The only reason platforms like Kalshi are able to operate is based on the fundamental assumption of user trust. However, once that trust is abused, a company loses all credibility—and Kalshi has officially hit that wall for me.I went into this expecting a regulated, fair exchange, but the experience has been nothing short of a nightmare. From my perspective, they are not a company to be trusted. Whether it’s the way they handle trades or the lack of clear communication, the whole operation feels more like a scam than a legitimate financial platform.If you value your hard-earned money and your peace of mind, stay far away. There are much more reliable ways to manage your finances in this city—for example, I’ve found that even high-stakes luxury businesses like La Bijouterie understand the value of a client's trust better than this place ever will.Bottom line: Don't let the "regulated" labels fool you. If a company doesn't respect its users, it doesn't deserve to exist. Avoid at all costs.

Kalshi hosts such a fun and legit market. It’s generally easy to use and absolutely worth a try. Unfortunately every update seems to make the app worse, mostly with awful UI choices that feel like they’re targeted at making users struggle more. Within the last month, you can fit significantly less information on your screen. Features such as the easy to understand profit that updates live such as simply saying 100->156 is now pushed onto a separate screen rather than on the live score page. This is the biggest downside recently, as it takes away a lot of confidence to place bets when you can’t see the live percentages, score, graph, and profits all on the same page anymore. In sports, the teams you’re betting on seem to be intentionally listed out of order at every chance they get. Jets @ Bears in the title and maybe on the scoreboard too, then the buttons to bet are listed as Bears first then Jets. These inconsistencies are everywhere. Some categories don’t get a lot of love. Tennis commonly has matches simply never appear. And the recent cherry on top to bad updates, is that the percentages are almost never accurate to each other on screen. The graph might show Jets 37% and Bears 63%, while the buttons show Jets 56% and Bears 56% commonly not equalling 100%.

At first it was great app ran smooth, nothing ever lagged was easy to make money. Then after like 20k in profits, my phone started to overheat anytime I would open Kalshi, I would literally have to delete the app sometimes and re download it in the middle of a game because it would just Brick my phone. I thought maybe just coincidence, then it started to happen that when I was up on a bet, and wanted to get out it would just tell me that the odds had changed and to re submit my order over and over, and then sit there “processing” when I would submit an order to exit a bet when I was up a little bit thinking the game was about to flip. Too many coincidences to not feel like at this point it’s almost forcing me to lose on bets by not letting me exit by cashing out. And next thing you know I’m losing money and oh now it will let my order to cash out go through! Haha what?!? So I can’t cash out when I’m up but suddenly goes through when I’m at a loss without any lags or “odds have changed resubmit your order” I get it Kalshi needs to make money I guess and when they can’t have everyone winning. But it makes me not want to bet now so where you had someone like me every day betting and transferring money in and out, paying fees to deposit money, fees on each bet entry and exit, now I’d rather not. I can’t even leave the app downloaded on my phone because it drains the battery so much running in background

Let me start by saying this app regularly freezes, crashes, shows incorrect values to your positions, etc.I had been using the app for a few weeks and just powered through these temporary inconveniences. This weekend was enough to give me reason to STAY AWAY. On Saturday I checked to see the lines on the following days games. The app showed me as having 0$ in my portfolio, which I knew was far from the case having won a considerable amount just days prior. By the end of day whatever technical issue Kalshi was experiencing sorted itself out and my balance was restored. Still unsettling.The following day I went to place money on a combo for NFL football. An error message occurred when I tried to submit stating that the odds had changed, it could not be submitted, and to try again. So I tried again. Same message. I did this multiple times. I eventually gave up trying to submit what was intended to be a SINGLE placement. When I ent back to my portfolio I saw that the combo had been placed MULTIPLE times (placing an absurd amount of money on a single unlikely event). When I contacted support giving them an explanation stating that this was placed on their own error message misinforming me, I was given a very brief response that no refunds are issued. No looking into THEIR MISTAKE. No accountability for THEIR ERROR. Nah, just you beat and out of all your money. And don’t put a support reply at the end of this review saying I should contact support because I tried that several times.Stay away from this app. These people are frauds.