diff --git a/.changeset/tidy-planets-kneel.md b/.changeset/tidy-planets-kneel.md
new file mode 100644
index 0000000000..363dbd33ab
--- /dev/null
+++ b/.changeset/tidy-planets-kneel.md
@@ -0,0 +1,5 @@
+---
+"@moonshot-ai/kimi-code": patch
+---
+
+web: Add an opt-in setting to render $…$ as inline LaTeX in chat messages; it stays off by default because bare $ in prices or variables like $PATH can be misdetected as math. Enable it in Settings → General → Inline math rendering.
diff --git a/apps/kimi-web/src/App.vue b/apps/kimi-web/src/App.vue
index 5708bcc9bf..da4e3617c2 100644
--- a/apps/kimi-web/src/App.vue
+++ b/apps/kimi-web/src/App.vue
@@ -998,6 +998,7 @@ function openPr(url: string): void {
       :notify-permission="client.notifyPermission.value"
       :sound="client.soundOnComplete.value"
       :conversation-toc="client.conversationToc.value"
+      :inline-math="client.inlineMath.value"
       :config="client.config.value"
       :models="client.models.value"
       :config-saving="configSaving"
@@ -1011,6 +1012,7 @@ function openPr(url: string): void {
       @set-notify-approval="client.setNotifyOnApproval($event)"
       @set-sound="client.setSoundOnComplete($event)"
       @set-conversation-toc="client.setConversationToc($event)"
+      @set-inline-math="client.setInlineMath($event)"
       @update-config="handleUpdateConfig($event)"
       @login="() => { showSettings = false; openLogin(); }"
       @logout="client.logout"
@@ -1110,6 +1112,7 @@ function openPr(url: string): void {
       :ui-font-size="client.uiFontSize.value"
       :auth-ready="client.authReady.value"
       :conversation-toc="client.conversationToc.value"
+      :inline-math="client.inlineMath.value"
       :server-version="client.serverVersion.value"
       @pick-model="openModelPicker()"
       @set-thinking="client.setThinking($event)"
@@ -1119,6 +1122,7 @@ function openPr(url: string): void {
       @set-color-scheme="client.setColorScheme($event)"
       @set-ui-font-size="client.setUiFontSize($event)"
       @set-conversation-toc="client.setConversationToc($event)"
+      @set-inline-math="client.setInlineMath($event)"
       @login="() => { showMobileSettings = false; openLogin(); }"
       @logout="client.logout"
     />
diff --git a/apps/kimi-web/src/components/chat/Markdown.vue b/apps/kimi-web/src/components/chat/Markdown.vue
index 3e20657ddc..b86bc07750 100644
--- a/apps/kimi-web/src/components/chat/Markdown.vue
+++ b/apps/kimi-web/src/components/chat/Markdown.vue
@@ -12,6 +12,8 @@ import {
   clearMermaidWorker,
 } from 'markstream-vue';
 import type { MarkdownIt } from 'markstream-vue';
+import { useKimiWebClient } from '../../composables/useKimiWebClient';
+import { configureMathRules } from '../../lib/markdownMath';
 import { useIsDark } from '../../composables/useIsDark';
 import type { FilePreviewRequest } from '../../types';
 import { collectFilePathAliases, findFilePathLinks } from '../../lib/filePathLinks';
@@ -64,13 +66,15 @@ clearMermaidWorker();
 setKaTeXWorker(new katexWorkerModule.default());
 setMermaidWorker(new mermaidWorkerModule.default());
 
-// Only `$$…$$` display math is rendered; single `$` inline math is disabled so
-// prices, env vars, and shell paths (`$5`, `$PATH`, `$HOME/bin`) stay literal
-// without any escaping or code-detection gymnastics. `math_block` (the $$ rule)
-// is left enabled.
-function disableInlineMath(md: MarkdownIt): MarkdownIt {
-  md.inline.ruler.disable('math');
-  return md;
+// Only `$$…$$` display math (the `math_block` rule) is always rendered.
+// Single-`$` inline math is OPT-IN (Settings → inline math): the rule can
+// misdetect prices, env vars, and shell paths (`$5`, `$PATH`, `$HOME/bin`)
+// as math and swallow them into a broken formula, so it stays disabled
+// unless the user turns it on. The MarkdownRender instances are keyed on the
+// preference below so toggling it re-parses the message.
+const client = useKimiWebClient();
+function applyMathRules(md: MarkdownIt): MarkdownIt {
+  return configureMathRules(md, { inline: client.inlineMath.value });
 }
 
 const { t } = useI18n();
@@ -433,8 +437,9 @@ function copyDiff(code: string, idx: number) {
       <!-- Non-diff markdown → markstream (smooth streaming + shiki) -->
       <MarkdownRender
         v-if="seg.kind === 'md'"
+        :key="`${i}:${client.inlineMath.value ? 1 : 0}`"
         :content="seg.text"
-        :custom-markdown-it="disableInlineMath"
+        :custom-markdown-it="applyMathRules"
         mode="chat"
         :code-renderer="renderPlan.codeRenderer"
         :is-dark="isDark"
diff --git a/apps/kimi-web/src/components/mobile/MobileSettingsSheet.vue b/apps/kimi-web/src/components/mobile/MobileSettingsSheet.vue
index 814ea8c398..a192bb8d07 100644
--- a/apps/kimi-web/src/components/mobile/MobileSettingsSheet.vue
+++ b/apps/kimi-web/src/components/mobile/MobileSettingsSheet.vue
@@ -39,6 +39,9 @@ const props = withDefaults(
     uiFontSize?: number;
     authReady?: boolean;
     conversationToc?: boolean;
+    /** Inline `$…$` LaTeX rendering in chat markdown (opt-in; can misdetect
+        prices / env vars / shell paths as math). */
+    inlineMath?: boolean;
     /** Server version from GET /api/v1/meta, shown as a read-only row. */
     serverVersion?: string;
     /** Available models — used to derive the current model's thinking segments. */
@@ -63,6 +66,7 @@ const emit = defineEmits<{
   setColorScheme: [colorScheme: ColorScheme];
   setUiFontSize: [size: number];
   setConversationToc: [on: boolean];
+  setInlineMath: [on: boolean];
   login: [];
   logout: [];
 }>();
@@ -372,6 +376,14 @@ watch(
       <span class="toggle" :class="{ on: conversationToc }" role="switch" :aria-checked="conversationToc" />
     </button>
 
+    <button type="button" class="srow" @click="emit('setInlineMath', !inlineMath)">
+      <span class="srow-main">
+        <span class="srow-label">{{ t('settings.inlineMath') }}</span>
+        <span class="srow-sub">{{ t('settings.inlineMathHint') }}</span>
+      </span>
+      <span class="toggle" :class="{ on: inlineMath }" role="switch" :aria-checked="inlineMath" />
+    </button>
+
     <!-- Account: sign in / out -->
     <button v-if="authReady" type="button" class="srow acct out" @click="onLogout">
       <span class="srow-main">
diff --git a/apps/kimi-web/src/components/settings/SettingsDialog.vue b/apps/kimi-web/src/components/settings/SettingsDialog.vue
index 181e4197eb..d9cd4bd7a6 100644
--- a/apps/kimi-web/src/components/settings/SettingsDialog.vue
+++ b/apps/kimi-web/src/components/settings/SettingsDialog.vue
@@ -40,6 +40,9 @@ const props = defineProps<{
   sound: boolean;
   /** Conversation outline (proportional bubbles, viewport indicator, hover tooltip). */
   conversationToc?: boolean;
+  /** Inline `$…$` LaTeX rendering in chat markdown (opt-in; can misdetect
+      prices / env vars / shell paths as math). */
+  inlineMath?: boolean;
   /** Global daemon config from GET /api/v1/config. Secrets are redacted server-side. */
   config?: AppConfig | null;
   /** Models from the daemon catalog, used to label default-model choices. */
@@ -61,6 +64,7 @@ const emit = defineEmits<{
   setNotifyApproval: [on: boolean];
   setSound: [on: boolean];
   setConversationToc: [on: boolean];
+  setInlineMath: [on: boolean];
   login: [];
   logout: [];
   openOnboarding: [];
@@ -397,6 +401,17 @@ function archiveTime(iso: string): string {
                 @update:model-value="emit('setConversationToc', $event)"
               />
             </div>
+            <div class="row">
+              <span class="rlabel">
+                {{ t('settings.inlineMath') }}
+                <span class="hint">{{ t('settings.inlineMathHint') }}</span>
+              </span>
+              <Switch
+                :model-value="inlineMath ?? false"
+                :label="t('settings.inlineMath')"
+                @update:model-value="emit('setInlineMath', $event)"
+              />
+            </div>
           </section>
 
           <section class="sec">
diff --git a/apps/kimi-web/src/composables/useKimiWebClient.ts b/apps/kimi-web/src/composables/useKimiWebClient.ts
index db5281071a..d320aec5fc 100644
--- a/apps/kimi-web/src/composables/useKimiWebClient.ts
+++ b/apps/kimi-web/src/composables/useKimiWebClient.ts
@@ -832,6 +832,32 @@ function setConversationToc(v: boolean): void {
   saveConversationTocToStorage(v);
 }
 
+// ---------------------------------------------------------------------------
+// Inline `$…$` LaTeX rendering in chat markdown. Off by default: the single-`$`
+// inline rule can misdetect prices / env vars / shell paths ($5, $PATH,
+// $HOME/bin) as math, so users opt in via Settings. Persisted per browser.
+// ---------------------------------------------------------------------------
+const INLINE_MATH_STORAGE_KEY = STORAGE_KEYS.inlineMath;
+function loadInlineMathFromStorage(): boolean {
+  try {
+    return safeGetString(INLINE_MATH_STORAGE_KEY) === 'true';
+  } catch {
+    return false;
+  }
+}
+function saveInlineMathToStorage(v: boolean): void {
+  try {
+    safeSetString(INLINE_MATH_STORAGE_KEY, v ? 'true' : 'false');
+  } catch {
+    // ignore
+  }
+}
+const inlineMath = ref<boolean>(loadInlineMathFromStorage());
+function setInlineMath(v: boolean): void {
+  inlineMath.value = v;
+  saveInlineMathToStorage(v);
+}
+
 // ---------------------------------------------------------------------------
 // Onboarding: a "has the user been onboarded" flag that gates the first-run
 // onboarding screen (preference: language). Persisted; can be reset to re-open
@@ -2889,6 +2915,10 @@ export function useKimiWebClient() {
     conversationToc,
     setConversationToc,
 
+    // Inline `$…$` LaTeX rendering (opt-in)
+    inlineMath,
+    setInlineMath,
+
     // Color scheme
     colorScheme: appearance.colorScheme,
     setColorScheme: appearance.setColorScheme,
diff --git a/apps/kimi-web/src/i18n/locales/en/settings.ts b/apps/kimi-web/src/i18n/locales/en/settings.ts
index 733cb83e07..880f9c46c5 100644
--- a/apps/kimi-web/src/i18n/locales/en/settings.ts
+++ b/apps/kimi-web/src/i18n/locales/en/settings.ts
@@ -54,6 +54,8 @@ export default {
   exportLogBtn: 'Export log',
   conversationToc: 'Show conversation outline',
   conversationTocHint: 'Show a clickable outline in the right margin to jump between messages',
+  inlineMath: 'Inline math rendering',
+  inlineMathHint: 'Render $…$ as inline LaTeX in messages; may misfire on prices or variables like $PATH',
   archivedTitle: 'Archived sessions',
   archivedDesc: 'Browse archived sessions, see their workspace path, name, and archive time, and restore them to the session list.',
   archivedSearch: 'Search archived sessions',
diff --git a/apps/kimi-web/src/i18n/locales/zh/settings.ts b/apps/kimi-web/src/i18n/locales/zh/settings.ts
index 3ebdbbe65f..c55ae105d4 100644
--- a/apps/kimi-web/src/i18n/locales/zh/settings.ts
+++ b/apps/kimi-web/src/i18n/locales/zh/settings.ts
@@ -54,6 +54,8 @@ export default {
   exportLogBtn: '导出日志',
   conversationToc: '显示对话目录',
   conversationTocHint: '在右侧显示可点击跳转的对话目录',
+  inlineMath: '行内公式渲染',
+  inlineMathHint: '将消息中的 $…$ 渲染为行内 LaTeX 公式，价格或 $PATH 等变量可能被误识别',
   archivedTitle: '已归档会话',
   archivedDesc: '查看已归档会话，确认其所属工作区路径、会话名称和归档时间，并可恢复到会话列表。',
   archivedSearch: '搜索已归档会话',
diff --git a/apps/kimi-web/src/lib/markdownMath.ts b/apps/kimi-web/src/lib/markdownMath.ts
new file mode 100644
index 0000000000..95d85691f0
--- /dev/null
+++ b/apps/kimi-web/src/lib/markdownMath.ts
@@ -0,0 +1,25 @@
+// apps/kimi-web/src/lib/markdownMath.ts
+// Markdown math-rule policy for chat rendering.
+//
+// `$$…$$` display math (the `math_block` rule) is always left enabled.
+// The single-`$` inline `math` rule is OPT-IN: bare `$` appears constantly in
+// prices, env vars, and shell paths (`$5`, `$PATH`, `$HOME/bin`), and the rule
+// will misdetect those as math and swallow them into a broken formula. Users
+// who want inline `$…$` LaTeX enable it in Settings; everyone else keeps
+// literal `$` text. The toggle is consumed in components/chat/Markdown.vue.
+
+import type { MarkdownIt } from 'markstream-vue';
+
+export interface MathRuleOptions {
+  /** Render `$…$` spans as inline KaTeX. See the misdetection note above. */
+  inline: boolean;
+}
+
+export function configureMathRules(md: MarkdownIt, opts: MathRuleOptions): MarkdownIt {
+  if (opts.inline) {
+    md.inline.ruler.enable('math');
+  } else {
+    md.inline.ruler.disable('math');
+  }
+  return md;
+}
diff --git a/apps/kimi-web/src/lib/storage.ts b/apps/kimi-web/src/lib/storage.ts
index 5cd60760c6..0dd12160a6 100644
--- a/apps/kimi-web/src/lib/storage.ts
+++ b/apps/kimi-web/src/lib/storage.ts
@@ -29,6 +29,10 @@ export const STORAGE_KEYS = {
   // users who explicitly turned it off while it was experimental keep their
   // preference after it became on-by-default.
   conversationToc: 'kimi-web.beta-toc',
+  // Inline `$…$` LaTeX rendering in chat markdown. Off by default — the
+  // single-`$` rule can misdetect prices, env vars, and shell paths
+  // ($5, $PATH, $HOME/bin) as math, so users opt in via Settings.
+  inlineMath: 'kimi-web.inline-math',
   notifyOnComplete: 'kimi-web.notify-on-complete',
   notifyOnQuestion: 'kimi-web.notify-on-question',
   notifyOnApproval: 'kimi-web.notify-on-approval',
diff --git a/apps/kimi-web/test/lib-logic.test.ts b/apps/kimi-web/test/lib-logic.test.ts
index 36f3f8eda7..b8e624536f 100644
--- a/apps/kimi-web/test/lib-logic.test.ts
+++ b/apps/kimi-web/test/lib-logic.test.ts
@@ -5,6 +5,7 @@ import {
   parseFilePathLinkCandidate,
 } from '../src/lib/filePathLinks';
 import { parseDiff } from '../src/lib/parseDiff';
+import { configureMathRules } from '../src/lib/markdownMath';
 import { buildDiffLines } from '../src/lib/diffLines';
 import { buildEditDiffLines } from '../src/lib/toolDiff';
 import { createCoalescedAsyncRunner } from '../src/lib/snapshotSync';
@@ -863,3 +864,40 @@ describe('keepLiveSubagents', () => {
     expect(merged?.outputBytes).toBe(200);
   });
 });
+
+describe('configureMathRules', () => {
+  // Minimal markdown-it stand-in: records ruler enable/disable calls.
+  function fakeMd() {
+    const calls: { op: 'enable' | 'disable'; name: string }[] = [];
+    const md = {
+      inline: {
+        ruler: {
+          disable: (name: string) => {
+            calls.push({ op: 'disable' as const, name });
+            return md;
+          },
+          enable: (name: string) => {
+            calls.push({ op: 'enable' as const, name });
+            return md;
+          },
+        },
+      },
+    };
+    return { md, calls };
+  }
+
+  it('disables the inline `$…$` math rule when inline math is off (default)', () => {
+    const { md, calls } = fakeMd();
+    // Prices, env vars, and shell paths ($5, $PATH, $HOME/bin) must stay
+    // literal, so the default path disables the single-$ inline rule.
+    const out = configureMathRules(md as never, { inline: false });
+    expect(out).toBe(md);
+    expect(calls).toEqual([{ op: 'disable', name: 'math' }]);
+  });
+
+  it('enables the inline `$…$` math rule when the user opts in', () => {
+    const { md, calls } = fakeMd();
+    configureMathRules(md as never, { inline: true });
+    expect(calls).toEqual([{ op: 'enable', name: 'math' }]);
+  });
+});