Why Robinhood is popular – The most relatable predictions site
If you were already using Robinhood to invest in stocks, it’s easy to pivot to the predictions side of things. Since you’re already accustomed to Robinhood, you don’t need to learn an entirely new platform. You can rest in the comfort of familiar account navigation and account management. This makes it easy to transition from investing to prediction contracts. Even if it’s your first rodeo on the app, it boasts an intuitive interface designed with beginners in mind. We love the clean mobile-first layout and simple contract presentation. Placing an order is straightforward, and the app generally presents a lower learning curve than some specialist prediction exchanges.
Why Robinhood users start looking elsewhere
Being primarily an investment app, we noticed that Robinhood has a limited selection of prediction markets. The market catalog is smaller than we’ve seen at other apps, and it mostly zeroes in on trending major contracts. Users may, therefore, seek out apps like Robinhood that are dedicated to prediction markets. Such apps don’t split their attention with investment tools and can focus their resources on covering more markets.
We noticed that these apps offer more categories for politics, crypto, economics, and sports. Also, dedicated prediction apps naturally attract more active traders, which is great for price competitiveness. Markets are less susceptible to manipulation, and trades are executed much more quickly in such scenarios.
Our favorite Robinhood alternatives reviewed
If you’re looking to improve your trading experience at apps like Robinhood, the following platforms are a great place to start.
Kalshi – Extensive market selection
- Sports, politics, and crypto predictions
- Economics, culture, and climate events
- Optimized Android and iOS apps
- 2% debit card deposit fee
Robinhood actually partners with Kalshi to offer its prediction services, so these are quite similar prediction market apps. While they have comparable markets, Robinhood’s selection is more surface-level. Kalshi boasts an extensive variety of specialized events under around 11 markets, from politics to commodities. It’s easy to find a market using the categorized menus and search filters.
The mobile app is highly rated on both the App Store and Google Play Store, mostly for the modern UI, fast loading speeds, and biometric logins. As a dedicated prediction site, the app has significantly higher liquidity than Robinhood. We found that you can execute massive trades without causing significant market shifts.
Kalshi supports a wider range of funding methods than Robinhood. We could deposit using bank and wire transfers or debit cards. However, debit card deposits attract a 2% processing fee while Robinhood deposits are free. And where Robinhood only has a bonus for stock trading, you get a Trade $10, Get $10 welcome bonus for predictions on Kalshi. Ultimately, Kalshi will suit players looking for broader market coverage and more specialized event contracts.
Polymarket – Best for crypto traders
- Polymarket is live in the USA
- Easy pick-up-and-trade mechanics
- Sign-up rewards may be available
- Beginner-friendly platform
- Dynamic trading topics
- Long wait list to join
- High regulatory scrutiny
- Not all markets are available yet
Polymarket is a great alternative to Robinhood if you’re blockchain savvy. The crypto-first app lets users trade on event outcomes after depositing using popular cryptocurrencies like Bitcoin. Polymarket is miles ahead of Robinhood in terms of global event coverage. It’s perfect if you want to move beyond US politics and predict outcomes for worldwide elections.
The Polymarket app is heavy on current events and is always adapting to the latest trends. This is clear after we noticed a dedicated category for Iran prediction it introduced early this year. Users can enjoy trading flexibility via the app and enter and exit positions before the event ends with very little slippage. That’s because it’s a popular site with lots of active trading.
You get a $50 sign-up bonus when you deposit at least $20 and complete your first qualifying trade. Couple that with the flawless user experience, and it’s easy to see why some traders are seeking alternatives to Robinhood.
Crypto.com – Fast trade executions
- Great range of sports predictions
- Simple fee structure
- Stylish website and mobile apps
- Good trade volume for its predictions
- The app is geared towards crypto trading
- No welcome bonus
Users looking to trade specifically in crypto will like Crypto.com, as it currently supports over 400 cryptocurrencies. The app integrates seamlessly with popular digital wallets, making it easy for you to fund your accounts. Crypto.com covers other markets like economics, sports, and politics, beyond predicting crypto milestones. We also appreciate the mobile-first approach that allows traders to purchase contracts from any setting.
The sign-up bonus here is $50, and you get it after depositing at least $50 and completing $100 in trading volume. The Crypto.com app will appeal to users who prefer short-duration contracts, where contracts expire within a few minutes to a few hours. For example, you can predict the price of Bitcoin within a 20-minute window. Crypto trades are executed quickly, and successful contracts are settled within 30 minutes, give or take.
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 U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn't guarantee future results. This is not a solicitation or recommendation to trade.
What separates a good Robinhood alternative from the rest?
Not all apps like Robinhood are worth a second look. Here’s how you distinguish between stellar apps and their run-of-the-mill counterparts.
Market depth matters
Prediction trading is a numbers game, and plenty of active contracts are always ideal. High trading activity drives liquidity and accurately gauges the wisdom of the crowd, so prices are adjusted in real time. You can trust the displayed probabilities, as they are free of manipulation. The best sites display new markets frequently and a diverse range of events to suit various traders’ interests.
Mobile trading should feel effortless
The minute we struggle to register with a prediction app, identify markets, or place trades, we’re jumping ship. The best apps like Robinhood offer effortless navigation and readable, responsive filters. Sections load quickly, and trades are executed fast. You also get quick notifications that help you make informed decisions on the fly.
Liquidity is just as important as market variety
The ease of placing trades matters just as much as the markets covered, even at apps like Underdog Predict. The best apps make it easy to enter or exit positions without causing extreme price changes. That way, traders can lock in profits, minimize losses, enjoy better pricing, and reduce slippage present in calm markets. Users aren’t locked into a trade until it resolves.
What you gain and lose when leaving Robinhood
By walking away from Robinhood, you’ll likely find new experiences, but you must be prepared to give up a few things. We’ve summarized both sides of the coin below.
More markets and contract variety
By joining alternative apps, you’ll definitely have access to additional categories, particularly in niche markets. Robinhood mainly covers highly traded events, but apps like Kalshi also offer ultra-short crypto markets, such as the BTC and ETH 15-minute contracts.
A steeper learning curve
Robinhood keeps things pretty light compared to dedicated prediction platforms. But even though some apps like Robinhood offer more market variety, that also means more complexity in rules, pricing, and settlement procedures. For instance, apps like PrizePicks introduce More/Less outcome structures and prediction market jargon you may not be familiar with.
Different funding and trading systems
Robinhood supports traditional payment options like bank transfers and debit cards, while other apps like Polymarket accept crypto funding. Also, you must deal with different onboarding and verification procedures. Some apps offer instant verification while others take a few days.
| Platform | What You Gain | What You Give Up |
| Kalshi | Larger selection of prediction markets, dedicated forecasting tools, politics, economics, weather, and crypto contracts | Stocks, ETFs, and the all-in-one investing experience |
| Polymarket | Massive event catalog, crypto-native trading, highly active political and current-events markets | Traditional investing products and simple bank-based funding |
| Crypto.com | Short-term crypto predictions, seamless integration with a crypto ecosystem, active mobile trading | Straightforward UI |
| Crypto.com | Short-term crypto predictions, seamless integration with a crypto ecosystem, active mobile trading | Straightforward UI |
| Stick to Robinhood | Stocks, ETFs, options, and event contracts in one account. Beginner-friendly interface | Fewer prediction markets and fewer niche contracts |
Apps like Robinhood pros & cons
Joining apps like Robinhood has its perks, but you must also contend with a few drawbacks. Have a look at how the advantages stack up to the disadvantages, so you can make an informed move.
- May enjoy a trading welcome bonus
- Easy onboarding
- Wider range of niche markets
- Faster trade executions
- Short-term market availability varies
Find your next best Robinhood app
Robinhood is great for beginners looking for a more casual trading experience. Since Robinhood is your baseline, you must ask yourself if you want broader markets, specialist events, or crypto funding. Once you’ve decided, pick sites like Robinhood that provide what you want and seamlessly too via app.
Remember, no single app fits everyone, so it all boils down to picking the platforms that match your trading style in terms of market coverage, usability, and more. Whatever you choose, you can still maintain your Robinhood account with investment tools and more under one virtual roof. Click the banners on this page to sign up with the best apps available in your region.
Prediction market sites you can rely on
Apps like Robinhood FAQS
What are the best apps like Robinhood?
Kalshi and Polymarket are some of the best alternatives to Robinhood, offering a broader selection of prediction markets and niche event contracts.
Which prediction app has the most markets?
Kalshi has an impressive market variety that covers major and specialized event contracts. It’s a popular app with lots of active users, so you get less slippage.
Can I use multiple prediction market apps?
You don’t necessarily have to close your Robinhood account to explore alternative apps. Simply compare features and add an app with markets you’re interested in but are not found at Robinhood.
Which Robinhood alternative is best for beginners?
We’ll say Kalshi is good for beginners thanks to its user-friendly interface and simple Yes/No outcomes. It’s easy to get started, identify contracts, and place trades.
