Which cryptocurrencies does Kalshi list?
Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, XRP, BNB, HYPE, Cardano, Avalanche, Chainlink, Polygon (MATIC), Polkadot, and several others. Bitcoin and Ethereum have the most active markets by daily volume.
A practical guide to this Kalshi category — what the markets look like, how settlement works, where the edge actually is, and the resources for building a strategy. Live current markets and FAQ below.
Kalshi lists crypto price prediction markets covering Bitcoin, Ethereum, Solana, Dogecoin, XRP, and a dozen-plus altcoins. Each market is a binary contract on whether a coin's price will close above (or below) a specific threshold at a specific time — typically the CME's bitcoin reference rate at 4 PM ET, or the equivalent for other coins.
Crypto markets on Kalshi have a different rhythm than weather or sports. Volatility is high, settlement is precise (the market settles on the published fixing, not an order book), and the market price moves with the underlying asset second-by-second. The edge is in identifying when implied volatility prices in a move larger than the spot is actually telegraphing — usually around Fed announcements, ETF flow data, or major exchange events.
Bitcoin markets typically settle on the CF Benchmarks BRR (Bitcoin Reference Rate) at 4 PM ET — the same rate used by CME futures. Ethereum settles on the equivalent ETH rate. This is good news for traders: settlement is unambiguous and not manipulable by a small exchange's order book.
Smaller-cap coins (HYPE, ADA, AVAX, MATIC) often settle on Coinbase or aggregated index prices — check the market language. Settlement methodology matters more here than in weather or sports because crypto can move 5-10% in the final hour, which is the whole spread of most contracts.
The favorite-longshot effect exists in crypto but is noisier than in weather. The 88-95¢ NO band has historically returned 1.0-1.5% per trade after fees — smaller than weather because the underlying is more volatile. Win rates are lower (~87-90%) because the spot can move enough in the final hour to flip a 90¢ NO into a loss.
The most reliable crypto edge isn't favorite-longshot — it's event-driven IV mispricing: the implied volatility priced into Kalshi markets ahead of FOMC, CPI, or ETF flow data days is often 20-40% too high. Selling vol (taking the high-probability NO side near the strike) into these consensus events compounds well.
| Market | NO ask | Spread | 24h vol |
|---|---|---|---|
| Bitcoin price on Jun 10, 2026? | 45¢ | 1¢ | $4,235 |
| Bitcoin price on Jun 10, 2026? | 7¢ | 1¢ | $2,923 |
| BTC price up in next 15 mins? | 66¢ | 1¢ | $2,608 |
| Bitcoin price on Jun 10, 2026? | 92¢ | 1¢ | $2,199 |
| Bitcoin price on Jun 10, 2026? | 1¢ | 1¢ | $1,332 |
| Bitcoin price on Jun 10, 2026? | 99¢ | 1¢ | $881 |
| Bitcoin price on Jun 10, 2026? | 1¢ | 1¢ | $717 |
| Bitcoin price on Jun 10, 2026? | 100¢ | 99¢ | $671 |
| Will Bitcoin be above $200000 by Jan 1, 2027 at 11:59PM ET? | 96¢ | 1¢ | $640 |
| Bitcoin price on Jun 10, 2026? | 43¢ | 1¢ | $552 |
| Bitcoin price on Jun 10, 2026? | 1¢ | 1¢ | $413 |
| Bitcoin price on Jun 10, 2026? | 72¢ | 2¢ | $314 |
Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, XRP, BNB, HYPE, Cardano, Avalanche, Chainlink, Polygon (MATIC), Polkadot, and several others. Bitcoin and Ethereum have the most active markets by daily volume.
The CF Benchmarks BRR (Bitcoin Reference Rate) is the daily 4 PM ET fixing used by CME bitcoin futures. Kalshi BTC markets settle on this rate, which means the price is unambiguous and not manipulable by a single exchange. ETH markets settle on the ETHUSD_RR equivalent.
Yes — and pre-event implied volatility is typically the most reliable systematic edge in this category. The market routinely overprices the magnitude of post-FOMC moves by 20-40% when consensus is tight. Selling vol (taking the NO side near the strike) before high-consensus events historically generates positive expected value, with the caveat that occasional outsize moves can erase several months of gains.
Generally no. Smaller-cap markets (anything besides BTC/ETH) often have $100-500 in daily volume and 5-10¢ spreads. The favorite-longshot edge gets eaten by the bid-ask cost on every entry.
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