A lot of prediction market participants do not run the preparation, research and learning loops that are standard in mature markets. The point of paper trading is to give you the tools to test strategies and get familiar in a safe environment.

  1. Step one

    Find markets you want to follow.

    The scanner lists every market on Polymarket and Kalshi carrying at least $5,000 in volume, plus anything you follow and anything a Chironus article is tracking.

    Following an event puts every market inside it on your Dashboard.

    Free users can follow up to 10 events at a time. Pro users are unlimited.

    The Chironus market scanner listing Polymarket and Kalshi markets side by side
  2. Step two

    Set and manage alerts.

    • Daily morning brief: a 24 hour snapshot of movements on your followed events.
    • Alerts as prices move: Pro accounts get an email within a minute or two.

    Sensitivity starts at a 10 percent move and can be adjusted globally or per event.

  3. Step three

    Execute a mock trade.

    Paper trading uses simulated funds, not real money.

    Every account starts with $1,000 in simulated funds, and the balance can be set to anything up to $1,000,000.

    Free users can hold 5 open positions at a time and place up to 5 trades a day. Pro users are unlimited.

    Republican Presidential Nominee 2028

    J.D. Vance · Kalshi · closes Jul 2028

    Journal · 11 closed, 7 right

    Next Mythos-Class Model released by August 31, 2026?-$10.00

    Will Yes win the 2026 Icelandic referendum on resuming European Union membership negotiations?+$24.47

    Will Darline Graham Nordone be the new republican nominee for Senate in South Carolina?+$21.06

  4. Step four

    Track open positions.

    Your Dashboard has its own tabs for followed events, open positions, closed history, strategies and the journal.

  5. Step five

    Study historical records.

    Every closed position is kept in history, where you can track your win rate and your return, and compare the results of different strategies.

    Free users get the last 30 days of history and journal records. Pro users keep the full records as long as the plan is active.

    Strategies
    Climate and hazards+$15.094 resolved · 1 open
    Macro prints+$14.122 resolved · 1 open
    Elections and Congress+$39.664 resolved
    AI releases-$10.001 resolved · 1 open
    Journal
    Aug 16
    POLYNext Mythos-Class Model released by August 31, 2026?
    YesLostAI releases

    Entry 13% · Exit 0% · Closed Sep 1

    Bought two weeks of runway. It landed on September 1.

    -$10.00-100.0%
    Aug 18
    KLSHWill Yes win the 2026 Icelandic referendum on resuming European Union membership negotiations?
    NoWonElections and Congress

    Entry 38% · Exit 100% · Closed Aug 30

    Nordic EU votes lean No late. Norway did it twice.

    +$24.47+163.1%

    11 closed, 7 right · +$58.87 realised

    3 open · +$35.19 unrealised