LaunchPoly helps Polymarket traders discover the best tools to trade smarter. Find analytics dashboards, trading bots, portfolio trackers, alerts, and more - all rated by the community with weekly top 3 winners.

What are Polymarket tools?

Polymarket tools are third-party applications that enhance your prediction market trading experience. This includes analytics dashboards, trading bots, portfolio trackers, price alerts, arbitrage finders, and API integrations.

Are the tools on LaunchPoly free?

Many tools on LaunchPoly are free to use. We clearly label each tool as Free, Freemium, or Paid so you know what to expect before clicking through.

How do I submit my Polymarket tool?

You can submit your tool on our submission page. Create an account, fill out the form with your tool details, and our team will review it. Free submissions are reviewed within 48-72 hours, or upgrade to Instant Listing for immediate approval.

Is Polymarket legal in the US?

Polymarket officially blocks US users via geolocation. Many US traders access it using VPNs, but this violates their terms of service. Kalshi is the only fully legal prediction market for US residents after winning their CFTC court case in 2024.

Which has lower fees, Polymarket or Kalshi?

Polymarket has zero trading fees — you only pay ~$0.01 Polygon gas. Kalshi charges 1-7% per contract. For active traders, this difference means $500-800 in extra costs per 100 trades on Kalshi.

Which prediction market has more liquidity?

Polymarket dominates with $9B+ volume in 2024 vs Kalshi's ~$500M. On major markets like elections, Polymarket has 10-50x more liquidity, meaning better prices and less slippage.

Can you arbitrage between Polymarket and Kalshi?

Yes — when the same event trades at different prices on both platforms, you can buy low on one and sell high on the other. These opportunities are rare and fast but some traders run bots scanning both platforms 24/7.

Polymarket vs Kalshi: Which Prediction Market Should You Use in 2025?

Polymarket did $9 billion in volume in 2024. Kalshi is now legally available to US bettors after winning their CFTC court battle.

Both platforms let you bet on real-world events. Both have markets on elections, crypto, sports, and more.

So which one should you use?

I trade on both. Here's the honest comparison.

The 60-Second Summary

Feature	Polymarket	Kalshi
Regulation	Unregulated (Crypto)	CFTC-regulated (US)
Currency	USDC (Crypto)	USD (Bank/Card)
US Access	Officially blocked	Fully legal
Volume	$9B+ (2024)	~$500M (2024)
Fees	0% trading	1-7% per contract
Min Trade	~$1	$1
Markets	500+ active	200+ active
Best For	Crypto users, non-US	US residents, beginners

Bottom line: Polymarket has more volume and no fees but requires crypto and technically blocks US users. Kalshi is legal, takes USD, but has fees and less liquidity.

Polymarket: The Deep Dive

What Is Polymarket?

Polymarket is a prediction market built on Polygon (Ethereum L2). You trade using USDC stablecoin. Every trade settles on-chain, meaning full transparency.

In 2024, it became the largest prediction market in history with over $9 billion in volume — mostly driven by the US presidential election.

Polymarket Pros

1. Zero Trading Fees

Polymarket charges no fees on trades. You pay only Polygon gas (~$0.01) and the spread.

Compare that to Kalshi's 1-7% fees, and the savings add up fast for active traders.

2. Highest Liquidity

More volume = better prices. On major markets (elections, crypto), Polymarket has 10-50x more liquidity than Kalshi.

This means tighter spreads and less slippage on large orders.

3. Full Transparency

Every trade is on-chain. You can:

Verify any trader's real P&L on Dune Analytics
Track whale wallets in real-time
Audit the entire order book

No other prediction market offers this level of transparency.

4. More Markets

Polymarket has 500+ active markets vs Kalshi's 200+. More niche events, more opportunities.

Polymarket Cons

1. Technically Blocks US Users

Polymarket uses geoblocking for US IP addresses. Many US users access it via VPN, but this is against their terms of service.

Not legal advice — do your own research on your jurisdiction. 2. Requires Crypto

You need:

A crypto wallet (MetaMask, Coinbase Wallet, etc.)
USDC on Polygon network
Understanding of bridging, gas, etc.

If you've never used crypto, there's a learning curve.

3. No Customer Support

Decentralized means no phone number to call. Discord is your best bet for help.

4. Regulatory Risk

Polymarket operates offshore. Future regulations could impact access or withdrawals.

Kalshi: The Deep Dive

What Is Kalshi?

Kalshi is a CFTC-regulated prediction market based in New York. It's the first (and only) federally legal platform for event contracts in the US.

After winning a court battle in 2024, Kalshi can now offer political markets to US residents.

Kalshi Pros

1. 100% Legal in the US

This is Kalshi's killer feature. No VPNs, no gray areas, no regulatory risk.

Your funds are protected by US financial regulations.

2. USD Deposits

Link your bank account or debit card. No crypto required.

For beginners, this removes the biggest barrier to entry.

3. Clean Interface

Kalshi's app is polished and beginner-friendly. If you've never traded prediction markets, you'll figure it out in minutes.

4. Tax Reporting

Kalshi provides 1099 forms. Your gains and losses are properly documented for US taxes.

On Polymarket, you're responsible for tracking everything yourself.

Kalshi Cons

1. Trading Fees (1-7%)

Kalshi takes a cut of every trade. On low-probability events, fees can eat a significant portion of your profit.

2. Lower Liquidity

Less volume means:

Wider spreads
More slippage on large orders
Some markets barely trade

3. Fewer Markets

~200 active markets vs Polymarket's 500+. Fewer niche events available.

4. Withdrawal Limits

Kalshi has withdrawal restrictions and processing times. Not as instant as crypto.

Head-to-Head: Key Comparisons

Fees Example

You bet $100 on an outcome at 50¢ that wins:

Polymarket:

Cost: $100 (no fees)
Payout: $200
Profit: $100

Kalshi:

Cost: $100 + ~$3-5 fees
Payout: $200 - fees on exit
Profit: ~$92-95

On a single trade, small difference. Over 100 trades, Kalshi fees cost you $500-800.

Liquidity Example

2024 US Election, "Trump Wins" market:

Polymarket: $3.5B+ total volume, $50M+ daily Kalshi: ~$100M total volume

For elections, Polymarket dominates. For some niche events, Kalshi might have exclusive markets.

Market Coverage

Only on Polymarket:

Many crypto-specific markets
International events
More obscure categories

Only on Kalshi:

Some US-specific regulatory events
Certain economic indicators

Both have:

Elections
Major sports
Crypto prices
Fed decisions

Which Platform Should You Use?

Use Polymarket If:

✅ You're outside the US (or willing to use VPN) ✅ You're comfortable with crypto wallets ✅ You trade actively and want zero fees ✅ You want maximum liquidity and market selection ✅ You value on-chain transparency

Use Kalshi If:

✅ You're in the US and want 100% legal ✅ You prefer USD and bank deposits ✅ You're new to prediction markets ✅ You need proper tax documentation ✅ You want customer support access

Use Both If:

The smart move for serious traders: use both.

Arbitrage between platforms when prices diverge
Access exclusive markets on each
Hedge positions across both

The Arbitrage Opportunity

When the same event trades on both platforms, prices sometimes diverge. Example:

"Trump Wins" market (October 2024):

Polymarket: 58¢
Kalshi: 54¢

Buy on Kalshi, sell on Polymarket = risk-free 4% (minus fees and friction).

These opportunities are rare and fast, but they exist. Some traders run bots scanning both platforms 24/7.

Tools for Both Platforms

Whether you trade Polymarket, Kalshi, or both, you need good tools:

For Polymarket:

PolyTrack — Whale tracking and alerts
Dune Dashboards — On-chain analytics
Polymarket Whales — Twitter alerts for big trades

For Kalshi:

Kalshi API — Build custom trading tools
Kalshi Discord — Community and market discussion

For Both:

Spreadsheet tracking — Monitor positions across platforms
Arbitrage scanners — Catch price divergences

👉 Browse all Polymarket tools →

Key Takeaways

Polymarket = More volume, zero fees, requires crypto — Best for serious traders comfortable with crypto.

Kalshi = Legal in US, USD deposits, has fees — Best for US residents and beginners.

Polymarket has 10-50x more liquidity on major markets like elections.

Kalshi fees (1-7%) add up fast for active traders.

Using both opens arbitrage opportunities and market access.

Ready to Start?

If you're new to prediction markets, try Kalshi for the easy onboarding.

If you want maximum edge, learn crypto and use Polymarket.

Either way, check out our tools directory to trade smarter:

👉 See the best Polymarket tools →

Questions? Join our community and ask other traders which platform they prefer.

Polymarket vs Kalshi 2026: Fees, Liquidity & Which One Wins

💡 Key Takeaways