Does Robinhood use Kalshi?

Yes. Robinhood's event contracts are routed to Kalshi's exchange, so the market, the other traders and the settlement rules are all Kalshi's. Robinhood is the storefront and broker; Kalshi is the venue where the contract actually trades.

Are prices different on Robinhood and Kalshi?

The underlying market is the same, so the raw contract price tracks closely. What can differ is the fee each side charges and how much of the market you can see and use — that changes your all-in cost rather than the market price itself.

Which has more markets?

Kalshi, by a distance. Robinhood shows a curated shortlist of headline events inside its app, while Kalshi lists the full catalogue across sports, economics, politics, weather and company events.

Kalshi vs Robinhood

Robinhood's yes/no event bets actually trade on Kalshi's exchange — you're choosing between two doors into the same market.

Stay in Robinhood for the occasional headline event. Go to Kalshi for the full list of markets and the exchange's own trading tools.

An event contract is a yes/no market that pays $1 if you're right. Buy one inside Robinhood and the order goes to Kalshi's exchange, where the price, the other traders and the settlement rules all live.

How they compare

Getting started, fees, markets and trading tools for Robinhood and Kalshi
What is being compared	Robinhood	Kalshi
Getting started	Built in if you already have a funded account — nothing new to open.	Needs its own account and funding.
What it costs	A stated fee per contract.	A stated fee per contract. Compare the all-in cost, not the quoted cents.
Markets available	A curated shortlist of headline events.	The full catalogue — sports, politics, the economy, weather, company events — plus bundles of several picks in one contract.
Trading tools	Simple buy and sell at the current price.	The exchange's own tools: see everyone's offers and name your own price (a limit order).

Availability of event contracts on either platform can vary — check inside the app rather than assuming.

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Common questions

Does Robinhood use Kalshi?
Yes. Robinhood's event contracts are routed to Kalshi's exchange, so the market, the other traders and the settlement rules are all Kalshi's. Robinhood is the storefront and broker; Kalshi is the venue where the contract actually trades.
Are prices different on Robinhood and Kalshi?
The underlying market is the same, so the raw contract price tracks closely. What can differ is the fee each side charges and how much of the market you can see and use — that changes your all-in cost rather than the market price itself.
Which has more markets?
Kalshi, by a distance. Robinhood shows a curated shortlist of headline events inside its app, while Kalshi lists the full catalogue across sports, economics, politics, weather and company events.