Kalshi is the largest legal and federally regulated prediction market app in the U.S., where you can make money by predicting real-world events, including soccer, baseball, golf, and other sports. Trade real outcomes in a federally regulated prediction market. Perfect for sports trading, event trading, forecasting, futures-style markets, and real-world predictions. It’s like trading stocks — but instead, you trade on events you understand. Predict whether an event will happen or not, and earn money if you’re right. Join 10M+ users trading thousands of prediction markets across finance, weather, culture, sports, and more. FINANCIAL MARKETS Daily S&P 500, Nasdaq 100, WTI oil ECONOMIC MARKETS Fed interest rates, Inflation (CPI), GDP, Recession, Gas prices, Mortgage rates CLIMATE MARKETS Hurricane strength, Daily city temperatures, Tornado numbers CULTURE MARKETS Billboard 100, Oscars, Grammys, Emmys, #1 Hits HOW KALSHI WORKS Kalshi is the largest federally regulated prediction exchange where you buy and sell contracts based on event outcomes. Example: NASA announces a manned mission to the moon. Contract prices reflect trader probability estimates. If you think the event will happen, you buy contracts. Contracts cost between 1¢ and 99¢ and can be sold anytime. At market close, each correct contract is worth $1. TRADE SPORTS Kalshi lets you trade on real sports outcomes across football, baseball, basketball, golf, MMA, tennis, and more. Trade pro and college sports with highly liquid prediction markets. HOW IS KALSHI REGULATED? Kalshi is federally regulated as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC). Kalshi’s affiliate, Kalshi Klear LLC, is a CFTC-regulated clearinghouse that holds member funds and clears trades. TRADE YOUR CONVICTIONS Find prediction markets that match your views. If you think a recession is coming, trade recession and S&P markets. Put your money behind your forecasts. REDUCE FINANCIAL RISK Hedge against events that could impact your finances. If you hold stocks, trade Fed and inflation markets to help protect your portfolio. KALSHI VS. STOCKS Event contracts are direct. You trade the outcome of an event, not the future stock price of a company. Profits are not tied to company performance. No pattern day trading restrictions. Trade as much or as little as you want, anytime. In stock trading, you can be right and still lose money due to market sentiment or news. Prediction markets remove that layer. KALSHI VS. OPTIONS Event contracts are simpler. Options pricing depends on multiple complex factors. Kalshi contracts reflect straightforward event probabilities. No time decay. If the event odds stay the same, contract value stays stable. HOW MUCH MONEY DO I NEED TO START? Open and maintain a Kalshi account for free. Prediction markets require less capital than traditional trading, making it easier to diversify without risking large amounts. ADVANCED TOOLS & API ACCESS Build trading algorithms in Python with starter code and a dedicated package. Start in minutes with documentation. Access open-source tools from the Kalshi developer community. 18+ only. Restrictions and eligibility requirements apply. Trading event contracts and trading leveraged products, including perpetual futures, 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. Additional perpetual contract offerings are subject to applicable regulatory review and approval, and availability may vary. Leverage amplifies both potential gains and potential losses, and losses can exceed the amount deposited. Leverage limits are determined by KalshiEX LLC or the FCM based on its own risk assessment and each customer's individual risk profile, and are subject to change.