Kalshi is a US-based, CFTC-regulated exchange for trading event contracts (prediction markets) on outcomes across economics, politics, weather and more. Regulated in the US, it has increasingly intersected with crypto via funding and integrations, though it is an event-contract exchange rather than a crypto spot exchange.
Key Facts
| Item | Details |
|---|---|
| Type | Regulated event-contract exchange |
| Regulation | US CFTC-regulated |
| Markets | Economics, politics, weather, etc. |
| Crypto | Funding/integrations |
| Trading | Event contracts, not spot crypto |
Pros & Cons
Pros
- US CFTC-regulated
- Wide event-contract markets
- Regulatory legitimacy
- Growing adoption
Cons
- Not a crypto spot exchange
- Event-contract risk
- US-centric
- No public market-data API for aggregation
Summary
Kalshi is a CFTC-regulated US event-contract exchange increasingly touching crypto. A regulated prediction market, not a spot crypto exchange.