Kalshi reviews: trading, payouts and whether it feels like gambling
Shared report · refreshed weekly · updated Oct 28, 2026
Kalshi is the largest federally regulated prediction market app in the U.S., where you can make money by predicting real-world events, including football, basketball, hockey, and other sports, plus crypto prices.
Finance · Free · out since 2022 · from the App Store descriptionWithin complaints about company, ethics and policy for Kalshi, reviewers mainly object to gambling dressed up as trading and to markets they say are settled in the company's favour.
OneStar read 1,968 App Store and Google Play reviews of Kalshi posted from Oct 2025 to Oct 2026. Of the 1,968 people who reviewed Kalshi in OneStar's sample, 48% complain and 50% praise it. The top complaints about Kalshi are company, ethics and policy (19% of complaints); crashes and bugs (11%); and charges and refunds (9%). In OneStar's sample of Kalshi reviews, 3% of reviewers say they're quitting. OneStar's report on Kalshi was last updated on Oct 28, 2026.
What goes wrong
otherwise you will immediately recognize it for what it is: a predatory app that will likely lose a class action lawsuit in the near future
it runs so bad that most of the time I went to sell it suddenly stopped working.
fraud, I opened an account, and months later, after not ever using it and only having $10 in my portfolio it randomly charged $120 to my bank account and im having to dispute to get it back.
Can’t talk to a human at all?!!
Until you implement injury protection for NFL games without having to "turn it on", this will stay at one star.
What goes well
Love this app number 1
I love how clean the layout is and how easy it is to submit an order, very intuitive easy learn.
Great app, Keeps me entertained for hours
I love all the different choices of bets this app has.
I like this app. It is teaching me how to do this.
Reasons for quitting
The main complaint of the 52 reviewers who say they stopped or are quitting
Their categories
Yes or no questions the person who shared it asked of each review
it runs so bad that most of the time I went to sell it suddenly stopped working.
bad reliability plus bad service is a bold combo
it runs so bad that most of the time I went to sell it suddenly stopped working.
Kalshi creates wagers they don't have capacity or resources to monitor, then resolve bids to favor themselves at the expense of users.
When I 1st downloaded this app it was 💯 I was so excited to start this new way of making income trading and betting I referred everyone I knew cashed out a bit of money and now they have had my...
What they use it for
503 of 1,968 reviewers said; shares are of them
⚠️ Update: Limit Order is adjusting my specific prices beyond normal slippage, spread-edge, or fees, costing me money when trying to invest accurately.
first time trader, easy to get little cash for food and gas
Todo, para recordar fondos para una buena causa
What they ask for
87 reviews ask for something
Who is saying it
The biggest clear differences between audiences; 6 more with a free account
TenureNew user: say they're quitting 2.0x as often as everyone (5% vs 3%).
Developer replyDeveloper replied: say they're quitting 2.4x as often as everyone (6% vs 3%).
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