Kalshi vs Myriad

Kalshi4.3/5

VS

Myriad3.1/5

Feature	KalshiVisit	MyriadVisit
Ratings
Our score	4.3/5	3.1/5
User rating	No reviews yet	No reviews yet
Market selection	4.5	3.5
Liquidity	4.5	2.0
Fees	4.0	3.0
Resolution quality	4.5	3.0
Ease of use	4.0	4.0
Specs
Market types	Politics, Sports, Crypto, Economics, Culture, Weather	Crypto, Politics, Sports, Culture
Settles in	USD	USD1, USD₮
Chains	Other	BNB Chain, Other
Trading fees	Model fee rounded to $0.000001 precision with balance rounding fees	Dynamic fees
Resolution source	Official government and industry statistics, primary source reporting	Not disclosed
Available in the US	Yes	No
KYC required	Yes	Not disclosed
Regulated venue	Yes	Not disclosed
Market topics	Elections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial Indices	Crypto prices, Elections, Commodities, Sports matches, Corporate IPOs
Liquidity rewards	Not disclosed	Yes
Company
Founded	2018	2024
Headquarters	United States	—
Investors	Baillie Gifford, Layer Global, TCV, Coatue +9	Auros Global, Bubblemaps, Everest Venture Group, Igloo Inc. +8
Strengths and weaknesses
Pros	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	Operates across BNB Chain, Linea, and Abstract Offers a dedicated Chrome extension to place trades directly within social feeds Uses a central limit order book rather than AMM bonding curves for execution Backed by investors including MoonPay and Tom Lee
Cons	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	Restricts US persons from USD1 stablecoin settlement markets Thin liquidity with total value locked around $229,000 in October 2026 No publicly documented independent smart contract security audit reports Dynamic trading fee schedule rather than fixed public flat rates
Best for	US residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricing	Non-US event traders using USD1, Social media users trading predictions directly, Traders on BNB Chain and Linea

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