Kalshi vs PredictIt
Kalshi and PredictIt belong to the same family: market depth and resolution reliability decide it. In our editorial rating Kalshi leads (4.3 vs 3.4). Remember that prediction-market liquidity concentrates on few events: before choosing, check the spread on the markets you actually care about.
| Kalshi | PredictIt | |
|---|---|---|
| Tier | A | B |
| Rating | ★ 4.3 | ★ 3.4 |
| Trading fee | 1.75% | 10% |
| Maker fee | 0.44% | Free |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| Market resolution | Regulated (CFTC) | Regulated (CFTC) |
| Liquidity model | CLOB | CLOB |
| Market categories | Politics, Sports, Crypto, Economy, Culture/Entertainment, Science/Tech, Weather, Other | Politics, Economy |
| Leverage available | No | No |
| Settlement token | USD | USD |
| Fiat on-ramp | Yes | Yes |
| KYC | Full | Full |
| Supported countries | US · 1+ countries | US · 1+ countries |
| Regulator | CFTC | CFTC (no-action letter) |
| OAM Italy registration | No | No |
| Segment | B2C | B2C |
| Past incidents | Legal battle with the CFTC over election markets, won in federal court in September 2024 · Multiple state lawsuits over sports contracts (2025–2026) | August 2022: the CFTC withdraws the no-action letter and orders a wind-down · January 2023: Fifth Circuit injunction allowing continued operation · 2025: settlement with the CFTC and amended no-action letter (Letter 25-20) |
| Active markets | — | 250+ |
| Regions | US | US |
| Licences & safety | CFTC Designated Contract Market (DCM) | CFTC no-action letter (Letter 25-20, lug 2025) |
Frequently asked questions
Kalshi vs PredictIt: which is better?
Kalshi and PredictIt belong to the same family: market depth and resolution reliability decide it. In our editorial rating Kalshi leads (4.3 vs 3.4). Remember that prediction-market liquidity concentrates on few events: before choosing, check the spread on the markets you actually care about.
Is Kalshi custodial or self-custody?
Kalshi is custodial: funds are held by the platform, while PredictIt is custodial.