Kalshi vs Sleeper Markets
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 Sleeper Markets: who wins for US traders in 2026?
Winner: Kalshi (92/100). Kalshi beats Sleeper Markets primarily because Kalshi is the only platform built from the ground up as a CFTC-regulated Designated Contract Market.
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
Sleeper MarketsScore 75/100
Regulator
CFTC (Designated Contract Market)
NFA-approved FCM, routes via Kalshi DCM
Available Markets
Politics, Macro, Sports, Crypto, Climate
Sports (most states)
Sports Contracts
✓
✓
Fees / Commission
Per-contract fee, shown before you confirm
FCM routing fees
Min Deposit
$10
Varies
Mobile App
✓
✓
Crypto Deposits
✗
✗
Promo Offer
Trade $25, get $25 — code RANKPREDICTS
New user welcome offer
Our Verdict
Best all-around US prediction market.
Best on-ramp for DFS players.
Editorial winner
Kalshi wins this matchup
Score 92/100 · Trade $25 and Get $25!
Start Trading on Kalshi (opens in a new tab)Disclosure: We have an affiliate relationship with Kalshi. We do not have an affiliate relationship with Sleeper Markets. All reviews are independent of commercial relationships.
Frequently asked questions
Is Kalshi or Sleeper Markets better for US traders in 2026?
Kalshi edges out Sleeper Markets with an editorial score of 92/100 vs 75/100. Kalshi is the only platform built from the ground up as a CFTC-regulated Designated Contract Market.
What are the fees on Kalshi vs Sleeper Markets?
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. Sleeper Markets charges FCM routing fees.
Which is more regulated, Kalshi or Sleeper Markets?
Kalshi operates under CFTC (Designated Contract Market). Sleeper Markets operates under NFA-approved FCM, routes via Kalshi DCM.
What's the minimum deposit on Kalshi compared to Sleeper Markets?
Kalshi: $10. Sleeper Markets: Varies.
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.