Purrdict vs Kalshi
Compare Purrdict and Kalshi — on-chain vs regulated prediction markets. Fees, access, market types, settlement, and which platform is right for you.
Purrdict Advantages
- On-chain settlement with instant finality (Kalshi settles internally)
- Wallet-connected, self-custodial interface
- On-chain settlement with full transparency
- Sub-second fills via Hyperliquid
- Self-custodial — no need to deposit to a company
- Crypto-native markets and collateral
Kalshi Advantages
- CFTC-regulated in the United States
- Legal clarity for US traders
- USD deposits via bank transfer
- Established dispute resolution process
- Wide range of economic and weather markets
- Mobile and desktop apps
Verdict
Kalshi is the CFTC-regulated option for US traders who want legal clarity. Purrdict offers on-chain settlement, shared margin, and global access via Hyperliquid. Choose Kalshi for regulatory safety; choose Purrdict for crypto-native trading with instant settlement.
Network notice: Curated HIP-4 markets trade on Hyperliquid mainnet. Purrdict’s permissionless Launchpad and synthetic parlay infrastructure are currently testnet only. Product availability and legal access depend on jurisdiction.
Purrdict vs Kalshi: Full Comparison
Kalshi is the first CFTC-regulated prediction market exchange in the US, offering event contracts on economics, weather, and politics. Purrdict is a crypto-native prediction market on Hyperliquid. They serve different audiences but compete in the same space.
Regulation
Kalshi is a Designated Contract Market (DCM) regulated by the CFTC. This provides legal clarity for US traders but also means KYC requirements, geographic restrictions, and limits on market types (the CFTC blocked election contracts for years).
Purrdict is a wallet-connected interface to on-chain markets. Wallet access does not establish that a product is lawful or available in every jurisdiction, and Purrdict is not a CFTC-regulated designated contract market.
Fees
| Purrdict | Kalshi | |
|---|---|---|
| Maker fees | 4 bps (0.04%) | Variable (1-7%) |
| Taker fees | 7 bps (0.07%) | Variable (1-7%) |
| Protocol surcharge | None | Embedded in spread or explicit |
| Builder fee (our revenue) | 0.1% on sells only | N/A |
| Gas fees | None (HyperCore L1) | N/A |
| Withdrawal | Free | Free (bank transfer) |
| Minimum trade | ~$0.20 (20 shares min) | ~$1 |
Purrdict uses Hyperliquid’s standard spot fee schedule with no protocol surcharge on HIP-4 markets. Kalshi’s fee structure is opaque and varies by market — costs typically range from 1 cent to 7 cents per contract, which at a $0.50 midpoint is equivalent to 2% to 14% round-trip.
Market Types
Kalshi specializes in:
- Economic indicators (GDP, employment, CPI)
- Weather events
- Fed rate decisions
- Selected political events
- Company earnings
Purrdict focuses on:
- Crypto price markets
- Multi-outcome event markets
- Community and culture markets
- Expanding to politics and economics
Settlement
Kalshi settles internally via its regulated platform. Settlement is reliable but opaque — you trust Kalshi to process correctly.
Purrdict settles on-chain via smart contracts on Hyperliquid. Settlement is transparent, verifiable, and automatic.
Who Should Use Each?
Choose Purrdict if:
- You are crypto-native and comfortable with wallets
- You want instant on-chain settlement
- You want on-chain transparency
- You are outside the US or do not need CFTC regulation
Choose Kalshi if:
- You are a US trader who wants regulatory clarity
- You prefer USD deposits and bank withdrawals
- You want economic and weather markets
- You are not comfortable with crypto wallets