Kalshi vs FanDuel Predicts
Kalshi
Regulated exchange · USD · United States
8.0 out of 10, editor score
- +Regulated: CFTC-designated contract market — Kalshi (CFTC DCM register: “Designated”, 3 November 2020)
- +$10 minimum deposit
- +7 market categories
FanDuel Predicts
Broker · USD · United States
6.2 out of 10, editor score
- +4 market categories
- +iOS and Android apps
Verdict
Kalshi is the exchange; FanDuel Predicts is a broker front-end to CFTC-regulated contracts. Kalshi scores higher on our model and lists a far wider range of markets — politics, economics, science as well as sports — while FanDuel suits sports-first traders who already use FanDuel and want contracts inside that account.
Row by row
The edge on each row is marked. Built automatically from the platform records, so it never drifts from the reviews — rows that describe rather than rank, like jurisdiction or market categories, say “no edge” instead of picking a side.
| Criterion | Kalshi | FanDuel Predicts | Edge |
|---|---|---|---|
| Overview | |||
| Editor Score | 8/10 | 6.2/10 | Kalshi |
| Type | Regulated exchange | Broker | No edge |
| Launched | 2021 | 2025 | No edge |
| Mobile apps | iOS, Android | iOS, Android | No edge |
| Fees | |||
| Fee conditions & evidence | The general taker formula is 0.07 × multiplier × contracts × price × (1 − price), subject to schedule rounding. Maker fees use 0.0175 with a default multiplier of zero, but selected series charge maker fees. No settlement fee; funding charges depend on the payment method. Review evidence · Official fee source | Fee conditions have not been verified. Review evidence | Depends on the trade |
| Maker fee | See fee conditions above | Not verified | No edge |
| Taker fee | See fee conditions above | Not verified | No edge |
| Withdrawal fee | — | — | No edge |
| Deposits and withdrawals | |||
| Minimum deposit | $10 | — | No edge |
| Currencies | USD | USD | No edge |
| Markets | |||
| Market categories | Politics, Sports, Crypto, Economy, Entertainment, Science, Other | Sports, Economy, Crypto, Entertainment | No edge |
| Public API | Yes | — | No edge |
| Access and regulation | |||
| Jurisdiction | United States | United States | No edge |
| Licensing | CFTC-designated contract market — Kalshi (CFTC DCM register: “Designated”, 3 November 2020) | CFTC-registered futures commission merchant, NFA member — FanDuel Prediction Markets LLC | No edge |
| KYC required | Yes | Yes | No edge |
| KYC trigger | Mandatory before trading. Kalshi requires full legal name, date of birth, a residential address (no PO boxes or commercial addresses) and a live photo of a government ID — driver’s licence or passport — and states it is “mandated to gather this specific information from all Kalshi users due to our regulatory obligations under United States (US) law”, with proof of address, employment information or source of funds possible on top (help.kalshi.com, read 31 July 2026). | Accounts are opened with FanDuel Prediction Markets LLC, a CFTC-registered futures commission merchant (fanduel.com). The exact identity-verification requirements are not stated. | No edge |
| Supported countries | — | — | No edge |
Regulation and structure
Kalshi is a CFTC-designated contract market, on the Commission’s own register since 2020. FanDuel is not an exchange: accounts are opened with FanDuel Prediction Markets LLC, a registered futures commission merchant and NFA member, and the contracts it offers are CFTC-regulated. Both require identity verification.
Who can use them
FanDuel Predicts is for US users only, and sports contracts are not offered in every state. Kalshi accepts US residents and residents of many other countries, but its Member Agreement excludes a long list — including the UK, Canada, Australia and France. The availability rows below show both for your region.
Which one suits you
Choose Kalshi if…
→Traders who want the broadest regulated market list — elections, economics and sports — on the exchange itself.
Choose FanDuel Predicts if…
→Sports-focused US traders who want event contracts through a familiar FanDuel account.
FAQ
- Is FanDuel Predicts the same as Kalshi?
- No. Kalshi runs its own CFTC-designated exchange; FanDuel Predicts is a registered broker (FCM) offering CFTC-regulated event contracts through the FanDuel account.
- Which has more markets, Kalshi or FanDuel Predicts?
- Kalshi. It lists politics, economics, science and entertainment as well as sports; FanDuel Predicts centres on sports and a smaller set of other categories.