What are the best prediction market apps like Kalshi?
- 1Polymarket — best overall Kalshi alternative
- 2ProphetX— best for sports prediction markets
- 3Crypto.com — best for crypto-friendly regulated event contracts
Our top Kalshi alternatives in detail
Polymarket - Best overall Kalshi alternative
Pros
Cons



Payout timeInstant | Year established2020 | Banking options |
ProphetX - Best for sports prediction markets
Pros
Cons



Payout time1-5 days | Year established2024 | Banking options |
Crypto.com - Best for crypto-friendly regulated event contracts
Pros
Cons



Payout time24 hours | Year established2024 | Banking options |
Novig - Another top option for sports
Pros
Cons



Payout time1-5 days | Year established2024 | Banking options |
Other expert-rated prediction market platforms
| Platform | Market types | Fee model | Funding methods | Availability |
|---|---|---|---|---|
| OG.com | Sports, politics, economics, entertainment, culture, crypto, tech, and other event contracts | Contract-based pricing and fees shown before order confirmation | Crypto.com-aligned fiat rails; check exact options in-app | Available in 49 states and DC (not New York); sports-contract access is more limited |
| PrizePicks | Player Picks, Team Picks, Culture Picks, sports outcomes, and seeconomics markets | Team and Culture Picks service fees range from $0.005 to $0.02 per contract | PrizePicks-supported deposit methods; $10 minimum deposit | 36 states + DC for paid DFS; availability varies by pick type |
| Fanatics Markets | Sports, companies, economy, politics, culture, Grammys, and other event contracts | Flat per-contract trading and technology fees; some deposit fees may apply | Shared Fanatics wallet, online banking, debit card, Apple Pay, and wire options | 24 states |
| DraftKings Predictions | Sports, financial event contracts, politics, economics, and other real-world outcomes | $0.01 per contract bought or sold, plus applicable exchange/market costs | Debit cards, ACH, Apple Pay with debit card, Venmo, PayPal, and other supported rails | 38 states for at least some markets; sports markets in 17 states |
A snapshot of Kalshi as a prediction market app
| Factor | What Kalshi offers |
|---|---|
| Market types | Sports, finance, weather, culture, economics, politics, companies, crypto, and other real-world event contracts |
| Fee model | Contract-based fees, with most-market taker fees listed from $0.07 to $1.75 per 100 contracts |
| Liquidity | Stronger in major markets, potentially thinner in niche contracts |
| Funding methods | Traditional cash rails, with method-specific deposit and withdrawal rules |
| Withdrawal options | Bank and supported transfer methods, depending on account setup |
| Mobile app support | Native iOS and Android apps |
| US availability | Broad, but product and state access can vary |
| Regulation or structure | CFTC-regulated designated contract market |
| Best feature | Broad regulated event-contract marketplace |
| Main limitation | Not always the deepest or most specialized option |
Pros and cons of using Kalshi
“Kalshi remains one of the strongest prediction market apps for users who want regulated access, multiple categories, and a familiar cash-based trading flow. The reason to consider Kalshi alternatives is not that Kalshi is weak overall; it's that platforms like Polymarket, Crypto.com, and ProphetX each stand out in different areas.”
Pros
- Broad real-world event coverage
- Federally regulated exchange structure
- Simple yes/no contract pricing
- Native iOS and Android apps
- Multiple market categories in one account
Cons
- Fees and spreads can matter for frequent traders
- Niche markets may not always have deep liquidity
- App experience and support can vary by user
What does Kalshi get right for prediction market traders?
- Kalshi offers regulated event-contract trading
🏛️ Regulation: CFTC-regulated designated contract market
📈 Contract format: Buy “yes” or “no” event contracts from 1¢ to 99¢
💵 Payout structure: Correct contracts pay $1 at settlement
💡 Expert conclusion: Kalshi’s regulated structure is its biggest advantage over many prediction market alternatives. Polymarket may offer broader activity in certain markets, and Novig may be stronger for sports, but Kalshi is a cleaner fit for users who want federally regulated event contracts with straightforward yes/no pricing.
- Kalshi covers a wide range of event markets
🏈 Sports markets: Pro football, basketball, and other sports outcomes
🌦️ Weather markets: Hurricanes, daily temperatures, and tornado counts
🎭 Culture markets: Oscars, Grammys, Emmys, Billboard charts, and more
💡 Expert conclusion: Kalshi works well as an all-rounder because it covers more than one niche. Novig is sharper for sports-only traders, while Crypto.com is better for users who want prediction contracts inside a crypto-friendly app. However, Kalshi is stronger if you want sports, weather, culture, finance, and other events in one regulated platform.
- Kalshi makes pricing easy to understand
💰 Contract prices: Prices reflect the market’s view of an outcome
⭐ Fee range: Most-market taker fees range from $0.07 to $1.75 per 100 contracts
🔄 Trading flexibility: Users can buy and sell contracts before settlement
💡 Expert conclusion: Kalshi’s pricing model is easy for beginners to understand because contract prices double as implied probabilities. The fee schedule still matters, especially for frequent traders, but Kalshi deserves credit for making its standard fee range publicly available.
What could Kalshi do better?
- Some markets could use deeper liquidity
📊 Major markets: Kalshi can be competitive in high-interest event categories
❌ Niche markets: Smaller contracts may be harder to enter or exit cleanly
⭐ Best alternative: Polymarket is often stronger for fast-moving news and high-activity global events
💡 Expert conclusion: Kalshi is a solid all-rounder, but traders focused on liquidity should compare order books before committing. If your priority is active pricing around politics, crypto, global news, or online-culture events, Polymarket may be the better fit.
- Sports-first users may want a specialist app
🏈 Kalshi sports: Sports contracts are available through Kalshi
⭐ Novig comparison: Novig is built specifically around peer-to-peer sports prediction markets
❌ Main trade-off: Kalshi is broader, but not as sports-focused
💡 Expert conclusion: Kalshi is useful if you want sports alongside other event categories. However, if props, futures, live sports, and peer-to-peer sports pricing are your main interests, Novig is a more specialized alternative.
- Crypto-native traders may prefer another setup
🪙 Crypto users: Kalshi is not primarily a crypto-first prediction market app
⭐ Crypto.com comparison: Crypto.com lets users access prediction contracts inside a broader cash-and-crypto app
❌ Main trade-off: Kalshi is simpler, but less integrated with crypto balances
💡 Expert conclusion: Kalshi is better for traders who want a regulated prediction market first. Crypto.com is a stronger fit for users who already manage crypto in-app and want event contracts alongside digital assets, cash balances, and other crypto products.
How we compared apps like Kalshi
| What we compared | Why it matters |
|---|---|
| Market coverage | Shows whether the app is better for sports, politics, crypto, culture, finance, or broad event trading |
| Liquidity | Helps determine how easy it is to enter and exit positions without poor pricing |
| Fees and spreads | Shows the real cost of trading beyond the headline fee |
| Funding and withdrawals | Affects how easy it is to deposit, cash out, and move money between accounts |
| Regulation and availability | Determines where the app can be used and what type of market structure it offers |
| Mobile experience | Matters because prediction markets often move quickly and are frequently traded on mobile |
| Beginner usability | Helps identify whether the app is easy to understand for newer prediction market users |
How to choose the right prediction market app
Fees and total trading cost
Compare trading fees, spreads, slippage, deposit fees, withdrawal fees, and funding friction. A platform can look cheap but become expensive if the market is thin or if you pay extra to move funds in and out. If you’re also comparing sign-up value, check our prediction market bonus page for current offers before choosing an app.
Market coverage
Choose the app that matches what you actually trade. Polymarket and OG.com are great for broad and fast-moving event coverage, Crypto.com is best for users who want prediction trading inside a crypto-friendly app, and ProphetX is strongest for sports.
Liquidity and execution
Liquidity affects how easily you can enter and exit positions. If there are few active users on the other side of a contract, your real trading cost can be higher than the platform’s advertised fee.
Regulation and availability
Availability can vary by platform, state, country, and contract type. Kalshi and Crypto.com offer regulated US event-contract structures, Polymarket’s US app positioning differs from its global product, and Novig operates under a sports-focused sweepstakes model.
Funding methods
Kalshi is stronger for users who want a conventional regulated exchange flow. Crypto.com is better if you want cash and crypto in one app. Polymarket requires more comfort with crypto-style funding, while Novig is built around a mobile sports prediction flow.
Withdrawals
Do not judge an app only by how easy it is to deposit. Check withdrawal methods, withdrawal fees, processing times, crypto wallet requirements, and recent user feedback.
Mobile experience
App-store sentiment matters because prediction markets are often traded in real time. Polymarket is rated 4.7 out of 5 on the App Store from 30.7K ratings, while Novig is rated 4.7 out of 5 from 2.5K ratings. Check recent reviews for your device before signing up, since app performance and user feedback can change over time.
Beginner usability
Beginners should prioritize clear contract wording, simple funding, transparent fees, and easy withdrawals. More advanced users may care more about liquidity, market depth, order flexibility, and faster-moving prices.
Which Kalshi alternative is best?
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Chris has been working in iGaming for 15 years, and is now bringing his experience and expertise to Casino.org's exhaustive coverage of real money casinos, sweepstakes, and prediction markets within the US.
As a fact-checker, and our Chief Gaming Officer, Alex Korsager verifies all prediction market details on this page. He manually compares our pages with the prediction app, and if anything is unclear, he contacts the operator. In short, Alex ensures you can make an informed and accurate decision.