Introduction

Welcome to Theta Labs — the prediction market trading platform with options, narratives, and unified access to Polymarket and Kalshi.

Theta Labs is a trading platform that brings together the two largest prediction market exchanges — Polymarket and Kalshi — in a single, unified interface. Trade outcomes on politics, economics, crypto, sports, and more without switching between platforms.

Beyond spot trading, Theta Labs introduces options on prediction markets: buy calls and puts to get leveraged exposure with defined risk, or sell contracts to collect premium. You can also trade narrative baskets — curated groups of related markets treated as a single tradeable instrument.

Quick Start

Get your account set up and make your first trade in minutes.

Account Setup

Learn about wallets, funding, and account configuration.

Spot Trading

Buy and sell YES/NO shares on Polymarket and Kalshi markets.

Options Trading

Trade calls and puts on prediction markets with leveraged exposure.

Narratives

Trade themed market baskets as a single position.

Portfolio

Track your P&L, positions, and buying power across all platforms.

What you can do

1. Sign in with one click

   Theta Labs uses embedded wallets — no MetaMask or Phantom required. Sign in with your email or social account and a wallet is created for you automatically.

2. Deposit USDC

   Fund your account by depositing USDC on Polygon (for Polymarket trades) or USDC on Solana (for Kalshi trades). Transfers between platforms are available from your Portfolio page.

3. Find a market

   Browse the unified market feed, search by keyword, or explore trending markets, biggest movers, and markets expiring soon — all filtered from Polymarket and Kalshi in one view.

4. Trade

   Buy YES or NO shares on any market, trade options contracts (calls, puts, or sell premium), or take a position on a narrative basket.

Key concepts

Term	Meaning
YES/NO share	A binary outcome token worth $1 if the event resolves in that direction,$0 otherwise
Options (paper)	Call and put contracts on prediction market outcomes — currently paper trading with a $1,000 starting balance
Narrative	A curated basket of related markets traded as a single price
Buying power	Available USDC across your connected wallets, ready to deploy in trades
P&L	Profit and loss — unrealized (open positions) and realized (settled positions)

Options trading on Theta Labs is currently paper trading — you start with a $1,000 virtual balance and no real capital is at risk. This lets you practice strategies and get familiar with the interface before live options launch.