Kalshi vs PredictIt
A detailed head-to-head comparison of Kalshi and PredictIt — 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 →PredictIt
Long-running US political prediction market run for academic research
PredictIt is one of the longest-running prediction markets in the US, operated as a research project (historically in partnership with Victoria University of Wellington) and focused primarily on polit…
Full review →Feature Comparison
| Feature | Kalshi | PredictIt |
|---|---|---|
| Settlement Mechanism | CFTC-regulated exchange | Platform resolution |
| Trading Model | Central limit order book | Order book (capped) |
| Collateral Token | USD | USD |
| Min Trade | $1 | $1 |
| Api Access | ✓ | ✓ |
| Embeddable Odds | ✓ | ✓ |
| Geo Restrictions | US-focused (not all countries) | US-focused |
| Market Creation | CFTC-approved only | Platform-approved |
| Mobile App | ✓ | ✓ |
| Governance Token | ✗ | ✗ |
Kalshi Pricing
Kalshi
Free to trade
Free
- ✓CFTC-regulated
- ✓USD-denominated
- ✓US persons eligible
- ✓1,000+ markets
- ✓API access
PredictIt Pricing
PredictIt
Free to trade (fees apply)
Free
- ✓Real USD markets
- ✓US political focus
- ✓5% profit fee + 5% withdrawal fee
- ✓Per-market position caps
- ✓Long historical record
Verdict: Which Should You Choose?
Kalshi is the better pick if you need cftc-regulated — legally accessible to us persons unlike polymarket. PredictIt wins when long-running, widely-cited us political market. Both are production-ready — the right choice depends on your team's workflow and budget.