Best Prediction Markets (2026): Platforms Compared

What are the best prediction markets?

There is no single best one. Which suits you depends on what you trade and where you live:

All-round, for US traders: Kalshi, the broadest CFTC-regulated exchange, strong on economics, politics and mainstream US sports.
Politics and world events: Polymarket, which has the deepest liquidity globally. US users trade on Polymarket US, a separate CFTC-regulated exchange.
Sports: Kalshi, the sportsbook brands (DraftKings Predictions, FanDuel Predicts, Fanatics Markets), the fantasy apps (Underdog, PrizePicks) and the sports exchanges Novig and ProphetX.
Inside a crypto app: Gemini, OG (by Crypto.com) and Coinbase.
Inside a brokerage account: Robinhood, Webull and IBKR.

Prediction markets let you trade real money on the outcome of future events (elections, economic data, sports, crypto prices and culture), with prices that move like a live probability. The platforms below differ a lot in how they're regulated, what they cover, how they charge, and who can use them. We compare them on the dimensions that actually matter, then break down what each one is best for. See our detailed Kalshi vs. Polymarket breakdown and the Polymarket beginner guide for deeper dives. To compare prices on the same contract, see markets listed on both Kalshi and Gemini.

Full platform comparison

All 16 platforms, plus Kalshi Perpetuals, at a glance. Scroll sideways on mobile.

Platform	Regulation	Availability	Categories	Fees	Funding	Best for
Kalshi	CFTC-regulated DCM	US ✓	Politics, economics, sports, weather, crypto	Formula-based, ~1–2% of profit	USD: bank, debit, Apple Pay	US-regulated trading across economics & politics	Trade on Kalshi
Kalshi Perpetuals Leveraged perpetual futures · only on Kalshi	CFTC-regulated (first US perps exchange)	US ✓	Crypto & precious-metals perpetual futures	Trading fees + funding every 8h	USD, same Kalshi account	Leveraged long/short on crypto & gold, US-regulated	Trade Perps on Kalshi
OG Prediction Markets by Crypto.com	CFTC-regulated exchange (NADEX, dba OG.com Prediction Markets)	US ✓	Sports, crypto, politics, culture	Price-based on most markets; $0.02/contract on crypto and financials	Bank, debit, PayPal, Venmo, crypto (NY: bank and debit only)	Crypto-native traders and sports	Trade on OG
Gemini	CFTC-regulated DCM	US ✓	Crypto, economics, politics	Low per-contract	USD or crypto (Gemini account)	Existing Gemini / crypto users	Trade on Gemini
Polymarket	Offshore; US via a separate regulated entity	International	Politics, crypto, culture, sports and more	Price-based taker fee by category; some free; makers free	Crypto (stablecoin collateral)	Deepest liquidity; politics & global events	Visit site
Fanatics Markets	Federally regulated (Crypto.com infrastructure)	US ✓	Sports, crypto, politics, culture	Varies	Card, bank	Sports fans / sportsbook crossover	Visit site
RHRobinhood Prediction Markets Robinhood Derivatives	CFTC-registered FCM; routes to Kalshi, Rothera and others	US ✓	Sports, economics, politics, crypto, commodities, culture	Per-contract commission + exchange fee	Robinhood brokerage account	Existing Robinhood investors	Visit site
WBWebull Prediction Markets Webull Futures	CFTC-registered FCM (Webull Futures); routes to Kalshi	US ✓	Economics, crypto, sports	Per-contract exchange fee + firm fee	Webull brokerage account	Existing Webull investors	Visit site
DKDraftKings Predictions DKeX exchange	CFTC-registered broker; own exchange DKeX (Railbird DCM)	Limited	Sports, finance, entertainment	Per-contract fee + exchange fee	Separate Predictions wallet	DraftKings customers; sports in non-sportsbook states	Visit site
FDFanDuel Predicts with CME Group	CFTC-registered FCM (FanDuel + CME); lists CME and Crypto.com contracts	US ✓	Indices, commodities, crypto, economic data; sports in some states	Fee per $1 of potential payout	FanDuel Predicts account	Index and macro contracts; FanDuel customers	Visit site
IBKR Prediction Markets Interactive Brokers	CFTC-regulated broker (Kalshi + CME + ForecastEx)	US ✓	Elections, economics, climate + more	Low per-contract (brokerage)	IBKR brokerage account	Active brokerage traders	Visit site
UDUnderdog Predict UDX exchange	CFTC-registered FCM; own exchange UDX, also routes to Kalshi and Crypto.com	Limited	Sports, culture, politics, economics	Per-contract exchange fee	Debit/credit card, Apple Pay, bank (Trustly)	Fantasy sports players trying event contracts	Visit site
PPPrizePicks Predict	CFTC-registered FCM; lists Kalshi markets	Limited	Sports, culture	See PrizePicks fee schedule	PrizePicks account	PrizePicks fantasy players	Visit site
Novig	CFTC-regulated DCM (Ludlow Exchange)	US ✓	Sports	No-vig (zero-commission exchange)	USD: card, bank	No-vig sports trading	Visit site
ProphetX	Self-clearing DCM + DCO	US ✓	Sports	Low exchange commission	USD: card, bank	Peer-to-peer sports betting exchange	Visit site
Coinbase	FCM, Kalshi-powered	US ✓	Crypto, sports, politics	Per-contract	USD or crypto (Coinbase account)	Existing Coinbase users	Visit site
PIPredictIt	CFTC no-action letter (research market)	US ✓	US politics, economics	Share of profits on winning trades	Bank/ACH, card	US politics traders; small positions	Visit site

Which platform is best for each category?

● strong ◐ some coverage – none. Based on market depth and breadth, not a guarantee of liquidity on any single event.

Platform	Politics	Sports	Economics	Crypto	Culture	Climate
Kalshi	Strong	Strong	Strong	Some	Some	Strong
Kalshi Perpetuals	None	None	None	Strong	None	None
OG Prediction Markets	Some	Strong	Some	Strong	Some	None
Gemini	Some	None	Some	Strong	None	None
Polymarket	Strong	Some	Some	Strong	Strong	Some
Fanatics Markets	Some	Strong	None	Some	Some	None
RHRobinhood Prediction Markets	Some	Strong	Some	Some	Some	None
WBWebull Prediction Markets	None	Some	Strong	Some	None	None
DKDraftKings Predictions	None	Strong	Some	None	Some	None
FDFanDuel Predicts	None	Some	Strong	Some	None	None
IBKR Prediction Markets	Strong	Some	Strong	Some	None	Strong
UDUnderdog Predict	Some	Strong	None	None	Some	None
PPPrizePicks Predict	None	Strong	None	None	Some	None
Novig	None	Strong	None	None	None	None
ProphetX	None	Strong	None	None	None	None
Coinbase	Some	Some	None	Strong	None	None
PIPredictIt	Strong	None	Some	None	None	None

Platform details

New-user bonus: trade $25, get $25

Kalshi

Best for: US-regulated trading across economics & politics

Regulation: CFTC-regulated DCM
US availability: US ✓
Order types: Order book + limit
API access: Yes
Access: Desktop + app
Min deposit: No minimum
KYC: Required
Withdrawal: Bank/ACH, 1–3 days

Trade on Kalshi

Read our Kalshi review →

Kalshi Perpetuals

Leveraged perpetual futures · only on Kalshi

Best for: Leveraged long/short on crypto & gold, US-regulated

Regulation: CFTC-regulated (first US perps exchange)
US availability: US ✓
Order types: Long/short, single-digit leverage, isolated margin
API access: Yes
Access: Same Kalshi account
Min deposit: No minimum
KYC: Required
Withdrawal: Bank/ACH, 1–3 days

Trade Perps on Kalshi

New OGs: trade $25, get $50 in rewards

OG Prediction Markets

by Crypto.com

Best for: Crypto-native traders and sports

Regulation: CFTC-regulated exchange (NADEX, dba OG.com Prediction Markets)
US availability: US ✓
Order types: Order book
API access: No
Access: App
Min deposit: Low minimum
KYC: Required
Withdrawal: See app

Trade on OG

Read our OG Prediction Markets review →

Gemini

Best for: Existing Gemini / crypto users

Regulation: CFTC-regulated DCM
US availability: US ✓
Order types: Order book
API access: Yes
Access: Desktop + app
Min deposit: Low minimum
KYC: Required
Withdrawal: Bank/crypto

Trade on Gemini

Read our Gemini review →

Polymarket

Best for: Deepest liquidity; politics & global events

Regulation: Offshore; US via a separate regulated entity
US availability: International
Order types: Order book + limit
API access: Yes
Access: Web + app
Min deposit: ~$1
KYC: Not required
Withdrawal: USDC on-chain (minutes)

Visit site

Read our Polymarket review →

Fanatics Markets

Best for: Sports fans / sportsbook crossover

Regulation: Federally regulated (Crypto.com infrastructure)
US availability: US ✓
Order types: Market orders
API access: No
Access: App
Min deposit: Low minimum
KYC: Required
Withdrawal: Card/bank

Visit site

Robinhood Prediction Markets

Robinhood Derivatives

Best for: Existing Robinhood investors

Regulation: CFTC-registered FCM; routes to Kalshi, Rothera and others
US availability: US ✓
Order types: Brokerage order ticket
API access: No
Access: App + web
Min deposit: Brokerage account required
KYC: Required
Withdrawal: Brokerage transfer

Visit site

Read our Robinhood Prediction Markets review →

Webull Prediction Markets

Webull Futures

Best for: Existing Webull investors

Regulation: CFTC-registered FCM (Webull Futures); routes to Kalshi
US availability: US ✓
Order types: Brokerage order ticket; no leverage
API access: No
Access: App + web
Min deposit: Brokerage account required
KYC: Required
Withdrawal: Brokerage transfer

Visit site

Read our Webull Prediction Markets review →

DraftKings Predictions

DKeX exchange

Best for: DraftKings customers; sports in non-sportsbook states

Regulation: CFTC-registered broker; own exchange DKeX (Railbird DCM)
US availability: Limited
Order types: Buy / sell contracts
API access: No
Access: App + web
Min deposit: Varies
KYC: Required
Withdrawal: Varies

Visit site

Read our DraftKings Predictions review →

FanDuel Predicts

with CME Group

Best for: Index and macro contracts; FanDuel customers

Regulation: CFTC-registered FCM (FanDuel + CME); lists CME and Crypto.com contracts
US availability: US ✓
Order types: Buy / cash out
API access: No
Access: App
Min deposit: Varies
KYC: Required
Withdrawal: Varies

Visit site

Read our FanDuel Predicts review →

IBKR Prediction Markets

Interactive Brokers

Best for: Active brokerage traders

Regulation: CFTC-regulated broker (Kalshi + CME + ForecastEx)
US availability: US ✓
Order types: Full brokerage order types
API access: Yes
Access: Desktop + app
Min deposit: Brokerage account required
KYC: Required
Withdrawal: Brokerage transfer

Visit site

Underdog Predict

UDX exchange

Best for: Fantasy sports players trying event contracts

Regulation: CFTC-registered FCM; own exchange UDX, also routes to Kalshi and Crypto.com
US availability: Limited
Order types: Buy / sell contracts
API access: No
Access: App
Min deposit: Varies
KYC: Required
Withdrawal: Varies

Visit site

Read our Underdog Predict review →

PrizePicks Predict

Best for: PrizePicks fantasy players

Regulation: CFTC-registered FCM; lists Kalshi markets
US availability: Limited
Order types: Team and culture picks
API access: No
Access: App + web
Min deposit: Varies
KYC: Required
Withdrawal: Varies

Visit site

Read our PrizePicks Predict review →

Novig

Best for: No-vig sports trading

Regulation: CFTC-regulated DCM (Ludlow Exchange)
US availability: US ✓
Order types: Peer-to-peer exchange
API access: No
Access: App
Min deposit: Low minimum
KYC: Required
Withdrawal: Card/bank

Visit site

ProphetX

Best for: Peer-to-peer sports betting exchange

Regulation: Self-clearing DCM + DCO
US availability: US ✓
Order types: Peer-to-peer exchange + limit
API access: No
Access: App
Min deposit: Low minimum
KYC: Required
Withdrawal: Card/bank

Visit site

Coinbase

Best for: Existing Coinbase users

Regulation: FCM, Kalshi-powered
US availability: US ✓
Order types: Market orders
API access: No
Access: App
Min deposit: Low minimum
KYC: Required
Withdrawal: Bank/crypto

Visit site

PredictIt

Best for: US politics traders; small positions

Regulation: CFTC no-action letter (research market)
US availability: US ✓
Order types: Limit + market; per-contract position cap
API access: No
Access: Web + app
Min deposit: Low minimum
KYC: Required
Withdrawal: Bank/ACH

Visit site

Read our PredictIt review →

How we compare

We rate platforms on regulation and legal standing, US availability, market breadth by category, fee model, funding and withdrawal methods, trading tools (order types and API access), and the new-user bonus our referral link delivers, if any. Where we have a referral relationship we say so and link accordingly; every other platform gets a plain informational link. Category strength reflects each platform's typical market depth and breadth, not a promise of liquidity on a specific event. Fee and bonus terms change frequently, so always confirm the current details on the platform before trading.

Last reviewed: October 2026

Frequently Asked Questions

What is the best prediction market platform in 2026?

There is no single best platform; it depends on what you trade and where you live. Kalshi is the best all-round CFTC-regulated option for US traders across economics and politics. Polymarket has the deepest liquidity globally and leads on politics and world events. For sports, Kalshi carries large mainstream US sports volume, the sportsbook brands (DraftKings Predictions, FanDuel Predicts, Fanatics Markets) and fantasy apps (Underdog, PrizePicks) now offer event contracts, and Novig and ProphetX are purpose-built sports exchanges. Robinhood offers prediction markets inside its brokerage app.

Which prediction market is best for sports?

For US sports, Kalshi carries heavy volume on mainstream leagues. DraftKings Predictions, FanDuel Predicts and Fanatics Markets bring sportsbook brands to event contracts (often only in states where they do not run a sportsbook), Underdog and PrizePicks do the same for fantasy players, and Novig (no-vig exchange) and ProphetX (peer-to-peer) are dedicated sports exchanges. OG and Robinhood also offer sports.

Which prediction market is best for politics?

Polymarket leads on politics and global events with the deepest liquidity. Kalshi is the strongest CFTC-regulated US option for political and economic contracts, and IBKR offers election contracts to eligible US residents.

Which prediction markets are legal in the US?

Kalshi, Gemini, Novig and ProphetX run CFTC-regulated exchanges, OG (by Crypto.com) lists its contracts on Crypto.com’s CFTC-registered CDNA exchange, and Robinhood, Webull, DraftKings Predictions, FanDuel Predicts, Underdog, PrizePicks, Coinbase, Fanatics and IBKR offer event contracts through CFTC-registered brokers or their own exchanges. PredictIt runs under a CFTC no-action letter as a research market with position caps. Polymarket’s global site is close-only for US users; Polymarket US is a separate CFTC-regulated exchange. Some states dispute sports contracts in court, so availability varies by state.

Do prediction markets offer signup bonuses?

Some do. Through our referral links, Kalshi offers a trade-$25-get-$25 new-user bonus (bonus funds expire 7 days after they unlock) and OG has a new-user offer (New OGs: trade $25, get $50 in rewards). Bonus terms change often, so check the platform for current details before signing up.

How do prediction market fees work?

Most platforms charge a per-contract or price-based trading fee rather than a sportsbook vig. Kalshi and Polymarket charge takers a fee that peaks at a 50¢ price and is free for most resting orders; broker apps such as Robinhood and DraftKings add their own per-contract fee on top of the exchange fee. Always check the current fee schedule, or use our fee calculator.