Kalshi alternatives: prediction market apps compared
Kalshi is a U.S. event-contract exchange regulated by the Commodity Futures Trading Commission (CFTC), and it is one of several prediction market platforms you may compare.
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By Sean O'Meara
Some traders look at Kalshi alternatives because they want different market categories, funding methods, app design, crypto-native access, or forecasting practice without real-money trading.
This article is for informational purposes only and should not be construed as financial or investment advice. Trading involves risk.
The product data is as of July 2026. Please check the prediction platforms websites for up-to-date information.
What is Kalshi?
Kalshi is a U.S. event-contract exchange regulated by the CFTC as a designated contract market (DCM). Its markets let eligible users trade contracts tied to defined outcomes, with rules that name the settlement source, deadline and result.
The prediction markets platform centers on regulated event contracts, U.S. dollar funding and detailed market rules. Some Kalshi alternatives put more emphasis on mobile discovery, crypto-native markets, social forecasting or play-money prediction.
Why look for a Kalshi alternative?
Comparing Kalshi alternatives is usually about fit, not finding one platform that works for everyone. You might want different market categories, funding methods, fees, geographic availability, app design, API access, or a way to practice forecasting without real-money trading.
Some platforms focus on regulated event contracts. Others lean more toward crypto-native markets, mobile discovery, political forecasting, sports and culture markets or play-money prediction. That mix changes how you browse markets, read prices, review rules and manage risk.
The best comparison starts with the basic questions:
- What markets are available?
- Who can use the platform?
- How does funding work?
- What fees apply?
- How does each contract settle?
Best Kalshi alternatives to compare
Platform | Regulation | Markets | Features | Fees | Availability |
OG.com | CFTC-regulated event contracts through NADEX / OG Prediction Markets | Sports, crypto, financials, commodities, economics, politics, culture, tech, climate | App-first browsing, live markets, market rules, trade slip, position monitoring | Market-level costs and fees | Available in the US, subject to legal restrictions. |
Polymarket | Polymarket US: CFTC-designated contract market / Global: crypto-native, blockchain-based | News, politics, crypto, sports, culture and other events | Polymarket US: order placement, market rules, settlement, limits, position monitoring / Global: wallet-based access, blockchain settlement | Polymarket US: debit card, ACH, wire, fee schedule / Global: USDC deposits and withdrawals, possible third-party fees | Polymarket US: eligible U.S. users / Global: U.S. trading restricted |
Robinhood | Broker-app access to event contracts | Sports and other event contracts, depending on availability | Mobile app access, contract prices, official settlement sources, position management | Exchange fees, Robinhood commissions, account funding through Robinhood | Eligibility based on profile, experience and state |
PredictIt | Political prediction market under CFTC no-action framework | Elections, politics, public affairs | Political markets, contract rules, comments, research-focused structure | 10% profit fee, 5% withdrawal fee | U.S. access under specific no-action conditions |
Manifold | Play-money social prediction platform | User-created markets across news, politics, AI, sports, culture, personal questions | Mana, user-created markets, community forecasts, comments | No purchase required, play-money currency called mana that can’t be converted to cash | Free-to-play forecasting site |
Metaculus | Forecasting platform, not a trading exchange | Forecasting questions, tournaments, global topics | Probability forecasts, scoring, aggregation, comments, tournaments | No standard trading deposit, no purchase required for tournaments | Online forecasting platform |
OG.com
OG.com is an app-first prediction market experience with access to CFTC-regulated event contracts through Crypto.com | Derivatives North America (NADEX). Its public pages show categories including sports, politics, crypto, economics, culture, tech, financials and climate.
OG is worth comparing if you want a mobile-first place to browse event contracts, check prices, read rules and monitor positions. Before trading, review the market rules, fees, settlement source and risk.
Polymarket
Polymarket is a major name in prediction markets, but its U.S. and global products work differently. Polymarket US refers to QCX LLC d/b/a Polymarket US, which the CFTC lists as a DCM. The global Polymarket product is crypto-based and runs on blockchain technology.
If you’re in the U.S., check which product you’re looking at. Polymarket US is the regulated U.S. path, while the global product has geographic restrictions for U.S. users.
Robinhood Prediction Markets
Robinhood offers event contracts inside its investing app, rather than through a standalone prediction market app. That makes it a useful comparison point if you already use Robinhood and want prediction markets in the same place.
Commissions and exchange fees may apply. Access depends on product availability, eligibility rules, state restrictions and the exchange offering the contract.
PredictIt
PredictIt is a long-running political prediction market connected to an educational and research framework. It’s most relevant for people focused on U.S. politics.
Its fee model differs from many newer prediction market apps. PredictIt charges 10% of profit on profitable trades and a 5% withdrawal processing fee.
Manifold
Manifold is a play-money prediction platform built around user-created markets. Instead of real-money event contracts, it uses mana, a non-redeemable currency for making forecasts.
That makes it closer to a forecasting community than a Kalshi-style trading platform. It’s useful for comparing how prediction markets work without adding real-money trading risk.
Metaculus
Metaculus is a forecasting platform, not a trading exchange. Users submit probability forecasts, join tournaments and compare their predictions with aggregated forecasts from the community.
It fits best as a way to practice forecasting and study probability without trading real-money event contracts. Tournaments don’t require a purchase, fee or payment to participate.
How to compare Kalshi alternatives
Regulation and eligibility shape what you can access and how each market works. One option may be a CFTC-regulated exchange. Another may be a broker interface, a crypto-native market, a research market or a play-money forecasting site.
Market selection (types of prediction markets) should match the events you want to follow. A platform may offer strong macro coverage but fewer sports, culture, crypto or tech markets. Before trading a contract, read the settlement rules and check the source named in the market. That source determines how the outcome gets resolved.
Fees, funding, liquidity, app experience and geographic access can change the cost and usefulness of each platform. Check spreads, payment methods, supported locations and the fees tied to entering, exiting or withdrawing funds.
Are Kalshi alternatives safe?
Safety depends on the type of platform you’re using. CFTC-regulated event-contract exchanges operate under a regulatory framework, but regulation doesn’t remove trading risk. A contract can still settle at $0, and fees can reduce your final result.
Crypto-native platforms can add other considerations, including wallet custody, crypto-asset exposure, geographic restrictions and smart-contract design. Play-money and forecasting platforms remove real-money trading risk, but they also work differently from real-money event-contract markets.
How to trade prediction markets on OG.com
In the OG.com app, you can access CFTC-regulated event contracts and review each market before trading.
- Create an account: Download the OG app or sign up online, then complete the required steps.
- Browse markets: Look across sports, politics, culture, crypto, economics, tech, financials and climate.
- Review and trade: Check price, rules, fees, settlement source and potential payout before opening a position.
- Monitor your position: Track price movement as new information comes in.
FAQs about Kalshi alternatives
What is the best alternative to Kalshi?
There’s no single best alternative to Kalshi. The right fit depends on whether you want regulated event contracts, crypto-native markets, political markets, sports and culture contracts or free forecasting practice. Some options include OG.com, Polymarket, Predictit, Robinhood.
What apps are similar to Kalshi?
Apps and sites like Kalshi include OG.com, Polymarket, Predictit, Manifold, and Robinhood. They differ in regulation, funding methods, market categories, fees and whether they use real money.
Are there other CFTC-regulated prediction markets?
Yes. CFTC records list designated contract markets beyond Kalshi, including QCX LLC d/b/a Polymarket US, while OG.com provides access to CFTC-regulated event contracts through CDNA.
Is Polymarket an alternative to Kalshi?
Polymarket can be a Kalshi alternative for crypto-native prediction markets, but U.S. access and product structure need careful review.
Can US users access Polymarket?
U.S. users should distinguish between Polymarket US and the global Polymarket platform. Polymarket US has a CFTC-regulated path through QCX LLC d/b/a Polymarket US, while Polymarket’s global/on-chain product restricts U.S. users from depositing or trading.
What is the difference between Kalshi and PredictIt?
Kalshi is a CFTC-regulated event-contract exchange, while PredictIt has historically operated under CFTC no-action relief for an educational political prediction market.
Which prediction market apps offer sports event contracts?
OG.com, Kalshi, Robinhood and Polymarket-related products may show sports event contracts, depending on current rules and eligibility.
Are there prediction market apps that don’t use real money?
Yes. Manifold uses play money, and Metaculus focuses on forecasts, scoring and tournaments rather than real-money trading.
How should I compare prediction market fees?
Compare trading fees, withdrawal fees, deposit costs, spreads and whether fees apply when entering, exiting or settling a contract.
Are prediction markets legal in every US state?
No. Availability can vary by platform, state, contract type and eligibility rules, so check the current terms before signing up.
Important Information: Prediction is an event contract that is a derivatives product offered by North American Derivatives Exchange, Inc. (NADEX), a CFTC-regulated exchange, which does business under the brand OG.com Prediction Markets (OG) Crypto.com | Derivatives North America and uses a CFTC-regulated exchange that uses OG.com technology.
Trading on OG.com involves risk and may not be appropriate for all. By trading you risk losing your cost to enter any transaction, including fees. You should carefully consider whether trading on OG.com is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk.