Best Prediction Market Apps in the US (October 2026)

1

Polymarket

/5

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Pros

• Low $10 qualifying deposit requirement
• No qualifying trade before activation
• Multiple sports prediction markets available

Cons

• Bonus credits cannot be withdrawn
• New customers only; restrictions apply
• Trading carries potential financial losses

18+ only. New eligible US customers must register using a participating promo code and deposit at least $10. Trading credits cannot be withdrawn directly. Not available in NV; additional state and jurisdictional restrictions may apply. Identity verification is required. Trading involves risk, including possible total loss.

2

Kalshi

3/5

$55

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Pros

• $55 bonus for qualifying trades
• Multiple prediction market categories available
• Low $25 qualifying trade requirement

Cons

• Bonus credits cannot be withdrawn
• Several states excluded from promotion
• Bonus expires after seven days

New US customers aged 18+ only. Register using an eligible promotional code and complete $25 in qualifying trades. Bonus credits are non-withdrawable and may expire after seven days. Offer unavailable in AZ, IL, MA, MD, MI, MT, NV, OH and WA. Identity verification, eligibility checks and additional restrictions apply.

3

Novig

/5

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Pros

• Only $10 deposit required
• Five flexible $5 trade credits
• No additional playthrough requirement

Cons

• Credits expire after 30 days
• Credits cannot be withdrawn directly
• Unavailable in Arizona, Michigan, Nevada

Available to new Novig members aged 21+ who are physically located in an eligible US jurisdiction, complete identity verification, and deposit at least $10. Novig is unavailable while physically located in AZ, MI, or NV. Credits expire after 30 days, are non-withdrawable, and cannot be combined with other promotions.

4

Robinhood

3/5

$200 ( upto)

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Pros

• No minimum deposit specified
• Choose from eligible company stocks
• No wagering requirements apply

Cons

• Most customers receive only $5
• No dedicated prediction markets bonus
• Reward withdrawal restrictions apply

18+; US residents only. New individual taxable brokerage customers must receive account approval, link a bank or debit card, and claim rewards within 60 days. No specific state exclusions are listed for this stock offer. Shares become sellable after three trading days; cash withdrawals require 30 days. Restrictions apply.

5

Draftkings Sportsbook

5/5

$200

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Pros

• $200 bonus for $5 trade
• No promotional code entry required
• Multiple eligible prediction trading markets

Cons

• Bonus credits cannot be withdrawn
• Rewards require multiple manual claims
• Existing DraftKings customers generally excluded

18+; new DraftKings customers only. Excludes ME and NH, with additional market restrictions. First $5 cash-funded trade required. Receive $50 initially, then $50 on Days 7, 14 and 21; claim subsequent rewards within seven days. Credits expire after one year, cannot be withdrawn, and are limited to eligible jurisdictions.

6

FanDuel

5/5

$100

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Pros

• Low $1 daily qualifying trade
• Rewards credited within 72 hours
• Earn up to $100 total

Cons

• Bonus credits expire within 24 hours
• Bonus principal cannot be withdrawn

18+; new, verified users only in AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, UT. Excluded elsewhere. Deposit required; trade $1+ daily for five days. Credits expire after 24 hours and cannot be withdrawn.

7

OG

/5

$50

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Pros

• No direct signup code required
• Cumulative qualifying trades are accepted
• Sports and other markets qualify

Cons

• Half the reward requires boosted profits
• Trades must settle within seven days
• Contracts priced $0.80+ are excluded

18+; eligible new verified users only. Reported exclusions: AZ, NY; sports unavailable in IL, MA, MD, MI, NJ, NV, OH. Settle $25 in qualifying trades below $0.80 within seven days of verification. Reward-funded trades excluded. Receive a $25 coupon and subsequent boost capped at $25. Boost expires after seven days.

8

ProphetX

/5

$75

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Pros

• Multiple trades count toward qualification
• First installment arrives within 24 hours
• Qualifying trades need not win

Cons

• Full bonus takes 14 days
• Later payments require earlier credit usage
• Trades above $0.80 do not qualify

18+ or higher local minimum; new approved users only. NV excluded. Execute $50 in opening trades priced $0.80 or below within 30 days. Receive three $25 installments; fully use earlier credits before subsequent payment dates to unlock later installments. Credits expire 45 days after receipt. Additional location restrictions may apply.

Best prediction market apps by category

• Best overall: Kalshi
• Best for beginners and market variety: Polymarket
• Best for sports and widest state availability: ProphetX
• Best for low-fee sports pricing: Novig
• Best for sportsbook users: FanDuel Predicts
• Best for pop culture and awards markets: Fanatics Markets
• Best for investors: Robinhood
• Best for crypto users: Gemini

Top 13 prediction market apps compared

*Availability checked October 15–16, 2026, and it changes often. Always confirm eligibility in the app before you deposit. All offers are for new users only and terms apply. Bonus funds can only be used for trades and can’t be withdrawn as cash.

Prediction market apps: key facts

What is a prediction market app?

A prediction market app is a mobile exchange where you buy and sell “Yes” or “No” contracts on real-world events, like a game result, an election or an economic data release. Each contract costs between $0.01 and $0.99. That price is the market’s estimate of how likely the outcome is. If you’re right, each contract settles at $1.

Unlike a sportsbook, the app doesn’t set the odds or take the other side of your position. Your order is matched with another trader who holds the opposite view, and prices move with supply and demand. That’s why prediction markets are available in many states where online sports betting isn’t legal: they’re regulated federally as financial derivatives, not as state-licensed gambling.

How prediction market pricing works: a worked example

Say an NFL market prices the Rams at 70¢ and the Lions at 30¢:

1. Buy 10 Rams “Yes” contracts at 70¢. You pay $7.00.
2. If the Rams win, each contract settles at $1. You get back $10.00, a $3.00 gain before fees.
3. If the Lions win, your contracts settle at $0 and you lose the $7.00.
4. Sell early. You don’t have to hold until the end. If the Rams’ price rises to 85¢ mid-game, you can sell and lock in the difference.

A price of 70¢ means the market thinks there’s roughly a 70% chance. You’re looking for spots where you think the real probability differs from the price.

How we rank the best prediction market apps

We check every app on this page against the same six criteria. Rankings are reviewed monthly, and whenever a major operator, law or offer changes.

1. Regulation. Is the exchange CFTC-registered, either directly or through a CFTC-regulated partner? Unregulated platforms aren’t ranked.
2. State availability. Where can you open an account, and are sports contracts available there? Those two answers are often different.
3. Market range. How many categories you can trade: sports, politics, economics, crypto, culture, weather and more.
4. Liquidity and fill quality. Are there enough orders near the displayed price to get in and out without slippage?
5. App experience. Sign-up speed, how many taps a trade takes, live P&L tracking, exiting positions, notifications, and App Store and Google Play ratings.
6. Fees, banking and support. How fees are calculated, deposit and withdrawal methods, payout speed, and whether you can reach a real person.

Welcome offers are listed for each app, but they don’t decide the ranking. A big bonus on a thin market costs you more than it gives you.

Best prediction market apps reviewed

1. Kalshi – Best prediction market app overall

Kalshi is the biggest regulated prediction market in the US and the easiest to recommend as a single app. It runs as a CFTC-regulated exchange and clearinghouse. Its order books are the deepest of any app we compare, especially for NFL, NBA, MLB and NHL markets, so you’re more likely to get filled at or near the price on screen.

Kalshi has many more ratings than any other app here, with hundreds of thousands of App Store reviews and more than 100,000 on Google Play, and it still holds above 4.5 on both. The app shows your current price, live P&L and early-exit value without hunting through menus. Serious traders can use Kalshi Pro for advanced order types.

Kalshi

3/5

$55

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Pros

• $55 bonus for qualifying trades
• Multiple prediction market categories available
• Low $25 qualifying trade requirement

Cons

• Bonus credits cannot be withdrawn
• Several states excluded from promotion
• Bonus expires after seven days

New US customers aged 18+ only. Register using an eligible promotional code and complete $25 in qualifying trades. Bonus credits are non-withdrawable and may expire after seven days. Offer unavailable in AZ, IL, MA, MD, MI, MT, NV, OH and WA. Identity verification, eligibility checks and additional restrictions apply.

The trade-off is a steeper first hour. Kalshi shows more order controls and fee detail up front than Polymarket, which suits experienced users but can feel busy if you’ve never used an exchange. Kalshi is also fighting state challenges, including a September 2026 Sixth Circuit ruling against it.

Pros

• Deepest liquidity in US prediction markets
• Wide market range across sports and non-sports events
• Full desktop platform as well as the app
• Referral program after sign-up

Cons

• Fee structure takes some learning
• Not available in nine states, including Ohio, Michigan and Illinois

Best for: Anyone who wants one app with deep sports markets plus politics, economics and culture.

18+. New users only. Deposit $10+, then trade $25+ in event contracts within 7 days. Bonus funds can’t be withdrawn and must be used for trades. Terms apply.

2. Polymarket – Best for beginners and market variety

Polymarket is the world’s best-known prediction market. It came back to US users in early 2026 after acquiring a CFTC-licensed exchange in 2025. Its US product is built around the mobile app, and that shows: it takes fewer steps to go from a market page to an open position than any other app here, and prices read clearly as probabilities.

You don’t give up range for that simplicity. Polymarket’s 17 categories are the widest board of any US app, and its non-sports markets (elections, macro data, crypto prices, culture) have strong activity. The welcome offer is one of the simplest around: deposit $10 and get a $25 trading bonus, with no qualifying trade needed.

Polymarket

/5

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Pros

• Low $10 qualifying deposit requirement
• No qualifying trade before activation
• Multiple sports prediction markets available

Cons

• Bonus credits cannot be withdrawn
• New customers only; restrictions apply
• Trading carries potential financial losses

18+ only. New eligible US customers must register using a participating promo code and deposit at least $10. Trading credits cannot be withdrawn directly. Not available in NV; additional state and jurisdictional restrictions may apply. Identity verification is required. Trading involves risk, including possible total loss.

Two things to know. Trades settle in USDC (a dollar-pegged stablecoin), and you withdraw through a crypto wallet, which takes some setup if you don’t use crypto. Android ratings also lag behind iOS. In October 2026, Polymarket added voluntary deposit limits and self-exclusion periods, which is a good sign for player protection.

Pros

• Easiest app for a first trade
• Widest category range in the US
• Simple deposit-based welcome offer
• Strong liquidity on popular and trending markets

Cons

• Withdrawals go through a crypto wallet
• Android app trails the iOS version

Best for: First-time traders, and anyone who wants sports and non-sports markets in one simple app.

18+. New users only. Deposit $10+ to receive a $25 trading bonus. Bonus funds can’t be withdrawn and must be used for trades. Terms apply.

3. ProphetX – Best for sports specialists and widest availability

ProphetX has run a peer-to-peer sports exchange since 2018. It became a fully regulated prediction market in June 2026, when the CFTC registered it as a Designated Contract Market. It now reaches more states than any other app on this list, which makes it the default choice if Kalshi and Polymarket aren’t available where you live.

ProphetX goes deep on sports rather than wide. You’ll find player props, futures and live in-game markets. Its Request-for-Quote system builds and prices same-game parlays quickly, and parlay net gains carry no trading fee. The app shows the order book, so you can see how much size sits at each price before you submit.

ProphetX

/5

$75

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Pros

• Multiple trades count toward qualification
• First installment arrives within 24 hours
• Qualifying trades need not win

Cons

• Full bonus takes 14 days
• Later payments require earlier credit usage
• Trades above $0.80 do not qualify

18+ or higher local minimum; new approved users only. NV excluded. Execute $50 in opening trades priced $0.80 or below within 30 days. Receive three $25 installments; fully use earlier credits before subsequent payment dates to unlock later installments. Credits expire 45 days after receipt. Additional location restrictions may apply.

There are no politics, crypto or economics markets, and liquidity thins out away from major games. Ohio sent ProphetX a cease-and-desist notice in October 2026, so check your state’s status before you deposit.

Pros

• Widest state availability of any app here
• Strong parlay tools with no fee on parlay net gains
• Order book visible in the app
• No limits on winning traders

Cons

• Sports only
• 2% fee on straight-trade net gains
• Thinner liquidity on niche markets

Best for: Sports traders who want props, live markets and parlays, especially in states the bigger apps don’t cover.

18+. New users only. Trade $50+ within 30 days to receive $75 in bonus funds, paid as three $25 increments. Unused bonus funds expire 45 days after receipt and can’t be withdrawn. Terms apply.

4. Novig – Best for low-fee sports pricing

Novig became a fully regulated, nationwide prediction market in August 2026. That ended its old dual model with sweepstakes coins, and the app is simpler for it. The pitch is in the name: there’s no sportsbook-style margin built into pregame straight markets, and those trades carry no fee for makers or takers.

If you trade sports and care about price, that matters. Over a season, avoiding a few cents per contract adds up. Novig also runs daily rewards, challenges and Novig Points. Its welcome offer gives one of the best bonus-to-deposit ratios on this page, since you don’t have to place a trade to receive the credits.

Novig

/5

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Pros

• Only $10 deposit required
• Five flexible $5 trade credits
• No additional playthrough requirement

Cons

• Credits expire after 30 days
• Credits cannot be withdrawn directly
• Unavailable in Arizona, Michigan, Nevada

Available to new Novig members aged 21+ who are physically located in an eligible US jurisdiction, complete identity verification, and deposit at least $10. Novig is unavailable while physically located in AZ, MI, or NV. Credits expire after 30 days, are non-withdrawable, and cannot be combined with other promotions.

The limits are range and depth. Novig covers only sports, and liquidity drops off outside headline games. Some recent Android reviews mention freezing.

Pros

• No fee on pregame straight trades
• Good value welcome offer
• Daily rewards and challenges

Cons

• Sports only
• Thin liquidity on less popular markets
• Fewer payment options than the leaders

Best for: Price-conscious sports traders who don’t need non-sports markets.

21+. New users only. First deposit of $10+ to receive $50 in trade credits. Trade credits can’t be split across trades or used on make orders. Market and pricing restrictions apply. Terms apply.

5. FanDuel Predicts – Best for sportsbook users

FanDuel Predicts launched in December 2025 in partnership with CME Group, one of the world’s largest derivatives exchanges. If you’ve used FanDuel Sportsbook or FanDuel Fantasy, the app will feel familiar from the first tap. Existing customers can log in with their current credentials, and the app includes built-in learning tools for newcomers.

FanDuel

5/5

$100

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Pros

• Low $1 daily qualifying trade
• Rewards credited within 72 hours
• Earn up to $100 total

Cons

• Bonus credits expire within 24 hours
• Bonus principal cannot be withdrawn

18+; new, verified users only in AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, UT. Excluded elsewhere. Deposit required; trade $1+ daily for five days. Credits expire after 24 hours and cannot be withdrawn.

The catch is that sports contracts, and the welcome offer, are only available in the 18 states where FanDuel Sportsbook doesn’t operate. Everywhere else, you’ll see finance, commodities and culture markets but no sports. The 2% fee is shown before you confirm a trade.

Pros

• Familiar, polished interface
• Low entry point for the welcome offer
• Account access in every state

Cons

• Sports markets and bonus only in 18 states
• Narrower market range than Kalshi or Polymarket
• Daily bonus funds expire after 24 hours

Best for: FanDuel customers in one of the 18 sports-eligible states.

18+. New users in eligible states only. Deposit $5+, then trade $1+ each day for 5 consecutive days to receive $20 in bonus funds per day. Bonus funds expire 24 hours after receipt and can’t be withdrawn. Terms apply.

6. DraftKings Predictions – Best for existing DraftKings users

DraftKings launched a standalone predictions app in December 2025. If you already have a DraftKings account, you can log in and start trading straight away. The design follows DraftKings’ sportsbook app closely, and reviewers often praise how intuitive it feels, with in-game live tracking. Like FanDuel, DraftKings limits sports contracts to states where its sportsbook doesn’t operate.

Draftkings Sportsbook

5/5

$200

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Pros

• $200 bonus for $5 trade
• No promotional code entry required
• Multiple eligible prediction trading markets

Cons

• Bonus credits cannot be withdrawn
• Rewards require multiple manual claims
• Existing DraftKings customers generally excluded

18+; new DraftKings customers only. Excludes ME and NH, with additional market restrictions. First $5 cash-funded trade required. Receive $50 initially, then $50 on Days 7, 14 and 21; claim subsequent rewards within seven days. Credits expire after one year, cannot be withdrawn, and are limited to eligible jurisdictions.

Pros

• Familiar UX · Single login for DK users
• High iOS rating

Cons

• Sports contracts limited by state
• Smaller market range than the leaders

18+ (21+ in some states). New DraftKings customers only, one per customer. Not available in Maine or New Hampshire. Deposit $5+ and make a first trade of $5+ to receive $150 in Predictions Dollars, paid as $50 every 7 days over 21 days. Each $50 must be claimed within 7 days. Bonus funds can’t be withdrawn. Terms apply.

7. Fanatics Markets – Best for pop culture and awards markets

Fanatics Markets launched in December 2025 on a CFTC-regulated partner exchange. You’ll need a Fanatics ONE account, which links to FanCash rewards across the Fanatics ecosystem.

It stands out for awards-show coverage (Oscars, Grammys, Emmys) and has a well-built Help Center. Deposits are limited to online banking, debit cards and Apple Pay, and withdrawals under $1,000 go by online banking only.

Pros

• Strong culture and awards markets
• Large trade-match offer
• Clear help resources

Cons

• Limited payment methods
• Fewer states than the leaders

18+. New users only. Trade match paid as FanCash over 14 days. Terms apply.

8. Robinhood – Best for investors

Robinhood added prediction markets in late 2024 and runs them on Kalshi’s exchange, so you get the same markets and liquidity inside an app you may already use for stocks and crypto.

Robinhood

3/5

$200 ( upto)

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Pros

• No minimum deposit specified
• Choose from eligible company stocks
• No wagering requirements apply

Cons

• Most customers receive only $5
• No dedicated prediction markets bonus
• Reward withdrawal restrictions apply

18+; US residents only. New individual taxable brokerage customers must receive account approval, link a bank or debit card, and claim rewards within 60 days. No specific state exclusions are listed for this stock offer. Shares become sellable after three trading days; cash withdrawals require 30 days. Restrictions apply.

There’s nothing new to download. Event contracts are only available in the mobile app, there are no sports player props, and the sign-up reward is a single stock rather than trading credit.

Pros

• Kalshi liquidity
• Stocks and predictions in one app
• Lower fees for Gold members

Cons

• Weak welcome offer
• No player props
• No desktop trading for event contracts

9. Underdog – Best mobile-first sports app

Underdog brings its well-reviewed DFS app design to prediction markets and works with several regulated exchange partners. It’s quick, sports-focused and backed by 24/7 support. Liquidity is still building, and Underdog received cease-and-desist notices from Ohio and Missouri in 2026, so check that it’s available in your state.

Pros

• Polished mobile app
• Fast withdrawals
• 24/7 support

Cons

• Lower liquidity
• Restricted in some states

18+ (19+ in AL and NE; 21+ in AZ, MA and VA). New users only. Ten $10 bonus entries, one per day for 10 days. Terms apply.

10. OG – Best for live sports trading

OG launched on February 3, 2026. It adds a social layer that other apps lack: in-app community chat, leaderboards and a feed of other traders’ activity. Live player-prop trading is smooth. Because OG’s books are smaller, prices can sit well above or below Kalshi’s, so compare before you trade. You can deposit by ACH, PayPal, Venmo, wire, or Apple and Google Pay, but withdrawals are ACH only.

Pros

• Strong live markets
• Social features
• Wide deposit options

Cons

• Volatile pricing
• ACH-only withdrawals
• Limited support

11. Gemini – Best first-trade match

Gemini Predictions went live in December 2025 inside the Gemini crypto exchange. A dual pricing view shows your potential return at a glance, and there are no trade caps beyond available liquidity. Fees are slightly higher than some rivals, niche markets are thin, and customer support is slow.

Pros

• Nationwide access
• No trade caps
• Clear pricing view

Cons

• Higher fees
• Slow support

New users only. Predict Cash can’t be withdrawn or transferred. Terms apply.

12. Plus500 – Best for low commissions

Plus500 is a publicly traded fintech brand, and its prediction contracts are cleared through Kalshi Klear LLC. That means Kalshi’s market range at low commissions. It’s newer and less focused on sports than the leaders.

Pros

• Low commissions
• Established, listed company

Cons

• New to prediction markets
• Lighter sports focus

18+ (21+ where required). New users only. First trade of $10+. Bonus funds can’t be withdrawn or transferred. Terms apply.

13. Onyx – Best for social sports predictions

Onyx moved from social sweepstakes to a CFTC-registered prediction market, launching in nine states with a fully rebuilt app. The welcome offer is strong for the deposit, but availability is the narrowest on this list.

Pros

• Generous offer
• Rebuilt mobile app

Cons

• Only 9 states

Other options: Coinbase and Sleeper Markets also offer event contracts. Sleeper uses Kalshi’s markets inside its DFS app.

Prediction market app fees compared

Fees vary more than most people expect. They can depend on contract price, whether you add or take liquidity, whether the market is live, and whether you’re trading a straight contract or a parlay.

Tip: The listed fee isn’t your full cost. On a thin market, a large order can fill across several price levels. If you see 58¢ but your 1,000-contract order averages 59¢, that’s $10 of slippage on top of the fee. Check the order book before any sizeable trade.

Prediction market app ratings: App Store vs Google Play

Ratings checked October 15, 2026, and they change often. Kalshi has the largest review sample by a wide margin.

Best prediction market app for iPhone: Kalshi. It holds 4.8 from the largest number of reviews of any app in the category. Best prediction market app for Android: Kalshi (4.7). FanDuel Predicts (4.6) is a close second if you’re in a sports-eligible state.

Are prediction market apps legal in the US?

Yes. Prediction market apps are legal in most of the US because they’re regulated federally by the CFTC as event contracts, not by state gambling laws. Every app ranked on this page operates through a CFTC-registered exchange, either directly or through a regulated partner.

That said, the legal picture is moving fast. Several states argue that sports event contracts are unlicensed sports betting:

• Nevada has blocked the major apps, and its regulator treats sports event contracts as unlawful wagering unless they’re licensed.
• Ohio sent cease-and-desist notices to ten prediction market companies in October 2026, including Polymarket, Novig, Underdog and ProphetX.
• Missouri’s Attorney General issued cease-and-desist notices to six operators in September 2026, including Kalshi, Polymarket, Robinhood, Underdog and Novig.
• New York sued Polymarket in September 2026, and the Sixth Circuit ruled against Kalshi on state gambling law that same month.
• Michigan: Coinbase stopped offering sports event contracts there on October 10, 2026.

The practical upshot: an app can be available in your state for politics or economics but not for sports, and that can change at short notice. Always check eligibility in the app before you deposit or claim an offer.

What states have prediction market apps?

Prediction markets are available in most states plus Washington, DC. ProphetX has the widest footprint (about 48 states), followed by Novig (46+ states + DC) and Kalshi and Polymarket (41 states + DC each). Nevada is excluded across the board. Arizona, Illinois, Maryland, Massachusetts, Michigan, Montana, Ohio and Washington are the most common gaps for the two biggest apps.

Prediction market apps vs sportsbooks

How to sign up for a prediction market app

1. Pick an app from the table above that’s available in your state.
2. Download it from the App Store or Google Play using our links.
3. Create an account with your email, phone number and a password.
4. Verify your identity with your full name, address, date of birth and the last four digits of your SSN. Some apps also ask for photo ID.
5. Claim the welcome offer. It’s claimed or auto-applied when you sign up via our link.
6. Make a deposit by debit card, bank transfer (ACH), Apple Pay, Google Pay, PayPal or crypto, depending on the app.
7. Choose a market and buy a “Yes” or “No” contract at the current price.
8. Track or exit your position any time before settlement, then withdraw winnings with a supported method.

What can you trade on prediction market apps?

• Sports: NFL, NBA, MLB, NHL, WNBA, soccer, UFC, golf and tennis, including game winners, player props, futures and live in-game markets
• Politics: Election results, party nominees, legislation, appointments
• Economics: Fed rate decisions, inflation (CPI), jobs reports, gas prices
• Financials and crypto: Index levels, Bitcoin and Ethereum price ranges
• Culture: Oscars, Grammys, Emmys, box office, chart positions
• Weather and climate: Temperatures, rainfall and hurricane activity in major cities
• Tech: AI model releases, product launches, company milestones
• Mentions: Whether a word or name is said during a speech or broadcast

How to choose the best prediction market app for you

Our advice: Many experienced traders hold two accounts, one broad app (Kalshi or Polymarket) and one sports specialist (ProphetX or Novig), and compare prices on the same event before trading. Claim one welcome offer at a time so you can judge which app you actually prefer.

Pros and cons of prediction market apps

Pros

• Available in most US states, including many without legal sports betting
• Federally regulated by the CFTC
• Prices are set by users, not a house margin
• Sell your position any time before settlement
• Markets well beyond sports

Cons

• Learning curve if you’re new to exchanges
• Thin liquidity outside headline markets
• Some apps require a crypto wallet
• Ongoing state legal challenges can change availability quickly

Responsible trading on prediction market apps

Event contracts involve real money and real risk. You can lose your full stake on any trade. Treat prediction markets as entertainment, never as a source of income or a way to solve money problems.

• Set deposit limits. Most apps, including Kalshi and Polymarket, let you cap deposits.
• Use cool-off and self-exclusion tools if trading stops being fun.
• Only trade what you can afford to lose, and never chase losses.
• Stick to markets you understand, and start with small positions.

Gambling problem? Call 1-800-GAMBLER (1-800-426-2537) or the National Problem Gambling Helpline at 1-800-522-4700, available 24/7. Many states run their own helplines too.

Best prediction market apps FAQs