Hi. No you don't. The pedals that come with the bike are Delta pedals so you will need bike shoes (which need to have three holes vs. two holes on the sole) and delta compatible cleats. I personally like wearing mountain bike shoes because they're more comfortable and easier to walk around the house when not on the bike.
Peloton Bike shoes: The Peloton Bike uses Delta-compatible cleats, which you can affix to the bottom of our Peloton shoes or any pair of bike shoes with a 3-screw hole setup. We encourage you to u...