Jeremy Bragin
FanDuel Predicts
2.8/ 5
Best for: FanDuel customers in states without a FanDuel sportsbook.
Kalshi
4.9/ 5
Best for: all six market categories, traded on the exchange itself.
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CoinStats may earn a commission if you open an account through links on this page. Neither venue pays for its score: both come from the same published method, applied to every app.
FanDuel Predicts vs Kalshi at a glance
Both answer to the CFTC, at different layers. Kalshi runs the exchange. FanDuel Predicts is a broker, majority-owned by CME Group, that sends your orders to two.
FanDuel's fee cell is exact, not a ceiling. Its fee is a flat 2¢ a contract at every price, and cashing out early costs 2¢ again.
| FanDuel Predicts | Kalshi | |
|---|---|---|
| CoinStats score | 2.8 / 5, #13 of 15 | 4.9 / 5, #1 of 15 |
| Structure | A broker, run with CME Group, that routes to CME and to NADEX, the exchange behind OG | Runs its own exchange, KalshiEX, and clearinghouse, Kalshi Klear |
| Regulator | CFTC: offers event contracts through FanDuel Prediction Markets, a CFTC-registered futures commission merchant, routing to CME Group and NADEX | CFTC: a designated contract market (DCM) and derivatives clearing organization |
| Fee on $100 at 50¢ | $4.00 | $3.50 |
| Deposit options | Debit card, Apple Pay and online banking | ACH, RTP, debit card, Apple Pay, Google Pay, PayPal, Venmo, Cash App (deposits only), wire and crypto deposit |
| Minimum deposit | Not confirmed | $10, or $1,000 by wire |
| Withdrawals | Debit card, Apple Pay or online banking, after a review of up to 24 hours. Cards arrive within a day; banks within five business days. | Debit card, bank, PayPal, Venmo or crypto, with no Kalshi fee. Cards arrive within hours; banks take a few business days. |
| Settlement and payout | Payouts fund new orders at once and can be withdrawn after 1–2 business days. | Most markets settle within a few hours of the outcome; combos within 1 to 12 hours. |
| States | Financial markets in every state; sports only in 18 states where FanDuel has no online sportsbook | Court orders bar its sports contracts in MI, NV and WA, and more categories in NV and WA |
| Markets | Sports, Economics, Crypto and Culture | Sports, Politics, Economics, Crypto, Culture and Climate |
| Live prices | Inside the app only | Public, and compared live on CoinStats |
| App ratings | App Store 4.8 (6.6K) · Google Play 4.6 (1.69K) | App Store 4.8 (548K) · Google Play 4.7 (120K) |
| Support | Live chat, an email form, X and Facebook. No phone or hours are published. | In-app and web chat, with email as a backup. No phone support. |
The real difference between FanDuel and Kalshi
Start with the name. “FanDuel” is two products, and many searches mix them up.
FanDuel Sportsbook is a state-licensed sportsbook. It sets the odds and takes your bet itself.
FanDuel Predicts is a separate app with a separate balance. Its broker, FanDuel Prediction Markets, is registered with the CFTC. CME Group owns 51% of the venture behind it.
Predicts sends orders to two exchanges. CME lists the financial contracts. OG, Crypto.com's exchange, has listed sports, entertainment and combos since June 2026.
That split just got sharper. CME stopped listing new sports and awards contracts on September 11, 2026. New sports markets now come from OG.
Kalshi is neither a sportsbook nor a broker. It runs its own exchange and clearinghouse, and your order meets another trader on its book.
FanDuel never offers both products for sports in one state. Predicts sells sports contracts only in 18 states where FanDuel runs no online sportsbook. This page compares the prediction markets.
FanDuel Predicts and Kalshi prices
FanDuel Predicts publishes no machine-readable prices, so no market can be priced on both here.
FanDuel does not route to Kalshi. Its sports contracts trade on OG's book, so the same game can carry a different price.
We cannot show both quotes, because FanDuel publishes no price feed. Its prices stay inside the app, shown as multipliers such as 1.25x unless you switch to cents.
Switch to cents before you compare, then add each fee to the price. Near 50¢, that is 2¢ on FanDuel and 1.75¢ on Kalshi. Kalshi's side of every market is in our live prediction market odds.
FanDuel Predicts vs Kalshi fees on the same $100 trade
| Price | FanDuel Predicts | Kalshi |
|---|---|---|
| 10¢ | $20.00 | $6.30 |
| 25¢ | $8.00 | $5.25 |
| 50¢ | $4.00 | $3.50 |
| 75¢ | $2.67 | $1.75 |
| 90¢ | $2.22 | $0.70 |
Kalshi is cheaper for takers at every price in FanDuel's schedule. Long shots show it most.
At 50¢, $100 buys 200 contracts. FanDuel charges 2¢ each, so $4.00. Kalshi's taker fee is $3.50.
At 10¢, $100 buys 1,000 contracts. FanDuel charges 2¢ each, so $20.00. Kalshi charges $6.30. At 5¢ the gap is $40.00 against $6.65.
At 90¢, FanDuel still charges 2¢, so about $2.22 on $100. Kalshi charges $0.70.
Selling early costs extra on both. FanDuel's Cash Out charges the same 2¢ a contract again, even if you sell for less. Kalshi charges its usual trading fee on the sale.
Patient traders have no option on FanDuel: it takes market orders only. Kalshi's resting limit orders are free on most series. Every rate is on our Kalshi fees and FanDuel Predicts fees pages.
Is FanDuel Predicts or Kalshi legal in the US?
Both, at the federal level. Kalshi has been a CFTC-designated exchange since November 2020. FanDuel's broker has been CFTC-registered since October 2024, and CME and OG are designated exchanges.
By our state records: FanDuel Predicts’ own terms: financial markets in every state; sports only in 18 states where FanDuel has no online sportsbook. Kalshi’s contracts are restricted or contested in 17 states. Each state's page is on our prediction market legal hub.
Kalshi's count tracks court orders and state actions. FanDuel's limits come mostly from its own map, which works the opposite way.
Kalshi is open everywhere by default. Court orders close its sports contracts in Michigan, Nevada and Washington.
FanDuel offers financial contracts in every state but sports in only 18, including California, Florida and Texas. It says it will drop sports in any state that legalizes online sports betting.
The records differ a lot. Appeals courts are split on Kalshi: it won in the Third Circuit, then lost in the Ninth and Sixth. New York sued it on July 31.
We found no lawsuit naming FanDuel Predicts or its broker. Nevada's regulator did say FanDuel intended unlawful activity with sports contracts. In November 2025, Nevada accepted the surrender of FanDuel's sportsbook licenses. Every case is on our prediction market legal tracker.
FanDuel Predicts or Kalshi: which is safer?
Both keep customer cash apart from company money, under CFTC rules. The details differ.
On Kalshi, your cash sits at its clearinghouse, Kalshi Klear, which may not mix it with its own. Kalshi also pays 3.25% APY on balances of $250 or more.
On FanDuel, the broker holds customer money in pooled accounts. Its disclosures say it may invest that money in assets such as Treasuries and keep the interest.
Neither is insured. FanDuel says its broker is not FDIC insured or SIPC protected, and Kalshi balances have no such cover either.
FanDuel asks for more up front. You give your SSN, bank details and a government ID, then answer questions on income and net worth. Kalshi may ask for your SSN later, but you can trade without it.
On legal record, FanDuel Predicts is cleaner so far. Kalshi faces class actions over its sports contracts and its Khamenei market. The details are in our Kalshi review and FanDuel Predicts review.
FanDuel Predicts vs Kalshi markets
| Category | FanDuel Predicts | Kalshi |
|---|---|---|
| Politics | – | 4,227 |
| Crypto | – | 106 |
| Economy | – | 1,380 |
| Sports | – | 5,014 |
| Culture | – | 690 |
| Tech & Science | – | 175 |
| World | – | 5 |
| Climate & Weather | – | 201 |
| Health | – | 6 |
Kalshi lists all six categories we track: sports, politics, economics, crypto, culture and climate. It counts far more individual markets, because it splits one question into many strikes and dates.
FanDuel's own pages describe four: sports, economics, crypto and culture. Its financial contracts track the S&P 500, Nasdaq-100, oil, gas, gold, CPI and GDP. They do not mention politics or climate.
FanDuel publishes no market feed, so its column above stays blank. Compare daily totals on our prediction market volume page.
Deposits, withdrawals and payouts on FanDuel Predicts and Kalshi
Kalshi takes ten ways in. They include bank and real-time transfers, debit cards, Apple Pay, PayPal, Venmo, wire and crypto. FanDuel takes debit card, Apple Pay and online banking.
FanDuel's deposits are free on its side. Kalshi's bank, wire and real-time transfers are free, but debit cards can cost 2%.
Predicts money is walled off from the rest of FanDuel. Sportsbook or casino balances cannot fund trades, and Predicts winnings cannot move back.
Winning contracts pay $1 on both. Most Kalshi markets settle within hours, and card withdrawals are normally instant. FanDuel payouts become withdrawable 1 to 2 business days after settlement.
FanDuel then reviews each withdrawal, for up to 24 hours, or 48 for your first. After approval, card and Apple Pay withdrawals arrive within 24 hours. Online banking takes up to five business days.
Settlement and disputes
Both settle from the source named in each market's rules. Read those rules before you trade, on either app.
Kalshi's Khamenei market shows why. It paid the last price before his death, not $1, under a rule excluding death. A class action says that rule was buried in fine print.
FanDuel has its own fine print. Markets can settle early once the result is known, and results can be corrected afterwards.
A correction can push your FanDuel balance below zero. You then cannot buy positions until you deposit enough to cover it.
FanDuel Predicts and Kalshi apps and support
FanDuel Predicts: App Store 4.8 (6.6K) · Google Play 4.6 (1.69K). Kalshi: App Store 4.8 (548K) · Google Play 4.7 (120K). Ratings read September 25, 2026.
Kalshi runs on iOS, Android and the web. It adds a desktop terminal, Kalshi Pro, and a free API.
FanDuel Predicts is a separate iOS and Android app, on your existing FanDuel login. Prices display as multipliers by default, like a sportsbook.
Neither lists a phone line. Kalshi offers chat and email. FanDuel offers live chat, an email form, and messages on X and Facebook.
Can you use FanDuel Predicts and Kalshi together?
Yes. FanDuel's financial contracts are open in every state, and nothing stops you holding an account on each.
Arbitrage is harder than it looks. One app's Yes plus the other's No must cost under $1, after both fees.
At 50¢, those fees add 3.75¢ a contract pair: 2¢ on FanDuel and 1.75¢ on Kalshi. FanDuel's market-only orders also mean you cannot wait for your price.
Then check the rules. Two markets can look identical and settle on different sources. A “risk-free” pair can pay out on neither side.
FanDuel Predicts or Kalshi: which should you pick?
On our published method, FanDuel Predicts ranks thirteenth of 15 apps at 2.8 out of 5. Kalshi ranks first, at 4.9. Your state decides much of it.
You live outside FanDuel's 18 sports states
Kalshi
Kalshi's sports contracts are open by default. Court orders close them in three states.
You want limit orders
Kalshi
FanDuel takes market orders only. Kalshi's resting orders are free on most series.
You want the lower fee
Kalshi
$3.50 against $4.00 on $100 at 50¢, and $6.30 against $20.00 at 10¢.
You want politics or climate markets
Kalshi
Kalshi lists all six categories we track. FanDuel's pages describe four.
You use FanDuel in one of its 18 sports states
FanDuel Predicts
Your FanDuel login, a familiar app and no deposit fees on FanDuel's side.
You want a clean legal record
FanDuel Predicts
We found no lawsuit naming FanDuel Predicts or its broker. The NFA lists no actions either.
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