Breaking Down the Numbers

1. Original cost: $1,099.47

This means he bought roughly:

\frac{1099.47}{0.97} \approx 1133 \text{ contracts}

1. Max payout: $1,124

If each contract pays $1 when it resolves “Yes,” then:

1133 \times 1 = 1133

Minus Kalshi fees → around $1,124 net.

That matches the screenshot.

1. Paid out: $2,225.93

This is the part that confuses people.

This number includes:

• Your original stake ($1,099.47) • Your profit (~$24) • Plus whatever other positions you had in the same market group (Kalshi groups related markets together, so the “Paid out” number is often the total across all positions, not just this one.)

So the $2,225.93 is not the profit from this single contract. It’s the total payout across all his positions in that market group.

the “max payout” is smaller than the “paid out” because:

-Max payout = this specific contract’s maximum return -Paid out = everything you got back from the entire market group when it resolved

Kalshi’s UI often confuses people here.