Explainers
Kalshi Fee Schedule: How Trading Fees Are Set
Kalshi's per-contract trading fee follows a price-based formula rather than a flat percentage.
Kalshi
Explainers
How to Trade on PredictIt and Kalshi
A step-by-step walk through opening an account and placing a contract on PredictIt and Kalshi, including how settlement works, what the fees cost you, and why the two platforms sit under different rules.
Explainers
Kalshi Valuation: How a Prediction Market Is Priced
Kalshi's valuation swings on regulatory outcomes and volume growth, not just fee revenue. Here is how a federally regulated prediction market gets priced, and why the number is contested.
Explainers
Kalshi vs Polymarket: Two Roads to the Same Bet
Kalshi and Polymarket let you trade on the outcome of real-world events, but they answer to different rules, live on different rails, and settle in different ways. Here is what separates them.
Explainers
Kalshi API: What KYC and Fees Mean for Access
Kalshi runs a CFTC-regulated exchange, so its API carries obligations most crypto prediction markets skip: real accounts, identity checks, and a published fee schedule. Here is what that changes for builders.
Explainers
Kalshi Fees: Why the Cost Peaks Near 50 Cents
Kalshi's trading fee is not flat. It follows a curve that peaks when a contract trades near 50 cents and falls toward both price extremes. Here is what that costs on a real trade.
Explainers
Is Kalshi Gambling? What the Law Actually Says
Kalshi lets people trade on whether real-world events will happen. Whether that counts as gambling depends on who is asking, and the answer is more settled than most people assume.
Explainers
Is Kalshi Legal in California?
Kalshi operates as a federally regulated exchange, which is why it treats its event contracts as legal nationwide. Several states, including California, disagree. Here is the state of play.
Explainers
How Kalshi Works, From Order to Payout
Kalshi lets people trade contracts on the outcome of real-world events, from economic data to weather. Here is how the regulated exchange actually works, and why it matters.