Kalshi: Sports, Culture & More

Name: Kalshi: Sports, Culture & More
Rating: 4.7 (45877 reviews)
Author: KalshiEX LLC

Trade NFL, NBA, Crypto, Tech

Only for iPhone

Free · Designed for iPhone

46K Ratings
Ages

18+
Years
Category

Finance
Developer

KalshiEX LLC
Language

EN
English
Size

205.2
MB

iPhone

Kalshi is the largest legal and federally regulated prediction market app in the U.S. where you can make money by predicting real-world events, including the Pro Football and Pro Basketball season. Trade real outcomes in a federally regulated prediction market. Perfect for sports trading, event trading, forecasting, futures-style markets, and real-world predictions. It’s like trading stocks — but instead, you trade on events you understand. Predict whether an event will happen or not, and earn money if you’re right. Join 10M+ users trading thousands of prediction markets across finance, weather, culture, sports, and more. Make money 24/7 on fast, simple event markets. FINANCIAL MARKETS Daily S&P 500, Nasdaq 100, WTI oil ECONOMIC MARKETS Fed interest rates, Inflation (CPI), GDP, Recession, Gas prices, Mortgage rates CLIMATE MARKETS Hurricane strength, Daily city temperatures, Tornado numbers CULTURE MARKETS Billboard 100, Oscars, Grammys, Emmys, #1 Hits HOW KALSHI WORKS Kalshi is the largest federally regulated prediction exchange where you buy and sell contracts based on event outcomes. Example: NASA announces a manned mission to the moon. Contract prices reflect trader probability estimates. If you think the event will happen, you buy contracts. Contracts cost between 1¢ and 99¢ and can be sold anytime. At market close, each correct contract is worth $1. TRADE SPORTS Love day trading? Love sports? Kalshi lets you trade on real sports outcomes across football, baseball, basketball, golf, MMA, tennis, and more. Will Baltimore beat Philly? Will the total score go over 45? Trade pro and college sports with highly liquid prediction markets. Experience live sports trading with unmatched market activity. HOW IS KALSHI REGULATED? Kalshi is federally regulated as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC). Kalshi’s affiliate, Kalshi Klear LLC, is a CFTC-regulated clearinghouse that holds member funds and clears trades. TRADE YOUR CONVICTIONS Find prediction markets that match your views. If you think a recession is coming, trade recession and S&P markets. Put your money behind your forecasts. REDUCE FINANCIAL RISK Hedge against events that could impact your finances. If you hold stocks, trade Fed and inflation markets to help protect your portfolio. KALSHI VS. STOCKS Event contracts are direct. You trade the outcome of an event, not the future stock price of a company. Profits are not tied to company performance. No pattern day trading restrictions. Trade as much or as little as you want, anytime. In stock trading, you can be right and still lose money due to market sentiment or news. Prediction markets remove that layer. KALSHI VS. OPTIONS Event contracts are simpler. Options pricing depends on multiple complex factors. Kalshi contracts reflect straightforward event probabilities. No time decay. If the event odds stay the same, contract value stays stable. HOW MUCH MONEY DO I NEED TO START? Open and maintain a Kalshi account for free. Prediction markets require less capital than traditional trading, making it easier to diversify without risking large amounts. ADVANCED TOOLS & API ACCESS Build trading algorithms in Python with starter code and a dedicated package. Start in minutes with documentation. Backtest strategies using historical data. Access open-source tools from the Kalshi developer community. WHO KALSHI IS FOR Sports fans who want to trade real game outcomes Traders looking for federally regulated prediction markets Investors hedging financial risk with event contracts Forecasters who want to profit from real-world predictions Developers building automated trading strategies

Events

LIVE EVENT

Pro Basketball Trading Hub

Trade futures with SGA vs Jokic, Flagg vs Knueppel. Or the nightly action. The pro hoops trading markets live on Kalshi.
LIVE EVENT

Trading Torrey Pines

Millions trade on the weekly PGA markets. Follow the live action for the $9.6M Farmers, from now until Sunday.
LIVE EVENT

Australian Open Finals

Finals night delivers peak liquidity. Follow super-fast live markets as momentum swings point by point.

Ratings & Reviews

4.7

out of 5

46K Ratings

App is really smooth. Better and cleaner than other brokers
09/18/2022

rickmoez
Events trading is really sick. I’ve added them to my portfolio as a way to get more precise exposure on a number of factors that go into a stock. I wouldn’t be surprised if this trading instrument becomes massive. The company has a lot of educational material, which made it easy to onboard and trade safely. I also like that there is no leverage right now, which makes it simpler and more safe. But I hope the company introduces leverage later down the line as traders build a track record. The app flows well. It’s easy to understand and manage one’s exposure. I also like using the order book functionality: it’s much better than other brokers like IBKR for example, where the interface is so confusing and convoluted.
App is really smooth. Better and cleaner than other brokers
09/18/2022

rickmoez

Events trading is really sick. I’ve added them to my portfolio as a way to get more precise exposure on a number of factors that go into a stock. I wouldn’t be surprised if this trading instrument becomes massive. The company has a lot of educational material, which made it easy to onboard and trade safely. I also like that there is no leverage right now, which makes it simpler and more safe. But I hope the company introduces leverage later down the line as traders build a track record. The app flows well. It’s easy to understand and manage one’s exposure. I also like using the order book functionality: it’s much better than other brokers like IBKR for example, where the interface is so confusing and convoluted.
Great but never impoving
11/22/2025

Echo3VX
Kalshi hosts such a fun and legit market. It’s generally easy to use and absolutely worth a try. Unfortunately every update seems to make the app worse, mostly with awful UI choices that feel like they’re targeted at making users struggle more. Within the last month, you can fit significantly less information on your screen. Features such as the easy to understand profit that updates live such as simply saying 100->156 is now pushed onto a separate screen rather than on the live score page. This is the biggest downside recently, as it takes away a lot of confidence to place bets when you can’t see the live percentages, score, graph, and profits all on the same page anymore. In sports, the teams you’re betting on seem to be intentionally listed out of order at every chance they get. Jets @ Bears in the title and maybe on the scoreboard too, then the buttons to bet are listed as Bears first then Jets. These inconsistencies are everywhere. Some categories don’t get a lot of love. Tennis commonly has matches simply never appear. And the recent cherry on top to bad updates, is that the percentages are almost never accurate to each other on screen. The graph might show Jets 37% and Bears 63%, while the buttons show Jets 56% and Bears 56% commonly not equalling 100%.
Great but never impoving
11/22/2025

Echo3VX

Kalshi hosts such a fun and legit market. It’s generally easy to use and absolutely worth a try. Unfortunately every update seems to make the app worse, mostly with awful UI choices that feel like they’re targeted at making users struggle more. Within the last month, you can fit significantly less information on your screen. Features such as the easy to understand profit that updates live such as simply saying 100->156 is now pushed onto a separate screen rather than on the live score page. This is the biggest downside recently, as it takes away a lot of confidence to place bets when you can’t see the live percentages, score, graph, and profits all on the same page anymore. In sports, the teams you’re betting on seem to be intentionally listed out of order at every chance they get. Jets @ Bears in the title and maybe on the scoreboard too, then the buttons to bet are listed as Bears first then Jets. These inconsistencies are everywhere. Some categories don’t get a lot of love. Tennis commonly has matches simply never appear. And the recent cherry on top to bad updates, is that the percentages are almost never accurate to each other on screen. The graph might show Jets 37% and Bears 63%, while the buttons show Jets 56% and Bears 56% commonly not equalling 100%.
Cool exchange, Awful app
6d ago

Bibster111
I’m enjoying trading on Kalshi - lots of markets, lots of opportunities if you know what you’re doing. But the app is AWFUL. Like “regulators should step in” awful. It doesn’t display positions properly, often requiring the app to be force closed before the positions will display properly. Confirmations come in and then aren’t reflected in the app - orders that have been filled often still show as open, again until the app is force closed and reopened.If you raise this to support, they just tell you to use the web or redownload the app. That is NOT acceptable. Kalshi MUST fix this - traders cannot be put in a position where the exchange’s own app is showing incorrect order and position info - this is completely unacceptable for a regulated entity like Kalshi.Also, they really need to clarify some of their rules. A trader should be able to read the full rules and understand what they are trading - it is unacceptable for there to be hidden rules and interpretations that are only found out when contracts expire. I can take advantage of this since I know how it works, but it’s just not how a market should operate.
Cool exchange, Awful app
6d ago

Bibster111

I’m enjoying trading on Kalshi - lots of markets, lots of opportunities if you know what you’re doing. But the app is AWFUL. Like “regulators should step in” awful. It doesn’t display positions properly, often requiring the app to be force closed before the positions will display properly. Confirmations come in and then aren’t reflected in the app - orders that have been filled often still show as open, again until the app is force closed and reopened.If you raise this to support, they just tell you to use the web or redownload the app. That is NOT acceptable. Kalshi MUST fix this - traders cannot be put in a position where the exchange’s own app is showing incorrect order and position info - this is completely unacceptable for a regulated entity like Kalshi.Also, they really need to clarify some of their rules. A trader should be able to read the full rules and understand what they are trading - it is unacceptable for there to be hidden rules and interpretations that are only found out when contracts expire. I can take advantage of this since I know how it works, but it’s just not how a market should operate.
Disappointing Experience Due to Low Liquidity and High Fees
10/09/2024

Anonymous11223321
I've been using the Kalshi app for a while now, and unfortunately, it has been a pretty underwhelming experience. The biggest issue is the extremely low liquidity. It’s difficult to find markets with enough participants, and even when you do, the order books are so thin that getting in or out of a position without significant slippage is nearly impossible. This defeats the purpose of trying to trade predictions on real-world events, as the lack of activity makes the app feel almost unusable at times.On top of that, the fees are really high relative to what you can potentially earn. When you combine the low liquidity with the high costs, it becomes hard to justify any meaningful participation. Even if you manage to make some correct predictions, the fees eat into your profits so much that it hardly feels worth it.Overall, Kalshi has a promising concept, but with its current liquidity issues and costly fees, it’s not a platform I can recommend for anyone looking to actively trade event predictions. Hopefully, these issues get addressed, but for now, the app just doesn’t deliver.

Developer Response
Hey there, we are so sorry that you had this experience. Can you please email us at support@kalshi.com so we can look into this and fix it for you?
Disappointing Experience Due to Low Liquidity and High Fees
10/09/2024

Anonymous11223321

I've been using the Kalshi app for a while now, and unfortunately, it has been a pretty underwhelming experience. The biggest issue is the extremely low liquidity. It’s difficult to find markets with enough participants, and even when you do, the order books are so thin that getting in or out of a position without significant slippage is nearly impossible. This defeats the purpose of trying to trade predictions on real-world events, as the lack of activity makes the app feel almost unusable at times.On top of that, the fees are really high relative to what you can potentially earn. When you combine the low liquidity with the high costs, it becomes hard to justify any meaningful participation. Even if you manage to make some correct predictions, the fees eat into your profits so much that it hardly feels worth it.Overall, Kalshi has a promising concept, but with its current liquidity issues and costly fees, it’s not a platform I can recommend for anyone looking to actively trade event predictions. Hopefully, these issues get addressed, but for now, the app just doesn’t deliver.
Developer Response 10/12/2024
Hey there, we are so sorry that you had this experience. Can you please email us at support@kalshi.com so we can look into this and fix it for you?

Kalshi is America's #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.

Version 9.9.15

5d ago

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Kalshi: Sports, Culture & More

Trade NFL, NBA, Crypto, Tech

Events

Ratings & Reviews

What’s New

Version 9.9.15

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Data Used to Track You

Data Linked to You

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