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AI trust report · Investing and prediction markets

Is Kalshi legit?

Yes, Kalshi appears to be a real, operating business: Wikidata lists it as a US organisation founded in 2018 by Luana Lara Lopes and Tarek Mansour, and its terms name KalshiEX, LLC. In our AI check of 28 October 2026, kalshi.com scored 89/100 (high trust), mainly because of its Wikidata record, CFTC designation and long-registered, widely used domain, and the score is only an indication.

Checked on by AnyFact's AI Business CheckOfficial site kalshi.com

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Identity card

Who is behind Kalshi?

Who runs it

Kalshi is run by KalshiEX, LLC according to its Member Agreement, and Wikidata lists Luana Lara Lopes and Tarek Mansour as founders.

Sources:kalshi.comwikidata.org

Known organisation

Known organisation: Kalshi (Wikidata), founded 2018, country United States

Source:wikidata.org

Company register

4 web results mention Kalshi with registration terms (not verified)

Source:tradeweb.com

Country

United States

Source:wikidata.org

Founder

Luana Lara Lopes from Wikidata

Source:wikidata.org

Founder

Tarek Mansour from Wikidata

Source:wikidata.org

Business Check · October 28, 2026

What we checked

Kalshi receives a high trust score of 89, supported by its presence on Wikidata as an organisation founded in 2018 in the United States, with two founders listed, a domain registered about 11 years ago, and a Tranco ranking that indicates a widely used site. The site uses HTTPS, is not listed by Google Safe Browsing, and none of the regulator warning list results searched names this site. The US registry check, the FCA register lookup and verification of the site's claimed CFTC regulation were unavailable for this report, and our AI could not confirm a legal notice or company details page automatically, which is not scored outside Europe. Complaints about Kalshi exist online, as for most large services, so it is worth reading them before buying. This score is an indication built from public signals, not a legal or financial assessment.

Company registers1 positive signal1 information1 could not be checked

  • Could not be checked

    Registry check not available for US in this version; no company identifier is shown on the pages read

  • Information

    4 web results mention Kalshi with registration terms (not verified)

    tradeweb.com

  • Positive signal

    Known organisation: Kalshi (Wikidata), founded 2018, country United States

    wikidata.org
    +12
People behind the site1 positive signal

  • Positive signal

    2 people identified from Wikidata: Luana Lara Lopes (Founder), Tarek Mansour (Founder)

    wikidata.org
    +8
Website and legal pages2 information

  • Information

    12 pages read on kalshi.com

    kalshi.com

  • Information

    Our AI could not confirm a legal notice or company details page automatically; it is a legal requirement mainly in Europe (EU, EEA, UK, Switzerland), so it is not scored here

Domain2 positive signal

  • Positive signal

    Domain kalshi.com registered 11.1 years ago (2015-09-12)

    +5

  • Positive signal

    Widely used site: kalshi.com is ranked 7,671 in the Tranco list of the most visited sites, list of 2026-10-27

    tranco-list.eu
    +6
Security2 positive signal

  • Positive signal

    Not listed by Google Safe Browsing

  • Positive signal

    The site uses HTTPS

Regulation1 positive signal2 could not be checked

  • Could not be checked

    FCA register lookup not available for this report

  • Could not be checked

    The site mentions regulation by CFTC; this claim is not verifiable in this version

  • Positive signal

    Regulator warning lists searched (FCA, AMF, CySEC, ASIC, CONSOB, CNMV, BaFin and others): none of the results names this site

Reputation1 information

  • Information

    Complaints exist online about Kalshi, as for most large services (bbb.org, youtube.com); read them before buying

    youtube.com
AI review1 positive signal

  • Positive signal

    AI review of the site content: 4 positive, 3 negative findings

    +8
What our AI noticed on kalshi.com and around it

  • Positive: CFTC lists Kalshi as a Designated Contract Market

    Organization: Kalshi. Status: Designated.cftc.gov

  • Positive: Site displays clear risk disclosure, no guaranteed returns

    Members risk losing their cost to enter any transaction, including fees.kalshi.com

  • Positive: Regulatory documents, rulebook and fee schedule published on site

    Regulatory Documents Kalshi EX & Klear Exchange & Clearinghouse Agreement Notices Product Certifications Rulebookkalshi.com

  • Positive: CFTC rulebook filed for KalshiEX LLC

    cftc.gov

  • Point of attention: Trustpilot rating is low across 407 reviews

    TrustScore 2.5 out of 5. 407 reviews.trustpilot.com

  • Point of attention: User complaints posted online about payouts and treatment

    reddit.com

  • Point of attention: Site address on pages read is limited to city and postcode

    594 Broadway, Office 407 (Kalshi), 10012, NYC, United States.trustpilot.com

Each finding quotes the page or text it is based on. Findings without evidence are dropped.

All 32 sources consulted

Buyer protection

Is Kalshi safe to buy from?

Listed by the CFTC

The CFTC lists Kalshi as a Designated Contract Market, and a rulebook is filed for KalshiEX LLC. Our AI could not verify the regulation claim automatically.

Sources:cftc.govcftc.gov

Risk disclosure and published documents

Kalshi's regulatory page states that members can lose the cost of any transaction, including fees. It also publishes its rulebook and fee schedule.

Source:kalshi.com

Trades are not refundable under the terms

The Member Agreement says each service is delivered on completion and not subject to cancellation or refund. Do not expect to reverse a trade.

Source:kalshi.com

Reporting unauthorized activity

Kalshi's help centre says to report unrecognised deposits, withdrawals or trades through the in-app chat. It adds that transactions completed through verified devices are considered final.

Source:help.kalshi.com

Merch shop has its own refund terms

The Kalshi merch shop replaces or refunds items with print errors or visible quality issues. General returns are not accepted because items are made to order.

Source:shop.kalshi.com

Scams that use the name

Warning signs to know about Kalshi

  1. Unrequested verification code emails

    People on Reddit and YouTube ask about Kalshi verification emails they never requested. A Reddit reply says that if you never signed up, it is almost certainly a scam.

    Sources:reddit.comyoutube.com

  2. Anyone asking for codes, passwords or money

    Kalshi says its employees never ask for your password or one-time codes, or for money or crypto to verify an account. Anyone doing so is not Kalshi.

    Source:help.kalshi.com

  3. Phishing messages claiming to be Kalshi

    Kalshi's help page warns of messages, emails or requests that claim to be from Kalshi and ask for account information.

    Source:help.kalshi.com

  4. Fake sign-up pages harvesting personal data

    A Facebook post warns that a Kalshi-branded sign-up is a phishing ploy to collect email, phone, address and ID. This is one user's claim, and the same thread says Kalshi is real.

    Source:facebook.com

  5. Payout and account-restriction disputes

    Trustpilot and Reddit users report delayed withdrawals, missing credits and account restrictions. Check your balance and the market's rules before depositing larger sums.

    Sources:trustpilot.comreddit.com

Public complaints, paraphrased

What customers complain about

Trustpilot shows a low rating of 2.5 out of 5 across 407 reviews, with reports of account lockouts and payout delays. Reddit posts and BBB complaint pages also contain disputes about payouts, and a law firm describes a proposed class action alleging an unlicensed sports book, which are allegations.

Sources:trustpilot.combbb.orglieffcabraser.com

Questions about Kalshi

Is Kalshi legit?

Kalshi appears to be a real business: the CFTC lists it as a Designated Contract Market and Wikidata records it as a US organisation founded in 2018. Our AI check scored it 89/100, an indication only.

Sources:cftc.govwikidata.org

Is Kalshi safe?

The domain is not on Google Safe Browsing, but trading carries risk of loss. Kalshi's own pages say members can lose the cost of any transaction.

Sources:kalshi.comhelp.kalshi.com

Is Kalshi a scam?

We do not call Kalshi a scam. Some users on Reddit and Trustpilot describe payout disputes, and scammers send fake messages in its name, so check each message and your account carefully.

Sources:reddit.comreddit.com

Is Kalshi safe to buy from?

Kalshi is a trading exchange, so what you buy are event contracts, whose value can fall to zero. Its terms say completed services are not refundable, so read the rules of each market first.

Sources:kalshi.comkalshi.com

Who owns Kalshi?

Kalshi's Member Agreement names KalshiEX, LLC as the exchange. Wikidata lists Luana Lara Lopes and Tarek Mansour as founders; our AI could not confirm the ownership structure automatically.

Sources:kalshi.comwikidata.org

How to spot a fake Kalshi message?

Kalshi says its staff never ask for verification codes, passwords or transfers of money or crypto. Any contact asking for these is a scam, and Kalshi tells users to report it.

Source:help.kalshi.com

How do Kalshi refunds work?

Kalshi's Member Agreement says its services are not subject to cancellation or refund once completed. For the merch shop, items with quality issues are replaced or refunded, and you have 30 days to raise them.

Sources:kalshi.comshop.kalshi.com

Methodology

How this report was made

On October 28, 2026, AnyFact's AI Business Check looked at kalshi.com the way it looks at any site: company registers (France, the UK, US public companies, LEI holders), Wikidata, the age of the domain, Google Safe Browsing, regulator warning lists, web reputation, and an AI review of the site whose findings must quote their evidence. The copy on this page only restates what those sources say, with a link to each. How the Business Check works.

Reports are refreshed every month.

Limits of this report

  • The score is an indication built from public signals, not a legal or financial assessment.
  • Registry checks are available for France, the UK, US public companies and entities with an LEI; elsewhere identifiers found on the site are shown unverified.
  • A young or small business can be legitimate; an established-looking site can still be fraudulent.
  • For investment platforms, always check the regulator of your own country before sending money.

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