An independent, dated guide to using Kalshi, the CFTC regulated prediction market exchange. Sign up, identity checks, funding, fees, and how trades settle. Information only.
Last reviewed 7 November 2025 · Facts as of November 2025 · Illustrative editorial examples
An independent, dated guide to using Kalshi, the CFTC regulated prediction market exchange. Sign up, identity checks, funding, fees, and how trades settle. Information only.
Figures are indicative and dated. Confirm the current terms on the platform before acting.
Create an account on the Kalshi website or app with your details, then complete identity verification, which is required before you can deposit or trade. You can fund from one dollar once verified.
Bank transfers are reported as free, while debit card deposits carry a fee and a flat withdrawal fee. Trading carries a per contract fee that scales with the contract price and is shown at the time. Confirm the current schedule on the platform.
Kalshi is open to verified US users meeting the age rule, but certain markets have been restricted in some states and the lists change. Check our legality pages and the platform for your state before depositing.
The treatment of sports event contracts has been contested in court and remains unsettled in places, even after a 2026 federal appeals ruling on the Commodity Exchange Act. Verify the current position for your state.
The Commodity Futures Trading Commission, which has overseen Kalshi as a designated contract market since 2020. That oversight is real but does not make any trade safe or any outcome certain.
This page describes Kalshi as we assess it. Platform mechanics, fees, and terms change, so verify the current detail before you rely on it.
Facts as of November 2025. General information, not financial advice.