Alternatives · updated July 2026

Best Kalshi alternatives

Independent picks for US traders looking for an alternative to Kalshi. Ranked by our composite methodology — regulation, market breadth, fees, liquidity and user experience.

Editorial disclosure. HunchMarkets may earn a commission when readers sign up via our links. Our rankings, ratings and methodology are decided independently of commercial relationships.
ForecastEx logo

#01

ForecastEx

An exchange-grade forecast market owned by Interactive Brokers.

4.4/5Brokerage-grade access via Interactive Brokers CFTC-regulated

ForecastEx is a CFTC-regulated exchange majority-owned by Interactive Brokers. It offers Yes/No forecast contracts on macroeconomic, climate and political events, with order routing through IBKR's platform.

Metaculus logo

#02

Metaculus

Community forecasting platform focused on calibration and long-horizon questions.

4.4/5Serious forecasters Non-profit / educational

Polymarket logo

#03

Polymarket

The largest crypto-settled prediction market for global events.

4.3/5Deepest liquidity and largest market variety Offshore

Polymarket is the largest information market in the world, settling Yes/No event contracts in USDC on the Polygon blockchain. It is widely cited in mainstream coverage for its political and macroeconomic markets, but is not available to US residents.

Manifold Markets logo

#04

Manifold Markets

Play-money prediction market platform with real communities and calibration data.

4.3/5Forecasters and researchers Play-money / sweepstakes

Underdog Fantasy logo

#05

Underdog Fantasy

Daily fantasy and pick-em products, adjacent to event contracts.

4.2/5Sports pick-em fans DFS regulator patchwork

Interactive Brokers Forecast Contracts logo

#06

Interactive Brokers Forecast Contracts

CFTC-regulated event contracts inside the IBKR trading platform.

4.1/5Existing IBKR clients CFTC-regulated

Robinhood Prediction Markets logo

#07

Robinhood Prediction Markets

Event contracts inside the Robinhood app powered by Kalshi.

4.0/5Existing Robinhood users CFTC-regulated (via partner)

Novig logo

#08

Novig

Peer-to-peer sports exchange with no vig.

4.0/5Vig-free sports trading State-by-state (sweepstakes model)

Fanatics Markets logo

#09

Fanatics Markets

Emerging Fanatics-branded event contract product.

3.9/5Sports-first US users CFTC-regulated (exchange partner)

ProphetX logo

#10

ProphetX

Peer-to-peer sports betting exchange.

3.9/5Exchange-style sports bettors State-by-state

Crypto.com Sports & Markets logo

#11

Crypto.com Sports & Markets

Crypto-native event contracts and sports markets from Crypto.com.

3.7/5Crypto-first users Varies by jurisdiction

PredictIt logo

#12

PredictIt

Academic political prediction market operating under CFTC no-action relief.

3.6/5US political markets CFTC no-action

OG logo

#13

OG

Onchain event markets platform.

3.5/5Onchain traders DeFi / offshore

Still deciding?

Read our full Kalshi review

Risk warning. Event contracts are financial instruments. You can lose your full premium. Trade only where legally permitted in your jurisdiction. This is not investment, legal or tax advice.