Kalshi
Fewer than 5 people recommend it so far, so there's no written verdict. Here is what commenters said.
2recommend
10warn against
Nov 15, 2025first mention
Sep 29, 2026latest mention
Why people recommend it
“Kalshi is only your broker and exchange, so dealing with them is materially less risky in my mind.”
“a glance at polymarket or kalshi is often enough to know whether something is actually happening”
Caveats and dissent
“Kalshi and Polymarket Twitter accounts alone contribute more to disinformation”
“Kalshi supposedly does not pay out if a death is involved”
Show 2 more
“Polymarket, Kalshi, etc, using bullshit language”
“Both companies have been ordered to stop providing services to New Zealanders”
Often compared with
Threads where it came up
- Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licence 3 mentions
- CFTC declares market emergency, orders Kalshi to continue to operate in New York 2 mentions
- Polymarket's viral videos showed people winning big, but the bets were fake 2 mentions
- Minnesota becomes first state to ban prediction markets 2 mentions
- We Haven't Seen the Worst of What Gambling and Prediction Markets Will Do 2 mentions
- DraftKings is using AI to behaviorally target chronic gamblers 1 mention
Quotes are verbatim; the verdict and theme labels are written by a model from these comments, and every clause links to its sources.
All comments 18
“Kalshi and Polymarket Twitter accounts alone contribute more to disinformation”
In saying, "New York seeks a temporary restraining order prohibiting KalshiEX, LLC from offering all event contracts nationwide" the CFTC's press release substantially misrepresents the filing by the NY AG. On page 29, the filing requests "Permanently enjoining Respondent and its principals, agents, and employees from operating an unlawful gambling business, or otherwise advancing gambling activity, or profiting from
I think it's good to have the official context from the state of NY as well, which argues that Kalshi meets the state's standards for gambling; has serially refused to get the required licenses, and serves customers aged 18-20 in a market where gambling is restricted by law to people over 21. https://ag.ny.gov/press-release/2026/governor-hochul-and-attorney-general-james-announce-new-york-has-sued-kalshi My impressio
“funding your Kalshi account is NOT considered a cash advance”
https://educationdata.org/student-loan-debt-statistics
“Kalshi is only your broker and exchange, so dealing with them is materially less risky in my mind.”
They literally have a marketing page about how they are "different" https://kalshi.com/policy-center/insider-trading
I can't find any evidence that Polymarket has a rule like this, and they have paid out for assassinations in the past: https://polymarket.com/event/khamenei-out-as-supreme-leader-of-iran-by-december-31-2026
“Kalshi supposedly does not pay out if a death is involved”
> illegal globally I would replace them with https://manifold.markets/ or maybe heavily regulate them. they do have practical utility in forecasting
“Polymarket, Kalshi, etc, using bullshit language”
Technically they are betting exchanges. But they also probably have contracts with some of the big sportsbooks to provide liquidity too making them also kinda a sportsbook. I used to work at a betting exchange and we did have liquidity partners that made sure to increase the liquidity on our exchange.
“a glance at polymarket or kalshi is often enough to know whether something is actually happening”
“(Kalshi does.)”
“Trading fees for Kalshi amounted to about $263 million”
“Both companies have been ordered to stop providing services to New Zealanders”
“they (or at least Kalshi) advertise that you can get rich betting on tomorrow's weather”
“I just checked and the odds for HLS moon landing before 2028 are at 12%.”