Udesh Jha, chief risk office (Kalshi Clearing), said:

This weekend, to our knowledge, Kalshi Klear became the first DCO (clearinghouse) to successfully run and complete a default simulation on a weekend —𝐭𝐞𝐬𝐭𝐢𝐧𝐠 𝐚 𝐥𝐚𝐫𝐠𝐞, 𝐬𝐭𝐫𝐞𝐬𝐬𝐞𝐝 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐚𝐧𝐝 𝐚 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐩𝐫𝐨𝐜𝐞𝐬𝐬…

— Udesh Jha (@udeshjha) August 16, 2026

Jha said: “This Saturday default management builds on what we already do every weekend:

(𝐚) 𝐑𝐮𝐧 𝐈𝐌, 𝐕𝐌 𝐚𝐧𝐝 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐜𝐲𝐜𝐥𝐞𝐬,

(𝐛) 𝐦𝐨𝐯𝐞 𝐔𝐒𝐃 𝐜𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥,

(𝐜) 𝐂𝐨𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭 𝐚𝐥𝐬𝐨 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐢𝐧 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐭𝐨 𝐔𝐒𝐃,

(𝐝) 𝐂𝐨𝐦𝐩𝐮𝐭𝐞 𝐚𝐧𝐝 𝐦𝐨𝐧𝐢𝐭𝐨𝐫 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤 𝐨𝐟 𝐞𝐯𝐞𝐫𝐲 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬𝐥𝐲 𝐢𝐧 𝐫𝐞𝐚𝐥 𝐭𝐢𝐦𝐞 (𝐞𝐯𝐞𝐫𝐲 𝐬𝐞𝐜𝐨𝐧𝐝)

There is a lot of focus on making markets trade 24/7. But extending trading hours without extending the clearing, funding and risk infrastructure underneath them only solves part of the problem.

At Kalshi Klear, we are proud to be building both. After all, risk management is the most fundamental responsibility of an exchange and clearinghouse. And we’re grateful to our clients and clearing members — none of this works without their active participation in the markets, funding processes and default-management exercises that make the infrastructure real.”

Source: Kalshi