Comparing the top prediction markets and reviewing them

Prediction market reviews help you understand how the different platforms compare before you start trading. Our prediction market app reviews independently test leading platforms, examining everything from markets and pricing to fees, usability and payouts. Explore our latest reviews below for insight, and follow the links for a closer look at each platform.Prediction markets we’ve reviewed for September 2026We regularly test and review the best prediction markets available to US users. While doing so, we look at a variety of factors, including available markets, pricing, fees, usability and the overall trading experience. Below, you can explore the prediction market sites reviewed by our team and follow the links to our full reviews for an even closer look.Prediction market reviews: The full listOur prediction market platform reviews take a closer look at the trading experience that each of the top options provides. While they all share some similarities, there are differences in markets, fees, pricing, features and usability. Here’s a look at the prediction market platforms we’ve reviewed in detail.1. Kalshi: Broad selection across major market categoriesKalshi is a CFTC-regulated prediction market exchange offering event contracts across sports, politics, economics, crypto, culture and other categories. Its established US presence makes it one of the most recognizable platforms in the growing prediction market industry. You’ll find a broad selection of markets and a user-friendly trading experience. Markets: Trade contracts across a diverse range of topics that include sports, politics, economics, culture and more.Trading: Active markets can offer strong liquidity, with transparent contract prices that reflect the implied probabilities of an outcome.Availability: Available for registration and trading to eligible US users who are 18+ and located in an eligible state. For additional details, read our full Kalshi review.2. Polymarket: Streamlined trading across diverse marketsPolymarket US brings the prediction market brand to eligible US traders through a federally regulated platform. It’s a distinct offering from the Polymarket.com platform, which is only available for international users. When you sign up to trade with the Polymarket app, you’ll find a broad selection of markets available for trading on a smooth and intuitive platform. Markets: Offers event contract trading across sports and a wide range of other real-world outcomes. Platform: Polymarket US provides the regulated trading experience for eligible US users on a user-friendly app. Important distinction: Polymarket.com remains separate from Polymarket US and is view-only for US users.Our Polymarket review takes a complete look at all the platform has to offer. 3. ProphetX: Sports-focused peer-to-peer tradingProphetX offers an exchange-style approach to sports prediction markets, allowing users to trade positions against other market participants rather than against a traditional sportsbook. The platform focuses on sports, providing a different experience from other prediction market platforms that offer contracts across a wider range of event categories.Markets: Focused on sports, with markets covering all of the major leagues and a wide selection of events.Trading: Exchange-style model that offers peer-to-peer trading and the flexibility to request your own lines. Experience: User-friendly and geared toward sports-focused prediction market traders who value greater control over prices.See our full ProphetX review for additional insight. 4. Fanatics Markets: Prediction markets within the Fanatics ecosystemFanatics Markets expands the Fanatics brand into prediction markets. Users can trade event contracts covering sports, crypto and other real-world outcomes. The platform combines the familiar Fanatics experience with a broader range of prediction markets. Fanatics Markets operates as a CFTC-registered Futures Commission Merchant (FCM) and NFA member.Markets: Broad selection of categories, including sports, elections, finance, crypto and other real-world outcomes. Platform: Fanatics Markets is a dedicated prediction market product within the broader Fanatics ecosystem.Access: Available to eligible US traders who are physically located in a jurisdiction where Fanatics Markets is available.Our full Fanatics Markets review explores the platform in detail. 5. Underdog: Live sports markets alongside fantasyUnderdog has expanded beyond its established fantasy sports products into prediction markets. Eligible users now have access to event-contract trading through the Underdog app. Its prediction market offering sits alongside the company’s existing products, creating a different setup from platforms built exclusively around prediction markets.Sports focus: Underdog brings its sports-first approach to prediction markets, with event contracts tied to games and other sports outcomes.Experience: Prediction markets sit alongside Underdog’s established products, making the platform distinct from standalone exchanges.Live markets: Traders can access contracts on live games as well as upcoming events, championships, awards and other longer-term markets. Learn more in our full Underdog Predictions review.6. FanDuel Predicts: Best for good prices and user experienceFanDuel Predicts is the prediction market offering from the sports betting giant. Similar to what you’ll find on the products the company is best known for, users can trade event contracts on a smooth platform from an established brand. FanDuel Predicts is available nationwide, but sports contract access is generally concentrated where the company doesn’t offer online sports betting.Markets: Sports are a major focus, alongside contracts covering politics, finance, crypto, commodities and other real-world events.Platform: FanDuel Predicts is available as a standalone app and features the same functionality that’s familiar across the FanDuel ecosystem.Trust: Prediction market trading with a CFTC-regulated, trusted brand name that’s backed by CME Group.Our FanDuel Predicts review tells you everything you need to know about this prediction market.7. DraftKings Predictions: Best for existing DraftKings usersDraftKings has expanded into prediction markets, moving beyond the products the company is best known for. Eligible users can trade event contracts on a streamlined platform from an established US gaming brand. DraftKings Predictions is widely available, but sports contract access varies and is generally concentrated where the company doesn’t offer sports betting.Markets: Sports are a major focus, alongside contracts covering pop culture, crypto, commodities and other real-world events.Live trading: DraftKings Predictions offers in-game contracts, allowing traders to follow events and take positions as the action unfolds.Platform: DraftKings Predictions is available as a standalone app and web product within the broader DraftKings ecosystem.Find additional insight in our DraftKings Predictions review. How we review prediction marketsOur prediction market app reviews are based on hands-on testing of each platform. How we review prediction markets starts with the complete trading experience. We fully examine the markets and contract pricing, plus fees, usability, payouts and regulatory status. Our prediction market reviews are updated regularly as platforms add features and expand their offerings.What we test (contracts, pricing, fees)We start by exploring the contracts available and placing trades to see how the platform performs in practice. While doing so, we examine how clearly prices and implied probabilities are displayed, whether fees are easy to understand, and how simple it is to enter, manage and exit a position. Additionally, we explore the platform in depth to look for tools and features that give traders more control or additional insight when making trading decisions.Markets & liquidityMarket selection matters, but quantity alone doesn’t tell the full story. We consider the range and depth of available contracts, how frequently new markets are added, and the trading activity across popular categories. For additional perspective, we examine liquidity and spreads to see how easily traders can enter or exit positions at competitive prices.App experience & payoutsOur prediction market app reviews also consider what each platform is like to use from registration through withdrawal. We test navigation, market discovery, order placement, account management and available payment methods. As part of our test runs, we go through the withdrawal process, including available options, potential fees and how quickly funds are typically returned.Legality, security & CFTC oversightHow we review prediction markets also includes examining the regulatory structure behind each platform. We verify relevant CFTC registrations and oversight, security and identity-verification measures, and where trading is available. CFTC regulation does not represent government endorsement, and availability can vary by state. Prediction market trading involves risk, and profits are never guaranteed, as contracts can lose their full value and expire at zero.What to look for in a prediction marketChoosing a prediction market involves more than comparing the number of contracts available. Regulation, fees, liquidity, market selection and the overall trading experience can all make a difference. Understanding these factors can help you compare the prediction market sites reviewed by our team and decide which features matter most for how and what you want to trade.Regulation & state availabilityWhen comparing the most trusted prediction markets, start by checking how each platform is regulated and whether trading is available where you live. Federally regulated prediction markets operate within the CFTC framework, but availability can still differ by state and by contract type. Always confirm current eligibility requirements and restrictions with the platform before registering or trading.Fees, spreads & payout speedTrading costs can extend beyond a platform’s stated fees. The spread between available buy and sell prices can affect the cost of entering or exiting a position, particularly in markets with lower liquidity. Also, be sure to compare deposit and withdrawal methods, any associated fees, and typical processing times for getting your money out.Markets & app qualityConsider whether a platform offers the categories and specific contracts you actually want to trade. Market depth and liquidity can matter just as much as overall selection. The platform itself should also make it easy to find markets, understand contract rules and pricing, place orders, track open positions and manage your account.For a closer prediction market comparison that weighs these factors across leading platforms, see our best prediction markets guide.Prediction market reviews FAQHow do you review prediction market platforms?We independently test platforms to evaluate the complete trading experience. How we review prediction markets includes examining market selection, liquidity, contract pricing, fees, usability, payments, withdrawals, security and regulatory status. We also revisit our prediction market platform reviews regularly to account for meaningful changes to products, features and availability.Which prediction market is best?There isn’t one prediction market that’s right for every trader. The answer depends on factors such as the markets you want to trade, fees, liquidity, platform features and availability in your state. Our best prediction markets guide compares leading options and explains where each stands out.Are prediction markets legit and legal?Yes, regulated prediction markets can legally operate in the US, although the regulatory landscape continues to evolve. CFTC-regulated exchanges and intermediaries must comply with applicable federal requirements, while state-level disputes can affect where certain platforms or contracts are available. Always confirm a platform’s current availability in your state before trading.How are prediction market winnings taxed?Profits from prediction market trading may be subject to federal and state taxes. The specific tax treatment can depend on the platform, type of contracts traded, and your individual circumstances. Keep records of your trading activity and tax documents, and consult a qualified tax professional if you’re unsure how prediction market income applies to your situation.MORE BY CHRISTOPHER FEERYHow often are these reviews updated?We regularly revisit the prediction market sites reviewed by our team to keep our coverage current as the industry changes. Reviews may be updated when platforms introduce new markets or features, change fees or payment options, expand or restrict availability or make other significant changes that impact the trading experience.Note: Prediction markets should be used for entertainment purposes in a fun, responsible manner. Trading is risky and is not suitable for all investors. 100% loss can occur. Past performance is not indicative of future results. Participation in prediction markets is subject to applicable eligibility requirements. Participation may be restricted or prohibited in certain jurisdictions, and participants are responsible for ensuring their participation complies with applicable laws and regulations in their jurisdiction. Prediction markets content is not intended for individuals located in jurisdictions where it is prohibited. Additional help and resources are available through the NCPG’s Financial Trader Health and Safety Initiative. If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.