Manifold Markets vs Kalshi
A detailed head-to-head comparison of Manifold Markets and Kalshi — pricing, features, and which one wins for different use cases.
Manifold Markets
Permissionless prediction market platform where anyone can create markets on anything
Manifold Markets is a permissionless prediction market platform where any user can create a binary, multiple-choice, free-response, or numeric market on any topic in under 60 seconds — no coding requi…
Full review →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 →Feature Comparison
| Feature | Manifold Markets | Kalshi |
|---|---|---|
| Settlement Mechanism | Manual creator resolution | CFTC-regulated exchange |
| Trading Model | CFMM (CPMM) | Central limit order book |
| Collateral Token | Play money (Mana) / Sweep | USD |
| Min Trade | M$10 (~free) | $1 |
| Api Access | ✓ | ✓ |
| Embeddable Odds | ✓ | ✓ |
| Geo Restrictions | None (sweepstakes mode) | US-focused (not all countries) |
| Market Creation | Permissionless | CFTC-approved only |
| Mobile App | ✓ | ✓ |
| Governance Token | ✗ | ✗ |
Manifold Markets Pricing
Manifold Markets
Free
Free
- ✓Unlimited market creation
- ✓Play-money (Mana)
- ✓Sweepstakes real prizes
- ✓API access
- ✓Embeds
- ✓Mobile app
Manifold Markets
Manifold for Business
Custom
- ✓Private internal markets
- ✓Custom branding
- ✓Team analytics
- ✓Dedicated support
Kalshi Pricing
Kalshi
Free to trade
Free
- ✓CFTC-regulated
- ✓USD-denominated
- ✓US persons eligible
- ✓1,000+ markets
- ✓API access
Verdict: Which Should You Choose?
Manifold Markets is the better pick if you need fully permissionless — create any market on any topic in under 60 seconds. Kalshi wins when cftc-regulated — legally accessible to us persons unlike polymarket. Both are production-ready — the right choice depends on your team's workflow and budget.