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Kalshi Review

Prediction Markets · Official site ↗

A+
Risk grade

CFTC-regulated prediction market — fiat rails, US-legal

Best for: US users wanting legal event contract trading with fiat rails

TVL
$150.00M
APY Range
Variable
Founded
2021
Chains
off-chain (CFTC-regulated)

Risk Assessment

Only CFTC-regulated event contract exchange in the US. Fiat settlement, no smart contract risk.

Audits & security reviews
CFTC-regulated DCM

Fees

Trading0% on most markets
WithdrawalFree for bank ACH

Strengths

  • Only CFTC-regulated event contract exchange in the US
  • Fiat rails — bank transfer/USD
  • No smart contract risk
  • Strong crypto + sports coverage

Weaknesses & Risks

  • !US-only
  • !Not crypto-native — no on-chain settlement
  • !Slower market resolution vs Polymarket

Kalshi FAQ

What is Kalshi?

Kalshi is a prediction markets founded in 2021 on off-chain (CFTC-regulated). CFTC-regulated prediction market — fiat rails, US-legal

Is Kalshi safe?

DifiCalc risk grade: A+. Only CFTC-regulated event contract exchange in the US. Fiat settlement, no smart contract risk. Audits: CFTC-regulated DCM. As with all DeFi, smart-contract and market risk remains — never deposit more than you can afford to lose.

What fees does Kalshi charge?

Trading: 0% on most markets. Withdrawal: Free for bank ACH.

Run the numbers yourself

Model a real Kalshi position with our free yield calculator — no signup.

Information last reviewed in 2026. APY figures are indicative ranges from protocol data and may differ from live rates. This page is for informational purposes only and is not financial advice.