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PredictIt is a political prediction market operated by Victoria University of Wellington (New Zealand), originally launched in 2014 under a no-action letter from the CFTC allowing it to operate as an academic research project. The platform became the most popular political prediction market in the US.
PredictIt allows users to buy and sell shares on political and current events questions, with contracts paying out at $1 if the predicted outcome occurs. Markets are capped at 5,000 traders and $850 per trader per contract. The CFTC's no-action letter expired, and the platform's long-term regulatory status has been subject to legal proceedings.
Editor's Verdict
PredictIt is the original US political prediction market — a decade-long track record of accurate political pricing makes it the benchmark for event trading despite regulatory uncertainty.
Last reviewed: February 2026 · BonusBell Editorial Team
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