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PREDICTION MARKET · USA

Kalshi: trade the odds on the Fed, CPI and earnings, legally in the US

Kalshi is a US exchange, regulated by the CFTC, where you buy and sell contracts on the outcome of real events. Here's how it works, who can use it, and the risks.

Visit Kalshi →

mrkts earns a referral reward if you sign up and trade. Not available everywhere; our link checks your region. Checked 2026-11-11.

kalshi.com
Kalshi's home page, showing live markets and their odds
Kalshi's own site. Screenshot taken 2026-11-11.
1¢ to 99¢
Price of a contract. The price is the market's odds.
$1
What each contract pays if you're right
CFTC
The US regulator that oversees the exchange

How it works

  1. 1
    Pick an event

    Choose a question, like whether the Fed cuts rates at its next meeting.

  2. 2
    Choose Yes or No

    Each contract costs between 1 and 99 cents. That price is the market's odds.

  3. 3
    Wait for the result

    A winning contract pays $1. A losing one pays nothing. You can also sell before then.

The price is the odds
Example
Will the Fed cut rates at its next meeting?
100 Yes shares
Costs $62
If Yes / if No
Pays $100 / $0
A Yes share at 62¢ means the market puts the chance near 62%. If Yes happens, each share pays $1. If it doesn't, it pays nothing.

The quick facts

What you trade
Yes/No contracts on real events, priced from 1 to 99 cents
Regulator
The US Commodity Futures Trading Commission (CFTC) source
Outside the US
Open in many countries; card, wire ($1,000 minimum) or crypto deposits source
Sign-up offers
Vary by offer and are for eligible US users only source

Who can use it

Kalshi serves US traders and many other countries. Its member agreement lists where it doesn't operate, and it checks your location when you sign up.

The risks

  • You can lose everything you put into a contract if the outcome goes the other way.
  • Sign-up credits can come with withdrawal limits. Read the offer's terms before you deposit.
  • Odds are a market price, not a forecast we stand behind.

Stories from Kalshi

TRADER HIGHLIGHT · KALSHI+$2.39MFrom poker to $2.4 million on Kalshi: meet DomerDomer started betting on the Knicks to make a game more fun. Kalshi has called him its most profitable public politics trader, and his profile now shows a $2.4 million return. His advice is simpler than you'd think.NEW ON THE PLATFORM · KALSHI$300M+Kalshi's stock perps traded $300 million in their first morningKalshi now lists perpetual futures on more than 50 US stocks: no expiry, long or short, with leverage. Here's what launched, how a contract works and what it costs to hold one.

Other markets

Polymarket (Non-USA) →Hyperliquid (Non-USA) →Fomo (USA + Global) →

Ready to look at Kalshi?

Visit Kalshi →

mrkts earns a referral reward if you sign up and trade. Not available everywhere; our link checks your region.

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Facts come from Kalshi's own pages and were checked 2026-11-11. Not investment advice. See our disclosures.

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