Whether we were trading on Kalshi election events or other categories, the platform always made sure to deduct fees. Kalshi fees were not a fixed rate either, because every single time, they were based on the price of our contract.
If you're looking to join Kalshi, then you have to understand how they work and what it will cost you per trade. We've put all that we learned from our experience trading on the platform together, and that is what we will share on this page. We’ll also include other fees associated with the medium of payment that you use.
We'll get into the specific fees in a moment, but for now, these are the pros and cons:
When we tried a Kalshi election forecast for the first time, we totally missed the fees because they weren’t exactly obvious. However, with time, we started to notice that they took very tiny percentages based on our trades. That's when we started to look at the different fee structures and how they can also vary depending on the market. Generally, there are two types of trading fees on the platform: one is the maker fee, and the other is the taker fee.
Let's say there is an order on one of the Kalshi election markets, and it is not matched immediately. It will be left as a resting order on the order book, and a maker fee will apply. This is usually associated with limit orders, which means that you are not ready to purchase any contract at the price that is currently on the market.
When you buy or sell orders at the market price on a regular day, a taker fee will apply. The platform doesn't wait till later but immediately deducts its charges once your order fills.
The exact amount you will pay in fees varies across different payment methods. If you choose to use a debit card, for example, you will have to part ways with a 2% processing fee. However, it is a very minimal price to pay when you consider how quickly the transaction will go through. Imagine carrying out the same transaction with an ACH bank transfer or wire transfer. It is definitely much cheaper; in fact, it charges you nothing. However, the trade-off is a longer processing time.
Even for withdrawals, the same 2% applies when you use a debit card. That means, assuming you were supposed to get $100, you will be giving your payment processor $2 out of it. The speed makes up for that cost once again because if you use the other traditional banking method, you do not pay any charges. Yet, you have to wait a few days. If you would rather avoid transaction fees altogether, the best option for you is to use cryptocurrencies for your deposits and withdrawals. That's what we used throughout our Kalshi review, and it's saved us a few bucks.
We saw that no fees apply to settled Kalshi event contracts. That means the platform gets nothing once contracts resolve to $0 or $1. That’s one less cost to worry about.
In summary, the fees you should plan for before your next Kalshi sports market prediction include the following:
| Fee type | Charged by Kalshi |
|---|---|
| Maker | Depending on the contract price |
| Taker | Depending on the contract price |
| Deposit | Variable per method |
| Withdrawal | Variable per method |
| Settlement fees | No |
If you have just registered on Kalshi for the first time, there’s no need to panic about the costs. Once you have read and understood the fee breakdown above, you are ready to start trading. What you have to do first is go through the available event contracts and see the ones that you are interested in. Since there is no fixed cost when it comes to the maker and taker fee, you can easily manage what you lose in platform charges.
That's because the cost will always depend on your contract price. By the way, these fees are what the platform currently offers, and they can change them at any time. We will make sure to update this page if any changes occur. If you're yet to create a Kalshi account, click the link on any of the banners right now to set up one.
There are no fees for settling Kalshi contracts, so that is one less cost to worry about. Once any contract settles at $1 or $0 the prediction market platform will automatically pay out without adding any extra charges.
Doing deposit and withdrawal transactions on Kalshi with cryptocurrencies is completely free of charge. The platform does not request that you pay any fees at all. Still, you have to factor in whatever tiny deductions will be made for the processing of your payment on the blockchain.
For one event contract, the fee is currently around 1 to 2 cents. That is a significantly low amount, but you should always keep an eye out for protection changes. If they do make an update to the current fee structure, we will make sure to provide it in this article. However, costs will always depend on the value of your contract.