Best Prediction Market 2026: Top Prediction Market Apps Ranked & Reviewed

What are prediction markets?

If you’re not familiar with prediction markets by now, then frankly, where have you been? These innovative new future event trades have skyrocketed in popularity across the US, giving users the opportunity to buy and sell prediction contract positions based on how likely they think a real-world event will happen.

If that sounds a little confusing, don’t worry, because we’ll be covering the how of using prediction markets a little later in this guide. The good news is that many of the USA’s best-known and top-rated prediction market apps are ridiculously easy to use, with pick-up-and-play mechanics ensuring that even the most inexperienced of traders will be able to get to grips with things in just a couple of trades.

But for now, back to the basic definition of these platforms; as the term suggests, prediction markets ask users to predict the outcome of real events, usually in a simple “Yes” or “No” format. If you think an event will happen, you buy a “Yes” contract, and if you think it won’t, you buy a “No” contract – trust us when we say that it really is as simple as that.

It’s worth noting that there are a couple of different variations of prediction market trading contracts beyond the standard binary “Yes/No” system, so we’ll take a look at these (and when you’re likely to encounter them) a little later. But don’t worry, because even they are easy to get your head around, with prediction markets priding themselves on just how easy their platforms are to use.

Are prediction markets legal in the USA?

Generally speaking, prediction markets are legal in the USA, although it’s important to trade only on platforms regulated and approved by the Commodity Futures Trading Commission (CFTC) – the federal body tasked with overseeing event trading tools. The CFTC has issued licenses to several prediction markets in recent years, some of which you can learn more about below.

It’s worth saying that the legal status of US prediction markets remains fluid in some cases, with regional lawmakers in certain states objecting to them. For instance, if you were looking to trade on crypto prediction markets, this might be impossible in some jurisdictions, particularly where state regulators have raised concerns that online event trading is too close to real-money gambling.

So, to summarize: before you access prediction markets in the US, triple-check the T&Cs of the platform you’re hoping to trade at, paying particular attention to its legal status and, crucially, its CFTC licensing credentials. Some markets, products, and even platforms may be unavailable in your state, too, so look for any mention of region-specific restrictions.

Top prediction market platforms reviewed

The popularity of prediction markets is booming in the US, so – state permitting, of course – you should find that there is a choice of prospective platforms available to you. The question is, which ones are the best?

The table above gives you the quick comparison, but each platform has a slightly different angle. Some are full prediction market exchanges, while others are sports-prediction or fantasy-style platforms that may appeal to users looking for similar pick-based formats.

Kalshi – Fully regulated and ready to use in the USA

Kalshi Review

Pros

• Sports, politics, and crypto predictions
• Economics, culture, and climate events
• Optimized Android and iOS apps

Cons

• 2% debit card deposit fee

Kalshi is easily one of the best-known and most accessible prediction market platforms in the USA. Its biggest advantage over rivals is that it is fully regulated, licensed, and backed by the CFTC, meaning it is already up and running in all 50 states.

New users can take advantage of a Trade $25, Get $55 welcome offer, giving you extra trading value from the start. You can find the full details on our Kalshi promo code page.

It is not just licensing that Kalshi has going for it, as the platform is revered for its simple, no-nonsense trading mechanics that are very beginner-friendly. There is also a wide range of topics to explore, from economics and politics to climate and sports.

With fast, intuitive apps and markets covering almost every major event, Kalshi is a natural starting point for anyone new to prediction markets. The combination of full regulation and ease of use makes it our top pick.

🎁 Welcome offer	Trade $25, Get $55
✅ Regulation	Fully CFTC-regulated and licensed
🌎 Availability	All 50 US states
📊 Market topics	Sports, politics, economics, climate, and more
💳 Payment methods	Debit card, bank transfer, Apple Pay, PayPal
📱 Mobile apps	iOS and Android

Polymarket – Expect fast-moving markets and more trading variety

Polymarket Review

Pros

• Polymarket is live in the USA
• Easy pick-up-and-trade mechanics
• Sign-up rewards available
• Beginner-friendly platform
• Downloadable app

Cons

• High regulatory scrutiny
• Not all markets are available

Polymarket was a thorn in the side of the CFTC for some months, but in late 2025 the regulator finally relented and let the platform set up officially in the US. It remains in its roll-out stage, with new members joining a waiting list, but its deployment across the States is happening steadily.

New users can claim a Deposit $10, get a $25 trading bonus offer using promo code PREDBNE. Full details are on our Polymarket promo code page.

That is great news for traders wanting Polymarket's super-niche, peer-driven markets, which cover even more ground than Kalshi's. Sports event trading is a core part of its US offering, covering NBA, NFL, NHL, and MLS fixtures, both live and upcoming.

Since Polymarket is only partially regulated, its markets are more fluid and fast-moving, so you can expect a more volatile and exciting trading experience. The trade-off is that it is not expected to be available in all US states.

🎁 Welcome offer	Deposit $10, get a $25 trading bonus (code PREDBNE)
✅ Regulation	Partially regulated, rolling out in the US
🌎 Availability	Select US states (waiting list)
📊 Market topics	Sports, politics, crypto, culture, and more
💳 Payment methods	Visa, Mastercard, bank transfer, Ethereum, Polygon
📱 Mobile apps	iOS and Android

Crypto.com – A polished platform with crypto and fiat funding options

Crypto.com Review

Pros

• Great range of sports predictions
• Simple fee structure
• Stylish website and mobile apps
• Good trade volume for its predictions

Cons

• The app is geared towards crypto trading
• No welcome bonus

Crypto.com has quietly taken the USA's prediction market industry by storm, now rivalling Kalshi in active trading volume and market growth. Like its counterpart, it has the full backing of the CFTC, so it is already available in most parts of the USA.

New users can earn up to $300 in CRO as a welcome offer, with full details on our Crypto.com promo code page. It also benefits from one of the slickest trading apps in the business.

A core benefit of using Crypto.com is that you can add and withdraw funds using both fiat and digital cryptocurrencies. That flexibility may only appeal to a niche group of traders, but it sets it apart from other CFTC-approved prediction markets.

With great support across different sports, single-game predictions, and futures markets for leagues and season awards, it is a well-rounded choice. The polished app and dual funding options make it one to watch.

🎁 Welcome offer	Earn up to $300 in CRO
✅ Regulation	CFTC-regulated via CDNA
🌎 Availability	Most US states
📊 Market topics	Sports, futures, season awards, and more
💰 Funding options	Fiat and cryptocurrency
💳 Payment methods	Apple Pay, Google Pay, PayPal, ACH, wire transfer
📱 Mobile apps	iOS and Android

Sponsored by Crypto.com. Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects US users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all, and you could lose your entire investment plus fees. Past performance doesn't guarantee future results. This is not a solicitation or recommendation to trade.

Underdog Predict – Pick'em contests and sports prediction-style gameplay

Underdog Review

Underdog is not a traditional prediction market exchange, but it belongs in the conversation for users who like sports prediction-style products. It focuses on Pick'em contests, Best Ball drafts, Battle Royale formats, and player-prop entries.

Its coverage spans sports including NFL, NBA, MLB, NHL, golf, college sports, and esports. The welcome offer gives new users a 50% deposit match up to $1,000 in bonus cash with promo code UDPROMO.

Underdog also runs regular contests, referral offers, and limited-time boosts to keep things fresh for existing users. The app is a major strength, being mobile-first, quick to use, and highly rated on iOS and Android.

If you want sports predictions rather than broader event trading, Underdog is a useful alternative to pure prediction market exchanges. Its clean, contest-based format is especially beginner-friendly.

🎁 Welcome offer	50% deposit match up to $1,000 (code UDPROMO)
🏈 Format	Pick'em, Best Ball, Battle Royale, player props
📊 Sports covered	NFL, NBA, MLB, NHL, golf, college sports, esports
📱 Mobile apps	iOS and Android (highly rated)

Underdog Review

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OG.com – Regulated event trading with profit boosts

OG Review

Pros

• Owned by Crypto.com
• Up to $150 referral bonus
• Well-designed Android and iOS app

Cons

• No culture prediction markets yet

OG.com is a CFTC-regulated prediction market platform operated through Crypto.com Derivatives North America. It covers sports, politics, economics, culture, crypto, and other event categories, making it a strong fit for users who want more than one type of market.

The welcome offer is notable, giving new users a 100% Profit Boost capped at $20 for five consecutive days after account verification, worth up to $100 extra. Each boost is applied through the Trade Drawer before you confirm an eligible trade or parlay.

OG.com also has iOS and Android apps, along with a broad range of payment options. These include ACH, wire transfer, debit card, Apple Pay, Google Pay, Venmo, and instant deposits via Plaid.

It is one to watch if you want a regulated platform with a strong mobile setup and regular market expansion. The daily profit boosts give it an edge for active traders.

🎁 Welcome offer	100% Profit Boost up to $20 daily for 5 days (up to $100)
✅ Regulation	CFTC-regulated via Crypto.com Derivatives North America
📊 Market topics	Sports, politics, economics, culture, crypto
💳 Payment methods	ACH, wire transfer, debit card, Apple Pay, Google Pay, Venmo, Plaid
📱 Mobile apps	iOS and Android

Gemini Predictions – Trusted crypto brand with regulated event trading

PrizePicks – Simple peer-to-peer sports predictions

Fanatics Markets – Mobile-first prediction trading

Fanatics Markets Review

Pros

• CFTC-regulated and federally compliant platform
• Clean and intuitive mobile app with a fan-first design approach
• Shared wallet across the entire Fanatics ecosystem

Cons

• Not yet available in all US states

Fanatics Markets is a mobile-only prediction markets app that lets users trade yes/no contracts on outcomes across sports, politics, finance, and crypto. Its interface is clean and trading-focused, with prices shown as probabilities rather than traditional sportsbook odds.

The current welcome offer gives eligible users $35 in credit after signing up, completing KYC, and placing a $5 trade. Credits are added within 72 hours and can be used on prediction markets.

It is best for users who want a simple mobile experience with low minimum trades and a trading-style interface. The app-first setup makes it easy to understand for newcomers.

Fanatics Markets has fewer non-sports markets than some larger platforms, but it is backed by the strength of the Fanatics brand. It is a solid, straightforward entry point into prediction trading.

🎁 Welcome offer	$35 in credit after KYC and a $5 trade
📊 Market topics	Sports, politics, finance, crypto
📈 Pricing style	Probabilities rather than sportsbook odds
📱 Mobile apps	Mobile-only app

FanDuel Predict – A familiar brand moving into prediction markets

FanDuel Review

Pros

• Fully regulated by the CFTC with CME Group as exchange partner
• Available in all 50 states for economic, political, culture, and climate event contracts
• Clean and intuitive app with flexible price display formats
• Responsible trading tools built into the core interface

Cons

• No welcome bonus or promo code available
• Sports contracts are only available in 18 US states

FanDuel Predict is worth watching because FanDuel already has one of the strongest user bases in US sports, fantasy, racing, and casino products. Its prediction-market angle gives the brand another way to serve users who want event-based trading rather than traditional sportsbook betting.

FanDuel's broader ecosystem is known for strong mobile apps, fast account tools, live betting features, fantasy contests, and a wide range of promotions. For prediction markets, the key appeal is brand familiarity and the chance to use a product from a major US operator.

Because prediction market access, promotions, and eligible markets can change, it is worth checking the current FanDuel Predict terms before signing up or placing a trade. The platform is still developing its prediction market offering.

For existing FanDuel users, having predictions within a familiar ecosystem is a genuine convenience. It is one to keep an eye on as the product expands.

📊 Market topics	Event-based trading (expanding)
🏢 Operator	FanDuel
📱 Mobile apps	iOS and Android
⭐ Key appeal	Brand familiarity and major US operator backing

Best prediction market apps by category

Different platforms excel in different areas, so the best choice depends on what you are looking for. The table below breaks down our top picks by category to help you find the right fit.

Best prediction market apps compared

To help you choose, we have put our three top-rated prediction markets side by side. The table below compares Kalshi, Polymarket, and Crypto.com across the factors that matter most, from welcome bonuses and fees to legal availability and funding options.

Kalshi stands out for its full regulation and broad availability, Polymarket for its fast-moving markets and low fees on select contracts, and Crypto.com for its dual fiat and crypto funding. Whichever you choose, each is a strong, reputable option for getting started with prediction markets.

How do prediction markets work?

We’ve provided a basic summary of what prediction markets are, so now it’s time to pop the hood and find out exactly how they work. If you’re new to these kinds of trading tools, now’s the time to don your thinking caps, grab a pen and paper, and settle it for a quick crash course in the process of using US prediction market platforms.

The core mechanics behind prediction market tools in the US

Prediction markets are based on peer-to-peer trading, with an equal number of traders required to keep things ticking over. Every market, price, and probability on these platforms is affected by user trading activity, so things rarely stand still and can change from one moment to the next.

When you land at your first prediction market, you’ll see a huge spread of questions based on future events across a range of topic classes. It’s your job to predict the outcome of these questions correctly, based on whether you think an event will happen or not.

For instance, in sports prediction markets, it may be a case of answering “Yes” or “No” to a question like “Will the Yankees win against the Red Sox in their next MLB game?” You can then purchase one or more event contracts to make your prediction; remember, “Yes” if you think they will, and “No” if you think they won’t.

How are event contracts valued on prediction markets?

When you’re purchasing “Yes/No” event contracts, each is allocated a price from $0 to $1. The value of these contracts can fluctuate up or down with new trading activity.

One of the most important things to remember about how prediction markets work is that this per-contract price reflects probability. So, if a “Yes” contract was valued at $0.40 per share, this denotes 40% probability that said event will happen; meanwhile, on the “No” side, you’re looking at $0.60 per share, or 60% probability.

Note that contract prices can change up or down right up to the moment that a trade resolves; i.e., in the case of our earlier Yankees vs Red Sox example, at the bottom of the ninth with the final out. That’s why event trading tools let users buy or sell positions right up to the moment of resolution, so you can spot opportunities to buy/sell and (hopefully) turn a larger profit.

How do you win and make money on prediction markets?

Speaking of profit, it’s time to hone in on how traders “win” when using prediction markets. Success in future event trading relies on making correct predictions. Guess the outcome of an event correctly, and the trade will pay out at $1 per contract; get it wrong, and it will resolve at $0.

So, let’s say you’ve purchased a $0.40 position on the Yankees to win over the Red Sox. If they win, you get $1, meaning $0.60 in profit. If they lose, you get nothing, so you’ve lost your initial investment of $0.40.

That’s a basic summary of how profit/loss works at prediction markets. Obviously, most of the time, you’ll be purchasing two or more shares in a single transaction, so you’ll need to scale up the maths slightly. For example, if you were to buy 100 shares on the Yankees to win at $0.40, this would require an initial investment of $40. Based on the above profit/loss formula, you would make a $60 profit if they won, while losing your $40 stake if they lost.

What are the different types of event contracts on prediction markets?

We promised you a summary of the different types of contracts you might encounter on prediction markets, so here we go. Note that the basic “Yes/No” binary model is the most common contract type, but you might come across the others on certain markets and trades.

A step-by-step look at using prediction markets

We appreciate that there’s a lot of information to grapple with here, so it might be useful to take a step-by-step look at how the process of using prediction markets actually plays out. If you’re someone who learns by doing, this is the part of our guide you’ve been waiting for.

1. Choose a legal prediction market: Pick a prediction market that is legal in your state, using our top recommendations below to get started.
2. Create your account: Register and complete verification, which usually means uploading a government-issued ID and a recent document confirming your address.
3. Add trading funds: Deposit using a supported method such as debit card, bank transfer, Apple Pay, Google Pay, or an e-wallet like PayPal.
4. Explore the markets: Browse the available topics, from political prediction markets to climate and more, and find a trade you like.
5. Pick your outcome: Check the per-contract pricing to weigh up the probability, then select the outcome you think is most likely and choose how many shares to buy.
6. Place your trade: Review the total cost plus any trading fees, then confirm to lock in your position.
7. Monitor your position: Keep an eye on market activity, as you can buy or sell your position at any time right up until the event resolves.
8. Collect your winnings: Once the event resolves, review your profit or loss from your account screen, with any winnings credited automatically.

So, there you have it, a step-by-step look at trading on prediction markets. Of course, that’s only a basic summary of the process, and it might look slightly different depending on, say, the contract type. For more tips, guidance, and advice, learn more about prediction markets right here.

What kind of things can you trade on at US prediction markets?

A better question might be “what can’t you trade on at US prediction markets?”, such is the variety of different topics and trading areas that you’ll find on these platforms. As alluded to earlier, prediction markets open the floor to every type of event trade, and since they’re decided on a peer-to-peer basis, there is no real limit to the variety of topics and market types you can trade on.

With that said, let’s take a look at some of the most popular event trading topic classes that you might encounter on US prediction markets:

What are the pros and cons of using a prediction market?

Before we wrap up our bumper guide on US prediction markets, let’s circle back through this resource to identify the core pros and cons to be aware of before you participate in future event trading.

Responsible trading

Prediction markets can be engaging and even profitable, but they also carry real risk, including the potential loss of your entire stake. It is important to treat trading as a form of entertainment rather than a guaranteed way to make money.

Always set a budget before you start and only trade with money you can afford to lose. Avoid chasing losses, take regular breaks, and never let trading interfere with your finances, work, or personal life.

Most regulated platforms offer tools to help you stay in control, such as deposit limits, cooling-off periods, and self-exclusion options. If you ever feel your trading is becoming a problem, these are a good first step.

If you need support, free and confidential help is available. You can reach the National Council on Problem Gambling 24/7 by calling or texting 1-800-GAMBLER, or by visiting ncpgambling.org for live chat and additional resources.

Remember that markets are inherently unpredictable, and no trade is ever a sure thing. Trade responsibly, stay within your limits, and step away if it stops being fun.

Are you ready to try prediction market trading for yourself?

Phew – well done if you made it to the bottom of our prediction market guide, which should have given you a solid foundation to start using these innovative trading tools. While it’s important to always consider the risk of losing money when making event predictions, the backing and regulation of the CFTC does speak volumes about the legitimacy of platforms like Crypto.com, Kalshi, and Polymarket.

Ready to get started? Use the links around this page to learn more about prediction market trading or check out Kalshi, Polymarket, and Crypto.com for yourself.

Check out these top prediction market sites

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