Kalshi vs Overtime Markets
A detailed head-to-head comparison of Kalshi and Overtime Markets — 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 →Overtime Markets
Decentralized on-chain sportsbook built on the Thales protocol
Overtime Markets is a decentralized, on-chain sports-betting platform built on top of the Thales protocol, offering a genuinely non-custodial alternative to traditional sportsbooks. Users bet on real …
Full review →Feature Comparison
| Feature | Kalshi | Overtime Markets |
|---|---|---|
| Settlement Mechanism | CFTC-regulated exchange | Chainlink + decentralized oracles |
| Trading Model | Central limit order book | AMM / positional |
| Collateral Token | USD | USDC / stablecoins |
| Min Trade | $1 | $1 |
| Api Access | ✓ | ✓ |
| Embeddable Odds | ✓ | ✓ |
| Geo Restrictions | US-focused (not all countries) | Restricted jurisdictions |
| Market Creation | CFTC-approved only | Permissioned |
| Mobile App | ✓ | ✓ |
| Governance Token | ✗ | ✓ |
Kalshi Pricing
Kalshi
Free to trade
Free
- ✓CFTC-regulated
- ✓USD-denominated
- ✓US persons eligible
- ✓1,000+ markets
- ✓API access
Overtime Markets Pricing
Overtime Markets
Free to trade
Free
- ✓Decentralized sportsbook
- ✓Non-custodial, no traditional KYC
- ✓Multi-chain (OP, Arbitrum, Base)
- ✓Oracle-settled outcomes
- ✓Built on Thales
Verdict: Which Should You Choose?
Kalshi is the better pick if you need cftc-regulated — legally accessible to us persons unlike polymarket. Overtime Markets wins when genuinely non-custodial sports betting. Both are production-ready — the right choice depends on your team's workflow and budget.