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Last Updated: 4 January 56928

Kalshi is the first CFTC-regulated prediction market exchange in the US. Trade on real-world events including economics, politics, weather, and more with contracts that pay out based on outcomes.

Market Coverage

Our analysis of market variety including politics, economics, sports, and entertainment

48/50

Usability

Our assessment of the platform interface, ease of trading, and overall user experience

45/50

Mobile App

Our take on the mobile trading experience for iOS and Android devices

44/50

Fees

Our breakdown of trading fees, withdrawal costs, and overall value

43/50
Pros
Fully CFTC-regulated - highest level of US legal protection
Wide variety of event categories (politics, economics, weather, sports)
Robinhood integration for easy funding and trading
No crypto required - trade with USD
Transparent pricing with real-time order books
Cons
Higher fees compared to offshore platforms
Some markets have limited liquidity
Position limits on certain high-profile events
Mobile app less polished than web platform

About Kalshi

Kalshi is the first CFTC-regulated prediction market exchange in the US. Trade on real-world events including economics, politics, weather, and more with contracts that pay out based on outcomes.

Regulatory Status

Status: Full CFTC DCM (Designated Contract Market)

US Legal: Yes

FAQs