Kalshi vs SX Bet

Kalshi4.3/5

VS

SX Bet3.7/5

Feature	KalshiVisit	SX BetVisit
Ratings
Our score	4.3/5	3.7/5
User rating	No reviews yet	No reviews yet
Market selection	4.5	3.0
Liquidity	4.5	3.5
Fees	4.0	4.5
Resolution quality	4.5	3.5
Ease of use	4.0	4.0
Specs
Market types	Politics, Sports, Crypto, Economics, Culture, Weather	Sports
Settles in	USD	USDC
Chains	Other	Other
Trading fees	Model fee rounded to $0.000001 precision with balance rounding fees	0% maker fee, 1% taker fee on net winning profits, 5% on winning parlays
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	Yes
Market topics	Elections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial Indices	NFL, MLB, NHL, NBA, Soccer, Player Props, Parlays
Company
Founded	2018	2017
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	Zero percent maker fees on all order book listings Taker fees only apply to winning bets at 1% of net profit Non-custodial settlement keeps funds under user wallet control Betting transaction gas fees are covered by the platform
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	Not accessible to traders in the United States and other restricted jurisdictions Parlay winning bets incur a higher 5% commission on profit Niche sporting events can suffer from thin order book liquidity Sunset of native SX token in 2026 altered original platform tokenomics
Best for	US residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricing	Crypto sports bettors, Market makers setting custom odds, Non-US traders wanting non-custodial wagering

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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