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Kalshi
Kalshi is a CFTC-regulated US exchange where you trade Yes/No contracts on real-world events — economics, politics, weather, and sports — funded in US dollars. Below: what it is, how to open and fund an account, and how to place a first trade.
W.E.T. is venue-neutral — we cover Kalshi as data, take no bets, and hold no funds. Implied probability is a live market price, not advice. See the methodology.
CFTC
Regulated US exchange
USD
Funded in dollars
18+
Eligible US persons
What Kalshi is
Kalshi is a designated contract market regulated by the CFTC — the same federal regulator that oversees US futures. You trade event contracts that settle to Yes or No against official sources. Because it is dollar-funded and US-regulated, Kalshi is the venue most US traders reach for when they want catalysts like Fed decisions, economic prints, elections, and weather priced as clean probabilities. Coverage, eligibility, and fees change — confirm current terms on Kalshi directly.
How to fund an account
Sign up with your email, then complete Kalshi’s identity check (KYC). As a CFTC-regulated exchange, Kalshi verifies eligibility before you can fund — have an ID handy.
Deposit with a linked bank account (ACH) or a debit card. No crypto wallet is required — Kalshi settles everything in dollars, so a deposit lands as buying power directly.
Browse economics, politics, weather, and sports contracts. Each price in cents reads as an implied probability — 63¢ means the market prices the outcome near 63%.
Buy Yes or No on the outcome you have a read on. You can exit before settlement at the live price, or hold to resolution. Start small while you learn the mechanics.
Open a Kalshi account
Fund in dollars and place your first trade. Bonus terms are set by Kalshi and shown at sign-up.
Affiliate disclosure: W.E.T. may earn a referral commission when you open or fund an account through our links. This never changes your price or the odds you see. We take no bets, hold no funds, and route no orders — we point you to the venue and it takes over.
What W.E.T. adds on top
A venue only sees its own book. W.E.T. reads Kalshi next to Polymarket, aligns the same outcome across both, and shows where the two crowds disagree — alongside the news driving each event. When the books split, that gap is information. Start with the event dashboard or the cross-venue board.
Answers
Kalshi is a CFTC-regulated US exchange (a designated contract market), so it operates under federal oversight and funds accounts in US dollars. Regulation is not a guarantee against loss — prediction markets still carry risk — but it means the venue is a licensed, supervised operator rather than an offshore book.
After creating your account and passing the identity check, link a bank account (ACH) or a debit card and deposit US dollars. There is no crypto step — your deposit becomes buying power you can place on any listed market.
Kalshi runs a referral program that can credit both the new trader and the referrer once the account meets the program’s activity requirement. Bonus amounts and terms change, so confirm the current offer on Kalshi directly. W.E.T. earns a referral credit when you fund through our link — this never changes your price.
W.E.T. is venue-neutral market intelligence. We aggregate Kalshi alongside Polymarket, align the same outcome across both books, and surface where their odds diverge — plus the news catalysts moving each event. That cross-venue picture is information a single venue’s own site cannot show you.