Trade on the outcomes of real-world events, from sports to economic indicators, in a federally regulated prediction market. Buy and sell contracts based on whether events will happen, earning money if your predictions are correct. It's like trading stocks but on events you understand.
Summarized from real user reviews of Kalshi. Based on 503K reviews and a 4.8/5 average, it highlights the 9 positives and 7 negatives reviewers mention most about this Finance app.
9.10.3
September 9, 2026
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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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.
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.
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.
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).
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.
