Kalshi

KalshiEX LLC

About this app

Kalshi is the only legal and largest prediction market in the U.S. where you can make money by predicting real-world events. 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 1M+ users and trade in over 300 markets including finance, politics, weather, culture, and more. Make money 24/7 on the simplest and fastest markets available!
FINANCIALS
Daily S&P500, Nasdaq-100, Forex (EUR/USD, USD/JPY), WTI oil
POLITICS
Debt crisis, Biden approval rating, Court cases, Government shutdown
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, Bud Light sales
COLLECTIBLES AND GAMES
Watch prices, shoes prices, GTA6 Release date
HOW KALSHI WORKS
Kalshi is the first 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.
HOW IS KALSHI REGULATED?
Kalshi is federally regulated as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC). LedgerX LLC is a CFTC regulated clearinghouse that provides clearing services for Kalshi. The clearinghouse holds members 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

This app is terrible. The customer service is beyond horrible. Only an email to reach out if you have an issue. On top of this, the withdrawal process to get your money put is completely bugged out. I thought I was putting money back into my bank account only to realize they tricked me and took more money out of my account! This app is a scam and has possibly the worst customer service ever. Definitely not recommend. They will take your money and you will not see it again!

I like Kalshi on PC but I find the mobile app non intuitive and don't really find myself even wanting to mess around with it to figure it out because I find it almost to much trouble to be worth. I find trying to look at the order book on multiple contracts difficult to navigate to also. I see it was recently revamped , but again , I still find it too much trouble to bother with when I can just hop on the PC for a better experience in my opinion.

Deposits locked for 10 days, including wins, I guess, also lots of little fees that eat away at your bet and profit. There is clear, and admitted market manipulation for things like weather and music streaming numbers. The app crashes frequently, there are many bugs regarding the loading and updating of content. Overall, the risk is not worth it. The low trade volume makes all of Kalshi's markets trivial to manipulate. The app is a huge red flag and I don't see it being around in a few years.

What's new

Kalshi is the only legal and largest prediction markets in the US, where you can make money by predicting events. It’s like trading stock, but you’re predicting things that you know about. You predict that an event will happen or not, and you make money if you’re right.