Kalshi is the first CFTC-regulated prediction market in the US. Unlike offshore prediction markets such as Polymarket, Kalshi is fully legal for US residents and regulated as a designated contract market (DCM). Users can bet on the outcome of events — economic data, sports, elections, weather — using US dollars with the same consumer protections as any regulated financial exchange.
How does Kalshi compare to Polymarket?
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Both are prediction markets but they differ on regulation. Kalshi is US-regulated (CFTC) and uses USD; Polymarket is offshore and uses USDC crypto. Kalshi has fewer markets but full US legal access. Polymarket has higher liquidity on political and sports markets and no geographic restrictions in practice, but carries regulatory risk for US users and relies on decentralized resolution that occasionally causes disputes.
