Operator Review
Kalshi Review
Regulated event-contract exchange — bet outcomes as markets.
4.0
4.0
Our rating
2021
Launched
Same day
Payout speed
HUKA
Promo code
What we like
- +Available in states where sportsbooks aren't
- +Exchange pricing, no traditional house vig
- +Emerging, lightly defended in search
Drawbacks
- −Different mental model than a sportsbook
- −Thinner sports markets so far
Kalshi in depth
Kalshi is a CFTC-regulated prediction exchange where sports outcomes trade as event contracts. Because it's federally regulated rather than state-licensed as a sportsbook, it reaches an audience traditional books can't.
It's exactly the kind of emerging, low-competition operator the affiliate strategy targets first.