KalshiEX LLC operates event contracts on a U.S. designated contract market. It is not a licensed casino. It is not an onchain-games operator.
What it is
Event contracts (yes/no, typically quoted $0–$100) matched between participants on a CFTC DCM. That is not a house book in the casino sense. Fiat rails. Classification: prediction / event contracts.
Chance, a prize of value, and who operates can still be a state gambling question. Federal designation is the fact we have. See crypto games vs gambling. This page is not legal advice and not a state-availability map.
Who operates it
Legal name: KalshiEX LLC (Delaware LLC). CFTC press release: San Francisco, CA.
One legal person, one DCM, one product. No casino page. NFA ID was not on the CFTC pages we opened. We did not invent one.
The instrument
Instrument: CFTC Order of Designation as a designated contract market (DCM), CEA §5.
Filing: Industry Filings DCM 42993. Status: Designated. Designated 3 November 2020 (filings). Press release dated 4 November 2020.
Later change: 17 January 2025 — the Commission granted a petition to modify the order to permit intermediated futures trading (FCMs). The amended-order PDF is listed on CFTC; this page does not re-quote unread PDF body.
This is derivatives/exchange designation, not a state gambling licence and not an MGA or UKGC casino licence.
First-party sources:
- CFTC PR 8302-20
- CFTC Industry Filings, DCM 42993
- Amended order listing: orgdcmkexkalshiamord250117.pdf
What we are not saying
Not a licensed casino. Not a legal sportsbook. Not “legal in all US states.” kalshi.com was bot-walled on the 26 August 2026 pass; facts are from CFTC, not from the marketing site. No ranking. No play-now.
How this page was reported
Last updated 26 August 2026. Built from CFTC press release 8302-20 and CFTC industry filing 42993 (status Designated, date 2020-11-03, 17 January 2025 amendment note). Not legal advice.
Also in the encyclopedia
Operators — Sorare, Kalshi, Polymarket US. Sorare · Polymarket US. No casino directory.
Future offer (empty)
Reserved for a licensed, disclosed affiliate offer. Not in use.
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