Apps Like Kalshi: 6 Best Kalshi Alternatives for 2026

Apps like Kalshi let you trade yes or no contracts on real-world outcomes, from NFL games to economic data releases, on federally regulated U.S. platforms. Kalshi and Polymarket remain the two biggest names in the space, but a wave of newer CFTC-regulated platforms has given traders more choice than ever in 2026.

Some of these Kalshi alternatives go deeper on sports, some work in states where Kalshi is restricted, and some carry stronger welcome offers. Each one prices contracts as probabilities, so a contract trading at 62 cents implies roughly a 62 percent chance the event happens, and it settles at $1 if you are right.

Below, we rank the best Kalshi alternatives for U.S. traders, compare their offers and state availability, and explain how each platform is built so you know exactly what you are signing up for.

This page may contain affiliate links to legal sports betting partners. If you sign up or place a wager, FOX Sports may be compensated. Read more about Sports Betting on FOX Sports.

Best Apps Like Kalshi Compared

For our full rankings of every regulated platform, including Kalshi, see our guide to the best prediction markets.

Which Kalshi Alternative Is Right for You?

If you already know what you want out of a prediction market, start here.

• You want the closest experience to Kalshi: Polymarket
• You want parlays and player prop contracts: OG Predictive
• You already have a DraftKings account: DraftKings Predictions
• You only care about sports and want no politics or pop culture clutter: Novig
• You want a peer-to-peer sports exchange built for active traders: ProphetX
• You want Kalshi's markets inside a traditional brokerage app: Plus500

Polymarket: The Closest Alternative to Kalshi

• Welcome Bonus: Deposit $10, Get $25
• Promo Code: FOX
• Best For: Traders who want the biggest brand in prediction markets and a Kalshi-style experience

Polymarket is the most direct rival to Kalshi and the name most traders compare it to first. It built the largest prediction market in the world internationally, then returned to the U.S. through Polymarket US, a separate CFTC-regulated exchange that launched in December 2025 and dropped its invite-only waitlist in May 2026.

The trading experience will feel familiar to any Kalshi user: binary contracts priced between 1 cent and 99 cents, an order book, and markets that move in real time during games. 

Polymarket is available in most U.S. states, though a handful restrict access, so confirm eligibility at signup. For the full breakdown of the current offer and how to claim it, see our Polymarket promo code guide.

OG Predictive: Best Kalshi Competitor for Parlays and Player Props

• Welcome Bonus: Trade and Settle $10, Get $10
• Availability: All states except New York and Arizona, with sports contracts restricted in several states
• Best For: Sports traders who want parlays, player props, and niche event markets

OG Predictive is Crypto.com's U.S. prediction market app, launched in 2026. Its event contracts are offered by Crypto.com Derivatives North America, a CFTC-regulated exchange and clearinghouse, and accounts are funded in U.S. dollars rather than crypto wallets.

Where OG Predictive separates itself from Kalshi is sports depth. Traders can build parlay contracts and trade player props, two products that are thinner or missing on many prediction markets. That makes it the most sportsbook-like alternative on this list without being a sportsbook.

Traders must be 18 or older. Sports contracts are not offered in Illinois, Massachusetts, Maryland, Michigan, New Jersey, Nevada, or Ohio, though other market categories remain available there.

DraftKings Predictions: Best for Existing DraftKings Users

• Welcome Bonus: Spend $5, Get $150 Predictions Dollars
• Availability: Most U.S. states, with sports contracts limited to financial markets only in some states
• Best For: Sports fans who already use DraftKings and want one familiar brand

DraftKings Predictions launched in December 2025 as a standalone app operating under CFTC oversight. Its biggest selling point is reach: it offers sports event contracts in states such as California, Florida, Georgia, and Texas, where DraftKings Sportsbook is not legal.

The flip side is that DraftKings generally withholds sports contracts in states where its sportsbook already operates, offering financial markets only in those states. If you live in a legal sports betting state, the regular DraftKings Sportsbook app and its welcome offer may be the better fit.

For step-by-step claim instructions and full terms, see our DraftKings Predictions promo code guide.

Novig: Best Sports-Only Alternative

• Welcome Bonus: Deposit $10, Get $25 in Trade Credits
• Promo Code: FOXSPORTS
• Best For: Sports fans who want a clean exchange with no politics or entertainment markets

Novig is a sports-only prediction market. Its exchange, Ludlow Exchange, received CFTC approval as a designated contract market in June 2026, and Novig moved its business onto that federally regulated exchange later in the summer after previously operating a sweepstakes product.

The catalog is intentionally narrow: major sports leagues, game outcomes, player props, and live markets. If Kalshi's homepage of election, weather, and economic contracts feels like noise, Novig strips it down to the games, including NFL markets every Sunday and in-game trading that works like live betting.

Novig requires traders to be 21 or older, which is stricter than most platforms on this list. Our Novig promo code page covers how to claim the offer with code FOXSPORTS. The $25 arrives as five $5 trade credits for single trades on contracts priced at 60 cents or lower, and each credit expires 30 days after it is issued.

ProphetX: Best Peer-to-Peer Sports Exchange

• Welcome Bonus: Trade $50, Get $75 in Incentive Funds
• Promo Code: FOXSPORTS
• Best For: Active sports traders who want to set their own prices

ProphetX bills itself as America's first sports-native prediction market. In June 2026, the CFTC approved it as both a designated contract market and a derivatives clearing organization, meaning it runs and clears its own exchange rather than relying on a partner.

The platform is peer-to-peer, so you trade against other users instead of a house, and you can post your own prices and wait for someone to match them. That gives experienced traders more control than Kalshi's sports markets, though liquidity on smaller games can be thinner.

State availability varies, and the app confirms eligibility when you register. See our ProphetX promo code guide for full terms. With code FOXSPORTS, the $75 in incentive funds is paid in three $25 installments on days 1, 7, and 14, and each expires 45 days after it is issued.

Plus500: Best for Kalshi Markets Inside a Brokerage App

• Welcome Bonus: Trade Prediction Markets
• Structure: CFTC-registered broker offering Kalshi contracts through Plus500 Futures
• Best For: Traders who already use Plus500 or want a brokerage-style interface

Plus500 is different from every other platform on this list because it is not an independent exchange. It is a broker that offers Kalshi's own event contracts through its Plus500 Futures platform, starting with economic and financial contracts and later adding sports.

That means the prices and liquidity you see on Plus500 come from Kalshi's order book. The difference is the wrapper: a traditional brokerage app experience for traders who prefer that over Kalshi's own interface. If you are looking for different markets or different prices, pick another option above.

Kalshi Alternatives in Kalshi's Restricted States

Kalshi is currently restricted in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, New Jersey, and Ohio. Because state challenges to prediction markets are still working through the courts, availability in these states changes often, and alternatives are affected unevenly.

• Arizona: OG Predictive does not accept traders, and several other platforms restrict access. Options are the most limited here.
• Illinois, Maryland, Michigan, and Ohio: OG Predictive accepts traders but restricts sports contracts. DraftKings Predictions limits some of these states to financial markets.
• Massachusetts and New Jersey: OG Predictive accepts traders but restricts sports contracts.
• Montana: DraftKings Predictions limits contracts to financial markets.

Always confirm eligibility in the app before depositing. For a full state-by-state view, see our prediction markets legal states.

How Kalshi Compares to These Alternatives

Where Kalshi Still Leads

• Market breadth: politics, economics, weather, culture, and sports under one account
• Track record: Kalshi has operated as a CFTC-regulated exchange since its 2021 public launch, longer than any alternative here
• Economic markets: a February 2026 Federal Reserve study found Kalshi useful for measuring macroeconomic expectations

If Kalshi is available in your state and you want the broadest menu, it remains a strong choice. Our Kalshi promo code page covers the current Trade $10, Get $55 offer with code FOXSPORTS.

Where Alternatives Beat Kalshi

• State availability: OG Predictive, DraftKings Predictions, and Polymarket operate in some states where Kalshi does not
• Sports depth: OG Predictive offers parlay contracts, while Novig and ProphetX focus entirely on sports
• Welcome offers: DraftKings Predictions (Spend $5, Get $150 Predictions Dollars) and ProphetX (Trade $50, Get $75 in Incentive Funds) carry bigger headline bonuses than Kalshi's Trade $10, Get $55
• Brand familiarity: DraftKings Predictions lets sportsbook customers trade under a brand they already know

Exchange or Broker: How These Platforms Are Built

Every platform on this list is federally regulated by the Commodity Futures Trading Commission (CFTC), not by state gaming commissions. But they are not all built the same way, and the difference affects pricing and liquidity.

• Designated contract market (DCM): a regulated exchange that lists its own contracts. Kalshi, Polymarket US, Novig, and ProphetX all hold DCM status.
• Derivatives clearing organization (DCO): settles trades and holds collateral. ProphetX holds both DCM and DCO approval.
• Technology provider on a partner exchange: OG Predictive offers contracts listed by Crypto.com Derivatives North America.
• Broker: Plus500 routes trades to Kalshi's exchange, so its markets are Kalshi's markets.

Practically, platforms that run their own exchange set their own market menu and build their own liquidity. A broker gives you a different app, not different contracts.

How to Choose a Kalshi Alternative

• State eligibility: check that the platform accepts traders in your state, and whether sports contracts are allowed there
• Market mix: decide whether you want sports only or a full menu including politics and economics
• Age requirement: most platforms allow traders 18 and older, but Novig requires 21
• Liquidity: bigger platforms fill orders faster and with tighter spreads, especially on smaller games
• Fees: compare per-contract trading fees and any deposit or withdrawal fees before you fund
• Funding: confirm the platform supports bank transfer or debit card if you do not want to use crypto
• Welcome offer: read the terms, including how the bonus is paid and when it expires

Prediction Markets vs Traditional Sportsbooks

A sportsbook sets the odds and takes the other side of your bet, building in a margin known as the vig. On a prediction market, you trade against other users, prices move with supply and demand, and you can usually sell your position before the game ends to lock in profit or cut a loss.

Sportsbooks still offer deeper same-game parlays, boosts, and promos in states where online betting is legal. If you live in one of those states, compare both options on our best sports betting apps page and the latest sportsbook promos.

How to Sign Up for a Site Like Kalshi

1. Choose a platform from the list above and click its welcome offer link.
2. Create an account with your name, email, and date of birth.
3. Verify your identity by providing the last four digits of your Social Security number or a photo ID. Regulated platforms are required to do this.
4. Enter a promo code if the platform uses one, such as FOX for Polymarket.
5. Fund your account with a bank transfer or debit card.
6. Pick a market, choose yes or no, and set your price or buy at the current market price.

Red Flags When Picking a Kalshi Competitor

• No CFTC registration: if a platform cannot point to a CFTC-regulated exchange or broker, skip it
• Offshore sites accepting U.S. traders: international Polymarket at polymarket.com is a separate platform from Polymarket US
• No identity verification: regulated U.S. platforms require it, so a site that skips it is operating outside U.S. rules
• Crypto-only funding with no U.S. dollar option: usually a sign of an unregulated, offshore product
• Guaranteed profit claims: no legitimate prediction market promises returns

Do You Pay Taxes on Kalshi Alternatives?

Profits from prediction market trading are generally taxable in the U.S., and regulated platforms may issue tax forms for your account activity. How those profits are classified can depend on the platform's structure and your own situation, so keep records of every trade and talk to a tax professional before you file.

Responsible Trading

Prediction market trading carries real financial risk, and you can lose the full amount you put into any contract. Set deposit limits, trade only what you can afford to lose, and use these free resources if trading stops being fun.

• National Problem Gambling Helpline: Call or text 1-800-GAMBLER
• National Council on Problem Gambling: ncpgambling.org
• 1-800-GAMBLER Support Portal: 1800gambler.net
• Gamblers Anonymous: gamblersanonymous.org

Websites Like Kalshi FAQs

What is the closest app to Kalshi?

Polymarket is the closest alternative to Kalshi. Both run CFTC-regulated exchanges, price contracts between 1 cent and 99 cents, and cover sports along with other event categories.

Who is Kalshi's biggest competitor?

Polymarket is Kalshi's biggest competitor. The two are widely considered the market leaders in U.S. prediction markets, with newer platforms such as OG Predictive, Novig, and ProphetX competing mostly on sports.

Is Polymarket better than Kalshi?

It depends on what you trade. Polymarket has a strong sports focus and a lower-cost entry offer (Deposit $10, Get $25), while Kalshi carries the bigger welcome offer (Trade $10, Get $55) and offers a wider range of economic and political markets and a longer U.S. track record.

Are websites like Kalshi legal in the U.S.?

Yes. The platforms on this list operate under CFTC oversight at the federal level. Some states are challenging prediction markets in court, so availability varies by state and can change.

What apps like Kalshi work in states where Kalshi is restricted?

OG Predictive accepts traders in most of Kalshi's restricted states except Arizona, though sports contracts are limited in several of them. DraftKings Predictions also operates in some of those states, sometimes with financial markets only. Check eligibility in the app before depositing.

Can I use Kalshi and another prediction market at the same time?

Yes. There is no rule against holding accounts on multiple platforms, and many traders compare prices across apps to find the best price on the same event.

Is Plus500 the same as Kalshi?

Plus500 offers Kalshi's contracts through its own brokerage platform, Plus500 Futures. The markets come from Kalshi's exchange, but you trade them through Plus500's app.

How old do you have to be to use sites like Kalshi?

Most platforms require traders to be 18 or older. Novig requires traders to be 21 or older.