Railbird Exchange review
CFTC-regulated US event contract exchange covering economics, politics and culture.
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Railbird Exchange at a glance
Platform type
Event Exchange
Markets
Politics, Economics, Finance, World Events, Entertainment
Funding
Fiat
Currencies
USD
Founded
2022
Headquarters
New York, USA
KYC
Required at signup
Minimum age
18
Our Railbird Exchange review
Railbird is the newest CFTC-approved venue to go live, and it matters because federal designation is a very high bar. Contract coverage leans toward economic and policy outcomes rather than sports. It is early, so volume is well behind Kalshi, but the regulatory footing is the same.
What you can predict
How it works
You buy yes or no contracts priced between one cent and a dollar. Each contract settles at one dollar if the outcome happens and zero if it does not, with the price reflecting the market's implied probability.
Liquidity and market depth
Early-stage. Headline economic and political contracts trade reasonably; long-tail markets are thin.
Fees
Trading fees
Maker and taker fees per contract
Deposit fees
Free ACH
Withdrawal fees
Free ACH
Settlement fees
Not confirmed
Network fees
Not confirmed
Other
Not confirmed
Deposits and withdrawals
Methods
ACH, Wire, Debit card
Minimum deposit
$1
Minimum withdrawal
Not confirmed
Deposit time
Not confirmed
Withdrawal time
Not confirmed
Withdrawal fees
Not confirmed
Mobile experience
iOS app
No
Android app
No
Mobile web
Yes
Mobile web only at the time of review.
Where is Railbird Exchange available?
Status is reviewed manually per country. Unknown means we have not confirmed it yet.
| 🇦🇷 Argentina | Not available |
| 🇦🇺 Australia | Not available |
| 🇧🇷 Brazil | Not available |
| 🇨🇦 Canada | Not available |
| 🇨🇱 Chile | Not available |
| 🇨🇴 Colombia | Not available |
| 🇪🇬 Egypt | Not available |
| 🇫🇷 France | Not available |
| 🇩🇪 Germany | Not available |
| 🇬🇭 Ghana | Not available |
| 🇮🇳 India | Not available |
| 🇮🇩 Indonesia | Not available |
| 🇮🇪 Ireland | Not available |
| 🇮🇹 Italy | Not available |
| 🇯🇵 Japan | Not available |
| 🇰🇪 Kenya | Not available |
| 🇲🇽 Mexico | Not available |
| 🇳🇱 Netherlands | Not available |
| 🇳🇿 New Zealand | Not available |
| 🇳🇬 Nigeria | Not available |
| 🇳🇴 Norway | Not available |
| 🇵🇰 Pakistan | Not available |
| 🇵🇪 Peru | Not available |
| 🇵🇭 Philippines | Not available |
| 🇵🇱 Poland | Not available |
| 🇵🇹 Portugal | Not available |
| 🇸🇬 Singapore | Not available |
| 🇿🇦 South Africa | Not available |
| 🇰🇷 South Korea | Not available |
| 🇪🇸 Spain | Not available |
| 🇸🇪 Sweden | Not available |
| 🇨🇭 Switzerland | Not available |
| 🇹🇿 Tanzania | Not available |
| 🇹🇭 Thailand | Not available |
| 🇹🇷 Turkey | Not available |
| 🇺🇬 Uganda | Not available |
| 🇦🇪 United Arab Emirates | Not available |
| 🇬🇧 United Kingdom | Not available |
| 🇺🇸 United States | Available |
| 🇻🇳 Vietnam | Not available |
Regulation and company
Operator
Railbird Technologies Inc.
Parent company
Not confirmed
Regulator
CFTC
Licence
Designated Contract Market
Approved by the Commodity Futures Trading Commission as a designated contract market for event contracts.
Settlement and dispute resolution
Cash settlement at one dollar or zero against published sources, usually within a day of resolution.
Customer support
Hours
US business hours
Email support with published resolution rules for each contract.
Pros
- ✓Federally regulated US venue
- ✓Funds held in segregated accounts
- ✓Clear published resolution rules
Cons
- ✕Low volume compared with Kalshi
- ✕US residents only
- ✕No native mobile apps yet
Similar sites available in your country
We have not confirmed alternatives for this country yet.
Railbird Exchange FAQs
Is Railbird regulated?
Yes, as a CFTC designated contract market.
Can non-US residents use Railbird?
No. It serves US residents only.