DraftKings Predictions vs Kalshi

How DraftKings Predictions vs Kalshi compare on our ratings, prediction market specs, funding, pros and cons.

Feature
Ratings
Our score3.9/54.3/5
User ratingNo reviews yetNo reviews yet
Market selection3.54.5
Liquidity3.54.5
Fees4.04.0
Resolution quality4.54.5
Ease of use4.04.0
Specs
Market typesSports, Politics, EconomicsPolitics, Sports, Crypto, Economics, Culture, Weather
Settles inUSDUSD
ChainsNot disclosedOther
Trading fees$0.0000804 to $0.02 per contractModel fee rounded to $0.000001 precision with balance rounding fees
Resolution sourceCentralized exchange and clearinghouse settlementOfficial government and industry statistics, primary source reporting
Available in the US Yes Yes
KYC required Yes Yes
Regulated venue Yes Yes
Market topicssports, politics, macroeconomicsElections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial Indices
Company
Founded20252018
HeadquartersUnited StatesUnited States
InvestorsNot disclosedBaillie Gifford, Layer Global, TCV, Coatue +9
Strengths and weaknesses
Pros
  • Operates under CFTC regulation as a registered Introducing Broker
  • Customer balances sit with Wedbush Securities rather than unsegregated company accounts
  • Low per-contract trading fee capped at $0.02 on the DKeX exchange
  • Politics and economics contracts are accessible across 48 US states
  • Registered Designated Contract Market status provides federal regulatory oversight for US-based traders
  • Deep liquidity exceeding $2B in weekly volume across major events in May 2026
  • Transparent dollar-denominated balances eliminate stablecoin depeg risks
  • Subpenny orderbook precision down to $0.0001 allows fine-grained execution
Cons
  • Sports contracts are restricted to 18 US states
  • Unavailable to international traders outside the United States
  • Requires mandatory identity verification and financial KYC checks
  • Does not support cryptocurrency deposits or onchain settlement
  • Requires full identity verification (KYC), preventing anonymous participation
  • Centralized custody of cash balances without on-chain asset withdrawals
  • Subject to regulatory exclusions, including a 2026 trading ban on US Senate staff
  • Unprofitable to profitable user ratio reached 2.9 to 1 in 2026
Best forUS residents trading political contracts, Macroeconomic outcome event traders, Bettors seeking CFTC-regulated venuesUS residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricing

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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