Kalshi: Sports, Culture & More

Kalshi hosts such a fun and legit market. It’s generally easy to use and absolutely worth a try. Unfortunately every update seems to make the app worse, mostly with awful UI choices that feel like they’re targeted at making users struggle more. Within the last month, you can fit significantly less information on your screen. Features such as the easy to understand profit that updates live such as simply saying 100->156 is now pushed onto a separate screen rather than on the live score page. This is the biggest downside recently, as it takes away a lot of confidence to place bets when you can’t see the live percentages, score, graph, and profits all on the same page anymore. In sports, the teams you’re betting on seem to be intentionally listed out of order at every chance they get. Jets @ Bears in the title and maybe on the scoreboard too, then the buttons to bet are listed as Bears first then Jets. These inconsistencies are everywhere. Some categories don’t get a lot of love. Tennis commonly has matches simply never appear. And the recent cherry on top to bad updates, is that the percentages are almost never accurate to each other on screen. The graph might show Jets 37% and Bears 63%, while the buttons show Jets 56% and Bears 56% commonly not equalling 100%.

Never had any issues before but today it kept saying the price changed when I tried to make a wager, so I went back and tried to place the wager. This happened 3 times before the wager finally went through on the 4th try. The first 3 tries, I never got a receipt saying the order was completed. when I checked how much cash I had left, it said the order went through all 4 times. I reached out to customer support and they weren't very helpful. They said I could cash out but I couldn't.

not worth the extreme fees. also very difficult to add money. the worst part is how sometimes the odds will change as you place your orders. like for example, you want to buy something with 3% odds? the app will ask you to swipe up to confirm, and tell you the odds are 3%. then, once it goes though, it says you bought it at 4%! now you get significantly less money if you're correct. i understand that odds update constantly, but it should at least tell you that it updated and ask you to reconfirm

Aww, what a shame. First, it apparently needs a lot of personal information, but you can skip that to browse. In doing so, I found several interesting wagers, but the app quickly began to slow. I tried a different area of the app, which was even slower. Soon after, the app crashed my phone. Full automatic hard restart. Just cleaned out over 5g of data too, so the app is definitely the cause. It generates a lot of revenue, what's the problem with the dev team? apple cultists?

I've been using the Kalshi app for a while now, and unfortunately, it has been a pretty underwhelming experience. The biggest issue is the extremely low liquidity. It’s difficult to find markets with enough participants, and even when you do, the order books are so thin that getting in or out of a position without significant slippage is nearly impossible. This defeats the purpose of trying to trade predictions on real-world events, as the lack of activity makes the app feel almost unusable at times. On top of that, the fees are really high relative to what you can potentially earn. When you combine the low liquidity with the high costs, it becomes hard to justify any meaningful participation. Even if you manage to make some correct predictions, the fees eat into your profits so much that it hardly feels worth it. Overall, Kalshi has a promising concept, but with its current liquidity issues and costly fees, it’s not a platform I can recommend for anyone looking to actively trade event predictions. Hopefully, these issues get addressed, but for now, the app just doesn’t deliver.

Events trading is really sick. I’ve added them to my portfolio as a way to get more precise exposure on a number of factors that go into a stock. I wouldn’t be surprised if this trading instrument becomes massive. The company has a lot of educational material, which made it easy to onboard and trade safely. I also like that there is no leverage right now, which makes it simpler and more safe. But I hope the company introduces leverage later down the line as traders build a track record. The app flows well. It’s easy to understand and manage one’s exposure. I also like using the order book functionality: it’s much better than other brokers like IBKR for example, where the interface is so confusing and convoluted.