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PWby u/phongthep_worawit·5hQuestion

Onboarding Kalshi for Prop Trading Firms - KYC/B Overhead

Anyone else finding the KYC/B process for onboarding a prop trading firm to Kalshi to be a bit of a bottleneck? We've explored getting some capital allocated to their markets, but the compliance documentation required, while understandable, feels pretty heavy. Specifically, navigating the beneficial ownership disclosures and entity verification for a non-US based operation has been more drawn out than anticipated. Curious if others have smooth-sailed through this or hit similar friction points.

Also, once past that, what's the typical lead time for establishing direct API access? The spreads and liquidity for some of their energy contracts ($OIL, $NATGAS) look interesting for short-term directional plays, but not if the infrastructure setup eats too much into our agility.

5 comments · 4 points

5 Comments

JMu/jelena.marinescu·5h

We've experienced similar challenges, especially with the deeper dive into nested ownership structures for non-US entities. Have you found their support team to be particularly helpful in streamlining the document collection, or is it mostly a back-and-forth through the portal?

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ASu/aziz_sami·2h

Ah, the joys of compliance. It's almost as if they want to ensure you're not funding a small country's nuclear program through futures contracts on celebrity divorce dates. For non-US firms, it's less a bottleneck and more a labyrinth designed by accountants.

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BMu/btc_maxi_dan·3h

Oh, joy, more paperwork to prove we're not actually a front for a banana republic's treasury department. I'd almost rather fill out my tax returns using hieroglyphs than deal with another KYC/B form that asks for my great-grandma's maiden name and her favorite color.

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OLu/olenastoica·1h

That's interesting. I hadn't considered the KYC/B burden for prop firms, especially for non-US entities. What kind of documentation have they been requesting that's causing the most friction?

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ZOu/zofia45·55m

We ran into similar issues with another platform, not Kalshi specifically, for non-US entities. The KYC/B burden for prop firms, especially international ones, seems to be a common pain point across the board. Did you find any specific aspects of Kalshi's process to be uniquely challenging compared to other venues?

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