Kalshi vs ProphetX
Side-by-side comparison of fees, regulation, markets and offers — updated for 2026.
Comparison data current as of: August 25, 2026
TL;DR
Kalshi vs ProphetX: who wins for US traders in 2026?
Winner: Kalshi (94/100). Kalshi beats ProphetX primarily because kalshi is the only platform built from the ground up as a cftc-regulated designated contract market.
Reviewed by PredictionRanks Editorial Team.
Metric
KalshiScore 94/100
ProphetXScore 91/100
Regulator
CFTC (Designated Contract Market)
CFTC (DCM + DCO, approved June 11, 2026)
Available Markets
Politics, Macro, Sports, Crypto, Climate
Sports only — NFL, NBA, MLB, NHL, college, soccer
Sports Contracts
✓
✓
Fees / Commission
0–2% per contract
Transparent commission per trade, no house margin
Min Deposit
$1
$10
Mobile App
✓
✓
Crypto Deposits
✗
✗
Promo Offer
Trade $25, get $25 — code RANKPREDICTS
Trade $50, get $75 with code RANKPREDICTS
Our Verdict
Best all-around US prediction market.
Sports-only CFTC exchange with peer-to-peer pricing and nationwide access.
Editorial winner
Kalshi wins this matchup
Score 94/100 · Trade $25 and Get $25!
Start Trading on KalshiFrequently asked questions
Is Kalshi or ProphetX better for US traders in 2026?
Kalshi edges out ProphetX with an editorial score of 94/100 vs 91/100. Kalshi is the only platform built from the ground up as a CFTC-regulated Designated Contract Market.
What are the fees on Kalshi vs ProphetX?
Kalshi charges 0–2% per contract. ProphetX charges Transparent commission per trade, no house margin.
Which is more regulated, Kalshi or ProphetX?
Kalshi operates under CFTC (Designated Contract Market). ProphetX operates under CFTC (DCM + DCO, approved June 11, 2026).
What's the minimum deposit on Kalshi compared to ProphetX?
Kalshi: $1. ProphetX: $10.