Kalshi vs Sporttrade
A detailed head-to-head comparison of Kalshi and Sporttrade — 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 →Sporttrade
US-regulated sports prediction exchange with real-time tradable prices
Sporttrade is a US-regulated sports betting exchange that reframes sports wagering as trading: instead of taking fixed odds from a sportsbook, users buy and sell shares in outcomes at real-time market…
Full review →Feature Comparison
| Feature | Kalshi | Sporttrade |
|---|---|---|
| Settlement Mechanism | CFTC-regulated exchange | Regulated exchange |
| Trading Model | Central limit order book | Order book (exchange) |
| Collateral Token | USD | USD |
| Min Trade | $1 | $1 |
| Api Access | ✓ | ✗ |
| Embeddable Odds | ✓ | ✗ |
| Geo Restrictions | US-focused (not all countries) | Licensed US states only |
| Market Creation | CFTC-approved only | Exchange-approved |
| Mobile App | ✓ | ✓ |
| Governance Token | ✗ | ✗ |
Kalshi Pricing
Kalshi
Free to trade
Free
- ✓CFTC-regulated
- ✓USD-denominated
- ✓US persons eligible
- ✓1,000+ markets
- ✓API access
Sporttrade Pricing
Sporttrade
Free to trade
Free
- ✓US-regulated sports exchange
- ✓Real-time tradable prices
- ✓Cash out / trade before event ends
- ✓Real USD
- ✓Mobile app
Verdict: Which Should You Choose?
Kalshi is the better pick if you need cftc-regulated — legally accessible to us persons unlike polymarket. Sporttrade wins when legal, us-regulated sports exchange. Both are production-ready — the right choice depends on your team's workflow and budget.