Kalshi Expands Nationwide Sports Trading With New Betting Options

Kalshi is stepping deeper into sports betting territory. Just days before football season kicks off, the federally regulated prediction market has announced a major expansion of its sports event contracts.

Good to know

• Kalshi is regulated by the U.S. Commodity Futures Trading Commission (CFTC).
• The new offerings include spreads, totals (Over/Under), and touchdown props.
• The company has already handled $6 billion in trading volume, with $2 billion tied to sports contracts.

Regulatory filings posted Monday show Kalshi is rolling out contracts for point spreads, game totals, and scoring props such as whether a player reaches the end zone. Until now, the platform had largely focused on moneylines and futures, but this marks its boldest step yet into what looks a lot like traditional sports wagering.

Kalshi describes its contracts as “sports trading,” a way to provide regulated alternatives to the illegal betting market that still flourishes across the U.S. The company says demand for these new options has been growing rapidly.

Because Kalshi operates under federal oversight from the CFTC, its contracts can legally be offered nationwide. But the approach hasn’t gone unchallenged. Some state regulators question whether Kalshi is effectively running a sportsbook without a gaming license.

The company self-certifies its contracts rather than having them individually approved by the CFTC, leaving open the possibility—though unlikely—that regulators could intervene. For now, Kalshi appears confident enough to expand into props and totals, markets familiar to anyone who has wagered on football.

CEO Tarek Mansour said:

“Bringing these markets under CFTC oversight gives consumers the same level of protections as Wall Street traders and institutions. Kalshi is bringing more liquidity, efficiency, and price competition to markets on the $400 billion sports industry, and our traction so far is testament to that.”

Growing volume

Since its launch, Kalshi has facilitated more than $6 billion in trades. Roughly $2 billion of that has come from sports event contracts introduced over the past seven months. While the numbers are still small compared with the billions wagered at state-regulated sportsbooks, the company sees momentum building.