Kalshi vs Augur
A detailed head-to-head comparison of Kalshi and Augur — pricing, features, and which one wins for different use cases.
Kalshi
The first CFTC-regulated event contracts exchange — legally trade on economic and political outcomes in the US
Kalshi is the only CFTC-regulated event contracts exchange in the United States, licensed after a multi-year legal process that concluded in 2023 and allowed it to offer prediction markets on election…
Full review →Augur
The original decentralized prediction market protocol on Ethereum with permissionless market creation
Augur is the first decentralized prediction market protocol, launched on Ethereum in 2018 after one of the largest ICOs of its era. It pioneered the concept of permissionless market creation where any…
Full review →Feature Comparison
| Feature | Kalshi | Augur |
|---|---|---|
| Settlement Mechanism | CFTC-regulated exchange | REP token oracle + dispute |
| Trading Model | Central limit order book | AMM + order book |
| Collateral Token | USD | DAI |
| Min Trade | $1 | Gas cost minimum |
| Api Access | ✓ | ✓ |
| Embeddable Odds | ✓ | ✗ |
| Geo Restrictions | US-focused (not all countries) | None |
| Market Creation | CFTC-approved only | Permissionless |
| Mobile App | ✓ | ✗ |
| Governance Token | ✗ | ✓ |
Kalshi Pricing
Kalshi
Free to trade
Free
- ✓CFTC-regulated
- ✓USD-denominated
- ✓US persons eligible
- ✓1,000+ markets
- ✓API access
Augur Pricing
Augur
Free (gas costs only)
Free
- ✓Permissionless markets
- ✓REP oracle resolution
- ✓Ethereum mainnet
- ✓Open protocol
- ✓DAI collateral
Verdict: Which Should You Choose?
Kalshi is the better pick if you need cftc-regulated — legally accessible to us persons unlike polymarket. Augur wins when pioneer protocol — foundational architecture reference for all modern prediction markets. Both are production-ready — the right choice depends on your team's workflow and budget.