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

Canonical URL: https://mrkts.gg/markets/kalshi
Last updated: Nov 11, 2026, 12:00 PM ET

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.

## At a glance

- Type: Prediction market
- Who it's for: USA
- What you trade: Yes/No contracts on real events, priced from 1 to 99 cents
- Regulator: The US Commodity Futures Trading Commission (CFTC) Source: https://help.kalshi.com/en/articles/14026044-can-i-trade-on-kalshi-from-outside-the-united-states
- Outside the US: Open in many countries; card, wire ($1,000 minimum) or crypto deposits Source: https://help.kalshi.com/en/articles/14026044-can-i-trade-on-kalshi-from-outside-the-united-states

## How it works

1. **Pick an event.** Choose a question, like whether the Fed cuts rates at its next meeting.
2. **Choose Yes or No.** Each contract costs between 1 and 99 cents. That price is the market's odds.
3. **Wait for the result.** A winning contract pays $1. A losing one pays nothing. You can also sell before then.

## 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.

## 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.

## Our relationship

mrkts has a referral link with Kalshi and may earn a reward if a reader signs up and trades. It doesn't change what we write. Facts above come from Kalshi's own pages, checked 2026-11-11.

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