Comparison · updated July 2026
Kalshi vs Manifold Markets
Kalshi and Manifold Markets 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.
Kalshi
The first CFTC-regulated event contract exchange in the United States.
Manifold Markets
Play-money prediction market platform with real communities and calibration data.
Rating
Kalshi
4.7
Manifold Markets
4.3
Best for
Kalshi
Regulated US event contracts
Manifold Markets
Forecasters and researchers
Regulation
Kalshi
CFTC-regulated
Manifold Markets
Play-money / sweepstakes
US availability
Kalshi
Available
Manifold Markets
Available
Fees
Kalshi
Up to 2% per trade
Manifold Markets
Free (play-money)
Mobile
Kalshi
Excellent
Manifold Markets
Good
Markets
Kalshi
Politics, Economy, Sports, Weather, Culture, AI, Financial events
Manifold Markets
Politics, AI, Culture, Sports, Economy
Payment
Kalshi
ACH, Debit card, Wire transfer
Manifold Markets
Founded
Kalshi
2018
Manifold Markets
Verdicts
Who wins, category by category
Final take
Should you choose Kalshi or Manifold Markets?
Kalshi comes out narrowly ahead in our methodology, but both platforms have a clear lane. Choose Kalshi for regulated us event contracts, and Manifold Markets for forecasters and researchers.