4 min read · Updated June 2026
Kalshi crypto markets
CFTC-regulated event contracts on Bitcoin, Ethereum, ETF approvals, and crypto adoption milestones. Trade your view in USD, no wallet, no gas.
Key takeaways
- › Kalshi lists BTC and ETH price-range contracts.
- › ETF approval and major-upgrade event contracts also available.
- › Settles in USD to a reference price source.
- › Useful as a defined-risk hedge for spot crypto holdings.
- › Polymarket usually deeper on long-tail crypto markets.
Market types
- BTC price ranges: "Bitcoin above $X on date Y" yes/no contracts.
- ETH price ranges: same format for Ethereum.
- ETF events: approval probabilities for pending crypto ETFs.
- Network milestones: upgrade ship dates, hash rate thresholds.
Hedge example
Hold $10,000 in BTC. Buy YES on "BTC closes below $90k by Dec 31" at $0.20 — costs $2,000 for $10,000 payout if BTC tanks. Defined-risk downside protection, regulated, no margin call.
Start trading in 2 minutes
Both platforms are free to sign up. Kalshi is CFTC-regulated USD. Polymarket settles in USDC.
Play responsibly
Prediction markets are real-money trading and you can lose your full stake. We recommend 21+. If trading stops feeling fun, call 1-800-GAMBLER or text 988.