Kalshi is my favorite prediction market app because it offers the widest variety of markets, competitive fees, and key trading tools like limit orders.
Kalshi is great, but there are many reasons why you may be looking for alternatives, such as having other options to compare prices, pay lower fees, or access markets that Kalshi doesn't offer.
My picks for the best Kalshi alternatives are OG, ProphetX, Novig, and Crypto.com.
In the rest of this article, I break down these prediction markets, covering how they stack up against Kalshi, fees, market variety, banking options, and more.
Best 4 Kalshi Alternatives & Competitors
I’ve used and reviewed most of the major prediction markets currently available in the U.S. Here are my picks for the best Kalshi alternatives and what each is best for:
- OG: Best Overall alternative to Kalshi
- ProphetX: Best Kalshi Alternative for Sports Trading
- Novig: Kalshi Alternative with the Best Promotions
- Crypto.com: Best Kalshi Alternative for Trading on Non-Sports Markets
1) OG: Best Overall alternative to Kalshi
OG is Crypto.com's standalone prediction market app. I like using it more than the prediction market section of Crypto.com because it keeps the experience more focused, without extra tools like the crypto exchange or DeFi wallet getting in the way.
The OG sign-up offer is trade and get up to $100 in bonuses. It's the same type of deal you get at Kalshi, but it has much more total value.
The first thing I usually notice when I move off Kalshi and onto another prediction market app is how much the market variety drops off. OG doesn’t fall off nearly as much there, especially in sports.
OG is one of the few trading platforms like Kalshi that offers props, futures, and parlays for sports trading.
OG’s fee structure is entirely different from Kalshi’s. Kalshi charges higher fees on contracts priced closer to 50c and lower on the extremes (1c and 99c), while OG charges a fixed fee of about $0.02 per contract. That can work out better on 50/50 markets, especially if you’re not planning to trade in and out.
Some traders may like OG more from a banking standpoint. Kalshi and OG both have a wide variety of deposit options, including bank transfer, debit card, Venmo, PayPal, Google Pay, and wire transfer. However, OG has no fees on debit card and Google Pay deposits, while Kalshi charges 2%.
OG offers leverage trading, which you won’t get on Kalshi. That means you can trade with borrowed funds and push for bigger returns. I’d be careful with it, though. Leverage can turn a small mistake into a much bigger loss, and in prediction markets, that’s usually not a risk worth pressing.
Where OG Is Better Than Kalshi
- Bigger welcome bonus
- No deposit fees
- Offers leverage trading
- Lower fees for contracts priced closer to 50c
Where Kalshi Is Better Than OG
- More favorable fees closer to extremes (1c & 99c)
- Accepts limit orders
- Covers a wider range of sports
- Offers cryptocurrencies
OG Quick Facts:
- OA Rating: 89/100
- Sign-Up Bonus: Trade & Get Up to $100 in Bonuses
- Fees: $0.02 per contract
- Sports Markets: NFL, NBA, MLB, NHL, soccer, tennis
- Other Markets: Companies, financials, culture, politics, economics
- Payment Methods: ACH, PayPal, Wire, debit card, Venmo, Instant deposit via Plaid
- Payout Speed: Up to 24 hours
2) ProphetX: Best Kalshi Alternative for Sports Trading
ProphetX is a sweepstakes betting exchange, so it works very differently from Kalshi.
The first big difference is that ProphetX doesn’t let you sell out of a contract the way Kalshi does. Once you’re in a position, you’re riding it out to the finish. You can always buy contracts on the other side to offset your position, but there's no selling or cashing out of existing positions.
The fee structure is different, too. Instead of charging a trading fee like Kalshi, ProphetX takes a 2% commission on winning bets. This is nice because you won't pay fees on losing trades as you do with Kalshi.
I really like that you can win free coins at ProphetX via the mail-in bonus and other promotions. Platforms like Kalshi usually don’t offer any freebies. If you use ProphetX regularly, you can use these free coins to trade without using real money.
I also like that ProphetX gives you extra tools to make informed plays. You get a liquidity tracker, an activity chart, and the option to place resting orders, much like Kalshi offers.
I’d call ProphetX the best Kalshi alternative for sports trading because it covers sports really well and mixes in some specialty markets you won’t get on Kalshi. During the Indian Wells Open, for example, ProphetX had a market on Carlos Alcaraz or Jannik Sinner to win the tennis event.
One area where ProphetX falls behind Kalshi is non-sports markets. You won't find mentions, politics, weather, or the many other market categories Kalshi offers on ProphetX.
ProphetX Quick Facts:
- OA Rating: 89/100
- Sign-Up Bonus: 20% Deposit Match Up to $100
- Fees: 2% Commission on winning bets
- Sports Markets: NFL, NBA, MLB, NHL, F1, golf, UFC + 6 more
- Other Markets: Politics, pop culture
- Payment Methods: Online banking, debit card, PayNearMe
- Payout Speed: 48-72 hours
Where ProphetX Is Better Than Kalshi
- Offers no deposit bonuses
- Props and specials for sports
- Doesn’t charge fees for losing contracts
- Offers the PayNearMe payment method
Where Kalshi Is Better Than ProphetX
- Offers a much wider range of non-sports markets
- Accepts PayPal & other deposit options ProphetX doesn't
- Features niche sports like chess
- Has deeper liquidity across the board
3) Novig: Kalshi Alternative with the Best Promotions
Novig is a sweepstakes betting exchange, much like ProphetX. The big difference is that Novig is completely fee-free. It makes money by selling coins for play instead of taking a cut from winning trades the way ProphetX does.
That gives Novig the best pricing in the prediction market space, even better than Kalshi, with one catch. That favorable pricing only really helps when there is enough liquidity, and that is not always the case, especially for props and niche sports.
Where Kalshi offers the welcome bonus and calls it a day, Novig gives regular traders a lot more to work with. It offers several profit boosts, a referral bonus, and a mail-in promo that gives you $5 in free Novig Cash for every approved submission.
Kalshi still offers more sports and markets within each league, but Novig is stronger when it comes to in-game depth. The prop list is especially impressive, with options like first touchdown scorer in the NFL and NBA three-pointers made.
Another difference is how deposits work. Novig only offers preset coin packs, while Kalshi lets you enter whatever amount you want to deposit. That may not bother everyone, but it is a little less flexible.
My bigger issue with Novig is that there’s no cash-out option and no way to sell once you’ve entered a position. That’s a real downside. I like being able to get out early when the market moves my way, and Novig doesn’t give you that flexibility.
Novig Quick Facts:
- OA Rating: 84/100
- Sign-Up Bonus: Spend $5, Get $50 in Novig Cash
- Fees: None
- Sports Markets: NFL, NBA, MLB, NHL, UFC + 5 more
- Other Markets: None
- Payment Methods: Online banking, credit, and debit cards
- Payout Speed: Up to 48 hours
Where Novig Is Better Than Kalshi
- Offers no deposit bonuses
- More props for sports
- Doesn’t charge any trading fees
- Facilitates free withdrawals
Where Kalshi Is Better Than Novig
- Offers a much wider range of non-sports markets
- Has deeper liquidity for niche markets
- Accepts more deposit and withdrawal methods
- Features more sports leagues
4) Crypto.com: Best Kalshi Alternative for Trading on Non-Sports Markets
Crypto.com is one of the few alternatives that can match Kalshi in name recognition.
It’s one of the biggest crypto platforms in the world, and prediction markets are only one part of the product. The same app includes investing, staking, wallets, NFTs, and other crypto tools.
On non-sports markets, I’d call it a close matchup with Kalshi.
Crypto.com covers finance, politics, economics, and culture, much like Kalshi does. Kalshi still has a few more market categories you won’t see on Crypto.com, like Mentions, but Crypto.com holds up better here than most rivals.
Crypto.com is one of the few places where you can trade sports outside the usual major leagues, like golf and tennis. Where it’s behind the eight ball is player markets, because you won’t find much in the way of player props.
I do like that Crypto.com supports limit orders. Not every Kalshi alternative does, and this is a huge factor I consider when evaluating prediction markets. You can choose your price, place the order, and wait to see if the market gets there instead of jumping in right away.
The biggest downside of Crypto.com's prediction markets is the fee structure. They charge a fixed $0.20 fee on both buys and sells, so active trading can get expensive compared to Kalshi.
It gets even less appealing on larger positions, like $10 or $100 contracts, because there’s a technology fee on top of the exchange fee.
Banking is a bit of a split decision. Like Kalshi, Crypto.com accepts PayPal and crypto. The difference is that Kalshi doesn’t charge for PayPal deposits, while Crypto.com does.
Crypto.com Quick Facts:
- OA Rating: 86.5/100
- Sign-Up Bonus: Trade $100, Get Up to 1 BTC in CRO Rewards
- Fees: $0.02
- Sports Markets: NFL, NBA, MLB, NHL, soccer + 5 more
- Other Markets: Companies, financials, culture, politics, economics
- Payment Methods: ACH, PayPal, Wire, debit card, 350+ cryptocurrencies
- Payout Speed: Up to 5 business days
Where Crypto.com Is Better Than Kalshi
- Friendlier fees on 50/50 markets
- Non-prediction market trading options
- Faster withdrawals (up to 24 hours)
- Better reward program
Where Kalshi Is Better Than Crypto.com
- Covers more sports
- Charges friendlier fees overall
- Offers sports markets for player performance
- Has Mentions markets
Comparing Kalshi Alternatives: Fees, Sign-Up Bonus, & More
App | Fees | Welcome Bonus | Payment Methods | Limit Orders | Sports Markets | Non-Sports Markets | Unique Feature |
|---|---|---|---|---|---|---|---|
$0.07-$1.75 taker/$0.02-$0.44 maker (per 100 contracts) | ACH, PayPal, ApplePay, Venmo, credit/debit card, wire, crypto | Yes | 16+ | 9+ | Mentions markets | ||
$0.02 per contract | Online banking via Plaid, ACH, wire, debit card, PayPal, Venmo | No | 7+ | 5+ | Leverage | ||
2% commission on winning bets | Online banking, debit card, PayNearMe | Yes | 13+ | 2+ | Specials markets | ||
No fees | Online banking, debit cards | Yes | 8+ | 1+ | Zero-fee model | ||
$0.02 per contract | ACH, wire, PayPal, debit card, crypto | Yes | 11+ | 9+ | Rewards program |
How We Rate Kalshi Alternatives & Competitors
I graded each Kalshi alternative against key categories like market depth, pricing, banking, promos, and trading tools. Here’s how those factors played into the final scores.
Liquidity
Liquidity plays a big role in how prediction markets work. If there is not enough money on the other side of the market, your trade may not get matched at all. Even when it does, you may have to accept a worse price than the one you wanted.
That happens because every trade needs a counterparty. Someone has to be willing to take the other side of your position. If that interest is not there, the market gets thin, spreads get wider, and execution gets tougher.
This is also why pricing alone never tells the whole story. An app can look cheap on paper, but if liquidity is weak, that pricing edge may not help much. You still need enough depth in the market to get in and out at a number you can live with.
Kalshi usually does a good job here, but it is not perfect across every market. In some niche events or lower-interest markets, even Kalshi may not have enough liquidity to fill the trade you want at the price you want. That becomes a bigger issue if you are trying to trade a larger size.
In most cases, the strongest liquidity comes from platforms with a big user base and some staying power. Brands that have been around longer and built up more name recognition, like Crypto.com, usually have an easier time keeping markets active.
Newer platforms and smaller brands can have a harder time there. Apps like Novig or Underdog Predict may offer strong pricing or useful promos, but some markets can still be thinner, especially outside the most popular events.
Fees
Most prediction market apps use fixed fees, which makes the cost easier to track from the start. Crypto.com falls into that group, and so do the platforms built on its exchange, including Underdog Predict, Fanatics Markets, and OG.
Some platforms also give traders a break when they add liquidity. If you post an order instead of taking what is already available, the fee may be reduced or removed entirely. That can make a real difference if you trade more patiently and let the market come to you.
ProphetX is its own category here. Instead of charging a standard trading fee, it takes a commission only on winning trades. That is a very different model from what you get on Kalshi and most other prediction market apps.
Market Variety
This part of the Kalshi alternative search comes down to two things: how much coverage a platform gives you across sports and non-sports markets, and how many different ways it lets you trade within each category.
On the non-sports side, Robinhood and Crypto.com stand out as the best substitutes. Both go deeper than most of the field with markets tied to technology, economics, crypto, and similar event categories.
For sports traders, the strengths are more split up across the best prediction market apps for sports. OG and Novig do the best job with props, while ProphetX stands out most for futures.
Underdog Predict is the outlier here. What makes it different is the ability to mix DFS picks with prediction markets, giving it a twist that the other Kalshi alternatives don’t have.
User Experience
Prediction market trading comes with a steeper learning curve than a standard sportsbook or DFS app, especially for beginners. That makes the user experience a bigger deal than it may seem at first. When a platform is easier to navigate, price, and understand, it is much simpler to trade with some confidence.
Robinhood, Polymarket, and FanDuel Predict stand out as some of the most user-friendly options in this group. They are easy to navigate and understand, especially for beginners.
Just as important as the visual side is the feature set. The biggest tool, in my view, is the ability to place limit orders. There aren't many sites like Kalshi that offer that option, which is a big reason it still stands out. Among the alternatives, Crypto.com is one of the few that also supports limit orders.
Banking
While Kalshi offers virtually every major deposit option, it's something that varies much more among competitors. Some are very limited, while others, like OG, have similar methods available.
Another part of the banking picture is payout speed. If getting your money out quickly is a priority, Crypto.com has a strong case as the best Kalshi alternative for fast withdrawals. Its cash-out window runs from 0 to 24 hours, which is better than what you usually get from most prediction market apps.
Fees also deserve a close look here. Most prediction market apps will charge you for deposits, withdrawals, or both. Then you have platforms like Novig, which do not charge any commission on either side. That can make a bigger difference than people think once you are moving money in and out regularly.
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