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Kalshi
A CFTC-regulated exchange for politics, economics, sports, and culture.
+130K
Active markets
+$40B
Monthly volume
High
Liquidity
Min deposit
$10 ($1,000 wire)Fees
Variable trading feesPayout time
Instant–few business daysGeography
US + eligible countriesEstablished
2018Regulation
CFTC regulatedPros
CFTC regulated
No crypto required
Wide market selection
Cons
Variable trading fees
Withdrawal holds
Country restrictions
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Matchbook
A sports betting exchange for backing and laying outcomes at market odds.
100+
Active markets
-
Monthly volume
High
Liquidity
Min deposit
£10Fees
2% on net winnings (UK)Payout time
2–5 days; method-dependentGeography
UK + eligible countriesEstablished
2004Regulation
UKGC & Alderney licensedPros
Low commission on net winnings
Back and lay bets
Strong major-sport liquidity
Cons
Primarily sports-focused
Identity verification required
Thinner niche markets
Payment methods