Kalshi vs Novig
Side-by-side comparison of fees, regulation, markets and offers (updated for 2026).
Kalshi · Trade $25 and Get $25!
RANKPREDICTSClaim (opens in a new tab)21+ · T&Cs apply
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Comparison data current as of: August 25, 2026
TL;DR
Kalshi vs Novig: who wins for US traders in 2026?
No score winner yet: Novig is being re-tested after its August 4, 2026 relaunch. Kalshi scores 92/100.
Reviewed by PredictionRanks Editorial Team.
Kalshi · Trade $25 and Get $25!
RANKPREDICTS
Claim on Kalshi (opens in a new tab)
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Last checked October 27, 2026
Metric
KalshiScore 92/100
NovigBeing re-tested
Regulator
CFTC (Designated Contract Market)
CFTC-designated exchange (Ludlow Exchange, LLC)
Available Markets
Politics, Macro, Sports, Crypto, Climate
Sports (NFL, NBA, MLB, NHL, NCAA, UFC, EPL)
Sports Contracts
✓
✓
Fees / Commission
Per-contract fee, shown before you confirm
Free on pre-game straight trades; taker fee on live trades, futures and parlays
Min Deposit
$10
$10 for the welcome offer
Mobile App
✓
✓
Crypto Deposits
✗
✗
Promo Offer
Trade $25, get $25 — code RANKPREDICTS
Deposit $10, get $50 in trade credits (code RANKPREDICTS)
Our Verdict
Best all-around US prediction market.
Lowest transaction cost in sports.
Our verdict
No winner yet
Novig is being re-tested · Trade $25 and Get $25!
Start Trading on Kalshi (opens in a new tab)Frequently asked questions
Is Kalshi or Novig better for US traders in 2026?
We can't say yet. Novig is being re-tested after its August 4, 2026 relaunch. Kalshi scores 92/100 in our review.
What are the fees on Kalshi vs Novig?
Kalshi charges a transaction fee when a trade is executed, based on the contract price and the number of contracts; it is shown in the order ticket before you confirm. Novig's pre-game straight trades are free; live trades, futures and parlays carry a taker fee that depends on the price. Orders that rest on the book pay nothing on Novig.
Which is more regulated, Kalshi or Novig?
Kalshi operates under CFTC (Designated Contract Market). Novig operates as a CFTC-designated exchange (Ludlow Exchange, LLC, since June 16, 2026).
What's the minimum deposit on Kalshi compared to Novig?
Kalshi: $10. Novig: $10 for the welcome offer.
21+ · T&Cs apply · Terms
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.