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    HomeLearnPrediction Market Platform Transparency Scoreca…
    Audit
    April 20268 min read

    Prediction Market Platform Transparency Scorecard (2026): Kalshi vs Polymarket and More

    Compare prediction market platforms on rule clarity, resolution transparency, dispute handling, regulator status, and public documentation. See how Kalshi, Polymarket, PredictIt, and others stack up.

    Platforms Scored

    4

    Highest Score

    78/100

    Dimensions

    5

    Trust Events

    6+

    Quick Summary

    The key takeaway from this page

    Kalshi scores highest overall (78/100) for transparency due to CFTC regulation, though the Khamenei death-carveout controversy dented trust. Polymarket (68/100) excels in decentralized resolution but lacks dispute visibility for average users.

    Platform Transparency Scorecard

    Which platforms explain their rules clearly — and which don't?

    Updated April 22, 2026Methodology ↓Compare pages →
    Best Rule Clarity

    Kalshi

    7.5 / 10

    Best Dispute Visibility

    PredictIt

    7.0 / 10

    Most Regulated

    Kalshi

    10.0 / 10

    Biggest Trust Gap

    Kalshi

    Rule-amendment controversy

    Active Trust & Spread Signals

    Overall Rankings

    Platform scores compared

    RankPlatformScoreRegulatory StatusTrust Flag
    1Kalshi
    78/100
    CFTC DCM + DCOKhamenei death carveout controversy
    2PredictIt
    74/100
    CFTC No-Action LetterLegacy limits
    3Polymarket
    68/100
    CFTC DCM (via QCX LLC)Dispute opacity
    4Robinhood (via Kalshi)
    63/100
    White-label (Kalshi infrastructure)White-label transparency gap
    5Sporttrade
    61/100
    State-licensedLower coverage

    Scoring Breakdown

    Detailed dimension scores

    PlatformRulesResolutionDisputesDocsRegulation
    Kalshi7.5768.510
    PredictIt77.577.58
    Polymarket66.5577
    Robinhood (via Kalshi)665.56.58
    Sporttrade6.565.55.57

    Each dimension scored 1–10. Higher is better.

    Platform Details

    Recent Trust Events

    Timeline of platform controversies

    2026-04-14Ohio OCCC issues $5M notice of intent to fine Kalshi for unlicensed sports-betting operationKalshi
    2026-04-10CFTC TRO granted vs Arizona — bars AZ from enforcing gambling laws against CFTC DCMs; Kalshi criminal arraignment called offKalshi
    2026-04-06Third Circuit rules 2-1 (KalshiEX LLC v. Flaherty): CFTC has exclusive jurisdiction over Kalshi sports event contracts — first federal appeals court win for PM preemptionKalshi
    2026-03-06Business Insider frames Kalshi fine-print dispute as category-wide trust issueKalshi
    2026-03-05"Gambling Is Not Investing" coalition formally launched (Mulvaney)
    2026-03-04Michigan AG Nessel sues Kalshi; Polymarket counter-sues preemptivelyKalshi
    2026-03-03Bloomberg editorial escalates prediction market trust criticism
    2026-02-28Khamenei killed; Kalshi invokes death carveout on $54M market, $2.2M refunds followKalshi
    2025-11-25Polymarket QCX LLC amended CFTC order; US relaunch follows in December 2025Polymarket
    2026-01-20CFTC Chair Selig announces formal rulemaking push for event contracts

    How We Score Transparency

    Our methodology explained

    Rule Clarity

    Are contract terms unambiguous and published before trading opens?

    Resolution Transparency

    Is the resolution process visible and well-documented?

    Dispute Visibility

    Can users see outcomes of challenges and appeals?

    Public Documentation

    Are rules, APIs, policies, and resolution criteria publicly accessible?

    Regulatory Accountability

    Is there meaningful external oversight (CFTC, state, or other)?

    This is an editorial scorecard based on publicly available evidence, not a mathematical model. Scores reflect our assessment as of April 2026. We update this page as platforms change their practices or new trust events occur. This is not investment advice.

    Related on PredictionMarkets.us

    Kalshi vs PolymarketHead-to-head platform comparisonSettlement GuideHow markets resolve & what can go wrongIs Kalshi Safe?Safety, regulation, and fund protectionState RegulationsWhere prediction markets are legalGambling vs InvestingThe legal distinction that mattersCompare MarketsLive cross-platform spread tool

    Sources & References

    CFTC.govKalshi.com (public rules)Polymarket.com (UMA oracle docs)PredictIt.org (market rules)Business InsiderBloombergWIREDGamingAmerica.com

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