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 soccer, baseball, golf, and other sports. 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.
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
Kalshi lets you trade on real sports outcomes across football, baseball, basketball, golf, MMA, tennis, and more.
Trade pro and college sports with highly liquid prediction markets.
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. Access open-source tools from the Kalshi developer community.
18+ only. Restrictions and eligibility requirements apply. Trading event contracts and trading leveraged products, including perpetual futures, involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Additional perpetual contract offerings are subject to applicable regulatory review and approval, and availability may vary.
Leverage amplifies both potential gains and potential losses, and losses can exceed the amount deposited. Leverage limits are determined by KalshiEX LLC or the FCM based on its own risk assessment and each customer's individual risk profile, and are subject to change.
Pros: Love the app. Finally something different from traditional sports betting. The best part is anyone can win hundreds or even thousands of dollars with $10 or less. If you get really good you can make a legit living off just this app and make more than enough to pay your bills and quit your job. ( I don’t recommend doing that, but some people are just that good and make millions.) You can bet on ANYTHING, not just sports. So if you’re good with politics or economics, even the weather, you can make money. Cons: Very addicting, you can lose money fast, sometimes it feels like they rig certain bets although it’s highly illegal so they most likely don’t, but when you lose a bet that has an 80% win rate, it can definitely feel that way. The new interface after the update…I hate both the way the app looks and feels, the old one was so much easier to understand, and navigate. I got used to the old one already, then they change everything around, and from the people I know that use the app, I’m not the only one that thinks that, many feel the same way. Please go back to the way the app was before this update ! 🙏🏻If you got a few bucks to spare, and wanna try to win some money I highly recommend this app. If your addicted to gambling, stay FAR, FAR AWAY! Anyways, this is my new favorite app to make money for like a side hustle where I can make legit money and a significant amount, not just a couple bucks here and there, just go back to the old layout and interface, PLEAASSEEE!!!
Developer Response
Thanks for the feedback! For the connectivity issue, you might want to reach out to your phone carrier to see if there might be a reason this is happening, as it's most likely not something on Kalshi's end.Great to hear you're enjoying the app overall!Thanks for using Kalshi!
Great but never impoving
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%.
Play safe and smart, be careful
A. Lee In a Pickle
Would be great to have a feature that can detect if a phone dies, loses signal, or the connection fails, etc, right after a bet is placed, (say within 30 seconds) the bet is cancelled and funds returned to wallet. Just a thought. Would have saved me from a panic attack this morning.My phone, a 1 year old iPhone 16e (garbage phone, do not buy) has poor genetics, and inherited battery health issues. It demands being plugged in 24/7 or it will shut off after 30 seconds, go from the 100% to 10% when rebooted, and repeat. I bet on 15min BTC market, and often I will make a bet and cash out rather quickly, before the round ends. I lost all my money this morning after getting in, holding probably 20-30 seconds, and as I go to cash out my phone dies at the exact moment. There was only roughly <2 minutes left, which is how long it took me to plug in and turn my phone back on. Towards the end of the remaining time the outcome had flipped. I intended to cash out 1+ minutes before that even happened. I, honest to god, was going to withdraw half the money in my walllet right after the bet too to pay bills that are due today. Now I’m screwed.
Fishy sometimes
Edschw^b
At first it was great app ran smooth, nothing ever lagged was easy to make money. Then after like 20k in profits, my phone started to overheat anytime I would open Kalshi, I would literally have to delete the app sometimes and re download it in the middle of a game because it would just Brick my phone. I thought maybe just coincidence, then it started to happen that when I was up on a bet, and wanted to get out it would just tell me that the odds had changed and to re submit my order over and over, and then sit there “processing” when I would submit an order to exit a bet when I was up a little bit thinking the game was about to flip. Too many coincidences to not feel like at this point it’s almost forcing me to lose on bets by not letting me exit by cashing out. And next thing you know I’m losing money and oh now it will let my order to cash out go through! Haha what?!? So I can’t cash out when I’m up but suddenly goes through when I’m at a loss without any lags or “odds have changed resubmit your order” I get it Kalshi needs to make money I guess and when they can’t have everyone winning. But it makes me not want to bet now so where you had someone like me every day betting and transferring money in and out, paying fees to deposit money, fees on each bet entry and exit, now I’d rather not. I can’t even leave the app downloaded on my phone because it drains the battery so much running in background
Developer Response
Kalshi is an exchange — orders match against other traders, and we don't take the other side of any position. If the market price moves before an order fills, the app asks you to re-submit at the new price. For the performance and order issues you describe, please email support@kalshi.com so we can review your account activity.
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 9.9.114
The developer, KalshiEX LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
Browsing History
Identifiers
Usage Data
Other Data
Data Linked to You
The following data may be collected and linked to your identity:
Financial Info
Contact Info
Browsing History
Identifiers
Usage Data
Diagnostics
Other Data
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Accessibility
The developer has not yet indicated which accessibility features this app supports. Learn More
Information
Seller
KALSHI INC.
Size
329 MB
Category
Finance
Compatibility
Requires iOS 15.0 or later.
iPhone Requires iOS 15.0 or later.
iPod touch Requires iOS 15.0 or later.
Mac Requires macOS 12.0 or later and a Mac with Apple M1 chip or later.
Languages
English
Age Rating
18+
18+
This app is rated 18+ with content restrictions.
Some content may be rated higher, and may therefore be restricted and managed by the developer through in-app controls.