Moomoo is the third big US brokerage, after Robinhood and Coinbase, to put Kalshi's event contracts inside its own app. The National Futures Association approved Moomoo Financial as a futures commission merchant on May 1, 2026; the company announced its plans on May 12 and confirmed Kalshi as the exchange on June 4. You trade the same yes/no contracts, priced 1¢ to 99¢ and fully collateralised, from the same cash balance you use for stocks and options. The main unknown is cost: Moomoo hadn't published a fee schedule for event contracts when we checked in October 2026.
What's actually on offer
The contracts are Kalshi's. That means economics (Fed rate decisions, CPI and jobs prints), politics (elections, control of Congress), culture and global events (the 2026 World Cup was Moomoo's own headline example), and sports where Kalshi's state map allows. Prices are the market's implied probability, and the maximum loss on a position is the amount you paid, which Moomoo stresses as the point of "fully collateralised".
What Moomoo adds is the account: a single cash balance ("consolidated cash buying power") across equities, ETFs, options and event contracts, so you don't move money between apps; a news feed and probability/implied-volatility tracking in the contract view; and the lifecycle view from order to settlement. The firm's own framing is that it routes customers to CFTC-regulated exchanges rather than listing contracts itself, which is the same legal model Robinhood uses.
Moomoo vs Robinhood vs Coinbase (all Kalshi-powered)
| Moomoo | Robinhood | Coinbase | |
|---|---|---|---|
| Exchange | Kalshi | Kalshi | Kalshi |
| Live since | June 2026 | March 2025 (expanded since) | 2025–26 rollout |
| Fee per contract | Not published | 1¢ | Comparable commission |
| Order types | Per app; check limit-order support | Limit orders | Limit orders |
| Markets | Economics, politics, culture, sports (state-dependent) | Same, sports heavy | Same |
| Funds | Brokerage cash | Brokerage cash | USD balance |
Full comparison of the broker wrappers against Kalshi itself: Kalshi vs Robinhood.
Who it suits
Existing Moomoo customers, mostly. The brokerage has a largely international user base (Futu reported 29 million global users), and the event-contract product is for its US accounts. If you're choosing a prediction market from scratch, Kalshi direct gives you the full book, free resting orders and the broadest set of markets; the brokers give you convenience at a small cost per contract.
What we're waiting on
- A published fee schedule.
- Confirmation of which sports contracts are offered and in which states; Moomoo follows Kalshi's geofencing, so Nevada, Michigan and Washington sports boards are out.
- Whether Kalshi's maker-fee changes of July 2026 are passed through.
Sources: DefiRate (May 12, 2026), Finance Magnates (June 4, 2026), NFA records cited there. We'll update when Moomoo publishes fees.