
Kalshi is a popular prediction market app in the United States. However, it’s not the only one. There are other apps like Kalshi, which you can check out if you’re looking for an alternative.
We’ll make the selection process easy for you. After close-up reviews and comparisons, we found the top three Kalshi alternatives to consider: Crypto.com, Polymarket, and Underdog Predict. Each one follows the prediction market trading model with event contracts, and they work in the US. Read on as we discuss how the platforms work and areas where they stand out.
Not every Kalshi alternative offers the same strengths. Use the options below to quickly match the platform to the type of prediction trading you want.
Polymarket is the closest fit if you want a broad prediction market experience with sports, politics, crypto, and other real-world events. Its market-driven pricing and live trading setup also make it feel familiar if you already understand how Kalshi works.
Crypto.com is the better choice if cryptocurrency markets are your main priority. It offers short-term and longer-duration crypto prediction contracts while keeping them integrated within the wider Crypto.com app and ecosystem.
Underdog Predict is a strong option if you mainly want to trade on sports outcomes. Its prediction markets sit inside the broader Underdog app, giving sports-focused users a familiar mobile experience with event contracts tied to major games and leagues.
If you’re looking for alternative prediction markets to Kalshi, there are actually multiple options in the US. We spent several days testing them, and the platforms below emerged as the best:
| Platform | Welcome bonus | Key features |
| Polymarket | Deposit $10, get $25 in trading credits | Broad sports, politics, crypto, and culture markets; live order-book trading; implied probabilities; mobile and web access |
| Crypto.com | Earn up to $300 in CRO | Strong crypto prediction offering; sports and financial event contracts; integrated with the Crypto.com app; early position closing on eligible markets |
| Underdog Predict | First time deposit match up to $1,000 in Bonus Funds | Sports-focused event contracts; integrated into the Underdog app; mobile-first experience; access to regulated prediction-market infrastructure |
The Crypto.com mobile app is our best Kalshi alternative if you want to trade on cryptocurrency outcomes. On the platform, we counted 15+ digital coins and tokens, more than some other apps offer. Among them are BTC, ETH, LTC, DOGE, XRP, and more.
Crypto.com lets you trade on the price movements of each cryptocurrency. For instance, you can predict whether the price of BTC will reach a specific threshold within a given timeframe. You can filter the markets by 5-minute, 20-minute, 2-hour, daily, or weekly intervals.
Besides crypto, Crypto.com also offers prediction markets for politics, economics, sports, financials, and culture. Based on our review, you can’t use the app if you’re in Arizona or New York. Also, some states are excluded from trading sports event contracts.
Crypto.com also has one of the strongest mobile setups among Kalshi alternatives. Prediction Trading is built directly into the main Crypto.com app, where you can fund a USD Cash Account by ACH, wire transfer, Instant Deposit, or by converting supported crypto into USD. The app currently has a 4.7/5 rating on the US App Store and 4.4/5 on Google Play, with prediction markets sitting alongside its crypto, stock, and ETF products. Eligible positions can also be closed before settlement, while both market and limit orders are supported.
| 📊 Crypto.com details | Current offering |
| 🎁 Welcome bonus | Earn up to $300 in CRO |
| 📱 iOS rating | 4.7/5 |
| 🤖 Android rating | 4.4/5 |
| 💳 Funding methods | ACH, wire transfer, Instant Deposit, or supported crypto converted to USD |
| 📈 Order types | Market and limit orders |
| 🔄 Early exit | Positions can be closed before settlement |
| 📲 Mobile access | Crypto.com App on iOS and Android |
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn’t guarantee future results. This is not a solicitation or recommendation to trade.
In terms of popularity, the Polymarket app is the number one alternative to Kalshi. However, we recommend the platform for its sports event contracts, not just for its fame. Polymarket lets you trade on results for 14+ sports, including football, basketball, tennis, baseball, hockey, soccer, and more.
On Polymarket, you’ll see popular outcomes such as game winner, spread, and totals for most games. Additionally, the app supports player props and futures, and you can trade live while games are in progress. By default, the platform displays the contract prices in USD. However, you can adjust it to appear like moneyline odds.
For example, we switched from price to moneyline odds, and a $0.32 contract became +213. Remember that apps like Polymarket and Kalshi are not online sportsbooks. Even though you can adjust the prices to look like traditional odds, you’re still trading event contracts, not betting.
Polymarket US also has a competitive signup offer and a strong mobile product. New users can currently deposit $10 and receive a $25 trading bonus with an eligible promo code, giving them additional trading credit to use across available markets. The Polymarket US iOS app currently holds a 4.6/5 App Store rating, and US users can fund their accounts through methods including ACH, debit card, and wire transfer. The app also supports live peer-to-peer trading, so you can enter or exit positions before settlement when another trader is available to take the other side.
| 📊 Polymarket details | Current offering |
| 🎁 Welcome bonus | Deposit $10, get $25 in trading credits |
| 📱 iOS rating | 4.6/5 |
| 🤖 Android app | Not currently confirmed for Polymarket US |
| 💳 Funding methods | ACH, debit card, and wire transfer on Polymarket US |
| 🔄 Early exit | Contracts can be sold before settlement if there is a willing buyer |
| 🌐 US access | Polymarket US app; separate from the international Polymarket.com platform |
| ⚖️ Regulation | CFTC-regulated US prediction market exchange |
Underdog Predict is a strong Kalshi alternative if sports event contracts are your main priority. The prediction product sits inside the wider Underdog app, so users familiar with its fantasy sports offering can access prediction markets without moving to a completely separate platform. You can trade contracts tied to real-world sporting outcomes, with available markets covering popular leagues and events.
One thing that makes Underdog Predict interesting is the infrastructure behind its markets. Underdog Predict operates as a CFTC-registered futures commission merchant, while event contracts may be offered through regulated exchanges including Underdog’s own UDX exchange, Kalshi, and Crypto.com Derivatives North America, depending on the market.
The app also supports more than straightforward game-winner outcomes. Depending on the event, you may find contracts covering moneylines, spreads, totals, and other sports outcomes. Underdog has also expanded its prediction-market operation beyond third-party exchanges after launching its own federally regulated exchange in 2026.
For existing Underdog users, the biggest advantage is convenience. Prediction trading is integrated into the same Underdog ecosystem used for its other products, giving the platform a familiar, mobile-focused interface. Availability still varies by location, so check that Underdog Predict and the specific event contracts you want to trade are accessible where you live.
| 📊 Underdog Predict details | Current offering |
| 🎁 Welcome bonus | First time deposit match up to $1,000 in Bonus Fund |
| 📱 iOS rating | 4.8/5 |
| 🤖 Android rating | 4.7/5 |
| 💳 Prediction funding methods | Debit cards, credit cards, Apple Pay, and Trustly |
| 🏈 Main market focus | Sports event contracts, including game winners, spreads, totals, and player picks |
| 💵 Contract payout | Winning contracts settle at $1; losing contracts settle at $0 |
| 🔄 Early exit | Cashout may be available before settlement, depending on the market |
| 📲 Mobile access | Underdog app on iOS and Android |
| ⚖️ Trading infrastructure | Contracts may be offered through UDX, Kalshi, or Nadex/Crypto.com |
Kalshi remains one of the most established prediction market platforms in the US, and there are several areas where it still has an edge over alternatives such as Polymarket, Crypto.com, and Underdog Predict:
Kalshi is a strong all-round prediction market, but it is not automatically the best option for every trader. Polymarket, Crypto.com, and Underdog Predict each have areas where they may offer a more convenient or specialized experience:
Fees vary considerably between prediction market platforms, so an alternative to Kalshi is not automatically cheaper. The amount you pay can depend on whether you add or take liquidity, the type of market you trade, the contract price, and – in Underdog Predict’s case – the exchange powering the market.
Here’s how the main Kalshi alternatives compare:
| 💰 Fee type | Kalshi | Polymarket | Crypto.com | Underdog Predict |
| 📊 Main trading fee | Variable fee based on contract price and expected earnings | Variable taker fee depending on market category | Sports: variable formula; crypto and financial markets: $0.02 per contract | Exchange fees apply and can vary depending on whether the market is powered by UDX, Kalshi, or Crypto.com | Nadex |
| 🏗️ Maker fee | Some markets charge maker fees; others do not | $0 maker trading fee | Sports maker orders use a reduced variable fee; crypto remains $0.02 per contract | Depends on the underlying exchange and market |
| ⚡ Taker fee | Variable; generally highest around contracts priced near 50¢ | Varies by category; crypto and sports markets can carry taker fees | Sports use a variable taker formula; crypto and similar financial contracts cost $0.02 per contract | Depends on the exchange supplying the contract |
| 🏆 Settlement fee | No separate fee for settlement | No separate settlement fee | No fee when a position settles in or out of the money | No separate payout fee stated; applicable exchange fees are included when contracts are purchased |
| 🔄 Early exit | Normal trading fees may apply when selling your position | Standard maker/taker rules apply when selling before settlement | Normal contract trading fees apply when closing a position early | Cashout may be available; the value and applicable fees depend on the current market and exchange |
| ⭐ Best fee advantage | Transparent variable exchange pricing | No maker trading fees and fee-free trading on some market categories | Simple $0.02-per-contract pricing on crypto, FX, commodities, and indices | Convenient access to several regulated exchanges from one app |
Polymarket can be cheaper if you place resting maker orders because makers are not charged trading fees. Its taker fees vary by category, with some markets – including certain geopolitical markets – charging no platform trading fee at all.
Kalshi uses a variable fee formula based partly on the contract price, so your cost changes from trade to trade. Some Kalshi markets also have separate maker fees, which means it is worth checking the fee schedule attached to the specific contract before entering a position.
Crypto.com is easier to calculate for crypto and several financial prediction categories because it currently charges $0.02 per filled contract. Sports prediction contracts use a variable maker/taker fee formula instead.
Kalshi supports one of the broadest payment lineups, including ACH bank transfers, debit cards, PayPal, Venmo, crypto, wire transfers, Apple Pay, and Google Pay. Its fastest withdrawal methods can be relatively quick, with debit-card payouts often arriving within a few hours and crypto withdrawals typically reaching a wallet within 30 minutes.
The alternatives are competitive, but each has a different setup. Polymarket relies heavily on crypto transfers, Crypto.com combines bank and crypto funding within its wider ecosystem, while Underdog Predict uses familiar consumer payment methods but generally has a longer withdrawal-processing window.
| 💳 Platform | Funding methods | Withdrawal methods | Typical withdrawal time |
| Kalshi | ACH bank transfer, debit card, Apple Pay, Google Pay, PayPal, Venmo, Cash App deposits, crypto, wire transfer | ACH bank transfer, debit card, PayPal, Venmo, crypto, wire transfer | Debit card: usually within a few hours; crypto: typically within 30 minutes; ACH: a few business days |
| Polymarket | Crypto transfers, including supported tokens and networks; third-party on-ramp options may also be available | Crypto wallet withdrawals | Depends on blockchain processing and network conditions |
| Crypto.com | ACH bank transfer and supported crypto funding within the Crypto.com ecosystem | ACH bank withdrawal and supported crypto withdrawals | ACH: typically 1-3 business days; crypto timing varies by asset and network |
| Underdog Predict | Debit card, credit card, Apple Pay, and Trustly for Prediction Picks | Debit card, Trustly, PayPal, Venmo, and eligible Apple Pay withdrawals | Usually processed within 48-72 hours, with an additional 1-3 business days possible depending on the payment provider or bank |
If usability is your main priority, Polymarket is probably the easiest Kalshi alternative to get comfortable with. Its interface is relatively clean, markets are easy to browse by category, and contract prices are displayed in a way that makes implied probability easy to understand at a glance. The mobile experience is also straightforward, with live markets, positions, and price movement accessible without having to work through too many menus.
Crypto.com is polished on mobile, but the prediction market section sits inside a much larger app that also covers crypto trading, payments, stocks, and other financial products. That makes it convenient if you already use Crypto.com, but it can feel more cluttered if you only want prediction markets. Finding a specific event can take a little more navigation compared with a dedicated prediction platform.
Underdog Predict has the most familiar mobile-first feel for sports users. Prediction markets sit inside the broader Underdog app, and the interface is designed around quick navigation and sports discovery. It is easy to find major games and sports-related contracts, although the wider Underdog ecosystem can make the experience feel less focused if you are mainly interested in non-sports prediction markets.
Kalshi itself still offers one of the more complete trading interfaces, especially on desktop. It gives users detailed market pages, order books, filters, and more advanced trading controls. The trade-off is that this extra depth can make Kalshi feel busier than simpler alternatives, particularly for first-time users.
Overall, Polymarket offers the cleanest all-round user experience, Underdog Predict is strongest for sports-focused mobile users, and Crypto.com works best if you already use its wider app ecosystem.
We didn’t select our top three apps for prediction markets like Kalshi by guesswork. Instead, we evaluated each based on five primary factors, which we’ve explained below:
The prediction market app must be properly regulated in the US, and the Commodity Futures Trading Commission (CFTC) handles that. So, the Kalshi alternative you choose should be CFTC-approved. All three apps we recommend meet this requirement.
However, CFTC regulations only grant federal approval to prediction market platforms. That often means they can operate anywhere in the US, but some states have different online trading laws that don’t permit the app. Therefore, you have to specifically confirm whether the app like Kalshi is available in your state and what markets you can trade.
Apps and sites like Kalshi are popular for prediction markets on sports, politics, and culture. If you find an alternative that covers the three, it’s typically suitable for use. However, it’s best when other categories are present, including economics, climate, crypto, tech, and more.
Besides the prediction markets themselves, you have to check what subcategories are available. For instance, if you’re interested in sports, you have to prioritize popular leagues like the NFL, NBA, NHL, and MLB. Also, you’ll check for outcomes such as the game winner, totals, spreads, props, and futures.
Don’t forget that Kalshi alternatives are not sports betting platforms. They’re also not apps like PrizePicks that offer daily fantasy sports (DFS). You only trade Yes/No event contracts at market-set prices.
If the prediction market app is difficult to use, it can’t be an ideal Kalshi alternative. Kalshi itself has a friendly and neat design, with a top row for browsing prediction markets. Plus, there’s a fixed bottom menu for quick switching to other sections.
The best alternative app should have a similar or even better interface for usability. In our tests, we rate mobile applications that support dark/light modes higher because they’re modern. We also check the speed, from opening an event contract to submission, settlement, and payout.
This factor is non-negotiable because it concerns how you fund your account and cash out. For starters, the payment methods on the best apps like Kalshi must be secure and familiar to US users. We primarily expect credit/debit cards, Apple Pay, Google Pay, PayPal, Venmo, and bank transfers.
Withdrawal speed is another essential factor linked to payment methods. On Kalshi, we often receive payouts within 30 minutes using debit cards, crypto, and e-wallets. Not all alternative apps need to be that fast, but a timeframe of 24–48 hours is too slow.
The fifth area we examine is the customer service team for support. With the best apps similar to Kalshi, you can request assistance 24/7 via live chat or email. The platforms are also heavily active on social media platforms, especially X (formerly Twitter), TikTok, Discord, and Instagram.
It’s also ideal if the prediction market app has a detailed help center or knowledge base. That way, you can understand how certain features work without contacting anyone.
Mobile applications like Kalshi are prediction market platforms. They let you trade on the outcome of real-world events in various areas, such as sports, politics, entertainment, and culture. Each outcome is usually traded as a Yes/No event contract.
Reading the market is pretty simple. If you predict Oklahoma City to win, you buy the team’s Yes contracts at $0.68 each, or you buy No for San Antonio at the same cost. You can also read the prices as a 68% probability of Oklahoma City winning and 33% for San Antonio.
As a probability, the contract prices typically sum up to 1. However, at the best prediction market apps, that’s not always the case due to differences in bid and ask prices. For instance, the Yes/No prices in the NBA event we listed add up to $1.01, so the spread is $0.01.
We must emphasize that sites like Kalshi don’t set prices themselves, unlike online sportsbooks. The prediction markets are peer-to-peer (P2P), and contract rates are based on trends as traders buy and sell. So, more buying results in a higher price, and vice versa.
When the events settle, you receive a $1 payout per contract for correct outcomes. Meanwhile, if the outcome is against your prediction, you get $0.
Since platforms like Kalshi are prediction markets, you don’t have to wait until the events end. You can buy and sell at any time, especially if the price moves in your favor.
Yes, regulated prediction markets can operate legally in the US, but availability is more complicated than a simple nationwide yes or no. Platforms such as Kalshi operate under federal oversight from the Commodity Futures Trading Commission (CFTC), which regulates designated contract markets and event contracts. Crypto.com Prediction Trading and Polymarket US also operate through CFTC-regulated entities, while Underdog Predict routes event contracts through regulated exchanges and operates as a registered futures commission merchant.
The complication is that several states have challenged sports and other prediction contracts under their own gambling laws. As a result, a platform can be federally regulated but still restrict particular markets – or access altogether – in certain states while litigation or regulatory action continues. Availability can therefore differ by platform, state, and even market category.
| ⚖️ Platform | Federal status | US availability | Key state restrictions |
| Kalshi | CFTC-regulated Designated Contract Market | Broad US availability | Access to sports or other contracts is restricted in some states because of ongoing state litigation and court orders |
| Polymarket US | CFTC-regulated Designated Contract Market | Available to US users through the separate Polymarket US product | Availability is not identical nationwide; Nevada currently has notable restrictions |
| Crypto.com | Prediction Trading offered through CFTC-regulated Crypto.com | Derivatives North America | Prediction Trading is offered in the US; the wider Crypto.com app is available in 49 states | New York remains excluded from the wider Crypto.com app, and individual prediction products may have additional restrictions |
| Underdog Predict | Event contracts traded on CFTC-regulated exchanges; Underdog Predict is a registered futures commission merchant | Available in most US states | Prediction Picks are currently unavailable in Arizona, Michigan, Nevada, and New York |
There are plenty of apps and websites that look like prediction markets but do not offer the same level of transparency, regulation, or liquidity as established platforms. If you are comparing Kalshi alternatives, stick to operators that clearly explain who regulates them, how contracts settle, and how customer funds are handled.
Warning signs that an app may not be a strong Kalshi alternative include:
Prediction markets can be engaging, but they still involve financial risk. Event contracts can lose their full value, and fast-moving markets can make it easy to trade more often or with more money than you originally intended.
A few simple habits can help you stay in control:
If trading is becoming difficult to control, support is available through Gamblers Anonymous and the Responsible Gambling Council. Both organizations provide information and support resources for people concerned about gambling-related behavior.
The top apps similar to Kalshi we reviewed have their pros and cons, which we’ve outlined below:
Picking the best apps like Kalshi in the US shouldn’t be difficult. You can sign up with Crypto.com, Polymarket, or Robinhood on our top list. The CFTC regulates the platforms, so they’re legal for prediction market trading, although some state exclusions apply.
In our reviews, we explained the bases for selecting each Kalshi alternative. Consider them and select the right app based on your preferences. When you decide, click the banners on this page to visit the prediction market platform and register.
Kalshi is a prediction market app. If you install it and register, you can trade contracts based on the outcomes of real-world events.
Yes, there are other apps similar to Kalshi in the US. Our best alternatives are Crypto.com, Polymarket, and Robinhood, which you can install on iOS or Android.
No, apps that operate like Kalshi offer prediction markets, not online betting. On the platforms, you buy and sell event contracts representing real-world outcomes. You don’t bet on odds at all.
Yes, websites like Kalshi pay out if your prediction is correct. The payout is $1 per contract, and you can withdraw funds via various payment methods. However, if your prediction is incorrect, you’ll get $0 per contract.
Yes, apps like Kalshi are legal in the US. The platforms usually operate under CFTC regulations, making them approved at the federal level. That said, you still have to check your local regulations to know if you can use the apps.
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