Comparison · updated July 2026

ForecastEx vs Kalshi

ForecastEx 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.

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

4.4/5

An exchange-grade forecast market owned by Interactive Brokers.

Brokerage-grade access via Interactive Brokers CFTC-regulated

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Kalshi

4.7/5

The first CFTC-regulated event contract exchange in the United States.

Regulated US event contracts CFTC-regulated

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Rating

ForecastEx

4.4

Kalshi

4.7

Best for

ForecastEx

Brokerage-grade access via Interactive Brokers

Kalshi

Regulated US event contracts

Regulation

ForecastEx

CFTC-regulated

Kalshi

CFTC-regulated

US availability

ForecastEx

Available

Kalshi

Available

Fees

ForecastEx

1 cent per contract

Kalshi

Up to 2% per trade

Mobile

ForecastEx

Good

Kalshi

Excellent

Markets

ForecastEx

Economy, Climate, Politics, Financial events

Kalshi

Politics, Economy, Sports, Weather, Culture, AI, Financial events

Payment

ForecastEx

Bank transfer, IBKR funding

Kalshi

ACH, Debit card, Wire transfer

Founded

ForecastEx

2023

Kalshi

2018

Category	ForecastEx	Kalshi
Rating	4.4	4.7
Best for	Brokerage-grade access via Interactive Brokers	Regulated US event contracts
Regulation	CFTC-regulated	CFTC-regulated
US availability	Available	Available
Fees	1 cent per contract	Up to 2% per trade
Mobile	Good	Excellent
Markets	Economy, Climate, Politics, Financial events	Politics, Economy, Sports, Weather, Culture, AI, Financial events
Payment	Bank transfer, IBKR funding	ACH, Debit card, Wire transfer
Founded	2023	2018

Verdicts

Who wins, category by category

Best overall

Kalshi

Higher composite rating across our methodology.

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Best for beginners

Kalshi

Cleaner onboarding and a more polished consumer experience.

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Best for regulation

ForecastEx

Operates as a CFTC-designated contract market.

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Best for liquidity

ForecastEx

Deepest order books on headline markets.

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Best for market variety

Kalshi

Wider catalogue of available event contracts.

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Final take

Should you choose ForecastEx or Kalshi?

Kalshi comes out narrowly ahead in our methodology, but both platforms have a clear lane. Choose ForecastEx for brokerage-grade access via interactive brokers, and Kalshi for regulated us event contracts.

Visit ForecastEx Visit Kalshi

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.