Top 5 Kalshi Alternatives

Best alternatives to Kalshi for event trading. Find US-legal options and international platforms with similar features.

Last updated: April 2026

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Looking for Kalshi Alternatives?

Kalshi is the first CFTC-regulated prediction market in the US, but it's not the only option. Whether you're looking for more markets, lower fees, or different features, here are the top alternatives to consider.

1. Polymarket - Best for Liquidity

Best for: Traders wanting the deepest liquidity and widest market selection

Largest prediction market by volume
Crypto-native (USDC on Polygon)
No position limits
24/7 trading

⚠️ Not available to US residents

2. PredictIt - Academic Platform

Best for: US users wanting a regulated political prediction market

Available to US residents
Focus on political markets
Academic research backing
$850 limit per contract

Note: PredictIt operates under a CFTC no-action letter with some restrictions.

3. Metaculus - Best for Forecasting

Best for: Long-term forecasting and research

Focus on long-term predictions
Strong community of forecasters
Excellent track record data
Non-monetary (reputation-based)

4. Manifold Markets - Play Money Learning

Best for: Learning prediction market mechanics risk-free

Free to play with virtual currency
Create your own markets
Active community
Great for practice

5. Insight Prediction - US Legal Alternative

Best for: US users seeking another regulated option

CFTC-regulated
Available to US residents
Growing market selection
USD deposits

Comparison Table

Platform	US Legal	Currency	Best For
Kalshi	✅ Yes	USD	Regulated trading
Polymarket	❌ No	USDC	Liquidity & variety
PredictIt	✅ Yes	USD	Political markets
Metaculus	✅ Yes	N/A	Forecasting
Manifold	✅ Yes	Play money	Learning