Best Prediction Market Apps: Top Platforms to Use Right Now

What Are Prediction Markets?

Prediction markets have become the flavor of the day for those seeking a platform to make accurate predictions on events through monetizing public perception for fiscal gain.

Prediction markets long existed in the shadows of the Internet, often funded with cryptocurrency and considered outliers for interpreting current events and market conditions. Over the last few years, prediction markets have become mainstream, both for their usefulness in assessing the risks involved in evaluating markets and for the opportunity to trade without the hassle of state laws and state regulators.

Prediction markets operate in a similar fashion to the top sportsbooks, but with key differences. Prediction markets are peer-to-peer, so all contract-based price fluctuations are driven by user sentiment, not a sportsbook that is only interested in making money off of the wagers.

At prediction markets, users can buy contracts on the outcomes of future events, often framed as yes/no questions, e.g., "Will the Republican Party still control the House of Representatives after the 2026 midterm elections?" The prices of either answer reflect user sentiment around the question. Buy low and sell high for a big win!

Originally seen as supplementary information sources for traders in financial markets, prediction market sites are having a moment in the cultural zeitgeist, as ads for Kalshi and Crypto.com become more mainstream and are now seen as places where users can trade on the outcomes of sporting events, even if sports betting isn't legal in their state.

Fanatics Markets is the most recent prediction market operator to launch — it went live in early December 2025. Learn more about the Fanatics Markets Promo Code here!

Prediction Markets Regulation

Some prediction markets, like Kalshi, are federally regulated by the CFTC, while others operate offshore and use crypto. This mix of regulated and offshore platforms is why prediction markets can exist even where sports betting isn’t legal.

Top Prediction Market Apps

As the prediction market industry has become more mainstream, savvy consumers should be aware of the differences between platforms to decide the best prediction market sites for their investing.

🥇​Kalshi: The Best Prediction Market App Available

🚨 Kalshi Referral Code	ACTION
🤑 Kalshi Referral Bonus	Trade on Sports & Politics – Get a $10 Bonus with Our Code!
⚖️ Terms & Conditions	Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, and OH.
🌎​ US States	AL, AK, AR, CA, CO, CT, DE, FL, GA, HI, ID, IN, IA, KS, KY, LA, ME, MN, MS, MO, NE, NH, NM, NY, NC, NV, ND, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC

Kalshi has become the industry standard for prediction market platforms. It's a designated contract market where users can trade on all forms of real-world events, from election markets and Rotten Tomatoes prediction markets to Taylor Swift prediction markets, and on event outcomes in sports, politics, economics, climate, tech, and more.

Started by two Goldman Sachs traders on Wall Street who recognized a need to quantify consumer sentiment for evaluating financial trades, Kalshi has evolved into an "everything" market where users can buy event contracts on outcomes for nearly anything.

Kalshi's app delivers a great user experience that makes it easy for experienced traders to find what they need in information markets, while also offering enough features to make it an easy experience for newer traders. Users can also take advantage of other secondary benefits, like earning interest on funds held in prediction market contracts, and a Kalshi referral code that can continue to generate funds for you as you get new users to sign up.

​🥈Polymarket

Polymarket has quickly become a go-to option for users who want fast-moving, crypto-based prediction trading. The platform covers a huge range of markets (politics, economics, culture, sports, and more) with prices that shift in real time based on crowd sentiment.

Its interface is sleek and easy to navigate, and new markets appear constantly, giving users plenty of opportunities to buy low, sell high, and react to breaking news.

Polymarket Legal Status in the US

Polymarket has also been strong in the prediction market space, but with a controversial reputation. Founded in 2020, they offered many of the same markets and options as Kalshi and other prediction markets. Their legal battles with the Commodity Futures Trading Commission (CFTC) have made them a bit of a bad boy on the block.

Previous regulatory efforts before the Trump administration were hostile towards real-money prediction markets. They were repeatedly denied CFTC approval and had multiple cease-and-desist orders issued against them to prevent Polymarket from operating.

As of the publishing of this article, Polymarket accounts are not available to American users, but there are hopes that Polymarket will be able to return to the American market in the near future and offer users the opportunity to trade event contracts on real-world events, like election markets. You can prepare for Polymarket's launch by reading our Polymarket Promo Code review!

Read More: Kalshi vs. Polymarket

🥉​Novig

🚨 Novig Promo Code	ACTION
💰 Novig Welcome Offer	Spend $5, Get $50 in Novig Coins!
🗺️ Novig Promo Code States	Alaska, Arkansas, California, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Minnesota, Missouri, Nebraska, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Texas, Vermont, Virginia, Washington, D.C., Wisconsin, and Wyoming.
❌​ Novig Excluded States	Alabama, Arizona, Colorado, Connecticut, Idaho, Louisiana, Michigan, Montana, Nevada, New Jersey, Tennessee, Washington.
📑​ Novig Terms & Conditions	Players must be 21+ and be residents of the U.S. Void where prohibited. Mobile only. Please play responsibly.
📱 Novig App	iOS & Android

Many of the traditional prediction markets listed in this article offer prediction contracts that use cryptocurrency or real money. Novig uses a dual currency structure similar to what sweepstakes casinos use, where users can speculate on sporting events using a free virtual currency, or a sweepstakes coin that can be turned into real prizes.

A fairly recent start-up, Novig markets itself less as a prediction market and more as a sports betting exchange, where users can skip the fixed odds of sportsbooks and find a peer who wants to take their action directly. Between that and the inviting, risk-free nature of virtual currency structures, Novig is being courted by bigger investors who want to get in on what they've already built.

Learn more about the Novig promo code by checking out our review!

🏅Crypto.com

If you're a big cryptocurrency user, Crypto.com is the prediction market for you. Not only can all your prediction market prices be shown in cryptocurrency, but you can also trade dozens of forms of cryptocurrency.

As prediction markets operate, Crypto.com covers politics, economics, financials, culture (coming soon), and sports, mainly football (NFL and College Football), basketball (NBA and College Basketball), hockey (NHL), golf, motorsport, and European soccer.

Learn more about the Crypto.com Referral Code by checking out our guide!

🏅​DraftKings Predictions

While most of the names here so far are disruptive upstarts, some established online sports betting operators are also trying to get in on the prediction market trend. DraftKings CEO Jason Robins has announced that DraftKings is planning to launch a prediction market platform called "DraftKings Predictions".

The company plans to offer contracts for finance, culture, entertainment, and sports in states where sports betting is not yet legal.

• Launch date: TBC, likely before the Super Bowl. Prepare for the launch of the DraftKings Predict Promo Code by reading our review.

Possible Future Prediction Markets

Many established sports betting operators and financial markets want in on the prediction market craze.

• FanDuel Predict: FanDuel has had initial discussions with the CME Group to partner on a prediction market platform that focuses on extremely short-term contracts. This approach will stand out in a crowded marketplace.
• PrizePicks Predict: Primarily a daily fantasy sports operator, PrizePicks has recently announced a partnership with Polymarket to offer event contracts to the PrizePicks user base. I suspect that this will be similar to other sites that partner with prediction markets, where the event contracts are hosted on the prediction market site, but are ported into the daily fantasy app.

How to Sign Up for Prediction Market Apps

Signing up for the best prediction market is similar to how one would approach signing up for traditional sportsbooks. Regardless of where you eventually decide to sign up, following this kind of evaluation process will set you up for success with prediction sites and all forms of speculative investing.

1. 1. First, evaluate the different platforms to decide which is best for you: Are you an inexperienced trader? What are you looking to trade on? Do you use cryptocurrency? All these kinds of questions and more should be considered when evaluating your options.

2. 2. Create your account and verify your identity: Most regulated platforms require full KYC verification, including social security number and ID checks. Crypto-based platforms may require only an email and a wallet connection.

3. 3. Fund Your Account: Keep an eye out for potentially attractive promo offers, but like any form of speculative investing, there are inherent risks. Invest only what you're willing to lose.

4. 4. Pick a Market You Understand: No need to speculate on GDP outcomes if you don't know what GDP is. If you're here to speculate on Love Island eliminations, do that!

5. 5. Make a (small) first contract buy: The easiest way to get comfortable with how prediction sites work is buying a simple yes/no contract. The multi-variate options won't seem as intimidating down the road if you start with a simple yes/no question.

6. 6. Monitor Your Positions: Prediction markets move quickly as news breaks. Check in on your positions, follow updates tied to the event, and be ready to sell early if market sentiment shifts.

7. 7. Invite friends and collect referral bonuses: Playing with friends always makes it better. Note which ones have referral bonuses, and start thinking about which friends you want to invite to play along.

ProphetX is an up-and-coming prediction market operator with the following promo offer: Get a 20% Purchase Match up to $100 in Bonus Funds! There are a number of prediction market brands to choose from, and the ProphetX promo code offers as worthwhile a bonus for new users as any in the space. The operator is just one of many you can get started with!

Popular Contract Types on Prediction Market Apps

Prediction markets are great for trading on sports, but the power they tap into is the ability to turn almost anything into a prediction game.

Prediction market platforms gained attention around the 2024 election when political prognosticators began using prediction market sentiment as a data point when assessing the presidential election. Being able to tap into consumer sentiment, where traders act with inherent incentives, has highlighted the value of prediction markets as a means of predicting world outcomes.

Once prediction market sites saw how much fun people had with politics, they pushed to expand into every other market. Now you can speculate on nearly everything under the sun.

The section below highlights some of the ways you can use event contracts to speculate on different parts of the world.

• Sports: Event contracts with sports have long been a target for prediction markets. Users can speculate on the winner of individual events such as this week's Vikings-Bears game, or on longer-term outcomes like individual awards or who will play in the Super Bowl.
• Politics: After seeing how much fun its users had with the 2024 presidential election, the political markets have added more depth. Users can speculate on topics like how long the government shutdown will last and individual races around the country.
• Pop Culture: It's a lot of fun watching reality TV shows with a group of people - it's even more fun to speculate on them at prediction markets. Prediction markets are allowing users to speculate on the next eliminations at dating shows and who will win elimination shows like Survivor.
• Trending News: Every news event becomes an opportunity for predictions. Want to speculate on the length of the ceasefire between Israel and Palestine? You can do it at prediction markets.
• Economics: Want to speculate on the outcomes of GDP? That's possible at prediction markets.
• Weather: "Boy, it's unseasonably warm this time of year." How long do you think that will go? You can create questions like that for the prediction markets.
• Celebrity Mentions: Taylor Swift drives attention and eyeballs. Want to speculate on her latest moves - releases, the date of her wedding, and how many bridesmaids she's going to have? You can do that on prediction markets that offer event contracts on celebrity actions.
• World Events: Ever wanted to predict the end of a conflict? Speculate on the outcomes of world summits? With prediction markets, you can trade on foreign relations and international diplomacy.
• Tech: When's the new iPhone coming out? Will GTA 6 ever come out? These are just some of the questions that you can speculate on in tech prediction markets.

Why Are Sports Prediction Markets So Popular?

Once elections became popular betting markets, the conversation immediately jumped to "how can we make this work for sports?" Sports betting operators and other investors saw the potential for a new product that could challenge the dominance of traditional sportsbooks in the marketplace.

As prediction markets began to add sports event trading, they offered futures, and eventually the ability to buy event contracts on individual games.

Sports prediction markets offer additional benefits to traders beyond what traditional betting operators can offer. Certain prediction markets, most notably Kalshi, offer users the ability to earn interest on funds in their account, as well as funds invested in open positions.

Sports prediction markets also serve as a workaround to make sports event trading available in states where there is no regulation on sports betting. The CFTC regulates prediction markets, and they are not subject to the same regulations as sports betting operators. Many entrepreneurs are seeing this as a way to circumvent rules and offer their customers the opportunity to speculate on sports outcomes without having to deal with onerous regulations.

Where Are Prediction Markets Legal in the US?

As it stands now, major prediction markets like Kalshi operate in all 50 states because they are federally regulated prediction market sites. That hasn't stopped several states from trying to interfere in its operations, with multiple states issuing cease-and-desist letters to protect their regulated sports betting operators from competition by prediction markets.

Platform	Available in
Kalshi	All 50 states
Polymarket	Not US available, though re-entry is planned
Novig	42 US states and Washington, D.C
Crypto.com	49 US states
DraftKings Predictions	TBC

Banking Practices at Prediction Markets

Banking at prediction markets is a little different than wagering at sportsbooks - it's like comparing apples and oranges.

The first thing to note would be the types of currency you can use. Prediction markets were on the blockchain, and the original prediction market sites traded on cryptocurrency. Many of the sites mentioned in this article, such as Crypto.com and Polymarket, still allow users to make predictions using cryptocurrency. This is a great feature for seasoned traders who are familiar with cryptocurrency.

Another great aspect of banking at prediction markets is that you can also generate interest on your portfolio of prediction market investments. For example, cash and long positions on Kalshi earn interest while they're sitting in your account, with roughly a 4% APY. Interest is paid out during the first week of each month.

What's important to remember about banking at prediction markets is that they're more like a financial market than a sportsbook. Take advantage of offers like Kalshi, which offer interest on the funds you hold in your account, and use those funds to secure big trades that pay off well.

Responsible Trading on the Best Prediction Markets

Prediction markets, by nature, are inherently unstable and subject to market fluctuations. Outcomes and results tend to vary, and it's definitely not a straightforward path to steady investing.

The uncertainty of those outcomes can sometimes lead to adverse reactions from traders. Before investing in prediction markets, users should always remind themselves that there is a chance that they could lose their investment, and prepare themselves accordingly.

Prediction markets do not have responsible gaming pages like those found on sports betting websites. The tone of responsible trading here is more like what you'll hear on a financial services ad - "Investing comes with risk. All trades are regulated by (insert regulator name here)."

As prediction markets cater more to the broader consumer, it would be wise for prediction markets to develop this type of content on their sites.

Action Network's Tips for Using the Best Prediction Market Apps

It's a great time to speculate, and prediction market platforms are leading the way. With a handful of different prediction apps available to the general public, there's never been a better time to hop into the game of speculating on event outcomes.

For traders interested in getting into prediction markets, there are a few helpful tips to take into account before starting on your prediction market journey.

• Trade for fun: Don't put too much pressure on yourself to trade big and trade fast. Prediction markets are here to stay.
• Trade what you know : There's no need to speculate on something you don't understand.
• Evaluate multiple sites before depositing: Users should research prediction apps before depositing to ensure that the site they're playing on is the best fit for their situation.