Kalshi vs Jupiter Predict
Same lines, side by side: fee at 50¢, custody, KYC, excluded countries, resolution and volume, from official pages and DefiLlama.
See the 18 differences
| Line | Kalshi | Jupiter Predict |
|---|---|---|
| Type | VenueLists, matches and settles its own markets | Wallet or appPolymarket |
| Taker fee | Edge3.5% at 50¢Takers pay 0.07 × contracts × p × (1 − p), rounded up to a hundredth of a cent: 100 contracts at 50¢ cost $1.75. Makers pay 0.0175 × C × p × (1 − p) only on series listed with maker fees, and nothing elsewhere. No settlement, membership or ACH deposit fee; card deposits cost up to 2%. Schedule in force since 7 July 2026. | 0–7% at 50¢Jupiter adds a fee equal to Polymarket's on each market, so you pay twice Polymarket's fee: 100 contracts at 50¢ cost $3.50 in crypto, $2.50 in sports, $2.00 in politics and nothing in geopolitics. Sports tickets and Forecast carry no fee, Arcade takes 1% of winnings, and Solana network fees are paid in SOL. |
| 30-day volume | $15.4Bvolume questioned | Not tracked |
| Custody | Custodial dollar account at Kalshi Klear | EdgeSelf-custody: you sign every order in your wallet |
| Identity check (KYC) | KYC requiredIdentity verification before any trade: legal name, date of birth, address and a government photo ID, sometimes a Social Security number or proof of address. Outside the US, deposits are by debit card, wire ($1,000 minimum) or crypto. | Not documentedNo identity check is documented: a Solana wallet, or a Jupiter ID created with an email, Google or Apple account, is enough to start. |
| Excluded countries | 55Kalshi's member agreement (1 October 2026 update) lists 55 restricted jurisdictions, including France, the UK, Canada, Australia, Switzerland and Singapore. The restriction covers trading event contracts; on its own it does not bar holding an account. | 18Jupiter's terms list 18 prohibited countries, including the US, Taiwan, Singapore, Iran and North Korea, plus Crimea and Sevastopol. France is not on the list, although Polymarket, whose markets Jupiter routes, excludes France on its own site. Jupiter's FAQ says the mobile app blocks more regions than the web. |
| Resolution | Decided by the exchangeEach contract's rules name the source that decides it; after expiry, Kalshi's markets team determines the outcome. Disputes go to Kalshi support, then to arbitration under its rulebook. No token-holder vote. | Settled by the source venueEach market follows its source's rules: Jupiter records Polymarket's result without changing it, and refunds cancelled or voided markets. |
| Settles on | Kalshi Klear | Solana |
| Collateral | USD | USDC, JupUSD |
| Operator | KalshiEX LLCCFTC (DCM) | Block Raccoon S.A. |
| Token | No token | JUPSolana |
| Where it runs | Web, iOS, Android | Web, iOS, Android, Telegram |
| Chains | — | EdgeSolanaSolana |
| Documented features | Edge5 of 10 | 4 of 10 |
| Order book | Yes | Not documented |
| Anyone can create a market | No | No |
| Combos / parlays | Yes | No |
| Maker rebates | Not documented | Not documented |
| Yield on collateral | Yes | Not documented |
| Trading API | Yes | Yes |
| Mobile app | Yes | Yes |
| Telegram bot | Not documented | Yes |
| Own token | Not documented | Yes |
| Points program | Not documented | Not documented |
Which one should you pick?
Pick Kalshi if
You want a regulated exchange with a public rulebook and deep sports and economics markets, and a dollar account with an identity check suits you.
The biggest venue by reported volume and the only one run as a US-regulated exchange: you trade from a dollar account after an identity check, under a published fee formula and rulebook. DegenBench places it third while that volume is questioned, and its member agreement restricts 55 jurisdictions, including France, the UK, Canada and Australia.
Read the Kalshi reviewkalshi.com
Pick Jupiter Predict if
You live on Solana and want Polymarket's markets without bridging to Polygon.
The easiest way into Polymarket's markets from Solana: sign in with a wallet or an email and trade in USDC or JupUSD, on the web, on mobile or through a Telegram bot. You pay for the convenience: Jupiter adds a fee equal to Polymarket's, so each trade costs twice what it would on polymarket.com.
Read the Jupiter Predict reviewjup.ag
