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Prediction Market News
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Top Prediction Market Websites
Prediction markets are new platforms where ordinary people can bet on the outcomes of anything. Whether it’s the odds of a celebrity winning an Emmy or who will win the White House, customers can buy or sell shares based on what they think will happen.
The best prediction market websites offer diverse markets, strong customer security, and enough money to make sure you can buy and sell in real time. The best brands are:
Kalshi
Deposit $100 Get an Extra $20
Kalshi is the first derivatives exchange that has registered with the Commodity Futures Trading Commission (CFTC) to offer event contracts. The company’s founding marks a crucial milestone in prediction markets’ journey into mainstream institutions.
Polymarket
Polymarket is a leading decentralized prediction market platform built on blockchain technology. It’s the largest and most popular prediction market, especially for those who want to bet real money on the U.S. elections. Although Americans are technically banned from trading on the platform, Polymarket operates with minimal regulation, making it a controversial player in the nascent industry.
PredictIt
PredictIt is an academic project conducted by Victoria University of Wellington in New Zealand. Its traders use real money on its prediction markets. PredictIt’s markets are exclusively for U.S. election outcomes. PredictIt has an agreement with the CFTC. With some trading limits to reduce the platform’s profitability, the CFTC allows PredictIt to offer real money election markets in violation of the CFTC’s rules.
Drift Bet
Drift Bet is a prediction market platform on the Solana blockchain. It’s part of Drift Protocol, which has offered futures contracts since 2021. The new prediction markets are the most prominent challenge to Polymarket’s dominant position within the crypto sector prediction industry. Here’s everything you need to know about this promising Polymarket alternative.
Manifold
Manifold Markets is a unique take on prediction markets. Users can create and resolve their own markets, and the platform has two currencies. Not surprisingly, Manifold has attracted about $2 million in funding despite being a virtual money platform.
ForecastEx
ForecastEx is the newest prediction market the Commodity Futures Trading Commission (CFTC) has approved. The prediction market platform launched in August 2024 and offers event contracts on economic and climate figures. It’s part of a growing number of derivatives exchanges offering futures on real-world events.
Metaculus
Metaculus provides a unique spin on prediction markets in that it’s not actually a prediction market platform. Instead of buying and selling priced contracts, Metaculus asks users to forecast probabilities themselves. For example, users predict an event has a 55% chance of happening instead of buying a contract at that price.
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