Kalshi is a regulated exchange and prediction market platform that allows users to trade on the outcomes of various real-world events. Established in 2020, Kalshi operates under the oversight of the Commodity Futures Trading Commission (CFTC), providing a legal and transparent platform for event-based trading in the United States.
Available Markets on Kalshi
- Fully regulated by the CFTC.
- Bet everything from political events and economic indicators to cultural phenomena.
- Great app for Begginner bettors
Kalshi offers a diverse range of markets across multiple categories, enabling users to speculate on numerous events. Some of the primary categories include:
-
Politics: Trade on outcomes such as presidential elections, congressional control, and significant legislative decisions.
-
Weather: Predict weather-related events, including temperature thresholds, precipitation levels, and natural disasters.
-
Economics: Speculate on economic indicators like inflation rates, unemployment figures, and GDP growth.
-
Sports: Bet on sports events, including outcomes of games, championship and end of season award winners.
-
Entertainment: Predict results of award ceremonies, such as the Oscars, and other entertainment industry events.
-
Technology and Business: Engage in markets forecasting product launches, company earnings, and industry developments.
- Crypto Currency: Bet on the price of crypto currencies, ETF approvals and more without actually owning any crypto
Recent Kalshi Market Developments
In early 2025, Kalshi expanded its offerings to include sports prediction markets, covering events such as the Super Bowl and March Madness. This expansion attracted attention from various stakeholders, including North American tribal nations, who viewed these markets as a potential threat to their gaming exclusivity.
However, this expansion also led to regulatory challenges. In February 2025, the Indian Gaming Association urged the CFTC to prohibit sports prediction outcome markets, expressing concerns over the impact on tribal gaming operations.
Despite these challenges, Kalshi continues to innovate. In March 2025, the platform partnered with Susquehanna International Group (SIG) to enhance liquidity across various markets, including indices, economics, crypto, and foreign exchange. This partnership aims to provide users with deeper markets and tighter spreads, improving the overall trading experience.
Regulatory Landscape
While Kalshi operates under federal regulation, some states have specific laws regarding prediction markets. For example, in March 2025, the Nevada Gaming Control Board issued a cease-and-desist order to Kalshi, declaring that its event-based contracts on sports and election outcomes are unlawful in Nevada unless approved as licensed gaming. The order warned that non-compliance could lead to criminal and civil penalties.
Conclusion – Betting Markets at Kalshi
Kalshi provides a unique platform for users to trade on a wide array of events, combining elements of trading and betting within a regulated environment. However, it’s essential for users to be aware of the legal complexities and potential restrictions, especially in certain jurisdictions. As with any form of speculation, it’s important to approach with caution, stay informed about legal considerations, and engage responsibly.
Access our full library of Kalshi help articles for more information or read our detailed Kalshi review. You can also jump straight to our list of the best sportsbook promotions for your state.
