Kalshi 17+

Elizabeth

Kashi is a great app and it’s been useful with the predictions and winnings, I’ve been able to go up 75 and more in couple of hours. My only concern and trouble is when I try withdrawing it says (something unexpected happened) I find this strange considering the fact I was able to withdraw previously and now am getting the error. My money shows it’s available to withdraw and still I get that error while trying to withdraw, I need help I’ve sent out emails to support and non was returned. Why is my money available and I can’t withdraw? It’s not on hold or anything like the 3 days hold for debit card the hold has been cleared already and this money I won from betting and it wasn’t made from a debit card deposit. I would give a 5 star once my account has been fixed and able to withdraw. For now I’d leave a 4 star considering the app has been great aside from this current experience.

Developer Response ,

Hey, thanks for sharing your feedback! I'm sorry to hear you had this experience. This definitely shouldn't be happening, and we appreciate you bringing it to our attention. If you are still having any difficulties with this, please reach out to our team at support@kalshi.com so we can assist you directly and resolve this as soon as possible.

- Kalshi Team

App is really smooth. Better and cleaner than other brokers

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.

Disappointing Experience Due to Low Liquidity and High Fees

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?