Polymarket vs Kalshi

Honest, sharpness-first comparison. Numbers come from our own coverage data and public sportsbook documentation — and they never change which book wins on a given line in our EV ranking.

Polymarket

prediction
Polymarket — no link

Kalshi

prediction
Kalshi — no link
MetricPolymarketKalshi
Sharpness (1–5)4 / 54 / 5
Typical 2-way width
Lower is sharper.
Leagues covered1512
Payout / limitsOn-chain settlement (USDC). No KYC for non-US.CFTC-regulated event contracts. ACH funding.
Geo availabilityGeo-blocked in the US (as of 2024).Available in all 50 US states.

Polymarket

  • True consensus pricing
  • On-chain transparency
  • Deep elections / news markets
  • US-blocked
  • Crypto onboarding friction
  • Thin sports liquidity

Kalshi

  • CFTC-regulated
  • Available in CA/TX/etc.
  • Sports event contracts expanding
  • Lower liquidity than Polymarket on news
  • Limited prop coverage

Sharps' bottom line

Sharpness is similar, but Polymarket covers more leagues — usually the better single-book pick. Either way, you'll find better prices by comparing both against the rest of the market.

Parlae earns a referral commission when you sign up through some books. It never changes our ranking — best edge always wins. How we make money →

See +EV →