Best Prediction Markets for Trading in November 2026: Reviews & Comparisons

The Best Prediction Market Apps for Trading in the US Ranked

Finding a reliable platform requires looking at trading fees, available markets, and regulatory compliance. We tested the top options available to US traders right now to see how they stack up. Below is a breakdown of the leading prediction market apps for trading, starting with our top overall pick.

1. Polymarket Prediction Market

Why it’s Ranked #1: Polymarket is arguably the most powerful prediction market in the world by volume, often handling more activity than any other platform. While its ranking was previously held back during a slow U.S. rollout phase, the official launch of its dedicated mobile app has cemented its top position.

Make no mistake, Polymarket is a true heavyweight in the prediction space. After securing a massive investment from the Intercontinental Exchange (the parent company of the New York Stock Exchange), the platform brings serious institutional credibility to the table. They also acquired a fully licensed CFTC exchange, meaning they now legally operate under strict federal regulation in the US. For traders looking for the widest possible range of prediction event contracts, this is often the first choice.

If Kalshi is the traditional bank of prediction sites, Polymarket operates more like a high-speed open network. It is famous for hosting markets on absolutely everything, from obscure pop culture debates to major economic indicators. Polymarket US runs separately from Polymarket's global, blockchain-based exchange. It's a CFTC-regulated US exchange where you can fund your account with a debit card, bank transfer, Apple Pay, PayPal, Venmo, wire, or USDC on iPhone, and every trade is made in US dollars. Its trading fees also run well below what traditional financial competitors charge.

Currently, the fully compliant Polymarket US platform operates exclusively as a mobile app. After months of throttling access via a massive waitlist to handle strict identity verification (KYC) requirements, the platform officially opened its doors to the American public in May 2026. You no longer have to wait behind a velvet rope or secure a referral link to get your account set up. Downloading the iOS or Android app grants you immediate access to an incredible depth of niche events and a premier trading environment directly from your phone. New users can enter Polymarket promo code WSN at sign-up to claim the welcome bonus.

» Read our Polymarket review to find out more.

💰Sign-up offer: Deposit $10 get a $25 Trading Bonus
🤩 Promo code: WSN
⚡ Payout Speed: Instant (via USDC) to 3 days (Fiat withdrawals)
💳 Payment Methods: Debit Card, Bank Transfer (ACH), Apple Pay, PayPal, Venmo, Wire Transfer, USDC (iPhone)
⭐ WSN Rating: 4.5/5
📱 Android User Rating: 1.8
🍎 iOS User Rating: 4.7
📜 Licensed in: 49 states & DC (not available in NV)

Claim your Polymarket Welcome Bonus

2. Kalshi Prediction Market

Why it’s Ranked #2: Kalshi sits behind Polymarket because it lacks Polymarket's crypto-native scale and market variety, but it stays ahead of Crypto.com and OG as the most established CFTC-regulated, cash-based exchange with the deepest liquidity of any dedicated exchange.

Kalshi is the first fully federally regulated prediction market approved by the CFTC, making it an incredibly safe and legitimate platform for US residents. While some alternative markets require complicated crypto setups to get started, Kalshi provides a seamless, cash based experience with incredible liquidity, consistently handling well over $1 billion in weekly trading volume.

When you compare Kalshi to other prediction market sites in the US, the difference is night and day. It completely bypasses the frustratingly low betting limits you will find on older sites like PredictIt, and it offers a much wider market catalog than the basic event contracts recently launched by brokerages like Robinhood.

By registering with the Kalshi promo code WSN, you get access to an app that perfectly bridges the gap between high finance and sports fandom. Thanks to their recent launch of NFL and NBA player props, you can trade CFTC-approved contracts on specific athlete outcomes, like touchdown scorers or total points, right next to the exact same markets where you trade on Fed interest rates, pop culture events, and election results.

» Find more details about Kalshi in our full Kalshi review.

💰 Sign-up offer: Trade $25 and Get $25
🤩 Promo code: WSN
⚡ Payout Speed: Instant to 3 days
💳 Payment Methods: ACH, Debit Card, Wire transfer, Crypto
⭐ WSN Rating: 4.3/5
📱 Android User Rating: 4.5
🍎 iOS User Rating: 4.7
📜 Licensed in: All 50 states & DC (sports contracts not offered in MI and NV; most non-financial contracts not offered in WA)

Claim your Kalshi Promo Code

3. Crypto.com Prediction Market

Why it’s Ranked #3: Crypto.com ranks ahead of OG and Underdog because it already runs a live, high-liquidity CFTC-regulated market paired with a full crypto exchange, but it trails Kalshi's cash-based liquidity and Polymarket's market breadth.

While primarily known as a massive cryptocurrency exchange, Crypto.com operates a robust, fully CFTC regulated prediction market for US customers. In the past, these features were buried deep within their complex crypto ecosystem, which frustrated casual users. However, they addressed this in 2026 by launching OG, a standalone sports-focused prediction app that runs on the same engine that makes trading on sports, elections, and pop culture incredibly straightforward without needing to navigate a crypto wallet.

Despite having a new mainstream app, the main Crypto.com platform lets you fund trades by converting crypto from your Crypto.com wallet to USD instantly with no conversion fees, and you don't need a Crypto.com promo code to join. Because their prediction tools sit directly alongside your actual crypto portfolio, you can actively protect your investments. For example, if you own a large amount of Bitcoin, you can easily buy a "No" contract on Bitcoin rising to offset any potential market dips. The platform also shines with its unique UpDown Options, which allow you to automatically exit a trade early if the price hits a predetermined ceiling or floor. This built-in risk management is a feature that almost every other prediction market completely lacks, giving traders a clear advantage when navigating highly volatile events.

» To find out more check our Crypto.com review.

💰 Sign-up offer: Get up to $50 in CRO
🤩 Promo code: No promo code required
⚡ Payout Speed: Up to 24 hours
💳 Payment Methods: ACH, Debit/Credit Card, Wire transfer, Crypto
⭐ WSN Rating: 4.3/5
📱 Android User Rating: 4.5
🍎 iOS User Rating: 4.7
📜 Licensed in: 48 states & DC (not available in AZ or NY; sports contracts not offered in IL, MA, MD, MI, NJ, NV, and OH)

Get up to $50 in CRO

4. Underdog Predict

Why it’s Ranked #4: Underdog Predict ranks below the dedicated exchanges because it's still building depth outside of sports and pop culture and lacks a desktop trading experience, but its DFS integration makes it the easiest fit for fantasy players.

Underdog is already a major player in daily fantasy contests, and its prediction platform is built directly into the Underdog Fantasy ecosystem. This integration provides incredible stability because the app is powered by the exact same reliable engine that millions of sports fans already use. By keeping these markets housed completely within its main app, Underdog has created a familiar, welcoming environment for users who want to trade on sports and pop culture without needing to learn a complex financial interface. Play $10 and get $50 in Bonus Entries when you use Underdog promo code WSNPLAY during sign-up.

We rank Underdog Predict slightly behind dedicated platforms like Crypto.com primarily because it is still building its market depth for non-sports events and currently lacks a full desktop trading experience. However, its setup is perfectly designed for the everyday sports fan. Unlike its purely financial competitors, Underdog actually allows you to combine your traditional fantasy entries with prediction market positions into singular combos. This hybrid approach lets you build completely unique strategies that standard prediction sites simply do not support.

Underdog remains the absolute best prediction market platform for casual traders who value simplicity and low-friction trading. Because it uses a straightforward flat fee structure, typically charging just two cents per contract upon purchase with no exit fees, and charges zero banking fees on deposits or withdrawals, you always know exactly what your trades will cost. This makes it the premier choice for users who want to focus on their sports and pop culture predictions without having to manage complicated variable fee schedules. Don't forget to use Underdog promo code WSNPLAY during sign-up to get your bonus.

» To find out more, check our Underdog Prediction review.

💰 Sign-up offer: Play $10, Get $50 in Bonus Entry
🤩 Promo code: WSNPLAY
⚡ Payout Speed: Instant to 3 days
💳 Payment Methods: Apple Pay, Trustly, Paysafe, Venmo, PayPal
⭐ WSN Rating: 4.3/5
📱 Android User Rating: 4.6
🍎 iOS User Rating: 4.8
📜 Licensed in: 46 states & DC (not available in AZ, MI, NV, or NY)

Sign up at Underdog

5. OG Prediction Market

Why it’s Ranked #5: OG ranks behind Underdog because it’s still building liquidity outside of sports and political markets, but it stands out for its sports focus, with props, parlays, and a social feed in one app.

OG is Crypto.com’s standalone prediction market app, launched in early 2026 to give its fast-growing event contracts business a dedicated home. It runs on Crypto.com | Derivatives North America (CDNA), the same CFTC-registered exchange behind Crypto.com’s own prediction markets, so you get the same federal oversight without the clutter of a full cryptocurrency app. Markets cover sports, politics, economics, and entertainment, with sports getting the most attention.

Where OG differs from the bigger exchanges is the social layer. You can share your predictions, follow other traders, and climb community leaderboards, and the sports board includes player props and parlays through its Build Parlay feature. The trade-off is execution: OG takes market orders only for now, with no limit orders, so every trade pays the taker fee. Crypto.com has announced margin trading for OG, but it still needs CFTC approval.

Use OG promo code WSN at sign-up to claim the welcome offer: trade $25, get $50 in rewards. Your qualifying trade has to be placed within 7 days of identity verification and settle inside that window, and only contracts priced under an 80% implied probability count. OG isn’t available in Arizona or New York.

» To find out more check our OG prediction market review.

💰 Sign-up offer: Trade $25 Get $50 in Rewards
🤩 Promo code: WSN
⚡ Payout Speed: 3 to 5 Days
💳 Payment Methods: PayPal, Apple Pay, Google Pay, Venmo, ACH, Debit Card, Wire, Plaid
⭐ WSN Rating: 4/5
📱 Android User Rating: 4.0
🍎 iOS User Rating: 4.2
📜 Licensed in: 48 states & DC (not available in AZ or NY)

6. Gemini Predictions

Why it’s Ranked #6: Gemini ranks behind OG because its sports inventory is thinner and liquidity drops off fast on niche markets, but it brings a transparent fee schedule, no maker fees through 2026, and 24/7 live chat.

Gemini is a cryptocurrency exchange that added prediction markets in 2025, and its affiliate, Gemini Titan, LLC, was designated by the CFTC as a Designated Contract Market in December 2025. Predictions sit inside the main Gemini app behind a dedicated Predict button, and you can also trade on desktop. Markets cover sports, politics, crypto, commodities, economics, technology, weather, and culture, with crypto price contracts running from five minutes to a month.

Fees follow a price-weighted formula: takers pay 7% and makers 1.75% of the contract’s fee base, so costs peak at 50¢. Maker fees are waived on eligible trades through December 31, 2026, and liquidity providers can earn rebates and rewards on top. Gemini added a combo builder in September, and its Contract Intelligence feature pulls together background on each event before you trade.

New users get a 50% trade match on pro football contracts, worth up to $100 in Predict Cash, with no promo code needed. Trade $200 in eligible pro football contracts priced between 20¢ and 80¢ to collect the full amount.

» To find out more check our Gemini prediction market review.

💰 Sign-up offer: 50% Trade Match up to $100
⚡ Payout Speed: 1 to 3 Business Days
💳 Payment Methods: ACH, Wire Transfer, PayPal
⭐ WSN Rating: 3.9/5
📱 Android User Rating: 4.0
🍎 iOS User Rating: 4.8
📜 Licensed in: All 50 states & DC

Sign up to Gemini Exchange

How We Rate Prediction Market Apps for Trading

Every platform on this page earns a score out of 5, calculated by averaging five factors we test firsthand. It is the same BetEdge method we use for sportsbooks and casinos, rebuilt for how event contracts work. Buying Yes or No shares is not placing a wager, so we dropped our standard betting metrics and scored the things that decide whether you keep your edge or hand it back.

Here are the five BetEdge factors for prediction markets, each scored out of 5:

• Markets & Liquidity: How many event contracts a platform lists and how deep the order books run. Thin liquidity traps your money and widens spreads, so we place live trades to measure how fast orders fill and how tight the Yes and No prices sit.

• Fees & Payouts: What each contract costs to open, close, and settle, plus the deposit methods and withdrawal speed. Prediction markets charge you directly instead of baking a vig into the odds, so a heavy fee schedule eats a winning strategy alive.

• User Experience: Interface quality and how quickly a new trader finds a market and places an order across mobile and desktop.

• Promotions & Bonuses: The welcome offer and ongoing promos, run through our EV calculator to expose the real cash value behind the headline number.

• Customer Support: Availability, response times, and whether the help actually solves the problem, tested across every channel a platform offers.

Two factors sit outside the score but decide whether a platform makes this page at all: regulation (we rank only CFTC-regulated exchanges and academic-exempt markets) and responsible trading tools. On every platform we rate, we deposit our own money, trade live, and test a withdrawal, spending a minimum of 12 hours across a full week before publishing, then revisiting each review monthly to keep the scores current.

What are Prediction Market Sites?

Think of a prediction market as a stock exchange for real-world events. Instead of dealing with traditional sportsbook odds, you are simply buying "Yes" or "No" shares on whether a specific outcome will happen. These shares are priced between one cent and 99 cents. If a share costs 60 cents, it means the market believes there is a 60 percent chance that the event will occur. If your prediction is right, every winning share pays out exactly $1. The biggest advantage is that you are never locked in. You can buy and sell your shares on an open market at any time before the event ends, allowing you to secure a profit early or cut your losses.

» Check our prediction market guides to learn more about prediction markets.

Where Prediction Market Regulation Stands

The short answer to are prediction markets legal in the US is yes, federally. The Commodity Futures Trading Commission (CFTC) regulates event contracts as financial derivatives, so prediction markets operate nationwide without a license in each state the way sportsbooks need one.

The states are where it gets complicated. As of October 26, 2026, state governments in 21 states are suing, issuing orders, or defending suits over prediction markets, arguing that sports contracts are bets under state law.

Where things stand as of October 26, 2026:

• Appeals courts are split - The Third Circuit sided with Kalshi in New Jersey, while the Ninth Circuit (Nevada) and Sixth Circuit (Ohio and Tennessee) sided with the states.

• Three petitions sit at the Supreme Court - New Jersey, Robinhood, and Crypto.com have each asked the Court to settle the question. Thirty-nine states, the NFL, and 145 tribes and tribal groups have urged the Court to take New Jersey's case, and responses are due in November.

• Three states have blocked prediction markets - Courts have ordered geofencing in Michigan, Nevada, and Washington. Ohio and Tennessee won at the Sixth Circuit, and Kalshi has asked the full court to rehear the case.

• Connecticut and Missouri ordered platforms to stop - Connecticut sent cease-and-desist orders to nine platforms in September, including Polymarket, Crypto.com, and Robinhood, and sued Kalshi in state court. Missouri ordered six platforms to stop, including Kalshi and Polymarket, and Crypto.com and Novig sued the state on Oct. 16.

• Massachusetts is blocked but paused - The state's injunction is on hold while its Supreme Judicial Court weighs the appeal.

• Minnesota's ban is on hold - A federal judge blocked the state's felony ban before it took effect.

• Utah won the first final ruling - A federal judge held that federal law does not override Utah's gambling ban, and Kalshi is appealing.

• New York is a flashpoint - The state sued Kalshi and Polymarket, while the CFTC ordered Kalshi to keep operating there.

• Iowa is testing a middle path - A federal judge refused in September to block Iowa from enforcing its gambling laws against Kalshi, and a Senate bill to license and tax prediction markets stalled in the House.

• The federal rulebook is still being written - The CFTC proposed a framework in June for deciding which contracts are allowed. On Oct. 9, it proposed defining sports and other event contracts as swaps and issued an interim rule stating that state-licensed sportsbook and casino wagers are not swaps. The interim rule took effect Oct. 19, while the June framework and the swap definition are still proposals, with comments on both swap rules due Nov. 18.

How to Sign Up and Start Trading on a Prediction Market App

The sign-up process is straightforward across the top prediction markets. Here’s how to register your new prediction market account in minutes:

1. Choose your platform: Use the tips above to select a prediction market site. Open the website or download the app, if applicable.

2. Register: Create an account with your chosen platform and enter your personal details. This typically includes your full name, address, date of birth, and contact information. If you have a signup code, for example the Kalshi bonus code WSN, enter it when prompted.

3. Verify: Secure, reputable platforms carry out account verification through Know Your Customer checks to confirm age, identity, and legitimate source of funds. You may be required to provide your Social Security Number or government ID.

4. Deposit: Read the payment policy if you haven’t already. Head to the cashier section and fill out your payment information as requested to make your first deposit.

5. Claim bonus: If your chosen platform offers a sign-up bonus, claim it. For example, Kalshi offers a trade $25 and get $25 when you use the promo code WSN.

6. Make your first trade: Browse the current and upcoming event contracts. Pick the predicted outcome you favor and buy your contract.

7. Monitor, adjust, sell: Check your predictions and adjust your position if necessary. Remember, you can sell event contracts at any time, not just when the event concludes.

List of All Prediction Market Sites and Apps in the US

Driven by major legal breakthroughs and soaring trading volumes, prediction markets have officially evolved from a niche financial corner into a mainstream alternative to traditional sportsbooks. With several major operators now live for real-money trading nationwide, platforms are aggressively competing for users by rolling out the best prediction market bonuses and welcome perks.

Before diving into your first event contract, here is an unranked overview of all the active prediction market platforms currently operating in the US, detailing how they stack up across their offerings, user experience, regulatory compliance, and market specialization.

If you are still undecided, we have a head-to-head comparison of the biggest prediction market apps in the US. You can check the actual differences to find the right prediction market for you.

Prediction Markets vs. Traditional Sportsbooks: Key Differences for Users

Prediction markets and traditional sportsbooks may look similar on the surface, but the mechanics behind the scenes are vastly different. Here is a quick breakdown of prediction markets vs. sportsbooks:

How Are Prediction Market Winnings Taxed?

One of the biggest and most overlooked perks of a regulated prediction market is how the IRS treats your money. Because the CFTC regulates sites like Kalshi as financial exchanges, they don't count as "gambling" platforms under the law. Our guide to gambling taxes explains how the sportsbook side is taxed.

Win a bet at a sportsbook and the IRS treats it as ordinary gambling income. Trade contracts on a regulated prediction market and those count as financial assets instead. So your profit is usually taxed as a short-term capital gain, reported on IRS Schedule D, just like day trading stocks.

A big sportsbook win comes with a W-2G gambling tax form. Prediction markets don't use W-2Gs. They track your profits and losses for the year and send you IRS Form 1099-B at tax time (or a 1099-MISC for academic sites like PredictIt).

This is where prediction markets pull ahead. Starting in 2026, the One Big Beautiful Bill Act tightened how sports bettors deduct losses. Recreational gamblers can now write off only 90% of their losses against winnings, and only if they itemize. That creates "phantom income." Win $10,000 and lose $10,000 in a year and you have broken even, yet you still owe tax on $1,000.

Prediction markets skip that penalty. Your trades are capital assets, so losing trades offset winning ones in full. You can apply 100% of your losses against your profits, and you don't have to itemize to do it. If your losses beat your gains for the year, you can even use up to $3,000 of the difference against your regular income.

Why You Should Trust Us

Since 2005, WSN has been a trusted voice in the betting industry. We built our reputation by mastering odds, probability, and market value. Now, our team of over 40 betting analysts and data experts applies that exact same discipline to the prediction market space.

We do not just rewrite marketing material. Here is the actual work that goes into our recommendations:

• Rigorous and authentic testing Having reviewed over 50 legal betting and trading platforms, we know exactly what a safe platform looks like. For every prediction site we rank, our team dedicates a minimum of 12 hours over a full week to exploring the app. We deposit our own money, execute live trades, and test the withdrawal process to ensure our reviews reflect a genuine user experience.

• A massive educational foundation Transitioning from traditional sports wagers to trading event contracts comes with a learning curve. We help bridge that gap with a comprehensive library of over 40 betting and trading guides, designed to teach you the mechanics of the market before you risk a single dollar.

• Prioritizing your financial safety Trading financial contracts always carries risk. To help you protect your bankroll, we maintain a dedicated responsible gambling center. It is fully stocked with 10 in-depth articles and videos focused specifically on helping you manage your money and trade safely.

• Community-backed ratings Our experts know the math, but we also rely on the wisdom of the crowd. We actively track feedback from our visitors, incorporating your real-world experiences with these prediction platforms directly into our final ratings.

Trading Responsibly and Managing Risk on Prediction Markets

Prediction markets aren't legally classified as gambling, but the money at risk is real, and so is the pull to keep trading. Because every platform on this list is CFTC-regulated, your funds are held to the same anti-fraud standards as a stock brokerage. That protects you from a platform collapsing or manipulating prices. It does nothing to protect you from a bad trading decision, and the constant price movement, real-time news reactions, and ability to buy and sell instantly can make event contracts feel a lot closer to sports betting than to long-term investing.

A few habits keep that risk in check:

• Set a trading budget before you start, not after. Decide what you can afford to lose in a week or a month, and treat that number as fixed. Don't fund a new deposit because a previous trade went against you.

• Size your positions. Putting your entire balance into a single contract, even one you feel certain about, removes any room for being wrong.

• Be extra careful with leverage. Margin trading multiplies losses exactly as fast as it multiplies gains. If you don't fully understand how a margin call works, skip it.

• Don't chase a loss. Doubling down on a worse price after a trade moves against you is the same instinct that drives problem gambling, whether or not the product is technically a "bet."

• Step back if trading starts affecting your mood, sleep, or finances outside the platform. Checking prices compulsively, hiding your activity, or trading with money set aside for bills are signs it's time to take a break.

The capital loss tax treatment covered earlier is a real financial advantage over traditional sportsbooks, but it's not a safety net. A trade that loses money is still money lost, deduction or not.

If prediction market trading stops feeling like a calculated decision and starts feeling compulsive, WSN's Responsible Gambling center can help you recognize the signs, and the National Council on Problem Gambling helpline (1-800-MY-RESET) is free, confidential, and there when you need to talk to someone.