Every US prediction market platform in one place — Kalshi, Polymarket, ForecastEx, FanDuel, DraftKings, Robinhood, Coinbase, PrizePicks, OG Predictions, and mor
Last updated: March 2026
Every regulated prediction market platform available to US traders — organized by regulatory tier. New to prediction markets? Learn how it works or get started with our beginner guide. The industry processed $5.9B in weekly volume (week of March 2–8, 2026, per Dune Analytics data).
Directory source checks
This directory is a comparison map, not a trading recommendation. Verify live platform pages, fee schedules, access rules, and market rulebooks before funding an account or comparing prices.
Start with official platform docs, help centers, status pages, rulebooks, and regulator records before relying on summaries.
Why it matters: Platform availability, fees, and rule language can change faster than directory pages or social summaries.
Use last-checked labels as freshness cues, not as proof that every market or product line is still available right now.
Why it matters: A platform can pause a market, change an app rollout, or update a support page after a comparison table was last reviewed.
Verify the current fee schedule and the specific market category before comparing a displayed price across venues.
Why it matters: Fees, spreads, rebates, and market-specific schedules can turn a visible price edge into a worse executed cost.
Separate U.S. access, state restrictions, app-wrapper access, account eligibility, and venue-specific onboarding.
Why it matters: A platform can be legally regulated while a specific user, state, app wrapper, or market category is not currently eligible.
Read the market rulebook, settlement source, oracle or dispute process, and payout path before comparing prices.
Why it matters: Two markets with similar headlines may settle from different sources or at different times, so the prices are not automatically interchangeable.
Identify whether the user is dealing with a direct exchange venue, broker/app wrapper, routing partner, or sports-first surface.
Why it matters: The visible app may not be the venue that lists, routes, clears, or settles the contract.
Platforms that operate their own CFTC-licensed Designated Contract Market (DCM). These carry the highest regulatory bar and the most investor protections.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Consumer apps and brokerages that distribute prediction market contracts through a licensed exchange partner (Kalshi, CME, or CDNA). No separate CFTC DCM of their own.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Platforms whose primary focus is sports event contracts. Some operate under CFTC regulation; others are in transition or use a sweepstakes model.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Verify live fees, access, market rules, and venue role before funding or trading.
Platforms focused on forecasting research, reputation tracking, or play-money prediction markets. Note: PredictIt is a real-money platform that operates under a CFTC no-action letter — it involves actual financial risk and is subject to CFTC oversight. The other platforms in this tier (IEM, Manifold, Metaculus) are non-monetary or play-money and are not subject to CFTC regulation.
Verify live fees, access, market rules, and venue role before funding or trading.
The Iowa Electronic Markets is an academic research and teaching initiative operated by the University of Iowa Tippie College of Business. It operates under a CFTC no-action letter and focuses on political election markets, primarily for research purposes. Not designed for retail trading — position sizes are limited and the platform prioritizes forecasting accuracy over liquidity.
Visit IEMManifold is a play-money prediction market where users trade with virtual currency called "mana." No real money is wagered. The platform is open to anyone regardless of location and covers a wide range of topics including politics, sports, science, and AI. Its primary appeal is building a public forecasting track record without financial risk. Not subject to CFTC or state gaming regulation.
Visit ManifoldMetaculus is a forecasting platform that uses a reputation-based scoring system rather than real money. It covers science, technology, AI, geopolitics, and climate. Metaculus is known for rigorous question resolution standards and is widely used by researchers and forecasters who want to build public track records. No money changes hands; not regulated by CFTC or gaming authorities. Open to users worldwide.
Visit MetaculusAll data sourced from our platform database (verified 2026-04-22). "Best For" is editorial guidance. For a detailed cost breakdown, see our fee comparison. Check the regulatory tracker for real-time legal status updates. This comparison table is a snapshot. Reconcile fee, access, rule, and venue-role fields with the source checks above before deciding where to trade.
| Platform | Regulation | Fees | Market Types | Availability | Best For |
|---|---|---|---|---|---|
T1Kalshi | CFTC DCM + DCO | ≤1.75¢/contract (formula-based) | — | Most states (13+ in litigation) | US-based traders |
T1Polymarket | CFTC DCM (via QCX LLC) | Sports 0.75% peak; Crypto 1.80% peak; Politics/Finance/Tech 1.00%; most fee-free at extremes | Sports only for US users (NFL, NBA, NHL, MLB, college, soccer, UFC) via QCX LLC DCM as of March 2026. Global Polymarket (non-US) covers a much broader range including election, news, and financial markets. | Relaunched for US users December 2025 via QCX LLC (CFTC DCM). Currently sports-only, with other categories coming soon. | High-volume traders |
T1Interactive Brokers | CFTC DCM (ForecastEx) | Cheapest per-contract costs in the industry | Politics (incl. 2028 presidential), economics, climate/weather, financial markets | Most states | Professional traders |
T1Crypto.com | CDNA DCM + DCO | $0.02/contract ($1 markets), $0.20/contract ($10 markets); tech fee waived on wins | Sports, politics, economics, entertainment, financial indicators, crypto | Available in 48 states + DC; not available in New York or Arizona. Sports contracts additionally restricted in NV, OH, MI, MD, MA, NJ, IL. | Crypto.com users |
T2Robinhood | CFTC FCM + Rothera DCM pending | $0.02/contract ($0.01 RH + $0.01 Kalshi) | Politics, sports, economics, crypto, culture, climate, companies, financials, tech & science, health, world | Follows Kalshi availability | Existing Robinhood users |
T2Webull | Via Kalshi (CFTC DCM) | $0 commission on sports; exchange fees apply. Total ~$0.02/contract | Sports, economic indicators (Fed), crypto hourlies (BTC/ETH), S&P 500/NASDAQ hourlies | Availability follows Kalshi market availability and Webull account eligibility; official Webull marketing page does not publish a 50-state claim. | Stock & crypto traders adding PM |
T2Coinbase | Via Kalshi (CFTC DCM) | Follows Kalshi fee structure | Sports, politics, economics | 49 states (Nevada preliminary injunction granted Mar 26, 2026; Coinbase blocked in NV; 60-day compliance period) | Coinbase users |
T2Plus500 | Via Kalshi + CME | Via Kalshi (B2C); clearing partner (B2B) | Economic indicators, financial events, geopolitical events (via Kalshi); broader categories via CME partnership | Most states | Futures traders; B2B clearing |
T2OG Predictions | Via CDNA (CFTC DCM) | $0.02/contract (open + close) | — | Most states | Social prediction traders |
T3DraftKings | CFTC IB via CME DCM | $0.01/contract/side + exchange fees (~$0.02+ round-trip) | — | 38 states (as of December 2025 (at launch)) | DraftKings users |
T3FanDuel Predicts | CFTC via CME Group | 2% of potential payout at checkout | — | 18 states (sports); all 50 (non-sports) | Sports bettors transitioning to prediction markets |
T3Fanatics Markets | CFTC DCM (via CDNA) | Follows CDNA fee structure | Sports, finance, economics, politics (Phase 1); crypto, stocks/IPOs, climate, pop culture, tech/AI, movies, music (Phase 2, 2026) | 24 states | Fanatics sports fans |
T3PrizePicks | CFTC FCM | No separate PrizePicks fee schedule published — fees follow underlying exchange (Kalshi) structure for contracts offered | Sports (Team Picks: moneylines, spreads, totals); Culture/Entertainment (Culture Picks: pop culture, politics, economics) | Launched November 14, 2025 in 38 states (culture picks in more states than sports). Expanded Jan 2026 to 48 states + DC for Culture Picks, 30 states + DC for Team Picks (sports). As of March 2026: Culture Picks available in 48 states + DC; Team Picks (sports) available in 35 states + DC. (Source: prizepicks.com, updated March 18, 2026) | PrizePicks DFS users |
T3Novig | CFTC DCM pending | No trading fees for retail users (sweepstakes model); makes money via data monetization and market making | Sports (primary focus) | Available in 35+ states + DC (as of March 2026 per Novig official help center); blocked states vary by source but confirmed blocked: AL, AZ, CO, CT, ID, LA, MI, MT, NJ, NV, NY, TN, WA and others | Sports traders (no retail fees) |
T3Underdog | CFTC FCM + DCM/DCO | See platform | Sports (primary focus) | Underdog Predict available in 32 states + DC as of March 2026: Alabama, Alaska, Arkansas, California, Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Maine, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, plus DC. Source: Official Prediction Picks Rules (help.underdogfantasy.com). | Underdog Fantasy users |
T4PredictIt | CFTC No-Action Letter | 10% profit fee + 5% withdrawal | — | Operates under CFTC no-action letter; per-contract cap raised to $3,500 (2025 revised agreement) | Political market traders |
† Market types shown where available in our platform database. "—" indicates the field is not yet in the verified facts file. Volume figures are event-driven and fluctuate significantly. Legal status reflects March 2026. Availability varies by state — use the state checker to verify your eligibility.
Not sure where to start? Use our state checker to see which platforms are available in your state, or browse live activity to see what traders are watching right now.
CFTC-regulated market in the US. Cash deposits, funds segregated.
Deepest liquidity, most markets, zero fees. The world's leading prediction market.
Familiar interface, same account as sportsbook, easy cash onramp.
Trade prediction markets in the same app as stocks, ETFs, or crypto.
Institutional-grade tools, CFTC DCM + DCO, alongside global equities and futures.
Non-monetary, reputation-based forecasting with the best track record system.
These platforms have announced plans to enter US prediction markets but are not yet live as standalone prediction market products. Regulatory status and timelines are subject to change. Track all pending CFTC applications on the regulatory tracker. All entries describe announced or pending activity only.
Gemini (the Winklevoss-founded crypto exchange) received its CFTC Designated Contract Market license on December 10, 2025, through its affiliate Gemini Titan, LLC — the culmination of a five-year application process first filed in March 2020. Gemini Predictions went live on December 15, 2025 for US customers on web, iOS, and Android, offering binary yes/no event contracts on future events. Potential expansion into crypto futures, options, and perpetual contracts is planned for the future. (Source: Gemini official blog, Dec 15, 2025.)
Sleeper — the popular fantasy sports app with 10 million users — launched prediction markets inside its app on February 6, 2026, via a partnership with Kalshi. Sleeper Markets LLC received NFA approval to operate as a Futures Commission Merchant (FCM) in January 2026, following a legal dispute with the CFTC over delays in the approval process. Sleeper is the third DFS platform (after PrizePicks and Underdog) to gain NFA FCM status and integrate prediction markets. Sports event contracts are available to Sleeper's users nationally; additional market categories are planned for future expansion. (Sources: NFA registration records; Industry sources)
Lumina Markets is a stealth-stage prediction markets startup that, per reporting by Business Insider (February 2, 2026), shares staff and a corporate address with Interactive Brokers and was incorporated by an in-house Interactive Brokers lawyer. Job postings described the venture as "backed by a billionaire pioneer of electronic trading" — widely interpreted as a reference to IBKR founder and chairman Thomas Peterffy. Neither Interactive Brokers nor Peterffy has publicly confirmed involvement. As of April 2026, Lumina was recruiting marketing and legal staff and had not announced a launch date. Its website displayed only a logo and the tagline "Future, priced."
Betr — the real-money gaming super app co-founded by Joey Levy and Jake Paul, with one million paying users — announced on March 4, 2026 a multi-year partnership with Polymarket to bring prediction markets to the Betr app. The partnership will make Polymarket event contracts across sports, politics, and culture available to Betr's user base nationwide. Betr Predictions LLC applied to the NFA for introducing broker (IB) and swap firm status in October 2025; that application remained pending as of the announcement. Betr plans to launch its prediction markets product during 2026. (Source: Betr/Polymarket press release, March 4, 2026.)
SI Predict is an announced, Sports Illustrated–branded prediction markets platform that has been reported to be seeking NFA regulatory status. As of March 2026, no launch date had been announced and no additional details about its exchange partnership or market categories had been publicly confirmed. (Source: Industry sources)
RSBIX filed a Designated Contract Market (DCM) application with the CFTC on September 16, 2025. RSBIX has been reported to have a prior connection to the Matchbook exchange, and to have previously explored prediction market activity in 2020–2021. As of April 2026, no launch date or additional operational details had been publicly announced. CFTC DCM reviews for new applicants have typically taken months to years. (Source: Official platform announcements)
TruthPredict is an announced prediction markets integration for Truth Social, Donald Trump's social media platform, reported to be powered by Crypto.com Derivatives North America (CDNA) — the same exchange entity behind the Fanatics Markets, OG Predictions, and Underdog (initial) prediction market products. As of April 2026, TruthPredict had not launched; no official launch date or market category details had been confirmed publicly. (Sources: The Block Dec 10, 2025; Industry sources)
Hollywood.com announced plans in November 2025 to offer entertainment-focused prediction markets — covering movies, TV, music, and Broadway — through a partnership with Crypto.com Derivatives North America (CDNA). As of April 2026, the platform had not launched and no specific timeline for availability had been publicly confirmed. (Source: Official platform announcements)
Kraken, the major cryptocurrency exchange, has been reported to have signaled plans to enter the US prediction markets space in 2026. As of April 2026, no official announcement, CFTC filing, or launch timeline had been publicly confirmed. Kraken already operates in regulated derivatives markets in some jurisdictions internationally. (Source: Official platform announcements)
Robinhood acquired MIAXdx (formerly LedgerX) (deal closed January 21, 2026) and renamed it Rothera. This will give Robinhood its own CFTC-regulated exchange infrastructure, expected to launch Q2 2026. Background: LedgerX (crypto derivatives) → acquired by FTX → MIAX bought at FTX bankruptcy → renamed MIAXdx → Robinhood acquired Jan 20, 2026 → renamed Rothera.
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