Comparison · updated July 2026
Fanatics Markets vs Kalshi
Fanatics Markets and Kalshi are two of the most discussed prediction market platforms in the US. Here's a side-by-side look at how they compare on the factors that actually matter for traders.
Fanatics Markets
Emerging Fanatics-branded event contract product.
Kalshi
The first CFTC-regulated event contract exchange in the United States.
Rating
Fanatics Markets
3.9
Kalshi
4.7
Best for
Fanatics Markets
Sports-first US users
Kalshi
Regulated US event contracts
Regulation
Fanatics Markets
CFTC-regulated (exchange partner)
Kalshi
CFTC-regulated
US availability
Fanatics Markets
Available
Kalshi
Available
Fees
Fanatics Markets
Low per-contract fees
Kalshi
Up to 2% per trade
Mobile
Fanatics Markets
Good
Kalshi
Excellent
Markets
Fanatics Markets
Sports
Kalshi
Politics, Economy, Sports, Weather, Culture, AI, Financial events
Payment
Fanatics Markets
Kalshi
ACH, Debit card, Wire transfer
Founded
Fanatics Markets
Kalshi
2018
Verdicts
Who wins, category by category
Best for regulation
Fanatics Markets
Operates as a CFTC-designated contract market.
Final take
Should you choose Fanatics Markets or Kalshi?
Kalshi comes out narrowly ahead in our methodology, but both platforms have a clear lane. Choose Fanatics Markets for sports-first us users, and Kalshi for regulated us event contracts.