Kalshi vs PredictIt
On the standard spending profile, Kalshi has the lowest net annual cost (—). Kalshi offers the highest cashback (0%). Pick Kalshi if you prioritise simplicity and exchange integration; consider PredictIt if you prefer a mature custodial ecosystem.
| Kalshi | PredictIt | |
|---|---|---|
| Tier | A | B |
| Rating | ★ 4.3 | ★ 3.4 |
| FX markup | 0% | 0% |
| Cashback | 0% | 0% |
| Annual fee | Free | Free |
| Estimated net annual cost | — | — |
| Custodial | Custodial | Custodial |
| Network | — | — |
| Regions | US | US |
| Licences & safety | CFTC Designated Contract Market (DCM) | CFTC no-action letter (Letter 25-20, lug 2025) |
Frequently asked questions
Kalshi vs PredictIt: which is better?
On the standard spending profile, Kalshi has the lowest net annual cost (—). Kalshi offers the highest cashback (0%). Pick Kalshi if you prioritise simplicity and exchange integration; consider PredictIt if you prefer a mature custodial ecosystem.
Is Kalshi custodial or self-custody?
Kalshi is custodial: funds are held by the platform, while PredictIt is custodial.