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Kalshi vs DraftKings — NFL

Which venue is currently the cheaper side of the same NFL props, de-vigged and counted live.

Right now BeatVig prices 336 NFL props at both. Kalshi is the cheaper side 82% of the time (278 of 336), and DraftKings is cheaper on 57. This is the board as it stands at 31 Oct 18:08 ET, not an average over any period — BeatVig measures live prices and keeps no price history.

How they differ

This is the comparison the whole category argues about, and almost every page answering it is a frozen snapshot from one afternoon. The two venues are not the same kind of thing: DraftKings sets a price and keeps the margin inside it, while Kalshi runs an exchange where traders set the price and the fee sits outside it. On a straight player prop that usually favours Kalshi. On heavily combined bets it often does not. Below is what the two are actually charging on the same props right now, rather than what either was charging in a screenshot.

Where Kalshi is cheaper

Counted above: every prop Kalshi prices lower than DraftKings. Listed below: the ones that also beat a de-vigged fair price, which is the stricter test and the only one worth acting on.

Receptions o2.5

KalshiKalshi +15639.1%39¢ vs DraftKingsDraftKings +14441%41¢ · +1.92pp vs DraftKings

fair 41.7% · Pinnacle, multiplicative devig

+0.66pp

+2.66pp was the raw edge before Kalshi's fee, which takes 2.0 percentage points of it

Receptions o2.5

KalshiKalshi +15040%40¢ vs DraftKingsDraftKings +11446.7%47¢ · +6.73pp vs DraftKings

fair 42.6% · Pinnacle, multiplicative devig

+0.63pp

+2.63pp was the raw edge before Kalshi's fee, which takes 2.0 percentage points of it

Receptions o2.5

KalshiKalshi +15040%40¢ vs DraftKingsDraftKings +11047.6%48¢ · +7.62pp vs DraftKings

fair 42.4% · Pinnacle, multiplicative devig

+0.45pp

+2.45pp was the raw edge before Kalshi's fee, which takes 2.0 percentage points of it

49 more props behind Premium

Free accounts see a 3-edge sample from below the top of the board. Premium unlocks every prop where Kalshi beats DraftKings, in every sport.

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How each one charges

Kalshi
Kalshi is a CFTC-regulated exchange. Every contract settles at $1 or $0, so a 42¢ quote is a 42% implied probability with no sportsbook margin layered on top.
Kalshi charges a per-contract trading fee instead of building a margin into the line. The fee is a curve, not a flat rake: it peaks at roughly 1.75¢ on a contract priced near 50¢ and shrinks toward zero at both extremes, and maker fees are a quarter of taker fees.
Kalshi lists player markets as "X or more" yes/no contracts rather than as an over/under line, so BeatVig converts each contract to the equivalent over price before comparing it to a sportsbook number.
DraftKings
The DraftKings sportsbook sets the line, prices both sides with its margin included, and takes the other side of your bet itself. DraftKings Predictions is a separate, CFTC-regulated product with its own pricing and its own state list.
DraftKings' margin is inside the price. You pay it on every bet you place, whether that bet wins or loses.
DraftKings offers the widest US player-prop menu of any venue on this site.

Kalshi vs DraftKings FAQ

Is Kalshi cheaper than DraftKings?

Across the 336 NFL props priced at both venues right now, Kalshi is the cheaper side on 278 and DraftKings is cheaper on 57; the rest are priced identically at both. Neither venue is cheaper on everything, and this is a live count of the current boards rather than an average over time.

How do you compare a Kalshi price to a DraftKings price?

Every quote from both venues is converted to the implied probability of the same outcome, so a contract price and an American price become the same unit. The cheaper venue is the one implying the lower probability for the side you want.

What does Kalshi charge?

Kalshi charges a per-contract trading fee instead of building a margin into the line. The fee is a curve, not a flat rake: it peaks at roughly 1.75¢ on a contract priced near 50¢ and shrinks toward zero at both extremes, and maker fees are a quarter of taker fees.

What does DraftKings charge?

DraftKings' margin is inside the price. You pay it on every bet you place, whether that bet wins or loses.

How often does this comparison update?

It is computed from the live board every time the page loads, so it reflects the prices both venues are showing at that moment rather than a snapshot taken on an earlier day.

Kalshi vs DraftKings by sport