Kalshi guide
A regulated US exchange where you buy YES or NO on real events, priced in cents — not a sportsbook.
A Kalshi price is a chance written in cents. YES at 62¢ costs you 62¢ and pays $1 if the event happens, nothing if it doesn't — so the market is saying about a 62% chance.
- Today's Kalshi positionsThe contracts we bought today, with the price paid and how each one settled.
- How Kalshi worksPrices run 1¢ to 99¢ and pay $1 if you're right, nothing if you're not.
- Kalshi promo codeThere is no code to type — what the sign-up offer actually pays.
- Is Kalshi legal?Federally regulated, and challenged by some states over sports markets.
- Kalshi vs FanDuelKalshi's stated trading fee versus the cut a sportsbook builds into its prices.
- Kalshi vs RobinhoodRobinhood routes its event trades through Kalshi.
- Polymarket vs KalshiRules, fees and what each one covers.
- Kalshi vs DraftKingsTrading against other people versus betting against the house.
Parlae earns a commission when you sign up through some books. It never changes our ranking — the best price always wins. How we make money →
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