Kalshi vs Polymarket US

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

Kalshi4.3/5
VS
Feature
Ratings
Our score4.3/54.1/5
User ratingNo reviews yetNo reviews yet
Market selection4.54.5
Liquidity4.54.5
Fees4.04.0
Resolution quality4.53.5
Ease of use4.04.0
Specs
Market typesPolitics, Sports, Crypto, Economics, Culture, WeatherPolitics, Sports, Crypto, Weather
Settles inUSDUSD
ChainsOtherOther
Trading feesModel fee rounded to $0.000001 precision with balance rounding fees0% maker fee; taker fees vary by contract type
Resolution sourceOfficial government and industry statistics, primary source reportingSettlement Committee and centralized exchange reports
Available in the US Yes Yes
KYC required Yes Yes
Regulated venue Yes Yes
Market topicsElections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial IndicesNFL, NBA, MLB, NHL, Tennis, Soccer, US Midterms, Elections, Cryptocurrency, Weather
Mobile appNot disclosed Yes
Liquidity rewardsNot disclosed Yes
Company
Founded20182020
HeadquartersUnited StatesUnited States
InvestorsBaillie Gifford, Layer Global, TCV, Coatue +9Founders Fund, Intercontinental Exchange, 1789 Capital
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
  • CFTC Designated Contract Market status
  • Zero maker trading fees with maker rebates supported by taker fees
  • Combo functionality enables grouping 2 to 10 markets into one trade
  • The broader Polymarket entity has disclosed $2.764B in funding, including a $1B investment from Intercontinental Exchange
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
  • Strict identity verification required, excluding anonymous trading
  • Restricted exclusively to United States residents
  • Centralized clearing model exposes users to clearinghouse counterparty risk
  • Disputed or unresolvable legs rely on discretionary pricing from an internal Settlement Committee
Best forUS residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricingUS residents trading regulated event contracts, Sports bettors building multi-leg combo positions, Political forecasters following US midterm elections

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