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Home / Regulated prediction markets / Kalshi
KA
Regulated prediction market

Kalshi

Visit Kalshi ↗

CFTC-designated contract market, open in the US and many other countries.

Settles in
USD
Cost to trade
Taker fee on expected earnings; lower maker fee
Account
Government photo ID
Payout
To your cash balance, often within about 3 hours

Where you can use Kalshi

Open in the US and in many other countries. The Kalshi Member Agreement names 55 Restricted Jurisdictions where members may not trade event contracts, plus any place under US economic sanctions; the restriction covers event contracts only, and Kalshi keeps the discretion to admit members from those places on its own terms. International accounts fund by debit card, wire (minimum $1,000) or crypto. kalshi.com ↗ · 2026-10-05

Restricted · 55 countries
AfghanistanAlgeriaAngolaAustraliaBelarusBelgiumBoliviaBulgariaBurkina FasoCameroonCanadaCentral African RepublicChinaCongo - KinshasaCôte d’IvoireCubaEthiopiaFranceHaitiHungaryIndiaIranIraqIrelandItalyKenyaLaosLebanonLibyaMaliMonacoMozambiqueMyanmar (Burma)NamibiaNew ZealandNicaraguaNigerNorth KoreaPolandPortugalRussiaSingaporeSomaliaSouth SudanSudanSwitzerlandSyriaTaiwanThailandUkraineUnited Arab EmiratesUnited KingdomVenezuelaYemenZimbabwe

Every country not named here is open under Kalshi’s terms. Local law is a separate question; each country page links to it.

The details, with sources

Availability
Live in the US and in many other countries. Eligibility outside the US depends on the Kalshi Member Agreement. International users can fund only by debit card, wire (minimum $1,000) or crypto; ACH, PayPal and Venmo are not available to them. Help article dated March 20, 2026. help.kalshi.com ↗
Settlement
USD cash balance, funded by bank, debit card, wire, Venmo, Cash App or crypto. For US users, crypto transfers go through Zero Hash, which converts between crypto and fiat. Bank deposits are free, and debit deposits may carry a 2% fee. help.kalshi.com ↗
Fees
A transaction fee on the contract's expected earnings; some markets carry different fees. Maker fees apply to resting orders. The published fee schedule PDF (titled 'Fee Schedule for July 2026 - 7.7.26 Update') gives the taker formula round up(M x 0.07 x C x P x (1-P)) and the maker formula round up(M x 0.0175 x C x P x (1-P)), where M is a multiplier that defaults to 1. The help article is dated April 19, 2026. help.kalshi.com ↗
Account and ID
Full KYC. Your name and date of birth must match a government-issued photo ID (driver's licence or passport), and you take a live photo of the ID in the app. Commercial and PO box addresses are not accepted. You may be asked for proof of address, employment details or source of funds. help.kalshi.com ↗
Payout
Once a market settles, winning contracts are paid to your cash balance. Most markets settle within a few hours of the outcome being known, often within about 3 hours. Bank, debit card, Venmo and crypto withdrawals carry no Kalshi fee. help.kalshi.com ↗
Regulation
CFTC, as a Designated Contract Market (DCM). Perpetual futures clear through Kalshi Klear LLC, Kalshi's own CFTC-regulated clearinghouse. help.kalshi.com ↗
Markets
Politics, Sports, Culture, Crypto and more, including economics and weather. Kalshi also offers perpetual futures. help.kalshi.com ↗

Other regulated venues

Polymarket USUSDRobinhood Prediction MarketsUSDForecastExUSDPredictItUSD
Where to next
Regulated prediction markets Every venue on this list, side by side.Crypto prediction markets Stablecoin venues with wallet or email login.Crypto sportsbooks Fixed odds instead of traded contracts.
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