Kalshi Policy
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Our policies
A parent’s guide to KalshiStopping insider tradingResponsible trading toolsBanned marketsMarket integrity
Our values
Markets over monopolies

Banned markets

Markets should price information. Not incentivize harm.

Violent markets, including war and kidnapping, are banned on Kalshi and not allowed by the CFTC.
The bottom line

Kalshi is federally regulated

Being federally regulated and based in the U.S. means we do not offer any contracts on the following topics:
War markets
Death markets
Nuclear war markets
Assassination markets
Kidnapping markets
Rocket explosion markets
Missile strike markets
Key differences

Regulated vs Offshore

Offshore prediction markets
No prohibited markets (war, death, kidnapping)
Lists war, nuclear, death, kidnapping markets
Subject to U.S. law
Outside U.S. jurisdiction
Reports to federal regulators
No reporting obligations
24/7 surveillance
Zero surveillance or enforcement
Full KYC required
Fully anonymous accounts
Examples

What you won't find on Kalshi

Here are screenshots of unregulated, offshore prediction markets that cannot be listed on Kalshi.
Accountability

Within the U.S. federal
regulatory perimeter

We take pride in our regulated status

Kalshi operates as a CFTC-regulated exchange under the Commodity Exchange Act. We comply with federal law. We do not list war or death markets.
Read the rulebook