Event-outcome prediction platforms including regulated exchanges and crypto markets. We track 11 prediction markets across all 50 US states.
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Ranked by trust score across all US markets. Select your state above to filter by availability.
Prediction markets allow participants to buy and sell contracts tied to the outcome of future events — political elections, economic data releases, sports results, and more. Contract prices fluctuate between $0 and $1 based on collective participant assessments of outcome probability, functioning similarly to a futures exchange. If you buy a "Yes" contract at $0.40 and the event occurs, you receive $1.00, netting $0.60 per contract. If the event does not occur, the contract expires worthless. Prices aggregate distributed information efficiently.
Sports betting involves wagering against a bookmaker's set line with built-in margin (the "vig"). Prediction markets use a peer-to-peer or exchange model where you trade against other participants, with the platform collecting a small transaction fee rather than setting odds. This means prediction market prices are market-driven rather than operator-determined. Event scope also differs: licensed sportsbooks focus on sports; prediction markets cover a far broader range of outcomes including macroeconomic indicators, award shows, and geopolitical events.
Evaluate platforms on market depth (how many contracts are actively traded, reflected in tight bid-ask spreads), event variety, and fee structure. A 2% transaction fee is meaningfully different from a 5% fee when you are trading frequently. Withdrawal processing times and supported methods vary significantly. Consider the interface: prediction markets require understanding of contract mechanics that differ from standard bet slips. Quality platforms provide clear resolution rules for each market — ambiguous resolution criteria indicate lower platform maturity.
As of 2026, prediction markets in the US occupy a distinct regulatory space. Kalshi operates as a CFTC-regulated designated contract market (DCM), which gives it a different legal foundation than state-licensed sportsbooks. Platforms with CFTC oversight are subject to federal commodities law rather than state gaming law, meaning availability is not determined by the US's gaming regulations. This federal pathway is relatively new — the category is evolving rapidly, and the range of legal markets available through CFTC-regulated platforms expanded meaningfully in recent years.
A prediction market is an exchange where you buy and sell contracts based on the outcome of future events. Contracts pay out if the event occurs and expire worthless if it does not. Prices fluctuate between $0 and $1, reflecting the crowd's consensus probability of the outcome.
Regulated prediction markets like Kalshi are CFTC-approved and legal in most US states. Crypto-based prediction platforms operate under different frameworks. Our list only shows platforms verified as accessible in your state.
Prediction markets use an exchange model where users trade contracts with each other. There is no house edge in the traditional sense -- the platform earns fees on trades. You can also sell your position before the event resolves, similar to a stock trade. Sports betting involves fixed odds set by a bookmaker.
On standard binary contract platforms, your maximum loss is the amount you paid for the contract. You cannot lose more than your initial investment. There are no margin calls or leveraged positions on most consumer prediction platforms.
Prediction markets are ranked by the breadth of event categories, the liquidity of their markets, and the reliability of outcome resolution. We evaluate both regulated exchanges and crypto-based platforms for transparency and user experience. Rankings are based on independent research and analysis. BonusBell may earn a commission when you sign up via our links — this does not influence our rankings.
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