A camshaft has a decompression device for an internal combustion engine, wherein a valve lifter is rotatably supported in a base circle of a cam, which can be brought into operative connection with a gas exchange valve via rotation. The valve lifter is operatively connected to a centrifugal fly weight, which is arranged coaxially to the camshaft and which is rotatably supported, in such a way that the valve lifter forms a contour of the base circle in the region of action with the gas exchange valve from a certain rotational speed of the camshaft. The camshaft has a cavity in the region of the centrifugal fly weight, to which cavity lubricant pressure can be applied. A radial first bore from the cavity to the centrifugal fly weight is arranged in the camshaft. A slideable element that can be displaced by the lubricant pressure is arranged in the first bore. By way of the design of the camshaft, an unstable centrifugal fly weight is stabilized and thus acoustics are improved.