Kalshi
Last updated
CFTC-regulated · trade $25, get $25
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.
New users only. 18+. Regulated by the U.S. Commodity Futures Trading Commission. Event contract trading involves significant risk. #sponsored
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.
Quick answer
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.
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.
What we like
- CFTC-designated exchange with federal oversight, open to eligible users
- USD settlement, free ACH deposits and withdrawals, 1099 tax forms
- 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%) instead of zero fee
- 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:
Kalshi — scoring rubric
Scored on our public six-criteria methodology. Weights are fixed and commission-blind.
| Criterion | Weight | Score | Notes |
|---|---|---|---|
| Regulatory clarity | 30% | 5.0 | CFTC-designated contract market. Federal oversight. |
| Liquidity & depth | 20% | 4.0 | Category leader on Fed, CPI, weather; behind on politics. |
| Florida availability | 15% | 5.0 | Open to eligible FL users. Native hurricane markets. |
| Fees & payout | 15% | 4.0 | Formula-based fee. Free ACH in/out. |
| UX & reliability | 10% | 4.5 | Instant ACH. Held up under Fed-decision volume. |
| Editorial trust | 10% | 4.5 | Public rulebook, CFTC filings. |
| Composite | 100% | 4.5 / 5 | |
Compare to other platforms
Still deciding? Here's how Kalshi stacks up.
| Kalshi | Polymarket | Rebet | |
|---|---|---|---|
| Tagline | CFTC-regulated · trade $25, get $25 | CFTC-regulated US app · deposit $10, get $50 | Social sports predictions · ranked #4 |
| Best for | politics, weather | politics, crypto | sports, entertainment |
| Legal note | New users only. 18+. Regulated by the U.S. Commodity Futures Trading Commission. Event contract trading involves significant risk. | 18+. Polymarket US is CFTC-regulated. iOS app only. Trading is risky; 100% loss can occur. | Eligibility rules apply. 21+. Review the platform's current terms before participating. |
| Sign up | View Polymarket → | 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.