Kalshi vs Overtime

Kalshi4.3/5

VS

Overtime3.1/5

Feature	KalshiVisit	OvertimeVisit
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	3.0
Fees	4.0	2.5
Resolution quality	4.5	3.5
Ease of use	4.0	3.0
Specs
Market types	Politics, Sports, Crypto, Economics, Culture, Weather	Sports
Settles in	USD	USDC
Chains	Other	Arbitrum, Base, Optimism, Polygon, Ethereum, BNB Chain
Trading fees	Model fee rounded to $0.000001 precision with balance rounding fees	Not disclosed
Resolution source	Official government and industry statistics, primary source reporting	Chainlink data feeds
Available in the US	Yes	Not disclosed
KYC required	Yes	No
Regulated venue	Yes	No
Market topics	Elections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial Indices	sports prediction, sportsbook, parlays, player props, options
Liquidity rewards	Not disclosed	Yes
Company
Founded	2018	2021
Headquarters	United States	—
Investors	Baillie Gifford, Layer Global, TCV, Coatue +9	Not disclosed
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	Non-custodial betting directly from self-hosted Web3 wallets without registration Smart contracts audited by iosiro, Decurity, and CertiK Automated resolution for sports markets using Chainlink oracle feeds Multi-chain access across Arbitrum, Base, Optimism, Polygon, and BNB Chain
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	Total value locked is modest at roughly $1.32M in October 2026 Liquidity and line availability can be thin for lower-tier sporting events Oracle reporting glitches or latency can delay market settlement Users absorb underlying network transaction fees on each trade
Best for	US residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricing	Onchain sports bettors, Users avoiding account registration, DeFi liquidity providers

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