Best Prediction Market Apps for August 2026

Steve Petrella
Steve Petrella
Betting ExpertFact Checked by Natali Toiw
Last Updated
:
Aug 17, 2026, 3:02 PM EDT

Polymarket, FanDuel Predicts, Kalshi, Novig, DraftKings Predictions and ProphetX are the best prediction market apps available in August 2026. They let you trade contracts on sports, politics, economics, entertainment, and other real-world events without using a traditional sportsbook.

We've compared each platform based on welcome bonuses, available markets, fees, app experience, and state availability to help you choose the right prediction market site for your trading style.

Before signing up anywhere, check the latest terms and state availability. Eligibility rules vary by platform, and age requirements can differ as well. Offers below are updated regularly.

📱 Best Prediction Market Apps for August 2026

Casino
Offer
Features
Payment Options
Sign Up
1
Deposit $10, Get a $20 Trading Bonus!
  • Huge Variety of Trending Topics
  • Low Trading Fees
  • Fastest Payouts
VisaMastercardApple PayGoogle PayPaypalSolanaEthereumBitcoin
ACTION

Promo Code

Go to Polymarket
2
Trade $25, Get up to $500!
  • Live P&L Tracking
  • Clean Design and Easy to Use App
  • Leading Prediction Market in The US
VisaMastercardApple PayGoogle PayPayPalVenmoCrypto
ACTION

Promo Code

Go to Kalshi
3
Sign Up & Unlock Your Offer!
  • Wide-Variety of Real World Events
  • Top-Tier Mobile App
  • Generous Welcome Offer
VisaMastercardApple Pay
No Code Needed
Go to FanDuel Predicts
4
Deposit $10, Get $25 in Trade Credits!
  • Peer-to-Peer Sports Prediction Market
  • Low Fees on Winning Trades
  • Lucrative Rewards Program
VisaMastercardBank Transfer
ACTION

Promo Code

Go to Novig
5
Trade $5, Get $150 in Predictions Dollars!
  • Predictions Sports Combos
  • Expanded Pre-Game and Live Data
  • Event Hubs for Major Tournaments
VisaMastercardACHApple PayVenmoPayPal
6
Trade $10, Get $20!
  • Highly Rated Mobile App
  • 'Prophet Boosts' Feature
  • Rewarding Refer-a-Friend Bonus
VisaMastercardTrustlyPayNearMe
TANBONUS

Promo Code

Go to ProphetX

🧐 What are Prediction Market Apps?

A prediction market app lets users trade contracts based on whether real-world events will happen. Instead of betting against a sportsbook, users buy and sell positions with one another until the market settles.

Contract prices reflect the market's estimated probability of an event occurring. You can hold a position until settlement or sell it before the event ends if market prices move in your favor.

  • Contract Mechanics: You purchase 'Yes' or 'No' positions based on whether a specific real-world event will occur.
  • Interpreting the Price: Shares cost anywhere from 1¢ to 99¢. If a 'Yes' share sits at 65¢, the market assigns a 65% chance of the event happening.
  • Cashing Out: When the event ends, winning shares settle at $1.00, while losing shares drop to $0. The advantage is in selling your position early, as you can dump shares mid-event when needed.
  • Peer-to-Peer Action: You trade against other users, not a bookmaker. Prices move based on public sentiment, news, and sharp money — with no baked-in sportsbook margin.

📈 What Can You Trade on Prediction Markets?

Contract options and events on prediction markets are limitless. Let's look at some of the most popular trading options available on the best prediction market apps:

  • Politics & Elections: The 2026 midterms draw a lot of prediction market interest. Traders are projecting control of the Senate, gubernatorial races, and buying shares in contested state primary races.
  • Marquee Sports & Game Lines: Traders buy shares across MLB, and WNBA schedules. You can easily buy and sell shares mid-game to lock in early profits and limit your risk.
  • Economic Indicators & Pop Culture: Speculate on financial trends like Federal Reserve rate changes and inflation reports. You can also trade on entertainment outcomes, from reality TV winners to weekend box office numbers.

Read next: Sporttrade's betting exchange model

📍 Where Are Prediction Markets Legal in the US?

Prediction market availability depends on the platform, the product, and the user’s location. Users need to check the app’s live terms before signing up, as state access can change, and some markets may be restricted even when the app is available.

The table below lists the states where each of our best prediction market apps is legally available. If you're located in one of these states, you can download the app, create an account, claim the available welcome offer, and start trading.

📱 Prediction Market App📍 Legal States
PolymarketAK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IN, KS, KY, LA, ME, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
KalshiAK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IN, KS, KY, LA, ME, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WI, WV, WY
FanDuel PredictsAK, AL, CA, DE, FL, GA, HI, ID, MN, ND, NE, NM, OK, RI, SC, SD, TX, UT
NovigAK, AR, FL, GA, HI, IL, IN, IA, KS, KY, ME, MA, MN, MO, NE, NH, NC, ND, OH, OK, OR, SC, SD, TX, VT, VA, DC, WI, WY
DraftKings PredictionsAL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
ProphetXAL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Always check local regulations and the app's terms and conditions to confirm it's available in your state before trading.

⚖️ Pros & Cons of Prediction Market Apps

Before you move your bankroll over to an exchange, here is a quick look at the structural benefits and the potential drawbacks of trading on these platforms compared to traditional sportsbooks:

👍 Pros​👎 Cons
🟢 Better Expected Value (No Vig): Peer-to-peer trading removes the traditional 10% sportsbook tax, giving you true 1-to-1 market value.🔴 Liquidity Bottlenecks: Niche or highly specific markets might not have enough active trading volume to instantly fill larger orders.
🟢 Fluid Trading: You aren't locked into a static bet. You can buy and sell shares in real-time to lock in profits or cut losses before an event even concludes.🔴 Steeper Learning Curve: Going through a central limit order book and trading cents-on-the-dollar can feel intimidating compared to a simple sportsbook betslip.
🟢 Broader Access & Markets: Some federally regulated platforms may be available in states without legal online sports betting, but each app still sets its own eligibility rules. For Kalshi and Polymarket, users should check the current no-go list before signing up.🔴 Fewer Traditional Parlays: While some apps are adapting, stringing together multiple outcomes is generally more difficult than building a standard Same Game Parlay.

Related: SI Predict Promo Code & ADI Predictstreet

📊 Best Prediction Market Apps for August 2026 Compared

With prediction markets continuing to grow in popularity across the U.S., players now have more options than ever. To help you choose the right platform, we've put together a list of the best prediction market apps available today, comparing their welcome bonuses, standout features, and user ratings on both the Google Play Store and Apple App Store.

Since each platform offers something different, this guide makes it easier to find the one that best matches your trading preferences.

📲 Prediction Market App🍎 Apple App Store Rating▶ Google Play Store Rating⭐ Available Markets
Polymarket4.6/5 ★ (53K ratings)3.5/5 ★ (9K ratings)Politics, Crypto, Pop Culture, SPorts, Business, Economics, Tech, Weather, Oil & Commodities, Housing
FanDuel Predicts4.8/5 ★ (6.2K ratings)4.6/5 ★ (1.5K ratings)Sports, Financial Markets, Crypto, Macroeconomics, Commodities, Culture, Politics, Pop Culture
Kalshi4.8/5 ★ (455K ratings)4.7/5 ★ (97K ratings)Elections, Politics, SPorts, Culture, Crypto, Commodities, Climate, Economics, Mentions, Finance, Tech & Science
Novig4.7/5 ★ (3.7K+ ratings)4.5/5 ★ (960+ ratings)Pro and College Football, Pro and College Basketball, Baseball, Hockey, Soccer, Combat Sports, Tennis, Player Props, Season Futures, Live In-Game Markets 
DraftKings Predictions4.9/5 ★ (6.3K ratings)4.7/5 ★ (1K ratings)Sports, Politics, Crypto, Financials, Economics, Business, Culture, Climate 
ProphetX4.8/5 ★ (3.2K ratings)4.4/5 ★ (693 ratings)Pro & College Football, Pro & College Basketball, Baseball, Hockey, Soccer, Combat Sports, Golf, Tennis, Motorsports, Esports, Player Props, Season Futures, Live In-Game Markets 

🏆 Best Prediction Market App This Week: DraftKings Predictions

DK Predictions logo.png

DraftKings Predictions is our top pick this week. The newest DraftKings product brings CFTC-regulated event trading into the familiar DraftKings betslip, so instead of buying shares on a 0-to-100-cent scale, you trade the way you'd place a bet. That makes it one of the smoothest entry points into prediction markets.

The platform covers all major sports and events, and it's available in states where traditional sports betting is prohibited.

If you're an existing DraftKings users, you'll find the predictions product right inside the app you already know.

There's a welcome offer too: Trade $5, Get $150 in Predictions Dollars!, with no promo code needed.

The $150 bonus arrives in $50 installments over 14 days rather than all at once, and Prediction Dollars are site credit, so you can only cash out the profits you earn trading with the bonus.

⭐ Top Six Prediction Market Apps Reviewed for August 2026

We've compared the leading U.S. prediction market apps based on welcome bonuses, available markets, and overall user experience. If you want to trade across sports, politics, economics, and more, check out the top prediction market apps below.

If you're interested in learning more about their welcome bonuses specifically, check out this review of the best prediction market promos.

1. Polymarket App

Polymarket has quickly gained attention among prediction market users, with the Polymarket US app offering a highly rated mobile app for both the Apple App Store and Google Play Store. The app brings the full Polymarket offering to mobile, with users able to trade across Politics, Sports, Crypto, Esports, Finance, Geopolitics, Tech, Culture, Economy, and more.

New users can also use the Polymarket promo code ACTION to access the current welcome offer, which allows eligible customers to deposit $10 and receive a $20 trading bonus.

🎁 Sign Up BonusDeposit $10, Get a $20 Trading Bonus!
🏷️ Promo CodeACTION
🍎 Apple App Store Rating4.6/5 (53K ratings)
▶️ Google Play Store Rating3.6/5 (9.15K reviews)
🌐 Available MarketsCombos, Perps, Breaking, New, Politics, Sports, Crypto, Esports, Finance, Geopolitics, Tech, Culture, Economy, Weather, Mentions, Elections, Art
💳 Deposit MethodsApple Pay, Google Pay, Debit Cards, Credit Cards, ACH, Wire Transfer, PayPal, Revolut Pay, 22+ Cryptocurrencies
💸 Withdrawal MethodsACH, Debit Cards, Wire Transfer, 22+ Cryptocurrencies
📍 Legal StatesAK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IN, KS, KY, LA, ME, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
🏆 Best forBroad Market Coverage

If you're unsure how to use Polymarket, check out our How to Bet on Polymarket guide for a complete walkthrough.

2. Kalshi App

Kalshi is our third-best prediction market app and one of the first prediction markets to launch in the United States. The app holds ratings of over 4.5 stars on both major app stores, with more than 450,000 ratings on the Apple App Store alone.

The Kalshi mobile app is beginner-friendly, with a clean and minimalistic interface that makes it easy to navigate different markets. Users can see clear Yes/No prices alongside the implied probability of each outcome, while the default “Trending” section provides quick access to popular events. Players can also browse categories such as sports, culture, politics, and other available markets.

New users who sign up and download the app can use Kalshi promo code ACTION during registration to access the current welcome offer: Trade $25, Get Up to $500!

🎁 Sign Up BonusTrade $25, Get up to $500!
🏷️ Promo CodeACTION
🍎 Apple App Store Rating4.8/5 (455K ratings)
▶️ Google Play Store Rating4.7/5 (97K ratings)
🌐 Available MarketsElections, Politics, SPorts, Culture, Crypto, Commodities, Climate, Economics, Mentions, Finance, Tech & Science
💳 Deposit MethodsDebit Card, Apple Pay, Google Pay, ACH, Real-time Payments, PayPal, Venmo, Crypto (USDC), Wire Transfers
💸 Withdrawal MethodsDebit Card, Apple Pay, Google Pay, Bank Transfer (ACH), Real-Time Payments (RTP), PayPal, Venmo, Crypto (USDC), Wire Transfer
📍 Legal StatesAK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IN, KS, KY, LA, ME, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WI, WV, WY
🏆 Best forDirect USD Banking

3. FanDuel Predicts App

FanDuel is already a familiar name in the US market, and FanDuel Predicts has quickly established itself as one of the leading prediction market apps. The app is available on both iOS and Android and has continued to expand since its initial launch on December 22, 2025, when it debuted in five states: Alabama, Alaska, South Carolina, North Dakota, and South Dakota.

Since then, FanDuel Predicts has expanded to all 50 US states, with sports event contracts currently available in 18 jurisdictions and excluded in states where FanDuel Sportsbook operates legally.

New users who sign up and download the FanDuel Predicts app can unlock the current welcome offer without needing a FanDuel Predicts promo code.

🎁 Sign Up BonusSign Up & Unlock Your Offer!
🏷️ Promo CodeNo promo code required, click here to claim the bonus.
🍎 Apple App Store Rating4.8/5 (6.2K ratings)
▶️ Google Play Store Rating4.6/5 (1.5K ratings)
🌐 Available MarketsSports, Financial Markets, Crypto, Macroeconomics, Commodities, Culture, Politics, Pop Culture
💳 Deposit MethodsVisa, Mastercard, Bank Transfer, PayPal, Venmo, and Apple Pay
💸 Withdrawal MethodsVisa, Mastercard, Online banking
📍 Legal StatesAvailable in all 50 states + DC.
🏆 Best forSports Event Contracts

4. Novig App

Novig is a sports-focused, peer-to-peer prediction market that has quickly established itself as one of the leading options in the space. Its CFTC-regulated mobile app offers a modern, easy-to-use interface with a fresh approach to sports trading that should appeal to casual users.

One of the app's standout features is its strong user ratings. Novig currently holds 4.7 stars from more than 3,700 reviews on the Apple App Store, while its Google Play app has a 4.5-star rating from over 960 reviews.

If Novig sounds like the right fit for you, you can use Novig promo code ACTION to access its current welcome offer: Deposit $10, Get $25 in Trade Credits!

🎁 Sign Up BonusDeposit $10, Get $25 in Trade Credits!
🏷️ Promo CodeACTION
🍎 Apple App Store Rating4.7/5 (3.7K+ ratings)
▶️ Google Play Store Rating4.5/5 (960+ ratings)
🌐 Available MarketsPro and College Football, Pro and College Basketball, Baseball, Hockey, Soccer, Combat Sports, Tennis, Player Props, Season Futures, Live In-Game Markets
💳 Deposit MethodsVisa, Mastercard, Bank Transfer
💸 Withdrawal MethodsBank transfer (Trustly)
📍 Legal StatesAK, AR, FL, GA, HI, IL, IN, IA, KS, KY, ME, MA, MN, MO, NE, NH, NC, ND, OH, OK, OR, SC, SD, TX, VT, VA, DC, WI, WY
🏆 Best forSports Contracts

5. DraftKings Predictions

DraftKings Predictions comes from the well-established DraftKings brand, which already has a strong presence through DraftKings Sportsbook and DraftKings Casino. Its move into prediction markets adds another product to the DraftKings lineup, with the Predictions app earning 4.9 stars on both iOS and Android, while the Android version has surpassed 100,000 downloads.

The app offers a solid selection of markets, including NFL, college football, NBA, NHL, college basketball, stock markets, and cryptocurrency prices such as ETH and BTC.

If you don't already have a DraftKings Predictions account and want to download the mobile app, you can sign up through our verified links and claim the current welcome offer, which allows new users to Trade $5, Get $150 in Predictions Dollars!

🎁 Sign Up BonusTrade $5, Get $150 in Predictions Dollars!
🏷️ Promo CodeNo DraftKings Predictions promo code required
🍎 Apple App Store Rating4.9/5 (6.3K ratings)
▶️ Google Play Store Rating4.7/5 (1K ratings)
🌐 Available MarketsSports, Politics, Crypto, Financials, Economics, Business, Culture, Climate
💳 Deposit MethodsVisa, Mastercard, ACH, APple Pay, Bank Wire
💸 Withdrawal MethodsDebit Card, PayPal, Online Banking
📍 Legal StatesAL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
🏆 Best forCustom Combos (multiple picks across sports, spreads, totals, player markets and more)

6. ProphetX App

ProphetX is a sports prediction market app where users trade contracts based on real game outcomes. It offers dedicated iOS and Android apps, both with strong user ratings, while the mobile experience makes it convenient to check prices and manage positions on the go.

As ProphetX continues to grow, the company partnered with Pikkit in August 2026, allowing users to place trades on ProphetX markets through the Pikkit platform.

If you don't already have a ProphetX account or mobile app, you can sign up and claim the current new-user offer, Trade $10, Get $20, by using the ProphetX promo code TANBONUS.

🎁 Sign Up BonusTrade $10, Get $20!
🏷️ Promo CodeTANBONUS
🍎 Apple App Store Rating4.8/5 (3.2K ratings)
▶️ Google Play Store Rating4.4/5 (693 ratings)
🌐 Available MarketsPro & College Football, Pro & College Basketball, Baseball, Hockey, Soccer, Combat Sports, Golf, Tennis, Motorsports, Esports, Player Props, Season Futures, Live In-Game Markets
💳 Deposit MethodsOnline Banking (Aeropay), Cryptocurrency (Zerohash), Wire Transfer
💸 Withdrawal MethodsOnline Banking (Aeropay), Paper (Physical) Check, Wire Transfer
📍 Legal StatesAL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
🏆 Best forMulti-Leg Trading

⚔️ Kalshi vs. Polymarket

Kalshi is the more established US exchange with broader desktop access; Polymarket US offers the larger welcome bonus and is currently mobile-only.

✨ Feature🟢 Kalshi🔵 Polymarket
🏆 Best ForBroad market selection and advanced tradersSimple USD trading and easy onboarding
🌎 US RegulationCommodity Futures Trading Commission (CFTC)Commodity Futures Trading Commission (CFTC)
📱 Mobile AppsiOS: 4.8 ★ (444K) / Android: 4.7 ★ (95K)iOS: 4.6 ★ (53K) / Android: 3.2 ★ (9K)
💳 Payment MethodsACH, debit card, PayPal, Venmo, crypto (USDC only), wire transferACH, debit card, crypto
🤝 Trading Fees$0.07 - $1.75 per 100 contracts (flat fee scale)0% Maker fees (limit orders); 0% - 1.80% Taker fees (market orders)
📊 MarketsElections, Politics, Sports, Culture, Crypto, Commodities, Climate, Economics, Mention, Finance, Tech & ScienceCombos, Perps, Breaking, New, Politics, Sports, Crypto, Esports, Finance, Geopolitics, Tech, Culture, Economy, Weather, Mentions, Elections, Art
🤑 Welcome OffersTrade $25, Get up to $500!Deposit $10, Get a $20 Trading Bonus!

🥊 Full comparison here: Kalshi vs. Polymarket.

📱 More Prediction Market Apps

As prediction markets capture market share, traditional online sportsbooks, DFS operators, and retail brokerages are launching their own exchange platforms.

Depending on where you already hold a bankroll, these crossovers offer a convenient way to trade event contracts without opening a new account:

🤔 Which Prediction Market App Should You Choose?

  • Polymarket is our top overall pick thanks to its large welcome bonus and broad selection of markets.
  • Kalshi stands out for traders looking for a federally regulated exchange with deep liquidity.
  • FanDuel Predicts is a great choice for anyone looking for a familiar, easy-to-use prediction market app.
  • ProphetX is worth considering if you trade mainly sports markets.
  • Novig is a strong option for users looking for a sports-specific platform with a generous rewards program.
  • DraftKings Predictions, if you want to trade events without learning a new interface.

No matter which platform you choose, compare the latest promotions, check state availability, and review the platform's terms before signing up.

  1. Polymarket: Use the Polymarket promo code ACTION to Deposit $10, Get a $20 Trading Bonus!
  2. Kalshi: Claim the Kalshi promo code ACTION to Trade $25, Get up to $500!
  3. FanDuel Predicts: No FanDuel Predicts promo code is needed to Sign Up & Unlock Your Offer!
  4. Novig: Use the Novig promo code ACTION to Deposit $10, Get $25 in Trade Credits!
  5. DraftKings Predictions: No DraftKings Predictions promo code is needed to Trade $5, Get $150 in Predictions Dollars!
  6. ProphetX: Snag the ProphetX promo code TANBONUS to Trade $10, Get $20!

⚽ Which Prediction Market App is Best for Sports Betting Right Now?

Right now, Novig is our pick for pure sports trading, thanks to its no-vig peer-to-peer pricing. ProphetX wins for parlays, and Kalshi offers the deepest market depth. The best fit depends on how you like to trade.

Here's the short version of how these prediction market apps work differently for sports:

  • Novig: The sharpest prices. You trade straight against other users, so there's no house margin eating your value.
  • ProphetX: The parlay specialist. Its Request-for-Quote system builds and prices same-game parlays fast.
  • Kalshi: The deepest liquidity and widest market coverage, plus desktop access.
  • FanDuel Predicts: The easiest crossover if you're coming from a sportsbook.
  • Polymarket: The best guaranteed bonus, with strong sports coverage alongside politics and global event markets.
  • DraftKings Predictions: The most sportsbook-like feel, trading events on a familiar betslip instead of a cents scale.

Because prediction markets work differently than a sportsbook, the "best" app really comes down to whether you value price (Novig), parlays (ProphetX), or depth and range (Kalshi). Whichever you pick, remember that trading involves high risk, so start small and stick to markets you understand.

💡 Prediction Market App Trading Tips

If you're logging into a prediction exchange for the first time during the summer, have a plan to protect your initial deposits. Standard sports betting strategies don’t work well here. You're trading against experienced traders, not a house with a built-in fee. Focus on liquidity: buying in low-volume markets can make it hard to sell later.

  • Focus on High-Liquidity Markets: Niche MLB prop markets or obscure international soccer matches might look tempting on the board, but a lack of active trading volume means you cannot easily sell your shares if the game turns against you. Stick to high-liquidity events like the Wimbledon Finals, where the order book is constantly moving.
  • Use Limit Orders: Instead of accepting the current market price, place a limit order and wait for the market to come to you. It can improve your entry price and increase your potential return over time.
  • Don't Be Afraid to Sell Early: You don't need your team to win the game. If you grab 'Yes' shares on an NHL underdog at 30 cents and they score first, those shares might jump to 65 cents. Sell right away to secure the 35-cent profit.
  • Keep Cash Available: Breaking news, lineup changes, injuries, and economic announcements can move prices quickly. Keeping some funds available lets you react instead of watching opportunities pass by.
  • Think in Probabilities: Prediction markets aren't about guessing who wins. They're about deciding whether the market is pricing an event correctly. Before buying a contract, ask yourself if the real probability is higher or lower than the current price suggests.

READ NEXT: Plus500's Prediction Markets

❓ Best Prediction Market Apps FAQs

Here are answers to some of our most commonly-asked questions about prediction market apps.
Polymarket is the best prediction market app in the U.S., largely due to its generous welcome bonus. Not only is it a fully CFTC-regulated entity with competitive fees instead of a house edge — it also offers diverse markets and has high liquidity thanks to significant trading volume. As long as you're okay with trading on mobile rather than a desktop, Polymarket is the way to go.
Polymarket currently offers the best welcome bonus: Deposit $10, Get a $20 Trading Bonus! Just claim using our unique Polymarket promo code ACTION. It ranks #1 on our list of prediction market promos because of the exclusive access and $50 value, which is 3.3x that of Kalshi's. Sure, you have to put in more, but it's still a relatively low barrier to entry.
Yes, prediction markets such as Polymarket and Kalshi are legal in the US because they’re regulated by the Commodity Futures Trading Commission and operate under federal financial-market regulation. Still, access depends on the platform and the user’s location. Other platforms are offshore or use crypto rails and aren’t licensed in the U.S. Others still exist in more of a gray area, as they use a sweepstakes model.
Yes, you can earn interest on prediction market apps such as Kalshi. Since these platforms are regulated as financial exchanges, they often pay interest on both uninvested cash and active "open" positions. This allows you to earn a steady yield on your bankroll similar to a high-yield savings account while you wait for your markets to resolve.
Prediction markets offer welcome bonuses just like most gambling sites. They serve as incentives for users to sign up and claim trading bonuses.
Sportsbooks are regulated at the state level and work with fixed odds. Prediction markets are fully regulated financial markets that function like a derivatives market and adhere to CFTC regulations. There is no "rake" at a prediction market, since users trade against each other in a peer-to-peer exchange.
Yes, most prediction market apps charge small trading fees when you buy or sell contracts, similar to a stock-market exchange. Fees vary by platform, but they're often more noticeable if you trade frequently or in large amounts. Fees may also apply if you're trading event contracts with cryptocurrency.
Instead of traditional wagers, sports event trading lets you buy shares on a particular event, with prices moving based on sentiment, news, and data analysis. You can sell early, compare odds in real time, and trade outcomes across the NFL season or other sports without relying on how sportsbooks set their lines.
For eligible users, Kalshi is a strong starting point because the app is built around clear pricing, regulated event contracts, and beginner-friendly education. Just check your state first, as Kalshi's welcome offer isn't available in AZ, IL, MA, MD, MI, MT, NV, or OH.
Prediction market apps generally perform best for short-term, high-interest events. Short-term markets (like a daily sports slate or an upcoming election debate) attract much higher liquidity, allowing you to easily enter and exit positions without having your capital tied up for months.
Yes. CFTC-regulated prediction markets issue Form 1099-B and treat gains as capital transactions, not gambling income. Traditional sportsbooks issue Form W-2G. Consult a tax professional for guidance specific to your situation.