Kalshi vs Polymarket

Kalshi is a CFTC-regulated prediction market for U.S. users; Polymarket is a crypto-based global prediction exchange.

Kalshi — it’s fully regulated. Polymarket restricts U.S. trading to comply with regulations.

Polymarket — it offers broader, faster-moving markets on politics, crypto, culture, and global events.

Polymarket generally has deeper liquidity because of its global user base and crypto-native audience.

Kalshi — simple interface, fiat on/off ramps, and regulated structure. Polymarket requires crypto familiarity.