Kalshi
CFTC-regulated US exchange for event contracts on economics, politics, sports and more, with crypto deposits.
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Kalshi key facts
| Category | Prediction market |
|---|---|
| Platforms | Web, iOS, Android, API |
| Custody | Custodial |
| US availability | Yes, CFTC-regulated Designated Contract Market |
| Fees | Transaction fee on the contract's expected earnings |
What is Kalshi?
Kalshi is a US exchange for event contracts, regulated by the CFTC as a Designated Contract Market. It earns a transaction fee based on a contract's expected earnings rather than taking positions. Crypto deposits are available to US and international users.
Kalshi alternatives
Other projects people compare with Kalshi.
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Prediction exchange for macro data, news and event outcomes, with an order book where only takers pay fees.
Peer-to-peer sports prediction market where users bet against each other in USDC through an order book.
Kalshi pros and cons
- Regulated by the CFTC as a Designated Contract Market
- Crypto deposits for US and international users
- Also supports bank, card, PayPal and Cash App deposits
- Custodial account with identity verification
- ACH, PayPal and Venmo unavailable to international users
- Fee depends on contract price; full schedule is a PDF
Kalshi FAQ
What is Kalshi?
Kalshi is a US exchange for event contracts, regulated by the CFTC as a Designated Contract Market. It earns a transaction fee based on a contract's expected earnings rather than taking positions. Crypto deposits are available to US and international users.
How much does Kalshi cost?
Transaction fee on the contract's expected earnings, according to Kalshi’s own page (checked Sep 26, 2026).
Is Kalshi available in the US?
Yes, CFTC-regulated Designated Contract Market, according to Kalshi’s own page (checked Sep 26, 2026).
Does Kalshi hold my funds?
Yes. Kalshi is custodial: it holds the keys to your balance.
Sources
How this page works
Sources: Kalshi: official site, Kalshi: How is Kalshi regulated?, Kalshi: How does Kalshi make money?. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.