Regulatory Attorney - SEC/CFTC

What is Kalshi? 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 looking for a Regulatory Attorney to help shape Kalshi's legal and regulatory strategy as we expand into new financial products and markets. You'll work at the intersection of SEC and CFTC regulation, advising on securities, derivatives, and evolving market structures. This is a high-impact role on a lean legal team, with significant ownership over complex regulatory matters and the opportunity to help define the future of financial markets.

What You'll Do

• Advise on the application of SEC and CFTC regulations to Kalshi's existing and emerging products, businesses, and market infrastructure.

• Help develop regulatory strategies for new financial products, including securities-linked derivatives and other innovative trading instruments.

• Analyze complex questions involving securities law, derivatives regulation, jurisdiction, and market structure.

• Draft and review regulatory filings, rule submissions, comment letters, and requests for regulatory guidance.

• Engage with the SEC, CFTC, and other regulatory bodies on registrations, product approvals, examinations, and regulatory inquiries.

• Partner with Product, Markets, Compliance, and leadership to structure and launch new products within applicable regulatory frameworks.

• Monitor regulatory developments and translate them into actionable recommendations for the business.

• Work closely with internal and external counsel on regulatory strategy, enforcement matters, and other complex legal issues.

What We're Looking For

• J.D. and active membership in good standing in at least one U.S. state bar.

• 5 - 8+ years of relevant legal experience at a law firm, financial regulator, exchange, broker-dealer, or financial services company.

• Deep understanding of SEC and/or CFTC regulatory frameworks, with demonstrated experience navigating issues involving securities, derivatives, or financial market structure.

• Experience advising on complex regulatory matters involving financial products, trading platforms, or regulated market participants.

• Exceptional legal research, writing, and analytical skills.

• Strong commercial judgment and the ability to translate complex regulatory issues into practical business advice.

• Comfort operating independently in a fast-paced environment with significant ambiguity.

Helpful Experience

• Experience working directly with the SEC or CFTC, either as a regulator or representing regulated financial institutions.

• Familiarity with the Securities Exchange Act, Commodity Exchange Act, and regulations governing exchanges, clearing organizations, broker-dealers, or futures commission merchants.

• Experience with security futures, derivatives, novel financial products, or emerging trading platforms.

• Background at a leading financial services law firm, exchange, trading firm, or high-growth fintech.

• Experience advising on regulatory registrations, product launches, or new market entry.

NYC Pay Transparency Disclosure Salary Range: $250,000–$300,000+ annually, plus equity and benefits. This range reflects current market data for this role. Kalshi has minimal hierarchy and broad variance in experience levels within each title; if your compensation expectations exceed this range, we encourage you to reach out - we’re always happy to discuss.

Our Culture Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We dream big. We love our craft deeply and are proud of what we put out in the world. We are committed to our vision of building something big… but also useful: a product that brings more truth through the power of markets. Kalshians are Kalshi’s most important asset: we pick Kalshians carefully, so we trust them fully on day 1.

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.