# Kalshi: Trade Events & Sports — Trade football, tennis, crypto

> Federally regulated prediction market for trading real-world event outcomes. (iPhone/iPad app by KalshiEX LLC.)

- Source: https://appshunter.io/ios/app/kalshi-trade-events-and-sports/id1632713844 (this page in markdown: same URL + `.md`)
- Developer: [KalshiEX LLC](https://appshunter.io/developer/1593463046)
- Category: Finance, Sports
- Price: Free
- Rating: 4.80/5 from 482,767 App Store ratings · 2,907 written reviews indexed
- Age rating: 17+
- Requires: iOS 15.0 · 315 MB
- Languages: American English
- Released: 2022-09-16
- Data updated: 2026-08-30
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/kalshi-trade-events-and-sports/id1632713844/reviews.md

## What is Kalshi?

Kalshi is the largest legal and federally regulated prediction market app in the U.S., where you can make money by predicting real-world events, including soccer, baseball, golf, and other sports. Trade real outcomes in a federally regulated prediction market. Perfect for sports trading, event trading, forecasting, futures-style markets, and real-world predictions.

It’s like trading stocks — but instead, you trade on events you understand. Predict whether an event will happen or not, and earn money if you’re right.
Join 10M+ users trading thousands of prediction markets across finance, weather, culture, sports, and more. 

FINANCIAL MARKETS
Daily S&P 500, Nasdaq 100, WTI oil

ECONOMIC MARKETS
Fed interest rates, Inflation (CPI), GDP, Recession, Gas prices, Mortgage rates

CLIMATE MARKETS
Hurricane strength, Daily city temperatures, Tornado numbers

CULTURE MARKETS
Billboard 100, Oscars, Grammys, Emmys, #1 Hits

HOW KALSHI WORKS
Kalshi is the largest federally regulated prediction exchange where you buy and sell contracts based on event outcomes. Example: NASA announces a manned mission to the moon. Contract prices reflect trader probability estimates. If you think the event will happen, you buy contracts. Contracts cost between 1¢ and 99¢ and can be sold anytime. At market close, each correct contract is worth $1.

TRADE SPORTS
Kalshi lets you trade on real sports outcomes across football, baseball, basketball, golf, MMA, tennis, and more.
Trade pro and college sports with highly liquid prediction markets. 

HOW IS KALSHI REGULATED?
Kalshi is federally regulated as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC). Kalshi’s affiliate, Kalshi Klear LLC, is a CFTC-regulated clearinghouse that holds member funds and clears trades.

TRADE YOUR CONVICTIONS
Find prediction markets that match your views. If you think a recession is coming, trade recession and S&P markets. Put your money behind your forecasts.

REDUCE FINANCIAL RISK
Hedge against events that could impact your finances. If you hold stocks, trade Fed and inflation markets to help protect your portfolio.

KALSHI VS. STOCKS
Event contracts are direct. You trade the outcome of an event, not the future stock price of a company. Profits are not tied to company performance. No pattern day trading restrictions. Trade as much or as little as you want, anytime. In stock trading, you can be right and still lose money due to market sentiment or news. Prediction markets remove that layer.

KALSHI VS. OPTIONS
Event contracts are simpler. Options pricing depends on multiple complex factors. Kalshi contracts reflect straightforward event probabilities. No time decay. If the event odds stay the same, contract value stays stable.

HOW MUCH MONEY DO I NEED TO START?
Open and maintain a Kalshi account for free. Prediction markets require less capital than traditional trading, making it easier to diversify without risking large amounts.

ADVANCED TOOLS & API ACCESS
Build trading algorithms in Python with starter code and a dedicated package. Start in minutes with documentation. Access open-source tools from the Kalshi developer community.

18+ only. Restrictions and eligibility requirements apply. Trading event contracts and trading leveraged products, including perpetual futures, involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Additional perpetual contract offerings are subject to applicable regulatory review and approval, and availability may vary.
Leverage amplifies both potential gains and potential losses, and losses can exceed the amount deposited. Leverage limits are determined by KalshiEX LLC or the FCM based on its own risk assessment and each customer's individual risk profile, and are subject to change.

## Key features

- Trade real-world event outcomes
- Federally regulated prediction market
- Sports and financial market trading
- Predictive forecasting
- Futures-style markets
- 24/7 market access

## Chart rankings

- #4 in Top Free · Finance (US App Store)
- #64 in Top Free (US App Store)

## What do users think of Kalshi?

Overall sentiment: mixed

**Pros**

- 🚀 Great app and very easy to use
- 👍 Simple app, verifies you quickly
- 👍 Transparent, clear on terms
- 👍 Exemplary customer support
- 👍 Incredible support
- 👍 Sleek, user-friendly interface
- 👍 Variety of interesting markets
- 👍 Fun and engaging experience
- 👍 Smooth performance and regular updates

**Cons**

- 🐛 App is buggy and glitchy
- 🐛 Inconsistent odds and information
- 🐛 Changing contract terms without notice
- 🔒 Unauthorized access to personal information
- 💰 High fees and withdrawal delays
- 💰 Low liquidity and thin order books
- 🤔 Questionable business practices

**Commonly reported bugs**

- Automatic logouts
- Deposit and withdrawal issues
- Inconsistent data and odds across the app
- Inability to delete personal information

**Most requested features**

- Dark mode option
- Advanced analytics and charting tools
- Improved mobile app stability and performance
- Lower fees and faster withdrawal processing
- Better communication and transparency from the company

## Recent user reviews (10 of 2,907)

All indexed reviews: https://appshunter.io/ios/app/kalshi-trade-events-and-sports/id1632713844/reviews.md

### 5/5 — New to trading try Kalshi

*2026-08-22*

Kalshi makes it clear that trading just involves answering yes or no to make a prediction. Don’t expect to win every trade but pick on what you want. I’ve selected positions on political outcomes, sports games, future oil prices and outcomes involving crypto. Many other topics are available as well. I’m new to trading and I find the app easy to navigate. I’m still learning and exploring topics that might interest me in the future. I like reading the rules for the trade and looking at when the payout should come if my prediction is correct. Sometimes, I decide not to trade based on the payout timeline or something in the contract that I don’t want. Be certain to wager only amounts you are willing to lose since no guarantee on winning exists.

### 5/5 — Showing examples

*2026-08-15, version 9.9.111*

I shared the app with my co worker today and it’s actually pretty easy to explain the props.

### 3/5 — Inguries

*2026-08-15, version 9.9.111*

Wish there was an injury refund or at least void the single pick.

### 3/5 — Riqueza

*2026-08-15, version 9.9.111*

Me dificulta hacer los combo la mayoría no me da opción

### 1/5 — Customer service is almost zero and very bad

*2026-08-15, version 9.9.111*

They blocked my account for not letting me withdraw the winnings.

### 1/5 — Trash

*2026-08-15, version 9.9.111*

Trash app fake

### 5/5 — BEST APP

*2026-08-15, version 9.9.111*

Thank you kalshi

### 2/5 — Problems

*2026-08-15, version 9.9.111*

Constantly not being able to bet always having a reset the phone turn it off close the app

### 5/5 — Learning Fast

*2026-08-15, version 9.9.111*

If you want to get ahead here you can do it.

### 1/5 — Update

*2026-08-15, version 9.9.111*

They updated the app it’s August 2026 and they updated the app for the worst like they purposely want it to be more difficult!

## Frequently asked questions about Kalshi

### What is Kalshi?

Kalshi is the largest legal and federally regulated prediction market app in the U.S. It allows users to make money by predicting the outcomes of real-world events across various categories like sports, finance, and culture. You buy and sell contracts based on whether an event will happen or not.

### How does trading on Kalshi work?

You trade contracts that represent the outcome of an event. For example, if NASA announces a manned mission to the moon, you can buy contracts if you believe it will happen. Contract prices reflect trader probability estimates and range from 1¢ to 99¢. At market close, each correct contract is worth $1.

### Is Kalshi regulated?

Yes, Kalshi is federally regulated as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC). Its affiliate, Kalshi Klear LLC, is also a CFTC-regulated clearinghouse that handles member funds and clears trades, ensuring a secure trading environment.

### What kind of events can I trade on Kalshi?

You can trade on a wide range of events, including sports outcomes (NBA, NCAA, football, baseball, etc.), financial markets (S&P 500, oil, interest rates), economic indicators (inflation, GDP), climate events (hurricanes, temperatures), and cultural events (Oscars, Grammys, #1 hits).

### How much money do I need to start trading?

The description mentions that contracts cost between 1¢ and 99¢. This suggests that a very small amount of money is needed to start trading on Kalshi, making it accessible to a wide range of users.

## Version history (last 5 releases)

### 9.9.119 — 2026-08-26

Kalshi is America's #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.

### 9.9.118 — 2026-08-26

Kalshi is America's #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.

### 9.9.116 — 2026-08-24

Kalshi is America's #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.

### 9.9.114 — 2026-08-20

Kalshi is America's #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.

### 9.9.113 — 2026-08-19

Kalshi is America's #1 prediction market platform. Get in on the action by trading on real-world events like elections, sports, crypto, and weather. This update includes bug fixes and performance upgrades.

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-30.*