Best Prediction Market Apps | How to, Where and Benefits

The best prediction market platforms offer a diverse range of markets to choose from. They attract a good deal of trading volume for many of their offerings. This provides liquidity for users and the flexibility to buy and sell in response to new developments. For 2025, Kalshi, Polymarket, PredictIt, and Crypto.com are among the leading event trading apps.

Interest in prediction market platforms continues to soar. There’s a growing list of options to choose from, but not all platforms are created equal. Beyond trading and available markets, key items to consider include platform accessibility, usability, and regulatory status. On this page, we help you compare and choose the best prediction market platforms in 2025.

List of all prediction market betting apps

Operator	Owner	Restricted states
Kalshi	Private (Tarek Mansour, CEO and co-founder. Luana Lopes Lara, COO and co-founder).	None
Robinhood	Public (NASDAQ: HOOD)	NJ
Polymarket	Private (Shayne Coplan, Founder and CEO)	Not available in US
PredictIt	Private (Victoria University of Wellington, with support from Aristotlle, Inc.)	None
ForecastEx	Public (Wholly owned subsidiary of Interactive Brokers Group, Inc – Nasdaq: IBKR)	None
Manifold	Private (Founders: Austin Chen, James Grugett, Stephen Grugett)	DE, ID, MI, and WA
Drift Bet	Private (Cindy Leow and David Lu, co-founders).	None
Metaculus	Private (Founders: Anthony Aguirre, Max Wainwright, Greg Laughlin)	None
Crypto.com	Private (Operated by operated by Foris DAX Asia)	None

Kalshi

Kalshi has been at the forefront of the explosive growth in prediction market interest. Launched in 2021, the platform has surged in popularity and offers trading on a wide variety of markets. Kalshi attracted an extensive amount of volume for the 2024 US elections. The platform received another spike in interest with the introduction of sports contracts in early 2025.

Kalshi is regulated and registered with the Commodity Futures Trading Commission (CFTC). However, six states – NJ, NV, OH, IL, MD, and MT – have issued cease-and-desist letters, expressing concerns that the platform was promoting unregulated gambling. There’s also an ongoing legal dispute with the CFTC over its offering of political and sports contracts.

Pro: High liquidity and extensive market coverage
Con: State pushback and ongoing legal challenges

Polymarket

Polymarket offers diverse market coverage. Beyond specific outcomes like election results or the winner of a sports championship, the platform offers trading on a wide range of questions. For example, current available markets include the price of Bitcoin on a specified date, what will be the highest-grossing movie of the year, and when a sale of TikTok may be announced.

This is a decentralized platform that works on blockchain technology, with event outcomes resolved transparently. Polymarket requires a crypto wallet and USDC stablecoin, making it best suited for users familiar with digital assets. Polymarket is not available to US users due to regulatory restrictions, but it has seen high global adoption and trading volume.

Pro: Diverse market coverage and extensive global user base
Con: Not available in the US, while funding is primarily with cryptocurrencies

PredictIt

PredictIt is solely focused on prediction markets for political events. Launched in 2014 by Victoria University of Wellington, the New Zealand-based platform operates as a non-profit. It has strict limits in place, permitting it to operate for academic purposes. However, there is ongoing legal wrangling with the CFTC, resulting in uncertainty about continued operations.

The maximum investment per contract is $850. The total number of traders in any particular contract is capped at 5,000. During our review, there were three main categories for users to consider: Trump Administration, Elections, and Congress. Traders can purchase “yes” or “no” shares at prices ranging from $0.01 to $0.99, with settlement of correct choices set at $1.

Pro: Trusted resource for political forecasting
Con: Investment cap and limited markets

Crypto.com

Crypto.com is a Singapore-based cryptocurrency exchange. It’s a popular destination for traders with an estimated user base of over 140 million. Beyond cryptocurrency trading, the platform also offers CFTC-regulated crypto options and derivatives. Payments are accepted via ACH and wire, plus Apple Pay and Google Pay.

In late 2024, the platform expanded its offerings to include sports prediction markets, such as which team will win the NBA Finals. Similar to what happened with Kalshi, pushback at the state level has followed, while legal wrangling with the CFTC continues. The ultimate decision from the CFTC on sports contract legality is pending but expected to happen in the first half of 2025.

Pro: Large existing user base and expansion into sports prediction markets
Con: Ongoing regulatory uncertainty and state pushback

Other prediction market sites on the market

While interest continues to soar, prediction market platforms remain in their infancy. Big players such as Kalshi and Crypto.com continue to capture the headlines and are also dealing with increased scrutiny as a result. Meanwhile, other platforms remain in niche territory while attempting to gain a foothold. Some of the other up-and-coming names to know include:

Manifold: Community-driven social prediction platform that uses virtual currency, which is available to be donated for free or redeemed for a fee.
ForecastEx: A product of Interactive Brokers and registered with the CFTC, contracts must be fully secured with cash prior to bid acceptance
Drift Bet: Users can trade on various real-world events. Choose from over 30 cryptocurrencies for funding and earn redeemable rewards.
Augur: A decentralized blockchain platform on the Ethereum network where participants can make predictions on real-world events.
Hedgehog Markets: Operating on Solana with an Automated Market Maker, Hedgehog is exploring innovations such as pooled predictions.
Metaculus: A community-driven forecasting platform that aims for aggregated predictions, as opposed to forecasting with a financial incentive attached.
Projection Finance: Also blockchain-based on Ethereum, Projection Finance uses liquidity pools to deliver better odds and more efficiency.
SanR.app: Another decentralized platform on Ethereum, SanR aims to ensure transparency by integrating social finance concepts.

Many of the smaller prediction market players are focused on blockchain and decentralization. Meanwhile, Kalshi is among those that are more readily accessible for casual players, and is seeing much larger adoption rates as a result. Moving forward, it’ll be interesting to see which platforms emerge and provide stiffer competition for users and market volume.

Comparing the top prediction markets

Here’s a side-by-side comparison of the best prediction market platforms for 2025.

Platform	Availability	Markets & Features	Banking, Fees, and Limits	Support Options
Kalshi	Web, mobile app	Wide variety of markets with high liquidity. Sports, politics, economics, weather, and more.	-ACH, wire transfer, debit card, USDC stable coin-Typical trading fee of 2% per contract.-$25,000 max position for most markets.	Email support, FAQs, and Help menu
Polymarket	Web, mobile-friendly	Popular global platform, not available for US users. Active and liquid markets across sports, politics, crypto, and more.	-USDC cryptocurrency-2% fee on net profits-No listed trading size limits	Email, Chat, FAQs, and Help Menu
PredictIt	Web, mobile-friendly	Exclusive focus on US political markets. Operates as a non-profit for academic purposes.	-ACH transfer, debit/credit cards-$850 maximum investment per contract. -5,000 cap for traders in any particular contract-10% fee on profits from winning trades-5% withdrawal fee	Email support, FAQs, and Help menu
Crypto.com	Web, mobile app	Global cryptocurrency exchange. Offers markets and contracts for sports, crypto, US events, and more.	-Cryptocurrencies, bank transfer, debit/credit cards-Fees and limits vary by market and product-Sports contracts limited to 2,500 open positions	Email, Chat, FAQs, and Help Menu

For liquidity and variety of markets, Kalshi and Polymarket are the current leaders. If you’re interested in trading on Kalshi, you have more banking options to consider, while Polymarket users are limited to cryptocurrencies.

Fees vary across the top options, with PredictIt currently charging the most. Add in the fact that the platform is for US politics only, it may not be the best fit for all. Crypto.com has also been expanding its reach with sports contracts, and there could be more to come.

Before deciding where you want to try your hand with prediction markets, take the time to review the available markets. Naturally, you’ll want to lean toward those that have the most contracts for things that you’re into, as well as a good deal of volume to make trading smoother.

Next, consider the available banking methods, fees, limits, and customer support options, all of which should align with your personal preferences. For those new to prediction markets, you can certainly try out more than one platform to find the best possible fit for you.

How to get started with prediction market apps

You can get started with prediction market platforms quickly and easily by using the steps below as a guide.

Pick your platform. Details on the best options for 2025 are here on this page.
Understand the ins and outs of trading on the platform, as well as any associated fees.
Register for an account and verify your identity.
Choose your preferred method and add funds to your account.
Browse the available markets, decide your position, and process your trade.

There are two important notes to keep in mind. First, you may be asked to verify your identity as part of the registration process, such as via a government-issued photo ID or a passport. Second, some platforms are cryptocurrency only. Be sure to choose the option that works best for you prior to taking the time to register for a new prediction market platform account.

What we’re watching

At the top of the list are pending regulatory developments, both at the federal and state levels. Will we finally get answers from the CFTC and the resolution of ongoing disputes? What will be the result of the continuing state pushback? Will platforms be forced to exit markets or receive a green light to continue operations?

Much is hinging on the answers to those questions, so we’ll have to take a wait-and-see approach. If it’s a favorable outcome, we’ll keep our eyes out for expanded offerings from the existing players, and perhaps some new competition to enter the scene. It has already been an eventful year for prediction markets. We can safely say there’s still much more to come.

🇺🇸 Best Prediction Market Betting Apps

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