Regulatory Counsel

Kalshi•New York, NY

1d•$180,000 - $250,000

About The Position

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).

Requirements

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

Responsibilities

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