Kalshi vs UPvsDOWN

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

Kalshi4.3/5
VS
Feature
Ratings
Our score4.3/52.7/5
User ratingNo reviews yetNo reviews yet
Market selection4.53.0
Liquidity4.52.5
Fees4.02.5
Resolution quality4.52.5
Ease of use4.03.0
Specs
Market typesPolitics, Sports, Crypto, Economics, Culture, WeatherSports, Crypto
Settles inUSDNot disclosed
ChainsOtherNot disclosed
Trading feesModel fee rounded to $0.000001 precision with balance rounding feesNot disclosed
Resolution sourceOfficial government and industry statistics, primary source reportingNot disclosed
Available in the US YesNot disclosed
KYC required YesNot disclosed
Regulated venue YesNot disclosed
Market topicsElections, Macroeconomics, Sports, Cryptocurrency, Weather, Financial IndicesNot disclosed
Company
Founded2018—
HeadquartersUnited States—
InvestorsBaillie Gifford, Layer Global, TCV, Coatue +9Not 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
  • $GCOIN ecosystem documentation filed under European MiCA regulations
  • Unified interface for both binary crypto predictions and traditional sports markets
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
  • High volatility associated with short-duration binary outcome formats
  • Lacks decentralized consensus oracles common in institutional prediction markets
  • Platform blurs the line between speculative prediction markets and casino gambling
  • Restricted access in jurisdictions with strict online gambling and derivatives laws
Best forUS residents wanting regulated event contracts, Quantitative traders using FIX and REST APIs, Sports bettors preferring central orderbook pricingCasual crypto sports bettors, Short-term directional price speculators, Web3 casino game players

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.

More comparisons