Prediction Market Sites Like Kalshi for August 2026

A Little About Kalshi—and Whether It Makes Sense to Find Alternatives

Kalshi is one of the most trusted platforms for trading prediction markets in the US. It owes that largely to being the first CFTC-regulated exchange dedicated to event contracts, a designation it received in 2020. Like every other prediction market platform, you trade by choosing a Yes or No option on specific event outcomes. If things settle in your favor, you get a payout. That said, there are a few other reasons why people prefer Kalshi. These include 13+ categories to trade, downloadable apps for Android and iOS, and its beginner-friendly interface.

These are the basic things any user will need, so if you're looking for an alternative, the platform should offer these as well. However, what would move the needle most is finding alternatives with greater market depth for specific categories. That’s one of the things we considered when selecting the brands we’ve featured on this page. We will discuss the criteria for choosing each one later on, but first, let’s do a quick comparison.

Comparing the Top Apps Like Kalshi

This is a quick look at how the top 5 alternatives compare to Kalshi.

Crypto.com — Best Alternative for Crypto Enthusiasts

Crypto.com: Pros & Cons

• Competition-based promotions
• iOS & Android apps
• Minimalist website design
• Beginner-friendly

• No email support

Crypto.com stays true to its name because this is where you will find the best market depth if you prefer crypto price and event predictions. We found during our Kalshi review that most of the crypto markets are price-based and under a single group.

You can download the Crypto.com application for iOS and Android, though prediction market access varies by state and is subject to regulatory approval in each jurisdiction, so it's worth checking whether it's supported where you live.

We should also add that this is one of the most regulated prediction trading platforms globally, so you can expect over a dozen licenses in total.

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.

OG — Best Sports Coverage and Market Depth

OG: Pros and Cons

• Secure and regulated by the CFTC
• No user limiting on trades
• Wide range of market categories
• Great National Championship offer

• Sports contracts are restricted in some states

From what we’ve seen, OG is not in the business of competing with Kalshi in areas like politics and entertainment, even though they cover those categories too. The platform’s main focus is sports, including the most mainstream ones like soccer and niche options like college baseball and F1. You’ll find markets from all the top leagues on the website and app.

This is a much newer platform, and it already has fantastic reviews on the Google Play Store and Apple App Store. Note that availability depends on your state, so it's worth confirming that OG operates where you live before signing up. Moving on from sports, if you click on the “more” option, you’ll find climate, politics, culture, crypto, companies, economics, and finance.

Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a OG ) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations. 

Polymarket—world-Renowned Decentralized Events Trading Platform

Pros and Cons of Polymarket

• Licensed by CFTC
• Covers various real-life events
• Dedicated mobile app

• Restricted in Nevada

There are only a few people who have heard about event contracts and have not heard about Polymarket. After some time away, they returned to the US market in late November 2025, following CFTC approval of an amended designation order for the exchange Polymarket acquired (QCEX), making it a top alternative to Kalshi. From the table, you’ll see that this contender has 3 more categories than Kalshi, so there are more options for you to choose from.

If you also click on “new,” you’ll find many more categories that you can explore. They are also CFTC licensed, so you are assured of the same level of security that you’re used to on the Kalshi platform. Overall, it is the best place to consider if you have a very broad interest or are curious about current trends across the world.

Robinhood—strong Reputation in the Trading World and a Decent Option for Event Contracts

Robinhood: Pros and Cons

• Fully regulated via CFTC oversight
• Integrated into the main Robinhood app
• 4 billion+ contracts traded within its first year

• Event contracts blocked in Maryland, sports contracts blocked in Nevada

Robinhood wasn’t always an events contract platform; it was more for regular trading. However, they have been able to ride on the trust they built with their initial product and have become a top Kalshi alternative. You will be able to trade events across 14 categories, including sports prediction markets, foreign exchange, commodities, education, elections, and climate.

Compared to Kalshi, the Robinhood interface is a lot to take in at first glance. You’ll need to take some time to study it so that you can get around more easily. Its apps are fantastic, and we’ve not had to deal with any bugs or crashes so far.

Underdog — Sports-Heavy Event Trading

Underdog: Pros and Cons

• Available in 38 states + DC
• Wide range of prediction markets
• Awesome mobile app
• Quality customer support

• No welcome offer

We tried to find the events trading feature for Underdog on the website, but we only saw picks for daily fantasy sports. However, after our account verification, the button for prediction markets became accessible. Also, once we downloaded the dedicated mobile applications for Android and iOS, we were able to explore the prediction markets.

They are obviously sports-first since that has always been their main focus. As such, you can expect markets for NBA, NFL, UFC, and MLB, among others.  There are also a few other non-sports markets like politics, economy, and entertainment.

Trading derivatives involves risk and may not be appropriate for all. For more information visit: https://www.nadex.com/rules and https://underdogfantasy.com/rules. For Crypto.com Predictions, the term "pick" refers to a product traded on CDNA.

How We Choose the Best Prediction Market Apps Like Kalshi

You can easily pick any other prediction market app and make the basic yes or no picks on outcomes. However, if you want something that matches the quality of services that Kalshi offers, then you have to consider a few key details. Here are the top three things we look for:

Pros and Cons of Apps Like Kalshi

Before you make a pick from the top Kalshi alternative apps here, consider these pros and cons:

Pros and Cons

• Support for Android and iOS software downloads
• Accessible in 20+ states
• Coverage of at least 8 categories

• Some apps may have fewer categories than Kalshi

Final Thoughts on Apps Like Kalshi

While we have shared the best applications that can substitute for Kalshi based on our knowledge and first-hand tests, every user still has a preference.

As such, when you're ready to make a pick from our list, take your time to choose based on the features that appeal to you the most. Also, pay attention to the more general requirements, such as the supported categories, whether the app is available in your state, and how secure it is.

With all of these boxes ticked, you’re up for a good time exploring these prediction market apps like Kalshi. Some of them even have special welcome offers, which can be a good way to start testing them. Click any of the banners on this page to register with the Kalshi alternative you prefer.

Try These Top Sports Prediction Bonuses

FAQs on Apps Like Kalshi

Trade Responsibly

Prediction markets involve financial risk, and outcomes are never guaranteed. In light of this, trading should always be controlled and enjoyable. Keep your activity in check by following responsible trading practices such as:

Set a Budget:

Only trade money you can afford to lose and stop when your budget is reached.

Don't Chase Losses:

Avoid increasing trade size or frequency to recover losses.

Trade with a Clear Head:

Don't trade when stressed, tired, emotional, or under the influence.

Set Time Limits:

Take breaks and avoid letting trading interfere with daily life.

Know Your Stuff:

Learn how contracts, pricing, fees, and settlement work before trading.

Use Platform Controls:

Use spending limits, account history, or self-exclusion tools where available.

For guidance on responsible trading and risk awareness, the following free official resources are available:

SEC OIEA

FINRA

To make sure you get accurate and helpful information, this guide has been edited by Mac Douglass as part of our fact-checking process.