General information, not financial, investment, legal, tax or betting advice · Prediction markets carry risk of loss · 18+ or the legal age in your region
Prediction MarketIndex
Prediction Market Index/Compare/Kalshi vs ForecastEx
Head to head

Kalshi vs ForecastEx.

A like-for-like comparison on the things that actually differ: how each is regulated, how funding works, what it costs, and where it is available. We compare, we do not crown a winner.

By Morten AndersenFounder and editor · Two decades in advisory, hospitality and mediaEditorial review by Fredrik Filipsson · Last reviewed 28 February 2026

Last reviewed 28 February 2026 · Facts as of February 2026 · Illustrative editorial examples

Kalshi
91/100
ForecastEx
80/100
Side by side

The same questions, asked of both.

Kalshi
ForecastEx
Prediction Market Index score
91/100
80/100
Regulatory status
CFTC-regulated designated contract market (DCM) under US federal oversight.
CFTC-regulated exchange and clearinghouse, owned by Interactive Brokers.
Custody of funds
Customer funds in segregated accounts; balances settle in US dollars.
Held within the Interactive Brokers brokerage framework; settles in US dollars.
Fees
Per-contract trading fee scaled to price; no deposit fee on standard methods.
Transparent contract costs; an incentive coupon applies to some contracts.
Markets
Economics, elections, weather, financial indicators and selected sports where permitted.
Economic indicators and selected event contracts.
Eligibility
US-based users meeting age and identity verification (18+ or your state's legal age).
Through an Interactive Brokers account with the relevant permissions.
Best described as
The most straightforwardly regulated venue we cover, and the easiest to recommend to a careful reader.
A CFTC-regulated exchange owned by Interactive Brokers, reached through a brokerage account.
A balanced verdict

Which one is right for you?

On our rubric Kalshi scores 91 and ForecastEx scores 80, but a higher score is not a recommendation to you. Kalshi tends to suit readers who value if you're trading from the US, while ForecastEx leans toward strong oversight, narrower menu. The right venue depends on where you live and what you are eligible to use, so read both profiles and check the legality page before deciding.

FAQ

Questions readers keep asking.

Is Kalshi or ForecastEx better?

Neither is universally better. Kalshi scores 91 on our rubric and ForecastEx scores 80, but the right choice depends on your region, what you want to trade, and your eligibility. We compare the facts and leave the decision to you.

How current are these facts?

This comparison was last reviewed 28 February 2026 with facts as of February 2026. Fees, regulation and availability change often, so treat the figures as indicative and confirm the current terms on each platform.

Do you earn a commission from either platform?

No. Prediction Market Index does not take payment for placement and no platform can buy a higher score. Where a platform is genuinely available to you, any referral appears after the information, never before it.

Where is each platform legal?

Availability is local and, in the United States, often varies by state. Check our legality hub and each platform profile for the current position before you act.

Read the full profiles
Platform profile
Kalshi, rated 91
Platform profile
ForecastEx, rated 80