vs
Kalshi vs Polymarket.
The first CFTC-regulated US event exchange versus the largest on-chain prediction market — compared on what actually matters, and the markets they both price right now.
At a glance
| Kalshi | Polymarket | |
|---|---|---|
| Type | Fiat (cash) | Crypto |
| Fees | Per-contract trading fee; no deposit fee | No trading fee — only Polygon gas (cents) |
| Min deposit | None | None (~$1 to start) |
| US access | Yes | Via US arm |
| KYC | Full KYC | Light KYC |
| Payout | 1–3 days (ACH) | Instant (on-chain USDC) |
| Payments | ACH, Debit card, Wire, Crypto | USDC, Crypto, Card (on-ramp) |
| Regulation | CFTC-regulated exchange (DCM). Fully legal in the US. | On-chain (Polygon); US via QCEX (CFTC). Blocked in AR/BR/CO. |
Kalshi
The first CFTC-regulated US event exchange
Real-money, USD, and fully US-legal. The go-to for Americans trading politics, economics (Fed/CPI), and sports.
Open KalshiPolymarket
The largest on-chain prediction market
The deepest liquidity in the space. USDC on Polygon, no account needed to read prices; the US-regulated track runs through QCEX.
Open PolymarketOutbound links are affiliate links. Operational terms are indicative — confirm on each platform. 18+ · trade responsibly.