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What is Kalshi

Learn how Kalshi operates as a regulated U.S. prediction market, how contracts are structured, and how traders use the platform to take positions on economic, political, and cultural events.

What Is Kalshi? How the First Regulated U.S. Prediction Market Works and What Traders Should Know

Nov 27, 2025

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7 min read

What Is Kalshi? How the First Regulated U.S. Prediction Market Works and What Traders Should Know

A clear guide to Kalshi’s CFTC-regulated event contracts, how the platform works, and the key risks and opportunities for traders.

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