What Is Kalshi?
As I mentioned in my Kalshi review, the platform is a prediction market. If you did not know, when you join Kalshi, you can buy and sell contracts on several future events. These contracts are in the form of binary outcomes (Yes or No), and winning positions are settled at $1, while losing positions are settled at $0.
Since Kalshi does not set its own prices, the value of each contract is based on the number of traders made by other users on the likelihood of an event occurring. The higher the price, the more likely traders believe a specific real-world event will occur. For example, if a sports future event option for Arsenal to win the English Premier League (EPL) is $0.85, this means that if you purchase a Yes contract, you and other traders believe there is an 85% chance that the Gunners will lift the EPL trophy.
Using the above example, I will quickly walk you through how the pricing works on the prediction site. Let’s say you want to purchase $100 of Yes contracts on Arsenal winning the league this season. If you buy $100 worth of Yes contracts at $0.85, you will receive 117.67 contracts ($100/0.85). If Arsenal go on to win the league, you will receive $117.67 ($17.67 in profit, excluding any Kalshi trading fees).
However, if the Gunners stumble and do not win the league, your position will settle at $0 and you will lose your $100.
Is Kalshi a Legal Prediction Market Platform?
Kalshi was acknowledged as the first regulated exchange where you can buy and sell contracts. The site is regulated by the Commodity Futures Trading Commission (CFTC) and operates as a Designated Contract Market (DCM). As a regulated exchange, Kalshi is available in all 50 US states, and you can trade Kalshi election predictions and other future event contracts if you are 18+.
Below is a step-by-step guide on how to sign up on Kalshi if you reside in the US:
- Access - Use the banners on this page to access the Kalshi website.
- Select - Select the green Sign Up button at the top of the homepage.
- Choose - Choose whether you want to sign up with your Google, Apple or Email account.
- Email address - If you selected email, enter your email address.
- Personal details - Enter your date of birth and your mobile number.
- Verification code - You will receive a verification code to your mobile device. Enter that code to verify your registration.
- Start trading - Once your account is created, you can make your first deposit and start trading.
Overview of Kalshi Event Contracts
One of the reasons Kalshi is so popular is that, in addition to being a CFTC-regulated exchange, the platform also offers trading positions on several future events. When you join Kalshi, you can buy and sell contracts for sports outcomes, crypto projections, economic indicators, election results, culture predictions and climate forecasts.
The trading process works the same for each of these future event contracts, and you can place two types of orders: market orders and limit orders. Market orders are a request to buy a specific number of contracts at a set price. Market orders, also known as quick orders, execute instantly, and there is no long resting time. Limit orders allow you to set a maximum price at which you are willing to purchase a contract; the order will only be executed if a seller agrees to your price.
The table below provides an overview of Kalshi future events, including the type of contract, the options you will find, and examples of the contracts you can buy and sell.
| Future event | Contract options | Contract examples |
| Sports predictions | Champions winners, MVPs, match winners, game and player props, draft picks | Who will win the 2026 FIFA World Cup?Will LeBron James be the NBA MVP winner? |
| Election results | Domestic elections, foreign elections, Congress, Trump outcomes | Will Donald Trump be impeached?Who will be the 2028 Democratic nominee for President? |
| Economic indicators | Fed decisions, gas price projections, inflation indicators, GDP growth statistics | What will the Fed decision be in June?What rate will the GDP grow in 2026? |
| Crypto projections | Specific crypto prices at a set date | What will be the Bitcoin price at the end of 2026?When will Dogecoin hit $1? |
| Climate forecasts | Daily temperatures, snow and rain forecasts, natural disaster projections | Will 2026 be the hottest year ever?How many Atlantic hurricanes will there be this year? |
| Culture outcomes | Music charts, award shows, video games, celebrity news | Who will win Survivor season 50?Who will have a #1 music hit for this year? |
Tips to Have the Best Experience When Trading Kalshi Event Contracts
I have enjoyed the trading experience on Kalshi and have learnt a thing or two along the way. To give you a helping hand before you can start buying and selling contracts, keep the following tips in mind:
- Read the Kalshi trading fees structure to understand how trading and non-trading fees work. Remember that there could be taker and maker fees for specific future event positions, so account for these when calculating your potential winning positions.
- If you are purchasing a contract, conduct thorough research on the specific real-world event, and check the latest news for any developments.
- Keep an eye on market volume for an event, and only if there is sufficient liquidity should you try to sell your contracts and close positions early to take profits or mitigate losses.
- After signing up for the first time, do not forget about the bonus for new users. Once you make $10 in trades, you can unlock a 100% trading bonus of up to $10. Also, keep an eye out for other promotions, as there are several existing trader rewards, like the volume and liquidity incentive programs.
- Remember to submit your KYC documents (proof of ID and address) after creating a new account. If you fail to do so, you will not be allowed to cash out your Kalshi event contract winnings.
Pros and Cons: Kalshi Future Event Contracts
Pros
- Exclusive trading bonus for new users
- Diverse future event contracts
- Can close positions early
Cons
- Trading and non-trading fees
Conclusion - There Are Plenty of Future Event Contracts to Trade on Kalshi
That is all for my Kalshi event contracts guide, and the main takeaway is that there are plenty of trading options available on the prediction market site. I liked that Kalshi has catered to all types of traders, and that there are diverse future events, including Kalshi sports predictions, election outcomes, climate forecasts, and even pop culture results like which artist will top the Spotify list for the year.
While there are plenty of options when it comes to trading, it is also important to factor in the fees and market volume, as otherwise the overall experience can become overwhelming. To help you out, I have shared plenty of tips to ensure you have a pleasant time buying and selling event contracts on Kalshi, so jot down those handy suggestions.
If you are ready to get going on Kalshi, the first step is to use the banners on this page to create a new trading account. Have fun and remember to be responsible!
