Kalshi vs Azuro
A detailed head-to-head comparison of Kalshi and Azuro — 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 →Azuro
Decentralized prediction & sports-betting infrastructure powering many front-ends
Azuro is a decentralized betting and prediction-market protocol that functions as infrastructure rather than a single consumer app: it provides the on-chain liquidity, oracle, and smart-contract layer…
Full review →Feature Comparison
| Feature | Kalshi | Azuro |
|---|---|---|
| Settlement Mechanism | CFTC-regulated exchange | Oracle + smart contracts |
| Trading Model | Central limit order book | Pooled liquidity (LP) |
| Collateral Token | USD | USDT / stablecoins |
| Min Trade | $1 | $1 |
| Api Access | ✓ | ✓ |
| Embeddable Odds | ✓ | ✓ |
| Geo Restrictions | US-focused (not all countries) | Varies by front-end |
| Market Creation | CFTC-approved only | Protocol-defined |
| Mobile App | ✓ | ✗ |
| Governance Token | ✗ | ✓ |
Kalshi Pricing
Kalshi
Free to trade
Free
- ✓CFTC-regulated
- ✓USD-denominated
- ✓US persons eligible
- ✓1,000+ markets
- ✓API access
Azuro Pricing
Azuro
Free to trade
Free
- ✓Non-custodial
- ✓Multi-chain EVM
- ✓Shared LP liquidity
- ✓Sports + event markets
- ✓AZUR governance token
Verdict: Which Should You Choose?
Kalshi is the better pick if you need cftc-regulated — legally accessible to us persons unlike polymarket. Azuro wins when shared liquidity model solves the cold-start problem. Both are production-ready — the right choice depends on your team's workflow and budget.