PolymarketvsKalshi
Prediction Markets

Polymarket vs Kalshi — Odds, Fees & Coverage Compared

Polymarket and Kalshi are the two largest sports-oriented prediction markets, but they're structured differently: Polymarket settles in USDC on Polygon with near-zero platform fees on major markets, while Kalshi is a CFTC-regulated exchange charging fees that rarely exceed 2% of expected profit. Both routinely price the same event differently — and differently again from traditional sportsbooks — which is exactly the kind of gap our AI is built to find.

PolymarketKalshi
StructurePeer-to-peer order book (crypto/USDC)CFTC-regulated exchange (USD)
Typical fees~0% on major sports markets (blockchain gas only)Up to ~2% of expected profit
Overround (two-sided market)~100.0–100.5%Slightly higher, still well under retail sportsbooks
Regulatory status (2026)Operates internationally; US access has evolvedCFTC-regulated; state-level legal challenges ongoing
SettlementUSDC on PolygonUSD, standard bank rails
Live Odds

Matches Priced on Both Platforms

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FAQ

Polymarket vs Kalshi — FAQ

Which has lower fees, Polymarket or Kalshi?+
Do Polymarket and Kalshi ever price the same event differently?+
Which one is legal where I live?+
Can the AI compare both at once?+

Prediction markets like Polymarket and Kalshi are third-party platforms not operated by Sports AI. Their availability and legal status vary by country and US state, are subject to change, and are outside our control — always confirm current terms directly with the platform before trading. Nothing on this page is financial or legal advice. 18+, please gamble responsibly.