Kalshi: Trade the Future

KalshiEX LLC

About this app

Kalshi is the largest legal and federally regulated prediction market in the U.S. where you can make money by predicting real-world events, including the new Pro Football season!
It’s like trading stocks - but instead, you’re trading on events you know about. Simply predict whether an event will happen or not, and make money if you’re right.
Join 5M+ users and trade thousands of markets, including finance, politics, weather, culture, and more. Make money 24/7 on the simplest and fastest markets available!
FINANCIALS
Daily S&P 500, Nasdaq 100, WTI oil
ECONOMICS
Fed interest rates, Inflation (CPI), GDP, Recession, Gas prices, Mortgage rates
CLIMATE
Hurricane strength, Daily temperature in many cities, Tornado numbers
CULTURE
Billboard 100, Oscars, Grammys, Emmys, #1 Hits
HOW KALSHI WORKS
Kalshi is the largest federally regulated exchange where you can buy and sell contracts on the outcome of events. For example, NASA announced a manned mission to the moon. Contract prices reflect the view of traders as to the chances of the event happening. You think it's going to happen, so you buy contracts for it. Contracts cost between 1¢ to 99¢, and can be sold at any time. At close, each contract is worth $1 if you’re right.
TRADE SPORTS
Love day trading? Love sports?
Now you can combine both. Kalshi lets you trade on real outcomes across football, baseball, basketball, golf, MMA, tennis and more.
Will Baltimore beat Philly?
Will the total score go over 45?
Trade all your favorite sports with highly liquid markets for every pro football and college football game. The live trading vibrancy of these markets is unrivalled.
HOW IS KALSHI REGULATED?
Kalshi is federally regulated as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC). Kalshi’s affiliate, Kalshi Klear LLC, is a CFTC regulated clearinghouse that provides clearing services for Kalshi. The clearinghouse holds member funds and clears trades.
TRADE YOUR CONVICTIONS
Find markets that align with your interests and opinions. For example, if you think a recession is coming, trade recession and S&P markets. You can finally put your money where your mouth is.
REDUCE FINANCIAL RISK
Hedge against events that might affect your finances. For example, if you hold stocks, trade Fed and inflation markets to protect your portfolio.
KASHI VS. STOCKS
Event contracts are more direct. You trade on the outcome of an event, not the future price of a stock. This means your profits are not tied to the company’s performance. No pattern day trading restrictions. You can trade as much or as little as you want, whenever you want. This gives you more flexibility to manage your risk. In stocks, you can be right and still lose money. The price of a stock is not always based on fundamentals. Other factors, like news or market sentiment, can also affect it.
KALSHI VS. OPTIONS
Event contracts are simpler. Options are complex instruments with many factors that affect their price, making them difficult to predict. Free from time decay. Contract prices reflect the view of traders as to the chances of the event happening, while options lose value over time even if the underlying asset doesn't change in price.
HOW MUCH MONEY DO I NEED TO START?
You can open and maintain a Kalshi account for free. Our markets require less capital than others, making them a great way to diversify your investments without risking too much.
ADVANCED TOOLS & API ACCESS
Build an algorithm in 30 lines of Python code with our starter code and Python package. Get started in minutes with our helpful documentation. Backtest your strategies for free with historical data. Access open-source resources built by our developer community.

Ratings and reviews

not worth the extreme fees. also very difficult to add money. the worst part is how sometimes the odds will change as you place your orders. like for example, you want to buy something with 3% odds? the app will ask you to swipe up to confirm, and tell you the odds are 3%. then, once it goes though, it says you bought it at 4%! now you get significantly less money if you're correct. i understand that odds update constantly, but it should at least tell you that it updated and ask you to reconfirm

Aww, what a shame. First, it apparently needs a lot of personal information, but you can skip that to browse. In doing so, I found several interesting wagers, but the app quickly began to slow. I tried a different area of the app, which was even slower. Soon after, the app crashed my phone. Full automatic hard restart. Just cleaned out over 5g of data too, so the app is definitely the cause. It generates a lot of revenue, what's the problem with the dev team? apple cultists?

The app is fine but the fees are another story. A $24 taker fee on a $550 trade is more expensive than even options trading. I can make markets all day long but no taker wants to pay those fees. So the markets barely move unless the event is actually happening at the time which means it's hard to position for a trade in advance unless you are willing to pay high taker fees. Also, all these negative reviews about not being able to withdraw are starting to make me nervous. Hopefully no ponzi here.

What’s new

Kalshi is America’s #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.