As the 2024 US Presidential election approaches, Kalshi has positioned itself as the most secure, reliable, and user-friendly platform for those interested in legally participating in prediction markets.
Unlike offshore and unregulated platforms like Polymarket, Kalshi is the best election betting site. It offers a fully regulated, transparent experience within the bounds of US law, delivering unique advantages for users looking to trade on election outcomes with confidence.
Robinhood announced on Monday that it, too, would offer Presidential election "betting". But importantly, those will be structured more like traditional futures contracts-- not the sort of live market interface you might expect (or want).
Bet on the 2024 Presidential election and other real-world events by signing up with Kalshi here. New users get $20 free.
Kalshi is super easy to sign up for, with a very quick onboarding and seamless deposit process.
Here's how:
That's it. We recommend the bank account option. Plaid is a trusted third-party that establishes a secure connection, and it allows you to fund your account and get betting instantly.
Read our full Kalshi review.
• Straightforward, easy-to-use interface
• Competitive interest rates (APY)
• Zero withdrawal fees and no minimum deposit
• 27/7 trading during election week
• Unmatched legal compliance and accessibility
Kalshi is one of the few prediction market platforms regulated by the Commodity Futures Trading Commission (CFTC), ensuring that every trade on the platform complies with U.S. federal law.
This regulatory backing guarantees a safer environment for users, eliminating the need to rely on VPNs or other means to access prediction markets, unlike offshore platforms such as Polymarket.
With Kalshi, US-based users can trade anytime without risk, which simplifies access and protects their funds.
Additionally, Kalshi’s legal standing makes tax reporting easier for users, reducing the typical end-of-year headaches for traders.
Kalshi’s 4.05% APY on both cash balances and open positions is another reason it stands out in the market.
Users earn interest on their net account balance and open positions daily, which compounds monthly, allowing both passive holders and active traders to grow their funds while engaging in market activity.
This interest rate applies to the entire portfolio’s value at the close of each day.
Kalshi maintains low barriers for new users by charging no additional fees on election markets and no withdrawal fee in all markets.
This zero-fee structure, paired with the absence of a deposit minimum, offers users at any level—whether novices or seasoned traders—an affordable and accessible entry to the market. This user-centric approach supports greater financial flexibility, encouraging new traders to explore prediction markets with confidence.
In anticipation of the high stakes surrounding the election, Kalshi has introduced 24/7 trading availability during election week, a feature specifically designed to accommodate the volatile nature of election events. Unlike platforms with limited trading hours, Kalshi’s all-hours access ensures that users can adjust their positions at any time, day or night. This level of flexibility empowers traders to respond to breaking news or sudden developments, a critical advantage when trading on election outcomes.
Kalshi boasts a substantial user base, including institutional investors, creating a high-liquidity environment where users can execute trades efficiently at any scale. This robust liquidity is key for election markets, as it allows traders to enter or exit positions quickly and minimizes the risk of price slippage. Smaller platforms, which may lack similar depth in trading volume, can create hurdles for users, especially during high-volume events like a presidential election.
With its unique combination of legal security, financial flexibility, and robust trading options, Kalshi is making a case as the top platform for those interested in legally participating in election-related prediction markets. Its CFTC-regulated status, competitive interest earnings, accessible fee structure, and 24/7 trading during election week provide a well-rounded option for U.S.-based traders seeking a safe, reliable, and rewarding prediction market experience. Kalshi’s platform delivers the full package for election-focused traders, aligning legality and user-centric benefits to stay ahead in the evolving prediction market landscape.
New users get a $20 bonus on their first deposit of $100 or more — click here to sign up.
