Kalshi

The first U.S. federally regulated prediction market. Trade real-money event contracts on elections, weather, economics and sports — new users trade $25 and get $25 with code FLPREDICTS.

Kalshi · Trade $25 and Get $25!

21+ · T&Cs apply

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

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CFTC-regulated · trade $25, get $25

Trade $25, get $25 (opens in a new tab) Compare to other platforms

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

Kalshi portfolio screen showing a $32.80 balance
Our editor's funded Kalshi account (September 2026)

Quick answer

Kalshi scores 4.5/5 and ranks #3 on our list: it is a CFTC-designated contract market open to eligible users, settles in USD with free ACH, provides a yearly profit-and-loss statement, and runs native Florida hurricane markets. New eligible users can trade $25 and get $25 with code FLPREDICTS, subject to terms. Politics depth still trails Polymarket.

Kalshi · Trade $25 and Get $25!

FLPREDICTS

Claim on Kalshi (opens in a new tab)

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

Last checked October 21, 2026

Welcome offer · Kalshi

Trade $25 and get $25

New users: open a Kalshi account, trade $25 in event contracts with the code, and get $25 back.

FLPREDICTS

Claim the $25 bonus (opens in a new tab)CFTC-regulated exchange · web and mobile

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

Kalshi: trade $25 and get $25 with code FLPREDICTS (opens in a new tab)

What we like

  • CFTC-designated exchange with federal oversight, open to eligible users
  • USD settlement, free ACH deposits and withdrawals, downloadable profit-and-loss statement
  • Native Florida markets: hurricane landfall, Miami temperature, FL races
  • Deepest book in the U.S. on Fed, CPI and weather contracts

Where it falls short

  • Formula-based per-contract fee (roughly 0–2%)
  • Thin liquidity in niche and long-dated contracts
  • Fewer global political markets than Polymarket

Our verdict on Kalshi

Composite score 4.5 / 5 · best for Eligible Florida residents who want regulated, USD-settled event trading

Kalshi ranks #3 on our list and remains a strong option for eligible Florida traders. Regulatory clarity, dollar banking and clean tax reporting outweigh the small per-contract fee, and its hurricane and Florida-election contracts have no real equivalent elsewhere. Serious political traders may still keep a second book for global markets.

Why Floridians use Kalshi

  • Trade $25, get $25 (code FLPREDICTS, new users)
  • CFTC-regulated exchange, real USD payouts
  • Strong on weather, hurricanes & economics
  • Web and mobile — available to eligible Florida users

Kalshi categories

Kalshi is strongest in these market categories:

politics

weather

sports

economics

Kalshi — scoring rubric

Scored on our public six-criteria methodology. Weights are fixed and commission-blind.

CriterionWeightScoreNotes
Regulatory clarity30%5.0CFTC-designated contract market. Federal oversight.
Liquidity & depth20%4.0Category leader on Fed, CPI, weather; behind on politics.
Florida availability15%5.0Open to eligible FL users. Native hurricane markets.
Fees & payout15%4.0Formula-based fee. Free ACH in/out.
UX & reliability10%4.5Instant ACH. Held up under Fed-decision volume.
Editorial trust10%4.5Public rulebook, CFTC filings.
Composite100%4.5 / 5

We use Kalshi ourselves: real screenshots

These screenshots come from our editor's own funded Kalshi account, taken on 27 September 2026. The balance and trade history are real, including a small loss. Nothing has been edited except cropping.

Kalshi home screen with trending NFL markets
Home: trending markets, with live NFL games at the top.
Kalshi trade history with settled World Cup trades
Trade history from our account: settled World Cup contracts.
Kalshi Yes and No prices on a weather market
Yes/No prices in cents: 35¢ means the market sees roughly a 35% chance.
Kalshi market rules and resolution sources
Every market lists its rules and the sources used to settle it.
Kalshi market timeline and payout details
Timeline and payout: when the market closes and when winners are paid.

New on Kalshi: social features

Kalshi now has a social layer on top of trading. Here is what we found when we tried it on 27 September 2026:

  • Live chat on every market. A chat panel opens under the market, so you can talk with other traders while prices move.
  • Chat rooms. The Rooms button lists the busiest live chats at that moment, for example NFL games, 15-minute Bitcoin markets, the Ballon d'Or and daily weather.
  • Positions next to comments. Messages and posts can show what the poster holds (for example "Lamine Yamal · $955"), so you can see who has money behind an opinion.
  • Social feed. Each event has a feed ("This event" or "All") where you can post text or a GIF and attach your position. There is also an Activity tab and a Social tab in the bottom menu.
  • Insider-trading reporting. Market pages include a "Report Insider Trading" button and a clear "Insider trading is prohibited" notice.

Our take: the chat is fun during live games and useful for spotting news fast, but it is unfiltered opinion (and sometimes crude). Treat it as entertainment, not advice, and never copy a trade just because someone posted a big position.

Kalshi live chat opened on the Ballon d'Or market
Live chat sits under each market.
List of active Kalshi live chat rooms
Rooms: jump between active chats (NFL games, Bitcoin, Ballon d'Or, weather).
Kalshi social post box with a Position button
Social feed: post text or a GIF and attach your position.

Compare to other platforms

Still deciding? Here's how Kalshi stacks up.

KalshiPolymarketProphetXRebet
TaglineCFTC-regulated · trade $25, get $25CFTC-regulated US app · deposit $10, get $25Sports prediction market · Trade $50, Get $75Social sports predictions · ranked #4
Best forpolitics, weatherpolitics, cryptosportssports, entertainment
Legal noteNew users only. 18+. Regulated by the U.S. Commodity Futures Trading Commission. Event contract trading involves significant risk.18+. Polymarket US is CFTC-regulated. Trading is risky; 100% loss can occur.New users only. 18+. Trading involves significant risk. Offer terms apply.Eligibility rules apply. 21+. Review the platform's current terms before participating.
Sign up (opens in a new tab)View Polymarket →View ProphetX →View Rebet →

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

Sources

Already have Kalshi? Add a second app

  • OG: Trade $25 Get $50 in Rewards! (New users only) (code FLPREDICTS) · 42 states + D.C. Claim on OG (opens in a new tab)
    Paid partnership with OG. Terms and conditions apply. Trading derivatives involves risk and may not be appropriate for all. Availability subject to jurisdictional limitations. For more information, visit: OG.com.
  • ProphetX: Trade $50, Earn $75! (code FLPREDICTS) · 49 states + D.C. Claim on ProphetX (opens in a new tab)
    New users only. T&Cs apply. ProphetX's minimum age is 18 (or the local age of majority if higher); we recommend 21+. Not available in Nevada. Trading involves risk.