Glossary › Strike

What is a strike on Kalshi?

Checked September 25, 2026 · 5 sources · plain-English definition, not financial advice

How it works on Kalshi

Kalshi uses strike for the level that decides a market. In an event about the monthly gas price, each strike (above 3.00, above 3.10 and so on) is a separate market with its own price. Kalshi's API describes it with a strike type plus floor_strike, the minimum expiration value that leads to a Yes settlement, and cap_strike, the maximum.

Worked example: Kalshi's CPI contracts pay Yes when the one-month CPI change is strictly greater than the listed percent. If the strike is 0.3% and the BLS reports 0.3%, the market resolves No, because equal is not greater. Kalshi may list CPI strikes from 0% to 10% in steps of 0.01%.

Strike types include greater, greater_or_equal, less, less_or_equal and between, so read whether the boundary itself counts. If a strike you want is missing, the market's options menu has a "Request Additional Strikes" form that Kalshi's markets team reviews.

Related terms

• Range (bracket) market: A Kalshi event split into brackets, like daily high temperature ranges with "or above" and "or below" ends, where one reading lands in one bracket.
• Market: One yes-or-no contract inside a Kalshi event, such as "Above 3.10" in a gas price event, with its own ticker, order book, prices and rules.
• Event: A group of related Kalshi markets about one question or occasion, such as all price strikes for one date; each event belongs to a series.
• Market rules and contract terms: The binding terms of a Kalshi market: what is measured, the source, the timeline and when it pays, all under the KalshiEX rulebook.

See also

Kalshi odds today

Sources

1. Kalshi Glossary, Kalshi API documentation, accessed September 25, 2026
2. Get Market, Kalshi API documentation, accessed September 25, 2026
3. CPI contract terms, Kalshi, accessed September 25, 2026
4. Request Additional Strikes, Kalshi Help Center, March 10, 2026
5. Market Rules, Kalshi Help Center, March 17, 2026

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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