Comparison · updated July 2026

PredictIt vs Kalshi

PredictIt 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.

PredictIt

3.6/5

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

US political markets CFTC no-action

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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

PredictIt

3.6

Kalshi

4.7

Best for

PredictIt

US political markets

Kalshi

Regulated US event contracts

Regulation

PredictIt

CFTC no-action

Kalshi

CFTC-regulated

US availability

PredictIt

Available

Kalshi

Available

Fees

PredictIt

Withdrawal + profit fees

Kalshi

Up to 2% per trade

Mobile

PredictIt

Good

Kalshi

Excellent

Markets

PredictIt

Politics

Kalshi

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

Payment

PredictIt

Kalshi

ACH, Debit card, Wire transfer

Founded

PredictIt

Kalshi

2018

Category	PredictIt	Kalshi
Rating	3.6	4.7
Best for	US political markets	Regulated US event contracts
Regulation	CFTC no-action	CFTC-regulated
US availability	Available	Available
Fees	Withdrawal + profit fees	Up to 2% per trade
Mobile	Good	Excellent
Markets	Politics	Politics, Economy, Sports, Weather, Culture, AI, Financial events
Payment		ACH, Debit card, Wire transfer
Founded		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

PredictIt

Operates as a CFTC-designated contract market.

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Best for liquidity

PredictIt

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 PredictIt or Kalshi?

Kalshi comes out narrowly ahead in our methodology, but both platforms have a clear lane. Choose PredictIt for us political markets, and Kalshi for regulated us event contracts.

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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.