Kalshi alternatives: where else to trade prediction markets in 2026

Contents

The short answer#

The best Kalshi alternatives in 2026 are Totalis for Combos mixing sports, esports, crypto prices, finance and economics outside the US; Polymarket US for Polymarket's markets in the US; Robinhood for combos in an app you may already use; and Crypto.com for long US combos. Outside the US, Polymarket's international app suits sports combos and Limitless small curated bundles.

Why traders look beyond Kalshi#

• Country limits. Kalshi accepts traders from many countries, but its Member Agreement bars trading from the UK, Canada, Australia, India and several European countries.
• Identity checks. Kalshi verifies every account with a driver's license or passport and may ask for proof of address or source of funds.
• A dollar account. Kalshi, a Designated Contract Market, holds your money in a cash balance, and even crypto deposits are applied to it.
• Fees that vary by market. Kalshi charges its fee on a contract's expected earnings, at rates that differ by market.
• Combos you can't undo. Kalshi's combos are priced by request for quote, fill only if someone quotes, and a filled combo can't be cancelled or reversed.

Compare Kalshi alternatives at a glance#

Fees compared#

Taker fees as of 8 November 2026, where C is contracts and p is price. Lowest-fee prediction markets works these formulas through on a real trade.

Full published schedules: Totalis · Polymarket US · Robinhood · Polymarket · Crypto.com · Limitless · Kalshi

1. Totalis#

Overview: Totalis trades Hyperliquid's HIP-4 outcome markets as singles, or as Combos of 2 to 5 outcomes that pay in full only if every leg wins. Market makers compete to quote each Combo, and the position sits in the Totalis vault on HyperEVM until Hyperliquid's results settle it (how Totalis Combos work). At 08:55 UTC on 11 November 2026, 140 of 276 active markets could join a Combo: 101 sports, 26 finance, 8 crypto and 5 esports.

Best for: Traders outside the US who want one position across sports, finance, crypto and esports.

Fees: Combos pay 1.5% of stake on entry and 1% of the profit on a win; singles pay 0.1% plus Hyperliquid's fee. On the Totalis fees and limits page, a 10 USDC stake quoted at 25 USDC pays 0.15 USDC on entry and returns 24.8485 USDC on a full win.

Custody: Funds sit in your Totalis wallet and the vault contract, which moves funds only with the owner's signature.

Availability: The Totalis terms of service exclude US persons, including US citizens abroad. Signing up takes an invite code.

Limitations: Far fewer markets than Kalshi. A market joins Combos only within 7 days of its event and with a live price, and some are excluded. The maximum stake is 1,000 USDC, and you can ask makers to buy a Combo back, though a maker may not bid.

2. Polymarket US#

Overview: A separate Polymarket product that operates as a designated contract market and clearinghouse under CFTC oversight, trading in US dollars.

Best for: US traders who want Polymarket's markets, with a combo of 2 to 10 markets.

Fees: Taker Θ × C × p(1−p); from 6 November 2026, Θ falls from 0.095 to 0.0695 as 30-day volume grows.

Custody: Custodial; funds sit in a dedicated customer account separate from operating funds.

Availability: The US, with state restrictions. As of 11 November 2026 its App Store listing says trading is unavailable in Nevada, and Michigan's agreement with Polymarket US stops new sports contracts there and requires remaining sports positions to close by 25 November.

Limitations: Signing up needs your Social Security number.

3. Robinhood#

Overview: Event contracts through partner exchanges including KalshiEX and Crypto.com's, so some trade on Kalshi's own exchange.

Best for: US traders already on Robinhood who want custom combos of up to 10 legs on supported events.

Fees: k × p(1−p) per contract, with k at 5% with Gold or 10% without, capped at $0.01 per contract, plus an exchange fee.

Custody: Custodial, through Robinhood Derivatives.

Availability: US residents 18 and over. Maryland, Michigan and Nevada residents can't trade sports, and since 2 November 2026 Ohio and Utah limit some categories.

Limitations: Trading is mobile-app only. Combos fill or cancel in full, and closing one needs another participant, so it may be unavailable.

4. Polymarket (international)#

Overview: Trades on Polygon with pUSD, a token backed by USDC.

Best for: Sports combos outside the US, where Polymarket isn't close-only.

Fees: A category rate times C × p(1−p), from 0 on geopolitics to 0.07 on crypto; combos 0.05; makers pay nothing.

Custody: Polymarket calls the platform non-custodial.

Availability: Its geoblock list makes the US, the UK, France, Germany, Australia and Ontario, among others, close-only: you can exit positions but not open new ones. See Polymarket alternatives.

Limitations: Combos cover sports only: moneyline, spread and total.

5. Crypto.com#

Overview: Sports event trading is CFTC-regulated, in the Crypto.com App and on the web, and funded from a USD cash account.

Best for: US traders who want long combos: Predict Pro takes up to 20 predictions in one position.

Fees: On sports and prediction contracts, taker 0.07 × C × p(1−p) on singles and combos and maker 0.0175 × C × p(1−p) on singles; crypto, FX, commodity and index contracts pay $0.02 per contract. No fee at settlement.

Custody: Custodial USD cash account.

Availability: The US only.

Limitations: Crypto.com says Predict Pro may not be available to all traders.

6. Limitless#

Overview: A prediction market on Base with USDC as collateral.

Best for: Small, ready-made bundles outside the US.

Fees: Takers pay 5% × (1 − p) on new markets and 0.4% to 3% on older ones; makers pay nothing.

Custody: Its wallet guide says your USDC always lives in your wallet on Base.

Availability: Its terms bar trading from the US, Ontario and Alberta, among others.

Limitations: Packs are curated bundles of 2 to 10 predictions, staked from $1 to $70, with a 10% vig on crypto and sports packs and no early cash-out.

Other options. Hyperliquid itself lists the same HIP-4 outcomes, fully collateralized in USDC, with fees charged on close or settle and no combos; its interface terms bar the US and Ontario (what HIP-4 is, and how to trade prediction markets on Hyperliquid). In the US, Novig offers sports outside Nevada, Arizona and Michigan.

Kalshi alternatives by country#

As of 8 November 2026; local law still applies.

• US: Polymarket US, Robinhood and Crypto.com. Totalis, Hyperliquid, Limitless and Polymarket's international app aren't available; US access to Hyperliquid explains why.
• UK: Kalshi excludes the UK and Polymarket is close-only there. Limitless doesn't list it as restricted; Hyperliquid and Totalis can restrict further jurisdictions.
• Canada: Kalshi excludes all of Canada. Polymarket is close-only in Ontario, British Columbia, Alberta and Quebec, Limitless bars Ontario and Alberta, and Hyperliquid bars Ontario.
• Europe: Kalshi excludes France, Belgium, Italy, Ireland, Poland, Portugal, Hungary, Bulgaria, Switzerland and Monaco, among others; Polymarket is close-only in France, Germany, Italy, Belgium and Poland, among others.
• Australia and India: Kalshi excludes both, and Polymarket is close-only in Australia.

How we evaluated these platforms#

We compared venues a Kalshi user could switch to on custody, availability, combos, fees and markets, using each platform's own docs, terms, help centre or app listing, verified on 8–9 November 2026. We build Totalis, so weigh its entry with that in mind. If you are choosing a first app rather than leaving Kalshi, the best prediction market apps compares the same venues, and the best prediction markets for sports compares them league by league.

Verdict#

If you want Combos that mix sports, finance, crypto and esports outside the US, choose Totalis; with an invite code, build a Combo on Totalis. In the US, Polymarket US for Polymarket's markets, Robinhood for combos in an app you use, Crypto.com for long combos. Outside the US, Polymarket for sports combos and Limitless for small bundles. Stay on Kalshi if it serves your country.

About the author#

Turk is a founding engineer at Totalis, the prediction market app on Hyperliquid.

Sources and further reading#

• Kalshi Member Agreement, accessed 2026-11-09
• Kalshi fees, accessed 2026-11-09
• Totalis fees and limits, accessed 2026-11-09
• Polymarket US fee schedule, accessed 2026-11-09
• Polymarket geographic restrictions, accessed 2026-11-09
• Robinhood event contracts overview, accessed 2026-11-09

Related: Polymarket alternatives · Prediction market combos · Fed rate decision markets

FAQ#

What do traders use instead of Kalshi?#

US traders use other CFTC-regulated apps: Polymarket US, Robinhood and Crypto.com. Traders elsewhere also use onchain venues: Totalis, Polymarket, Limitless and Hyperliquid.

Is there a Kalshi alternative in the UK?#

Kalshi excludes the UK, and Polymarket's international app is close-only there as of 8 November 2026. Limitless's terms don't name the UK, so check its current terms and UK law before you deposit.

Is Robinhood the same as Kalshi?#

No. Robinhood offers event contracts through partner exchanges, including KalshiEX, so some of its contracts trade on Kalshi's exchange.

Can US residents use Totalis?#

No. Totalis is not available to US persons, including anyone in the US and US citizens abroad, and using a VPN to get around this breaks the terms.