Kalshi alternatives
Kalshi alternatives in United States
Is Kalshi legal in United States?
Quick answer
Kalshi serves US residents and Kalshi onboarding from United States works for users who can produce a valid US identity document. Markets settle in USD and require a US bank account for funding.
Available alternatives in United States
| Platform | Status | Notes |
|---|---|---|
| Polymarket Largest crypto-settled prediction market by volume; USDC on Polygon. | Restricted | Reachable via VPN, Polymarket ToS gray zone. |
| Manifold Play-money prediction market, no real cash, free to use globally. | Available | — |
| Smarkets UK-licensed betting exchange with political and event markets. | Blocked | UK-licensed; not served in the US. |
| Limitless Newer on-chain prediction market on Base; lower fees, smaller volume. | Available | — |
| PredictIt Academic political prediction market run by Victoria University of Wellington. | Restricted | Academic markets, capped positions. |
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Regulatory context
The CFTC regulates US derivatives markets and event contracts. Its 2024 settlement with Polymarket sets the framework under which the platform may offer certain markets to US persons, with category-level restrictions evolving over time.
Official source: cftc.govOther platforms in United States
Common questions
01Is Kalshi legal in United States?
Is Kalshi legal in United States?
Kalshi serves US residents and Kalshi onboarding from United States works for users who can produce a valid US identity document. Markets settle in USD and require a US bank account for funding.
02What's the best Kalshi alternative in United States?
What's the best Kalshi alternative in United States?
Manifold, Play-money prediction market, no real cash, free to use globally. It works natively from United States and is the cleanest fallback when Kalshi isn't an option.
03Why is Kalshi US-only?
Why is Kalshi US-only?
Kalshi is a CFTC-registered Designated Contract Market. Its license is granted under US commodities law and covers US persons only. International expansion would require equivalent registrations in each target jurisdiction.
04Does a VPN work to access Kalshi from outside the US?
Does a VPN work to access Kalshi from outside the US?
No, Kalshi's gate is hard KYC, not just an IP check. Onboarding requires a US driver's license or SSN plus a US bank account for ACH funding. A VPN hides your IP but doesn't produce those documents.
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