Comparison · updated July 2026

Kalshi vs ForecastEx

Kalshi and ForecastEx 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.

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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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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Rating

Kalshi

4.7

ForecastEx

4.4

Best for

Kalshi

Regulated US event contracts

ForecastEx

Brokerage-grade access via Interactive Brokers

Regulation

Kalshi

CFTC-regulated

ForecastEx

CFTC-regulated

US availability

Kalshi

Available

ForecastEx

Available

Fees

Kalshi

Up to 2% per trade

ForecastEx

1 cent per contract

Mobile

Kalshi

Excellent

ForecastEx

Good

Markets

Kalshi

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

ForecastEx

Economy, Climate, Politics, Financial events

Payment

Kalshi

ACH, Debit card, Wire transfer

ForecastEx

Bank transfer, IBKR funding

Founded

Kalshi

2018

ForecastEx

2023

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

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

Kalshi

Operates as a CFTC-designated contract market.

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Best for liquidity

Kalshi

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 Kalshi or ForecastEx?

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

Visit Kalshi Visit ForecastEx

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.