K
Review
Kalshi
The regulated US event-contract exchange.
Overview
Kalshi is the first federally regulated prediction market in the United States, operating as a designated contract market under the CFTC. Users trade event contracts in USD with bank transfers and debit cards — no crypto required.
Markets cover economics, politics, climate, culture, and sports. Liquidity has grown rapidly since the 2024 election cycle, and Kalshi has become the default destination for US-based prediction traders.
Because Kalshi is regulated, KYC is required and contracts are limited to topics approved by the CFTC.
Key stats
24h volume
$11.9M / day
Liquidity
$95M
Fees
~1%
Pros
- +Fully regulated and US-legal
- +USD deposits via bank or debit card
- +Clean, retail-friendly interface
- +Strong sports and economics coverage
Cons
- −Lower volume than Polymarket
- −KYC required to trade
- −Limited universe of approved contracts
★ Leverage trading
Prefer leverage over regulated contracts?
See Moon for crypto, stock and commodity trading with leverage up to 1000x.
Ready to trade on Kalshi?
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