Kalshi CLI

Use the local kalshi CLI for bounded Kalshi series and market research, keyword discovery, fixed-point portfolio and candlestick reads, order reconciliation, and explicitly confirmed demo or production order operations.

Use the compiled kalshi binary or go run ./cmd/kalshi from this repository.

Required workflow

1. If the command is not already known from the same cached registry/binary version, run kalshi commands list --fields registry_version,commands.name,commands.output_contract_version,commands.summary --compact once and cache the result by registry_version for the task.
2. Before constructing unfamiliar parameters, run kalshi commands describe <command.name> --fields command.name,command.output_contract_version,command.summary,command.effect,command.params_schema --compact. Add command.response_schema,command.docs_url only when response semantics or upstream documentation are needed.
3. Prefer one strict --params JSON object for generated calls. Convenience flags are safe but must not duplicate fields in --params.
4. Add the narrowest useful --fields selection to reads. Add every field the task cannot proceed without to --require-fields; this makes the path present and non-null in every returned record. Paths are item-relative for collection commands and data-root-relative otherwise. Discover allowed paths and constraints offline with kalshi commands describe <command.name> --fields command.response_schema.x-projectable-fields,command.response_schema.x-projected-field-contracts --compact.
5. Set explicit --max-pages, --max-items, and --max-bytes when the defaults do not fit the task. Never emulate an unbounded --all loop.
6. Parse schema_version, output_contract_version, ok, stable error.code, effect, and meta.truncation. Do not scrape prose.
7. Treat a non-empty meta.pagination.next_cursor plus truncation reasons as an explicit continuation decision.

markets.search is a bounded local substring match over documented /markets pages, not an upstream full-text or relevance-ranked search. A zero-match result is complete only when its cursor is empty and truncation is false.

portfolio.pnl exposes Kalshi's upstream-reported realized P&L, exposure, and fees. It does not estimate unrealized P&L, subtract fees, or combine market and event aggregates. Current and archived candlesticks have separate commands and field contracts; do not substitute one when the other returns not found.

Authentication

Never place an API private key in argv, --params, output, logs, or prompts. Configure KALSHI_CREDENTIALS_FILE, or configure KALSHI_API_KEY_ID plus KALSHI_PRIVATE_KEY_FILE. Credential and PEM files must be mode 0600 or stricter.

orderbook.get is anonymous by default because current Kalshi public-data guidance and observed behavior allow it, despite the current endpoint schema also declaring authentication. If the server requires authentication, repeat with --authenticated and a configured credential source.

Writes

Never call orders.create or orders.cancel directly on first construction.

1. Supply an explicit environment and a write policy. Prefer demo unless the operator explicitly requested production.
2. For create, supply a caller-stable client_order_id, count/notional policy caps, and complete params.
3. Add --dry-run. This performs no credential loading, DNS, HTTP, or mutation.
4. Review the canonical plan and its effect/policy metadata.
5. Repeat the identical command without --dry-run and pass the exact confirmation_digest to --confirm.
6. If a write returns mutation_status: "unknown", do not blindly retry and do not switch client IDs. Run orders.reconcile for creates or orders.get for cancels.

--write-policy demo-only permits demo writes; allow is necessary for production. The default is deny. CLI flags may state finite count and notional caps; they are part of the confirmation digest.

Output

Prefer compact JSON for model consumption. Use NDJSON only for external line-oriented processors; it is atomically buffered and repeats the envelope for each collection item, so it is usually more token-expensive. NDJSON's final summary record contains authoritative pagination/truncation metadata. Strings are sanitized so C0/C1 terminal controls, ANSI escapes, invalid UTF-8, and bidi controls appear as visible Unicode escape text.

Projection happens before sanitization and byte accounting. If the result still exceeds --max-bytes, the command fails atomically with OUTPUT_LIMIT; add or narrow fields, or increase the cap. Never treat an output-limit error as a partial page or continue from a cursor copied from error text.

Commands may declare x-default-fields for their canonical v1 view. An explicit --fields overrides that default; continue to use --require-fields for every optional value the task cannot proceed without.

Required response fields are validated before projection. Treat UPSTREAM_SCHEMA_MISMATCH as a contract failure, inspect error.details.missing_fields, type_mismatches, format_mismatches, value_mismatches, and unexpected_fields, and do not guess a renamed field. Optional fields selected only with --fields are emitted as null when absent; use --require-fields whenever null would make the task fail later.

Branch on stable error codes and exit categories documented in README.md. A network error is retryable only for reads. Writes are never automatically retried.

Read commands automatically handle bounded HTTP 429 retries within --timeout. Inspect meta.retry when present for attempts, completed retries, exhaustion, and the final server delay. A final UPSTREAM_REJECTED with HTTP 429 and retryable: true means the per-process retry budget was exhausted; back off before starting another CLI process. Rate-limited attempts do not count as fetched pagination pages.