About Kalshi

Kalshi is a CFTC-regulated prediction market exchange that allows users to trade contracts on real-world outcomes, including sports events. As the first federally regulated prediction market in the United States, Kalshi offers a legal, transparent, and innovative alternative to traditional offshore sportsbooks. Contracts trade like binary options — you buy yes or no positions and the price reflects the market's collective probability. Kalshi is available nationwide and is particularly notable for its regulatory standing, making it accessible in states where traditional sports betting remains restricted.