
At this point, there are a lot of prediction markets to choose from. This means you have plenty of options to consider, and our guide will help you find out which ones are the best to consider.
After days of research, we settled on the top four prediction markets: Kalshi, Polymarket, Crypto.com, and Robinhood. The platforms are all legal in the US. They let you trade event contracts on sports, politics, culture, and more, and you can use them via the web or a mobile app. Keep reading to find out more.


First of all, what are prediction markets? Well, they’re just like any other online financial markets where you buy and sell instruments. In this case, the instruments are event contracts.
An event contract represents a potential real-world outcome, and you trade it in a Yes/No format. So, if you believe the event will happen, you pick Yes; otherwise, select No. During our reviews, we saw that the contracts cost between $0.01 and $0.99.
Importantly, everything happens in a peer-to-peer setup, and the prediction markets don’t influence the prices. For instance, if you see a Yes contract worth $0.55, it means 55% of traders believe the event will take place. If more traders buy, the price increases, while that of the No contract decreases, and vice versa. Things can fluctuate this way until the event finally settles.
If your prediction is correct, the contract pays $1. So, if you buy at $0.55 and receive $1, it means your profit is $0.45. On the flip side, incorrect predictions return $0, meaning the contracts no longer have value.
We can confirm that prediction market hubs are legal in the US. All of our recommended sites operate under regulatory oversight by the Commodity Futures Trading Commission (CFTC). Therefore, they have the legal green light at the federal level.
Prediction market platforms can also operate across many US states. Some people mistake them for sportsbooks, but that’s incorrect. They’re not betting sites because buying and selling event contracts is different from wagering on fixed odds. As such, prediction market brands don’t need state licensing to operate.
Nonetheless, some local restrictions may still apply, as seen from our reviews. Depending on the platform and your state, you may not be able to access the markets in general or specific categories like sports. Always confirm before you sign up.
Now, it’s time to uncover our best prediction market platforms for trading event contracts in the United States. Check out the top four below to know why we rate them highly:
| ✅ Prediction Markets | 💰 Welcome Bonus | 📱 App Availability | ⚡Payout Speed |
|---|---|---|---|
| Kalshi | $10 bonus | iOS & Android | 3 – 4 business days |
| Crypto.com | $50 bonus | iOS & Android | Within one hour |
| Robinhood | Up to $200 in reward stock | iOS & Android | Within 24 hours |
| Polymarket | Coming soon | iOS & Android | Within 24 hours |
| Underdog Predict | N/A | iOS & Android | N/A |
| PrizePicks | Play $5, Get $50 | iOS & Android | N/A |
| FanDuel Predicts | N/A | iOS & Android | Within 24 hours |
| Fanatics Markets | N/A | iOS & Android | Within 24 hours |
| Coinbase | N/A | iOS & Android | N/A |
| DraftKings Predict | N/A | iOS & Android | Within 24 hours |
| Novig | ⏳ Awaiting CFTC Approval | iOS & Android | N/A |
| Railbird | N/A | Website only | N/A |
| PredictIt | N/A | Website only | N/A |
| Sporttrade | ⏳ Awaiting CFTC Approval | iOS & Android | N/A |
| ProphetX | ⏳ Awaiting CFTC Approval | Website only | N/A |
We place Kalshi first, and the platform tops when it comes to crypto prediction markets. On the site or app, you can trade outcomes relating to popular digital currencies such as Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Also, there are pre-market options.
During our Kalshi review, we were mainly predicting the price of the various cryptocurrencies. For instance, you’ll see events such as How high will Bitcoin get this year? And Will Solana hit a new all-time high this year? The platform also comes with options for predicting daily prices at specific hours, like 9 AM EST.
If you check the pre-market section, the events are just as interesting. We traded contracts to predict which individuals or companies will launch tokens or conduct an airdrop, and when it’ll happen.
| Feature | Details |
|---|---|
| 💰 Welcome Bonus | $10 bonus |
| 📱 App Availability | iOS & Android |
| ⚡ Payout Speed | 3 – 4 days |
| 🚫 Restricted States | AR, AZ, CT, IL, LA, MA, MD, MI, MT, NJ, NV, OH |
| ⭐ Key Features | Wide range of prediction markets (sports, politics, pop culture, climate, tech); Predictive Insights feature with forecasted price history |
Sports is a major focus for many US prediction market traders, and Polymarket is our top pick in the category. We confirmed during our Polymarket review that the website features event contracts from around 13 sports. In comparison, most alternatives we saw have 10 or fewer.
Polymarket lists the NFL, NBA, MLB, golf, esports, and more. While using the app, we were able to trade both pre-game and live, while the sports events were ongoing. Interestingly, Polymarket lets you switch the contract price view to conventional odd formats like Moneyline or Decimal. The feature is just for convenience, and it doesn’t imply sports betting.
We can also commend Polymarket for its range of markets. The site lets you trade outcomes on the game winner, totals, spreads, props, and futures.
| Feature | Details |
|---|---|
| 💰 Welcome Bonus | Coming soon |
| 📱 App Availability | iOS & Android |
| ⚡ Payout Speed | Within 24 hours |
| 🚫 Restricted States | Not yet launched in U.S. |
| ⭐ Key Features | World’s largest prediction market; No trading fees; Customizable dashboard for market tracking; All transactions via USDC for secure banking |
Are you interested in predicting elections? If so, consider Crypto.com. Other top prediction market apps in this list also support politics, but the setup on Crypto.com is more straightforward for elections, which makes it one of the best political trading sites.
On the platform, you’ll mainly find US-related polls. These include events for presidential, senatorial, gubernatorial, and even mayoral races. To illustrate, we saw contracts for the 2028 presidential election winner, nominees, and the dominant group in the Senate and House of Representatives.
Clearly, most of these events will take multiple years to settle. To make things easy, Crypto.com highlights the number of days before the polls take place in real-time. At the time of our Crypto.com review, the 2028 presidential election was 1064 days away.
| Feature | Details |
|---|---|
| 💰 Welcome Bonus | $50 bonus |
| 📱 App Availability | iOS & Android |
| ⚡ Payout Speed | Within one hour |
| 🚫 Restricted States | AR, AZ, CT, IL, LA, MA, MD, MI, NV, NY, OH |
| ⭐ Key Features | Supports 350+ cryptocurrencies including Bitcoin, DogeCoin, Ethereum; Live trading for 5 sports (football, basketball, baseball, soccer, hockey); Advanced security with encryption, 2FA, and cold storage |
Robinhood offers an extensive range of event contracts on economics and business. We spotted outcomes about gas prices, rent, the Fed, energy, macros, and indicators on the site. If you’re interested in international economics, Robinhood also covers several foreign countries.
In our Robinhood review, we checked the rent and gas prices categories. To sum this up, they let you predict if the costs will increase or decrease, especially in popular cities such as New York, Texas, Florida, and California. You’ll get something similar with indicators on unemployment, jobs, and inflation predictions.
An interesting feature on Robinhood for economics is Combos, which lets you predict multiple events in one. You don’t select the events, though, and you can only trade the ones you see in the section.
| Feature | Details |
|---|---|
| 💰 Welcome Bonus | Up to $200 in reward stock |
| 📱 App Availability | iOS & Android |
| ⚡ Payout Speed | Within 24 hours |
| 🚫 Restricted States | AR, AZ, IL, LA, MA, MD, MI, NV, OH |
| ⭐ Key Features | Commission-free trading; Low minimum of only $0.01 fee per trade; Established investment platform with over a decade of experience |
If you are looking to expand your horizons when it comes to trading Event Contracts, I have put together this section to update “DAILY” trades that will for sure benefit your play.
Up next, you will find a list of the hottest trades on prediction markets. I recommend you check daily so you don’t miss out on potential trades!
The Song of the Year award at the Grammy Awards recognizes the best-written song of the year, chosen by members of the Recording Academy.
On Kalshi, traders have wagered over $1.6 million on this market, showing strong interest in the outcome. Based on current prices, “Golden” from KPop Demon Hunters is a clear favorite with about a 66% chance of winning, while “Luther” and “DTMF” are seen as less likely.
As of now, you can trade at Kalshi on predictions about the market that asks whether the United States will officially confirm the existence of aliens before 2027.
Right now, most traders believe that such a confirmation is unlikely. The “No” option has about an 78% chance based on current trading activity, while “Yes” sits around 23%. In my personal opinion, this suggests that far fewer participants expect an announcement.
The latest US news centers on the Government and how it will affect not only the US but the world in general. A hot topic is the current situation in Iran.
Many prediction market platforms are now offering questions asking whether the Iranian regime will fall before 2027, allowing traders to buy contracts on either “Yes” or “No.”
Based on current activity, most participants (including myself) believe a regime change within that timeframe is unlikely.
Many countries are opposed to what is currently happening and don’t want to take part in it; the best example is the current state of NATO, and how Spanish Prime Minister Pedro Sanchez said “No to war,” and now other NATO countries are following suit.
Bruno Mars has been working in the shadows for a long time, and now, after a 10-year hiatus, he has returned with “The Romantic”, a full-length album released on February 27, 2026.
Its lead single, “I Just Might,” has reached number one on the Billboard Hot 100, generating strong buzz for the album. HE is currently ranking TOP6 on Spotify’s “Today’s Top Hits” against Harry Styles, Bad Bunny, and Taylor Swift.
Honestly, it’s a tough one; he’s facing Bad Bunny’s prime, the Shwifty army, and the gent, Harry Styles. That being said, Bruno Mars is just as beloved, and we have all been waiting to get some truly exceptional bangers from him.
Because of that momentum, prediction market users can place a Yes or No forecast on whether The Romantic will debut at number one on the Billboard 200 for the chart dated March 14, 2026.
On prediction platforms such as Kalshi and Polymarket, traders can speculate on this outcome by buying contracts based on their expectations.
The Met Gala 2026 is scheduled for May 4, 2026, and several prediction market platforms have launched markets where you can speculate on which celebrities will attend.
On sites such as Kalshi, you can already buy contracts tied to specific public figures and their chances of attending the famous red-carpet night at the Metropolitan Museum of Art in New York City.
Based on recent trading activity, personalities like A$AP Rocky, Sabrina Carpenter, and Kendall Jenner are currently among the names with the strongest chances of showing up.
I’ve been expecting new music from Travis Scott this year, but the exact timing of his next album release remains uncertain.
To reflect that uncertainty, prediction market platforms such as Kalshi and Polymarket have introduced markets where you can trade “Yes” or “No” contracts based on whether the album will arrive within a specific timeframe.
As a fan of Travis Scott, he usually releases full-length albums with a three-to-five-year gap between releases, and recent hints shared on Instagram and expectations surrounding his label, Cactus Jack Records, inform their predictions.
I have been seeing that he is collaborating with other artists, releasing singles like “Rosary” with Don Toliver or “Pipe Down” with Young Thug.
Initially, we explained that prediction markets involve buying and selling Yes/No event contracts. However, before you start trading, there are more details to know, including registration, liquidity, trading currencies, and commissions. Let’s discuss these for better insights into how the markets work:
Of course, you can only trade on a prediction market site or app if you have an account. Therefore, the first thing to do is to register. In our experience, this process requires entering your name, address, and phone number.
Some platforms will also ask for your SSN and attempt to automatically verify you after registration. Otherwise, you’ll have to submit verification documents such as a government-issued ID for proof of identity and a recent utility bill for proof of address.
On some sites we reviewed, signing up only gets you an individual investing account. You can buy stocks and other assets, but you can’t trade event contracts immediately. To access the prediction markets, you have to apply for a derivatives account separately.
Usually, you can only trade event contracts on prediction market apps with USD. Based on our expertise, this is due to CFTC regulation. As such, the platforms conduct trades with local currency for easy tracking and reporting.
At Kalshi, Crypto.com, and Robinhood from our top list, you need a USD account to trade event contracts. Crypto.com supports over 400 digital currencies, and you can use them to deposit via the Crypto Funding method. However, the platform will convert the coins into USD before letting you buy or sell contracts. This applies even to the crypto prediction market events.
Polymarket is a slight exception. The prediction market platform is built on Polygon, a blockchain, so it supports crypto and not fiat. However, trading is only possible using USD Coin (USDC) and not other digital currencies. This setup is allowed by the CFTC since USDC is a stablecoin with its value pegged to the US dollar.
Remember that prediction markets are peer-to-peer. Therefore, if you want to buy event contracts, there must be a trader on the other end willing to sell for the order to go through. Liquidity refers to how easily you can trade without causing significant price changes.
If a prediction market has high liquidity, it means there are many open orders to match. When we trade in such markets, the contracts execute without huge changes in price. On the flip side, low-liquidity markets have wide gaps between buy and sell rates. Therefore, one single trade can significantly shoot up or drop the price.
It’s essential to understand liquidity before trading because it also tells whether the event probability is accurate. The more traders in the market, the better its accuracy. For instance, it’s easier to trust outcomes backed by 1,000 active traders than if it’s just 10 people.
In our opinion, liquidity further confirms that prediction betting is not a thing. There are no fixed odds, and everything is based on market conditions.
While making this guide, we saw questions about how prediction markets make money. If you’re asking the same, it’s from commissions. The platforms match and execute buy/sell orders and take a minimal cut on each trade.
Everything is transparent, and you’ll see the commission built into the event price. Plus, it’s usually $0.01 or $0.02, which isn’t a lot. Consider this political event we saw on one of our top sites for Will the Supreme Court rule in favor of Trump’s tariffs:
Add up the two, and you’ll get $1.01 instead of $1 (the fixed payout for a correct prediction). In this case, $0.01 is the commission. It’s not the same as betting since the site didn’t feature any odds.
Spreads work similarly to commissions on prediction markets. However, the difference is that they apply when you buy and then sell event contracts. When selling, the price will usually be a bit lower than the current buy price.
Let’s illustrate using an economic event for a Fed decision during one of our reviews. We bought Yes event contracts at $0.32 each and tried selling immediately. The selling price was $0.30, meaning a $0.02 spread.
As you can see, we were only trading and not betting on the economy. If you sell when the price appreciates, you’ll still pay a spread based on the real-time event contract price.
So, how did we settle on the top four prediction market platforms on our list? Well, it wasn’t a random selection process. Instead, we reviewed and rated each one based on the following factors:
At the start, we check for what verticals the prediction markets cover. The more, the better, as it’ll allow you to diversify your options and trade contracts on various events. These are the top six categories we prioritize in our reviews:
| Category | Market examples |
| Sports | Football, basketball, hockey, baseball, tennis, soccer, golf, boxing |
| Politics | Elections, legislative decisions, international relations |
| Culture | Celebrity actions, award shows, movie and TV show outcomes, music performances |
| Crypto | Price movements, pre-market activities |
| Economy | Inflation rates, interest rates, gas prices, rental costs, GDP, unemployment |
| Climate | Weather forecast, severe weather conditions |
The best prediction markets will also offer other niches such as tech, financials, and health.
Desktop platforms remain useful, but you’ll agree that mobile is the most used medium for online trading. Therefore, we only recommend brands with prediction market apps. The applications must be available for iOS and Android, and in official download stores.
However, it doesn’t end at just having an app. We pick the best platforms by analyzing their mobile interfaces, ensuring they’re easy to browse. More importantly, the application must be fast so you can buy or sell within seconds.
Furthermore, we study the push notifications to see how well the platforms update traders. If turned on, you should regularly receive real-time price and market alerts to always stay informed.
We’ve explained that trading only works with USD (or USDC for crypto platforms). However, that doesn’t mean you’ll get a single payment method. On the contrary, an ideal prediction market apps will allow you to fund your account with multiple deposit options like credit/debit cards, e-wallets, cryptocurrencies, and bank transfers.
While reviewing, we look at the deposit speed. Ideally, the transactions should complete within a few seconds or hours. That said, we know it may take a few days for the funds to reach your account using traditional methods such as bank cards and transfers.
Another fact is that we don’t recommend prediction market platforms that collect deposit fees. If any charge applies, it should only be on the part of the payment method.
To make better predictions, you’ll have to research and study what’s happening in the news for most niches. The best sites make the experience more seamless by offering resources that’ll assist in making better decisions. We check these resources to know just how helpful they are.
For instance, on Kalshi, we saw an Ideas section that serves as a community. Traders post news and their predictions on different events, and you can like, comment, share, or bookmark. It’s just like a native social media platform.
Meanwhile, while reviewing Polymarket, we found a Breaking News hub. As you’d expect, it curates real-time news relating to different prediction market events. Once you click on any news, it’ll redirect you to the event to trade contracts.
A site or app can feature prediction markets and events that really catch your interest. However, if it’s not safe, it’s not worth using. For this reason, we spend time testing the security features on each platform we review.
The basic feature is SSL technology to further protect your information with the use of data encryption. Beyond that, we look for two-factor authentication (2FA), which adds an extra verification step during login. This is usually via a code sent to your phone or email, or a dedicated authenticator app.
We also check the prediction market apps for biometric login support. The option lets you access your account on mobile using your fingerprint (Touch ID) or facial recognition (Face ID). It’s much more secure and convenient than entering your password each time.
In this area, a 24/7 customer service team is non-negotiable. We only rate prediction markets that provide quick help round-the-clock via live chat. That way, you can resolve potential problems within minutes.
An email channel or ticketing system is also important. You’ll need them for more complex issues, especially those involving verification or payouts. They let you easily upload supporting documents and attachments, and track the responses until the matter is settled.
Finally, a comprehensive help center or FAQ adds high marks in our reviews. Such resources provide guides to common queries, and they make starting simple for new traders.
We pay attention to withdrawal speed because you won’t enjoy waiting several days to receive payouts. The ideal turnaround time will depend on the method, but we expect less than five business days for bank-related payments. Cryptocurrency payouts will typically take less than 24 hours.
Before wrapping up, here are the upsides and downsides we noted while reviewing prediction markets:
The concept behind prediction markets is relatively straightforward. All you have to do is buy contracts that align with your prediction for an event for $0.01 to $0.99 each. If things turn out in your favor, you receive $1 per contract. As we explained in this guide, everything depends on the market. Supply and demand move the event contract prices, and the prediction markets don’t set the costs. They only take a minimal commission on each contract.
Considering how they operate, prediction market platforms are not like regular online sportsbooks. With CFTC backing, they can operate and offer tradable event contracts across the United States. What this means is that joining the sites is legal and safe.
If you’re ready to get started, pick your preferred prediction market brand from our top four: Kalshi, Polymarket, Crypto.com, and Robinhood. Then, click the links on this page to visit the site and create an account.
Prediction market payouts are $1 per any event contract with a positive outcome. Your profit is the initial contract price minus the $1. However, if the predicted outcome doesn’t come to pass, the payout is $0.
The most popular prediction markets are sports, politics, culture, economics, and crypto. You can access them at the best prediction markets featured on the banners of this page.
Yes, prediction markets are legal because the CFTC regulates them. Also, the platforms don’t set the event contract price, as everything depends on market demand and supply conditions. That said, ensure you only join a legit prediction market like those on the banners of this page.
The best prediction market app will depend on your preferences and what events you want to trade. Our top four to choose from are Kalshi, Polymarket, Crypto.com, and Robinhood.
Prediction markets are not the same as traditional gambling because you’re not staking on fixed odds. Instead, you’re speculating on outcomes by trading event contracts whose prices totally depend on the market.
21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.