enable investors to trade on almost anything with economic relevance from Covid numbers to whether a bill will pass in Congress, broadening the historical definition of what a commodity derivative is and paving the way for the futures market to catch up to the novel risks facing the economy today. Kalshi is backed by Sequoia, Henry Kravis, Charles Schwab, and Y Combinator.

Company details

Company typeSME
IndustryStock Exchanges & Trading Venues
Company size51 - 200

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Job description

What we're up to

Kalshi has launched the first regulated financial exchange that allows people to trade on the anticipated outcome of events. We’re now looking for the right people to help us continue to grow and scale.

Our vision is to allow people to capitalize on their opinions and hedge risks that relate to their everyday lives, from "Will CPI rise more than 0.5% this month?” to "Will 2023 be the hottest year on record?"

We're on a long journey in uncharted territories and are looking for passionate and outlier members excited to embark on this voyage towards building the future of the financial system.


Role Roadmap

We are seeking a detail-oriented and business-savvy Legal Associate (Market Contracts) to help design, draft, and safeguard the contracts that power our markets. You’ll own the legal frameworks that govern trading on Kalshi, from rulebooks and market terms to clearing agreements and regulatory filings.

In this role, you’ll ensure every market contract is clear, compliant, and scalable. You’ll partner across teams to translate regulatory requirements into practical agreements that let our markets expand quickly while maintaining full regulatory confidence.


Key Responsibilities

  • Market Contract Development
    • Draft, review, and refine contracts that govern how our markets operate, including event contract specifications, trading terms, clearing documentation, and participant agreements.
    • Collaborate with Product and Risk to ensure market structures meet both business needs and regulatory standards.
    • Build standardized templates and rulebooks to streamline how new markets are launched and maintained.
  • Regulatory & Compliance Alignment
    • Ensure all market contracts comply with CFTC regulations and other applicable laws.
    • Work closely with compliance to incorporate rule changes, disclosure requirements, and governance standards into contracts.
    • Stay ahead of regulatory developments affecting event contracts and derivatives markets.
  • Cross-Functional Legal Partnering
    • Partner with Growth and Partnerships teams on agreements with institutional traders, liquidity providers, and vendors.
    • Translate complex regulatory and legal concepts into clear, actionable guidance for non-legal stakeholders.
    • Act as a business-minded partner during negotiations, balancing legal precision with market growth.
  • Process & Infrastructure
    • Develop scalable systems for contract lifecycle management, including drafting, negotiation, and archiving.
    • Identify opportunities for automation and streamlined review processes across market and trading agreements.
    • Support broader legal operations, including governance, risk, and reporting.

Qualifications

  • J.D. and admission to practice in at least one U.S. jurisdiction.
  • 2–4+ years of legal experience, ideally:
    • (1) at a mid- or large-sized law firm practicing commercial law, or
    • (2) practicing law related to financial markets and/or regulatory affairs.
  • Applicants with experience in the prediction market industry are especially encouraged to apply.
  • Strong foundation in drafting and negotiating contracts that govern markets, trading, or financial products.
  • Familiarity with CFTC regulations and the legal framework for event contracts, derivatives, or exchange-traded products.
  • Detail-obsessed, pragmatic, and comfortable working in a fast-moving environment where law, markets, and innovation intersect.

NYC Pay Transparency Disclosure:

Salary Range: $100,000 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

We are a group of people who work hard and get things done, and we're looking for more people like that! Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We think of Kalshi as a family bound together by our mission: we believe that this is the best (and most fun!) way to work. Kalshians are, by far, Kalshi's largest asset and we're obsessed with growing and investing in our people.

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 qualified applicants will be treated with respect and receive equal consideration for employment without regard to race, color, creed, religion, sex, gender identity, sexual orientation, national origin, disability, uniform service, veteran status, age, or any other protected characteristic per federal, state, or local law. If you are passionate about what you do and want to use your talents to support our mission and values, we’d love to hear from you.

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MR

Marcus Rivera

Chief Revenue Officer

m.rivera@company.com
linkedin.com/in/marcusrivera
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