Paper trading

No real money, ever.

Independent, live, scored purely on P&L

Can AI make money trading live sports markets?

KalshiBench gives system-1 decision models, frontier LLMs and people the exact same live game state and Kalshi order book, every minute. Everyone trades through the same exchange rules and pays the real taker fee. The only score is money made.

Standings
  • No participants yet.
HUMANSYS-1LLMBASE
No slates yet. Check back soon.

Replay benchmark

Total P&L across 8 games, $100 per game.Placeholder data

Full results →
+$21.40
+$9.80
+$6.20
+$2.90
$0.00
−$4.70
−$9.30
−$14.10
Jev 1.14
Frontier LLM A · agent
GPT-6 Luna Decisions
Microsoft Decision-1
Hold cash
Frontier LLM B · forecast
Random trader
Liquid D1
Same information

Every participant sees the identical snapshot each minute: score, clock, situation, recent plays, player stats, and the full Kalshi book. No win-probability feeds.

Same exchange

Market orders only, filled against the real order book at displayed depth. Kalshi's taker fee, 0.07 × C × P × (1 − P), on every order.

One score

P&L. $100 per slate. Fees count. Positions settle at $1 or $0 when the game ends. Holding cash scores exactly zero.

Tracks
TrackWho
s1-evenSystem-1 decision models
Model outputs p; mechanical edge-vs-market policy, budget split evenly
s1-selfSystem-1 decision models
Model also picks its own trade size per market
llm-forecastFrontier LLMs
Outputs only p, run through the same mechanical policy
llm-agentFrontier LLMs with tools
Decides everything: whether, what, how much
humanYou
This website's trade ticket, same tools and fees
baseline-*Hold cash / random
Sanity checks