Glossary › Position
Checked September 25, 2026 · 6 sources · plain-English definition, not financial advice
Position: The contracts you hold in a Kalshi market, Yes or No, with your average price, current value and payout if it resolves your way.
The CFTC glossary defines a position as an interest in the market, long or short, in the form of one or more open contracts. On Kalshi your portfolio shows for each market the number of contracts, the average price you paid, the current value and the total payout if it resolves in your favor. Kalshi's API reports a position as a count where positive means Yes contracts and negative means No.
Example from Kalshi's help center: buy 10 contracts at 50¢ and the position is worth $5; if the price rises to 75¢ it is worth $7.50, and at 25¢ it is worth $2.50. That current value assumes you could sell at the market price, which depends on liquidity. You can close a position before settlement by selling it, or hold it until the market settles.
Very large positions face limits. Kalshi's rulebook sets position accountability levels in each contract's terms (7,000,000 contracts per member for CPI), above which Kalshi can ask for information or tell you to stop adding, and it can impose hard position limits, such as $7,000,000 per member in its Fed decision contract terms.
Kalshi position sizing worksheet · Kalshi payout calculator
Checked September 25, 2026. Kalshi changes fees, rules, funding options and limits; the market's rules, the order ticket and Kalshi's help center are the final word.
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