Platform · Event Contracts
Kalshi
The CFTC-regulated US event-contracts exchange · Wall Street's chosen lane into prediction markets, now a $22B unicorn.
- Mechanism
- Event Contracts
- Status
- Live
- Founded
- 2018
- Market types
- Binary
- Audience
- Retail · Sports · Politics · Generalist · Institutional · Forecasters
- Website
- kalshi.com
- @Kalshi
Pricing mechanism
CLOB
Settlement
CFTC-clearinghouse
Strengths
- Only fully CFTC-regulated at scale
- Strongest US institutional distribution
- Best-capitalized in category
- Sports flow recurring high-frequency
- Crypto perps push
Weaknesses
- US-only
- Binary-only
- Off-chain opaque book
- Heavy regulatory dependence
- Insider-trading risk
About this mechanism
Binary outcome derivatives traded on CFTC-designated contract markets, USD-settled. Different regulatory and distribution lane from onchain PMs.