Kalshi vs predict.fun

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

Kalshi4.3/5
VS
Feature
Ratings
Our score4.3/53.9/5
User ratingNo reviews yetNo reviews yet
Market selection4.54.5
Liquidity4.53.5
Fees4.04.0
Resolution quality4.53.5
Ease of use4.04.0
Specs
Market typesPolitics, Sports, Crypto, Economics, Culture, WeatherPolitics, Sports, Crypto
Settles inUSDUSDT and USDC
ChainsOtherBNB Chain, Other
Trading feesModel fee rounded to $0.000001 precision with balance rounding feesMakers 0%; takers 0.018% to 2%, depending on share price and whether a 10% discount is active
Resolution sourceOfficial government and industry statistics, primary source reportingUMA Optimistic Oracle; Chainlink for 15-minute stock markets
Available in the US Yes No
KYC required YesNot disclosed
Regulated venue YesNot disclosed
Market topicsElections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial IndicesPolitics, Sports, Crypto, Esports, Finance, Technology, Economics, Culture, Weather
Company
Founded2018—
HeadquartersUnited States—
InvestorsBaillie Gifford, Layer Global, TCV, Coatue +9Susquehanna, YZi Labs
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
  • 0% maker fee for liquidity providers
  • $1.8B+ cumulative volume reported in March 2026
  • Gasless trading through the Predict Smart Wallet
  • Selected open positions can earn Venus-linked yield
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
  • United States users are excluded under the platform's terms
  • Taker fees can reach 2%
  • Yield-bearing positions carry Venus Protocol exposure
  • Unsupported deposits require manual recovery
Best forUS residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricingBNB Chain prediction traders, Sports and politics markets, Stablecoin-funded event trading

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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