Before we can get stuck into each platform, let’s first recap how prediction markets work. If you did not know, these are platforms which allow you to trade on the outcome of real-world events. Generally, every future event prediction trade is in binary form (Yes/No), with winning positions settled at $1 and losing positions at $0.
It is common to find market prices ranging from $0.01 to $0.99, but just remember that prediction sites do not set their own prices; instead, the value of every prediction contract is based on the number of trades made by other individuals on the likelihood of a specific event occurring. The higher the price, the more likely it is that prediction traders believe a specific event will occur.
Who Is Kalshi?
Kalshi is one of the biggest prediction market sites and was among the first platforms to be regulated by the Commodity Futures Trading Commission (CFTC). As a CFTC-regulated peer-to-peer prediction exchange, Kalshi operates as a Designated Contract Market (DCM) and is federally available in all 50 US states.
At the time of writing this comparison guide, all new users are welcomed on Kalshi with a $10 prediction trading reward. Once you sign up using the promo code found on the banners on this page and make $10 in qualifying prediction trades (win or lose), the $10 credit will be released.
The Kalshi prediction markets offer options on six core future events: sports, culture, economics, politics, crypto, and climate outcomes. Depending on the specific future event prediction contract, it is common to find high market volumes on Kalshi, with some markets having over $3,000,000 liquidity. Kalshi has both trading and non-trading fees, including specific fees for purchasing prediction positions and for depositing and withdrawing using a debit card (a 2% processing fee).
Who Is Crypto.com?
If you have been trading on Crypto.com, you would be familiar with the brand. However, recently, Crypto.com has also ventured into the prediction market scene. Prediction trading is facilitated through Crypto.com Derivatives North America (CDNA), a CFTC-regulated Designated Contract Market.
At the time of writing, while Crypto.com prediction trading is available federally in the US, there are some restrictions. Currently, New York and Arizona residents are not allowed to trade on any markets, while Ohio, Nevada, Maryland, Michigan, New Jersey, Massachusetts and Illinois residents cannot buy and sell future event sports prediction positions.
As covered in our Crypto.com review, while there is a welcome bonus, this is not available for prediction trading. Similar to Kalshi, the future event prediction contracts on Crypto.com include sports, politics, economics, crypto, culture and climate outcomes. All the prediction contracts are available in English, and you will find both exchange and technology trading fees.
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.
We have shared plenty of details on both Crypto.com and Kalshi, so if you are looking for a brief roundup, you can check out the table below, which provides a side-by-side comparison of Kalshi and Crypto.com:
Pros and Cons: Kalshi Vs Crypto.com
Pros and Cons
- CFTC-regulated DCMs
- Available in most US states
- High market liquidity
- Legal pushbacks in some states
We have reached the end of our Kalshi vs Crypto.com comparison guide, and the main takeaway is that both prediction sites are excellent choices for US prediction traders, and the final decision comes down to preference. Since both platforms are CFTC-regulated and operate as DCMs, you should not have any issues buying and selling future event prediction contracts. However, we recommend double-checking the availability and latest news for both platforms before signing up.
If you are thinking of signing up, then we recommend using both sites, as Kalshi has tailored prediction trading bonuses, while Crypto.com has a broader range of available cryptocurrency tokens to use on the platform. To sign up at either platform, you can use the banners on this page. Remember to be responsible when trading prediction positions and have fun.
Compare Key Features Between Kalshi and Crypto.com
❓ Are Kalshi and Crypto.com Secure for US Prediction Traders?
Yes, both sites are CFTC-regulated and provide a secure prediction trading experience for all users. There are advanced safety measures as well, including password-protected accounts, KYC checks and an encrypted banking platform.
🤔 Which Is the Better Choice Between Crypto.com and Kalshi?
There is no better choice between these prediction market platforms. Both have their own standout features, and choosing between them comes down to user preferences. You can sign up for both platforms by using the relevant banners on this page.
😁 What Types of Future Event Prediction Contracts Are Available?
When using Kalshi and Crypto.com, all prediction traders can buy and sell future event prediction contracts for sports results, political outcomes, crypto projections, climate forecasts, pop culture predictions, and economic indicators.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA 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. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
For guidance on responsible trading and risk awareness, the following free official resources are available:
To make sure you get accurate and helpful information, this guide has been edited by
Jason Bevilacqua
as part of our fact-checking process.
Advertiser disclosure
