Kalshi: Example

Pricing example and settlement

Example: pricing & arbitrage

• Kalshi (Validator): 64.0

• Trove Mark: 59.5

• Oracle (illustrative): (59.5 + 64.0 + 62.0)/3 = 61.8

Here, Mark < Oracle → longs receive funding.

Arbitrage desk might buy Trove (59.5) and sell Kalshi (≈64.0), earning funding + potential basis convergence.

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Lifecycle & settlement

• Listing:

  • Only high-attention Kalshi markets with ≥6 months horizon

• During life:

  • Standard Trove perp trading (Market/Limit), funding cycles, risk controls

• At event resolution:

  • Oracle settles to 0 or 100 based on Kalshi’s official outcome ruleset; Trove perps remain cash-settled (no physical delivery)

Exact resolution sources & timestamps are shown on the Transparency Dashboard, with the ruleset link per market.