Kalshi is the first CFTC-regulated prediction market exchange in the US. Unlike Polymarket, it's fully legal for US residents everywhere, dollar-denominated, and requires no crypto wallet.
Kalshi operates as a traditional financial exchange under CFTC oversight. You fund your account with US dollars via bank transfer or debit card. Identity verification required — standard for regulated financial exchanges.
Kalshi contracts pay $1 if an event happens, $0 if it doesn't. The price represents the implied probability. Kalshi covers economics (Fed rate decisions, CPI, GDP), weather, politics, sports, and more.
Kalshi: CFTC-regulated, dollar-denominated, US-legal everywhere. Polymarket: decentralized, larger by volume, wider market selection, crypto-based. WhenWin scans both and specifies which exchange to use for each pick.
Is Kalshi legal in all US states? Yes. CFTC-regulated and available to US residents in all 50 states.
What are Kalshi's fees? Around 7% of winnings on most markets. No deposit or withdrawal fees for bank transfers.
Can I withdraw my money anytime? Yes. Bank ACH transfer, typically 1-3 business days.
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