DOCS <GO>

Event Contracts & Kalshi Crypto — Operations Manual

Protocol specification for event-contract mechanics, market structure, signal interpretation, value-score algorithm, and deployment.

What Are Event Contracts?

An event contract is an agreement that pays out one of two outcomes: yes or no. The contract resolves to exactly one of those two results — no in-between, no partial settlement, no margin call.

You're not buying an asset. You're predicting whether a specific condition will be true or false at a specific moment in time. The most common form in crypto looks like this:

"Will BTC close above $68,500 by 8:00 AM ET today?"
YES
Buying YES at $0.62 — win $1.00, risk $0.62
NO
Buying NO at $0.38 — win $1.00, risk $0.38
$0.62
Max you can lose (YES buyer)
$1.00
Max you can win
8:00 AM ET
Settlement time

The contract settles to exactly $1.00 if the condition is true, and $0.00 if it's false. Before you enter, you know your exact maximum gain and maximum loss. There's no uncertainty about the risk profile — only about the outcome.

The math in plain English

If the market is pricing YES at $0.62, it means the crowd collectively thinks there's roughly a 62% chance BTC closes above the strike price. If you think the probability is higher than 62%, you buy YES. If you think it's lower, you buy NO.

You're not betting on how much BTC will move — only whether it'll be above or below a number. That simplicity is what makes event contracts accessible to people who have never traded derivatives.

Key insight: With event contracts, you're never exposed to unlimited downside. The worst that can happen is you lose what you paid for the contract — whether that's $0.38 or $0.72 or $0.91. This is fundamentally different from spot trading, futures, or options where losses can exceed your initial position.

How long do contracts last?

On Kalshi's crypto markets, contracts range from 15 minutes to one full year. The most actively traded are 15-minute and hourly contracts — making them ideal for active traders who want quick resolution. Weekly and daily contracts are popular for traders with a macro view on where crypto is heading over the next few days.

Event Contracts vs. Traditional Crypto Trading

Most retail crypto traders use spot markets (buy/sell on Coinbase, Binance, etc.) or perpetual futures (leveraged positions). Both have significant downsides that event contracts solve.

Feature Spot Crypto Crypto Futures Kalshi Event Contracts
Max loss 100% of position Unlimited (with leverage) Fixed — what you paid
Liquidation risk No Yes — brutal in volatility None, ever
Leverage required No Often yes Never
Profit from sideways No Partial (funding rates) Yes — with NO contracts
Know payoff before entry No No Yes — always
Complexity for beginners Low–Medium High Low
Regulated (US) Partially Often offshore Yes — CFTC regulated
Time horizon flexibility Open-ended Open-ended or daily 15min to 1 year

The liquidation problem with futures

Leverage is a double-edged sword. A 10x leveraged ETH long means a 10% move against you wipes out your entire position. In volatile crypto markets — where 5–15% intraday swings are common — liquidations happen constantly. Event contracts have no leverage and no liquidation. You can't lose more than you put in, period.

Spot trading's hidden cost: opportunity cost

With spot crypto, you need significant capital deployed to generate meaningful returns from small moves. A 2% BTC gain on a $1,000 position is $20. With event contracts, you can express the same directional view with a fraction of the capital and know your exact payoff structure before you enter.

Bottom line: Event contracts on Kalshi aren't a replacement for all crypto trading — they're a cleaner tool for directional short-term predictions. If you have a view on where BTC is going in the next 15 minutes or 24 hours, event contracts give you the most efficient, lowest-risk way to express that view.

Who Event Contracts Trading Is For

Event contracts on Kalshi are an excellent fit for a specific type of trader. Here's an honest assessment of who benefits most:

Perfect for

  • Retail traders who want simplicity

    If you've been burned by liquidations in futures or feel overwhelmed by complex options strategies, event contracts reduce the game to a single decision: up or down?

  • Traders who want defined risk

    If you want to speculate on crypto price moves but can't stomach the thought of an unlimited downside, event contracts give you hard-capped risk on every single trade.

  • Short-term active traders

    15-minute and hourly contracts reward traders who follow crypto closely and have a view on near-term price action. High frequency, fast resolution, quick feedback loop.

  • Macro investors making weekly/monthly calls

    Weekly and monthly contracts let you express a macro view on crypto direction with a clean risk profile — no rollover hassle, no funding rate, just a straight prediction.

Not the right tool for

Event contracts aren't great for traders who want to hold positions indefinitely (use spot for that), or who want to profit from crypto's long-term compounding (use spot or ETFs). They're also not suitable if you're looking for leverage to amplify small moves — event-contract payoffs are fixed at 1:1 maximum.

No quant background required. You don't need to understand Greeks, implied volatility, or funding rates to trade Kalshi crypto contracts. The product is designed to be as simple as sports betting — the primary skill is correctly predicting direction. AI signals handle the analysis; you make the call.

How Kalshi's Crypto Prediction Markets Work

Kalshi is a CFTC-regulated prediction market exchange based in the US. Unlike offshore derivatives platforms, Kalshi operates under federal oversight — the same regulatory framework that governs futures exchanges like the CME.

Kalshi lists contracts on hundreds of events — economics, politics, weather, sports, and most relevantly for us: cryptocurrency prices.

Contract structure

Each crypto contract has four key components:

1

Strike price

The threshold price being tested. For BTC daily contracts, this might be $68,500. The contract asks: will the price be above or below this number at settlement?

2

Settlement time

The exact moment the contract resolves. For 15-minute BTC contracts, this is every quarter-hour throughout the day. Daily contracts settle at midnight ET.

3

YES/NO market price

Determined by buyer and seller orders on Kalshi's order book. If YES is trading at $0.70, that's the market's estimate of the probability — 70% chance the condition is true.

4

Settlement outcome

Kalshi uses a designated reference price at the settlement time. If BTC is above the strike, all YES contracts pay $1.00. All NO contracts pay $0.00. No ambiguity.

Available crypto markets on Kalshi

Kalshi lists crypto contracts on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The contract series use identifiers like:

KXBTCD — BTC daily contract (settles at midnight ET)
KXBTC15M — BTC 15-minute contracts (every quarter-hour)
KXBTCW — BTC weekly contract (settles Friday midnight)
KXBTCY — BTC yearly contract (settles December 31)
KXETH, KXSOL — ETH and SOL equivalents across timeframes

Each series has its own strike price that reflects current market levels. Strike prices update periodically to stay relevant as crypto prices move.

Who sets the price?

The market does. Kalshi runs a central limit order book where buyers and sellers interact directly. If you think BTC will close above $68,500 and you're willing to pay $0.60 for YES, you post a bid. If someone is willing to sell YES at $0.60, the order fills and you own the contract.

No house taking the other side. No market makers with asymmetric information. The price you see is the market's collective estimate of the probability.

New to Prediction Markets? Reading Your Signal Cards

When you first open the True AI Crypto dashboard, the signal cards might look dense. Here's a plain-English breakdown of everything you're seeing — so you can go from confused to confident in five minutes.

What does YES or NO mean?

Each Kalshi crypto contract asks a yes/no question: "Will BTC be at or above $68,500 when this contract expires?"

The AI generates a YES call when it predicts the asset will finish at or above the strike price. A NO call means the AI predicts it will finish below. On Kalshi, you buy YES or NO contracts — whichever direction you agree with. If the contract settles in your direction, you win $1.00 per contract. If not, you lose what you paid.

How to read a signal card
📊

The direction badge — YES ↑ or NO ↓

This is the AI's call. YES means it expects the price to be at or above the strike at expiry. NO means below. The arrow shows direction at a glance.

🎯

The confidence % — how strong is the signal?

This is the calibrated accuracy score — not a raw model output, but adjusted to match historical outcomes. 70%+ = High confidence (green). 60–69% = Medium. Below 60% = Low. Treat Low confidence signals as weak — the indicators are split.

💰

Strike price — the line to cross

This is the threshold being tested. For a YES call, the asset needs to finish at or above this number at contract expiry. For NO, it needs to finish below it. The closer the current price is to the strike, the more uncertain the outcome.

⏱️

The countdown timer — when does it settle?

Each contract has an expiry. 15-minute contracts resolve every quarter-hour. Daily contracts at midnight. The countdown shows how long until the contract question is answered. Yellow = under 6 hours. Red = under 30 minutes.

What are the "factors" in the analysis?

Tap any signal card to open the full AI analysis. Inside, you'll see 5 factors — the data points the AI used to make its call. Each factor is color-coded:

  • Green (aligned)

    This factor supports the YES/NO call. The more green factors, the more data is pointing in the same direction.

  • Red (opposing)

    This factor works against the call. Red factors don't invalidate the signal, but they mean the picture is mixed.

  • Grey (neutral)

    This factor isn't pointing clearly either way. It's not adding confidence but it's not contradicting the call either.

⚡ Wait — 15-Minute Cards Look Different. Here's Why.

If you're browsing the dashboard and notice that 15-minute signal cards look structurally different from Hourly, Daily, Weekly, and Monthly cards — you're not imagining it. They work differently.

On Kalshi, 15-minute BTC/ETH/SOL contracts use a simple Up / Down format — a single YES/NO threshold with no predicted range. Other frequencies (Daily, Hourly, Weekly) include a Range or Bracket showing where the AI thinks the price will land.

⚠️ Heads up for beginners: Daily, Hourly, Weekly, Monthly, and Yearly cards show a predicted range (multiple brackets the AI thinks the price will land in), plus a YES/NO verdict. 15-minute cards are simpler — just a single YES/NO threshold: "Will the price be above or below the strike?" No range display. Keep reading.

Standard frequency card vs. 15-minute card — side by side

📅 Daily / Hourly / Weekly
"Will BTC close above $68,500?"
$67,500 – $68,000 Bracket A
$68,000 – $68,500 AI picks this ↑
$68,500 – $69,000 Bracket C
Multiple buckets. The AI picks the range it thinks the price will land in. You buy YES on that bracket — or NO if you disagree.
⚡ 15-Minute (Up / Down)
"Will BTC be above $68,500
in 15 min?"
YES
Above $68,500
NO
Below $68,500
Single threshold. One strike price. You pick YES or NO based on whether you think the price ends up above or below that number.

Kalshi Range vs. Landing Zone — what's the difference?

On Daily, Hourly, Weekly, and Yearly cards, you'll see one of two labels. Here's what each one means:

Label on card What the contract asks How the AI's call works
Kalshi Range Will the price land inside a single defined range window — e.g., between $68,000 and $68,500 at expiry? AI generates YES (lands in range) or NO (falls outside it). The card shows the range instead of a single number.
Landing Zone Multiple price buckets are defined. Which bucket will the price land in at settlement? AI identifies the highest-probability bracket and highlights it as the Landing Zone. You buy YES on that bracket if you agree.

15-minute cards don't show either of these labels — they're simple Up/Down with no range visualization.

What stays the same on a 15-min card?

  • YES / NO call

    The AI still gives you a clear YES or NO. YES means it expects the price to be above the strike. NO means below. Same as every other card.

  • Confidence % and factor breakdown

    Same calibrated confidence score. Same 5-factor analysis. The underlying analysis logic doesn't change — only the card layout does.

  • Countdown timer

    Still shows time to contract expiry. 15-min contracts tick down fast — check the timer before acting. A 15-min contract with 2 minutes left is almost fully baked.

What's different on a 15-min card?

  • No predicted range visualization

    Daily, Hourly, and Weekly cards show a "Kalshi Range" or "Landing Zone" bar with price brackets. 15-minute cards skip that entirely — you just get a clean YES/NO threshold with the strike price.

  • Pure directional call

    15-minute cards are the simplest format: "Will BTC be above or below $68,500 in 15 minutes?" No brackets, no ranges — just direction. Other frequencies add range context on top of the YES/NO call.

  • Fast resolution = fast feedback

    A new contract resolves every 15 minutes — 96 per day per asset. Great for active traders who want quick feedback loops. But the short window means less time for your thesis to play out.

Quick rule for beginners: 15-minute cards are actually the simplest — just YES or NO on a single strike price. Daily and Hourly cards add range/bracket context on top, which takes a bit more reading. Start wherever feels comfortable. Look for the "Kalshi Range" or "Landing Zone" label to identify cards with range data.

Quick glossary — the terms you'll see

Term What it means in plain English
RSI Relative Strength Index — a 0–100 momentum gauge. Above 70 = market overheated (likely to pull back). Below 30 = oversold (likely to bounce).
MA Crossover When the short-term price average crosses the long-term average. Short crossing above long = bullish signal (golden cross). Crossing below = bearish (death cross).
Volume Trend Trading volume vs the prior period. Rising volume confirms a move is real. Falling volume suggests the move may be losing steam.
Volatility How much the price swings. High volatility = bigger moves in either direction. More potential reward, but more uncertainty too.
Momentum Speed and consistency of price movement. Strong upward momentum means prices have been rising steadily — and tend to keep going that way short-term.
Price vs Strike How far the current price sits from the strike threshold. Wider gap = higher model confidence the call holds. Razor-thin gap = more uncertain.
Calibrated confidence The adjusted accuracy estimate. Raw model output is corrected against our historical track record, so "65% confidence" actually means ~65% of similar past signals were correct.

Rule of thumb: Focus on High confidence signals (70%+) while you're learning the market. These have the most historical data pointing in one direction. Once you're comfortable reading the factor breakdown, you can add medium-confidence signals to your watch list.

How True AI Crypto Gives You an Edge

The event contracts market is efficient. Kalshi's prices reflect collective market wisdom — the wisdom of everyone who has skin in the game. To profit consistently, you need an edge over the crowd. That's what AI signals provide.

True AI Crypto analyzes each Kalshi crypto contract in real-time and generates a YES/NO call with a confidence score — telling you both the direction and how strong the signal is.

  • AI-powered YES/NO signals

    Every signal is generated by analyzing multiple market factors simultaneously: price momentum across timeframes, order book depth imbalances, volatility regime, on-chain data, and cross-exchange price action. The result: a single clear call — YES or NO — for each contract window.

  • 🎯

    Confidence scoring

    Not all signals are equal. A 92% confidence signal is very different from a 61% confidence signal. The confidence score lets you adjust position sizing accordingly — bet bigger when the model is more certain, smaller when it's closer to 50/50.

  • 📊

    5-factor breakdown in plain English

    Each signal explains exactly which factors are supporting or challenging the call: RSI overbought/oversold, moving average crossovers, volume confirmation, volatility expansion, and momentum. You're never flying blind — you can see the reasoning behind every prediction.

  • 🔴

    Live Kalshi market data

    True AI Crypto pulls live YES/NO bid prices and contract volumes directly from Kalshi's API every 90 seconds. You see the current market price alongside our AI call — so you can compare what the market thinks vs. what the model thinks.

  • 📈

    Transparent, public track record

    Every signal we generate gets logged and resolved against the actual outcome. Our Track Record page shows per-asset hit rates, per-frequency accuracy, and a full history of every prediction — verified, not self-reported. You can audit it yourself.

  • ⏱️

    Coverage across all 6 timeframes

    From 15-minute contracts to yearly calls, we generate signals for every available Kalshi crypto contract — BTC, ETH, and SOL across all durations. Whether you're a day trader scalping 15-min contracts or a macro investor playing weekly levels, we've got the signal.

Why AI signals beat human analysis

Manually analyzing every 15-minute contract window for 3 assets is impossible. There are 96 contract windows per day per asset — 288 calls to make daily across BTC, ETH, and SOL. No human can do this systematically without errors, fatigue, or emotional bias.

AI processes every data point consistently, without fatigue, and without the emotional anchoring that causes traders to hold onto losing views too long. The model doesn't "feel" like BTC should be higher. It looks at the data and makes a probability estimate.

How to Get Started

Getting from zero to your first Kalshi crypto trade takes less than a day. Here's the exact path:

1

Create a Kalshi account

Go to Kalshi.com and sign up. US residents need to complete identity verification (standard KYC). The process typically takes under 10 minutes. Fund your account with a bank transfer or debit card.

2

Access True AI Crypto's dashboard

Open the True AI Crypto dashboard — no account required for signals. You'll see real-time YES/NO calls for BTC, ETH, and SOL across all timeframes, each with a confidence score and Kalshi live market data.

3

Pick a signal to act on

Filter by asset and timeframe. Focus on high-confidence signals (70%+) first while you're learning. Click any signal card to see the full 5-factor analysis — understand why the model made the call before you commit capital.

4

Place the trade on Kalshi

Go to the relevant contract on Kalshi. If the signal says YES and you agree with the analysis, buy YES at the current market price. Set a position size you're comfortable losing — remember, your max loss is exactly what you pay.

5

Track the outcome and iterate

At contract settlement, you'll know immediately if the prediction was correct. Review our Track Record page to see how signals perform over time. Build intuition for which conditions produce the most reliable signals.

Start small. Trade with an amount you're comfortable losing entirely while you learn the market. Event contracts have a fast feedback loop — you'll learn more from 20 real trades at $5 each than from studying charts for a month. The goal isn't to get rich on trade #1, it's to build a feel for the market before sizing up.