Is Kalshi custodial? Who holds your funds?
Yes. Kalshi is custodial: the venue holds your funds on your behalf.
Checked 2026-10-17 · 3 sources- Kalshi holds customer funds. Perps margin is held by Kalshi Prime, a registered FCM, in a customer-segregated account separate from Kalshi's operating funds and from the predictions balance.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 3 reported incidents for Kalshi on its legit check.
Sources: Kalshi Help: Referral Program FAQ · Kalshi Security Holds · Kalshi Transfers FAQ. The venue's own page wins if it disagrees with ours.
Kalshi
Prediction market. Kalshi is a US prediction-market exchange regulated by the CFTC as a Designated Contract Market, where users trade event contracts on sports, politics, economics, weather and other outcomes in US dollars. It also offers perpetual futures to approved US users through its FCM, Kalshi Prime.
Full Kalshi sheet: fees, custody, incidents →