Kalshi for beginners: ten short videos

Ten short videos that explain Kalshi with simple pictures and real markets.

Ten short videos, each about a minute and a half. Every idea starts as a simple picture, then it is shown on a real Kalshi market with real prices. Watch them in order and the Kalshi screen will make sense.

Seven lessons by email, one a day

The lessons this lab paid real money to learn, in the order you will need them. Free, and you can leave with one click.

The ten parts

Part 1 · out 2 OctWhat is a prediction market?The picture: a weather forecast with money behind it.Part 2 · out 3 OctThe contractThe picture: a jar with one dollar in it.Part 3 · out 6 OctThe priceThe picture: a tug of war.Part 4 · out 7 OctThe spreadThe picture: an airport currency booth.Part 5 · out 8 OctMakers, takers and fillsThe picture: pay the asking price, or make an offer.Part 6 · out 10 OctFeesThe picture: a toll road.Part 7 · out 11 OctSettlementThe picture: the final whistle.Part 8 · out 12 OctFavourites and longshotsThe picture: a lottery ticket.Part 9 · out 15 OctPaper tradingThe picture: a flight simulator.Part 10 · out 18 OctEdge and frictionThe picture: walking the wrong way on a moving walkway.

Prefer to read? The glossary has every term on one page, each with its real example.

Who is teaching this

Pondletter is a small lab that trades Kalshi with real money and publishes every result, losses included. Across 6,160 real orders the lab is down $76.11, and every one of those trades is sealed on the proof page. None of this is advice.

Ready for more? All 38 strategies we tested, in one table.

Our real money results, every Sunday

We trade Kalshi with our own money and publish every result: the live bots, the Bitcoin hedge earning Kalshi’s 7%, and which paper tests passed or failed that week. Free by email. One click to leave.