interface Orderbook { yes: [number, number][]; // [price_cents, quantity] no: [number, number][]; }

interface Balance { balance: number; // cents payout: number; // pending settlement }

interface Position { ticker: string; position: number; // positive = YES, negative = NO market_exposure: number; }

interface Order { order_id: string; ticker: string; side: "yes" | "no"; action: "buy" | "sell"; count: number; status: string; }


## Quick Start

```typescript
import * as crypto from "crypto";

const API_BASE = "https://api.elections.kalshi.com/trade-api/v2";

// See AUTHENTICATION.md for full setup
function getAuthHeaders(
  apiKey: string,
  privateKeyPem: string,
  method: string,
  path: string
): Record<string, string> {
  const timestamp = Date.now().toString();
  const message = `${timestamp}${method}${path}`;

  const sign = crypto.createSign("RSA-SHA256");
  sign.update(message);
  const signature = sign.sign(privateKeyPem, "base64");

  return {
    "KALSHI-ACCESS-KEY": apiKey,
    "KALSHI-ACCESS-SIGNATURE": signature,
    "KALSHI-ACCESS-TIMESTAMP": timestamp,
    "Content-Type": "application/json",
  };
}

Common Operations

Search Markets

async function searchMarkets(query: string, limit = 10): Promise<Market[]> {
  const url = new URL(`${API_BASE}/markets`);
  url.searchParams.set("status", "open");
  url.searchParams.set("limit", String(limit));

  const response = await fetch(url.toString());
  const data = await response.json();

  // Filter by query in title
  return data.markets.filter((m: Market) =>
    m.title.toLowerCase().includes(query.toLowerCase())
  );
}

Get Market Details

async function getMarket(ticker: string): Promise<Market> {
  const response = await fetch(`${API_BASE}/markets/${ticker}`);
  const data = await response.json();
  return data.market;
}

Get Orderbook

async function getOrderbook(ticker: string): Promise<Orderbook> {
  const response = await fetch(`${API_BASE}/markets/${ticker}/orderbook`);
  const data = await response.json();
  return data.orderbook;
}

Check Balance (Authenticated)

async function getBalance(
  apiKey: string,
  privateKeyPem: string
): Promise<Balance> {
  const path = "/portfolio/balance";
  const headers = getAuthHeaders(apiKey, privateKeyPem, "GET", path);

  const response = await fetch(`${API_BASE}${path}`, { headers });
  return response.json();
}

Get Positions (Authenticated)

async function getPositions(
  apiKey: string,
  privateKeyPem: string
): Promise<Position[]> {
  const path = "/portfolio/positions";
  const headers = getAuthHeaders(apiKey, privateKeyPem, "GET", path);

  const response = await fetch(`${API_BASE}${path}`, { headers });
  const data = await response.json();
  return data.market_positions;
}

Place Order (Authenticated)

async function placeOrder(
  apiKey: string,
  privateKeyPem: string,
  ticker: string,
  side: "yes" | "no",
  action: "buy" | "sell",
  count: number,
  price: number // In cents (1-99)
): Promise<Order> {
  const path = "/portfolio/orders";
  const headers = getAuthHeaders(apiKey, privateKeyPem, "POST", path);

  const body = {
    ticker,
    side,
    action,
    count,
    type: "limit",
    ...(side === "yes" ? { yes_price: price } : { no_price: price }),
  };

  const response = await fetch(`${API_BASE}${path}`, {
    method: "POST",
    headers,
    body: JSON.stringify(body),
  });
  const data = await response.json();
  return data.order;
}

Key Concepts

Markets: Event contracts with Yes/No outcomes (e.g., "Will X happen by Y date?")
Prices: Quoted in cents (1-99), representing probability percentage
Positions: Your holdings in Yes or No contracts
Settlement: Markets resolve to $1.00 (Yes wins) or $0.00 (No wins)

Additional Resources

AUTHENTICATION.md - Detailed API key setup
API_REFERENCE.md - Full endpoint documentation
scripts/kalshi-client.ts - Ready-to-use TypeScript client

Tips

Start with market research: Use searchMarkets() to explore opportunities
Check liquidity: Review orderbook depth before placing large orders
Use limit orders: Avoid market orders to control execution price
Monitor positions: Regularly check your positions and P&L

kalshi-trading

Kalshi Trading

Types