Best Prediction Market Apps for 2025

Interest in prediction markets continues to soar, but not all trading apps are created equal. Beyond volume and available markets, key items to consider include platform accessibility, usability, and regulatory status.

The top prediction market sites provide traders with a diverse range of markets to choose from and will attract a good deal of volume for many of their contracts. This provides liquidity for users and the flexibility to buy and sell in response to new developments.

We help you compare and choose the best prediction market apps in 2025. Kalshi, Polymarket, PredictIt, and Crypto.com are leading the way, but FanDuel and DraftKings are preparing for a launch by the end of the year.

List of prediction apps and sites

Prediction market apps trending in November

Below is a complete breakdown of the top prediction market sites this month. Following our run-through of the best sites and apps, we take a look at some of the names to watch in this burgeoning sector.

1. Kalshi app

Kalshi has been at the forefront of the explosive growth in prediction market interest. Launched in 2021, the app has surged in popularity and offers trading on thousands of markets. Kalshi attracted an extensive amount of trading volume for the 2024 US elections. The platform received another spike in interest with the introduction of sports contracts in early 2025 and has since gained attention at the national level.

Kalshi is regulated and registered with the Commodity Futures Trading Commission (CFTC).

• What we like: Kalshi offers multiple banking options and has reasonable fees of around 2% per contract. There’s a wide range of markets to choose from, many of which are incredibly active, making it easy to enter and exit positions
• What we don’t like: The ongoing regulatory uncertainty. Kalshi isn’t shy about standing up for itself and has firmly made its case, but the ultimate result of the ongoing scrutiny and legal wrangling is out of its hands. 

If you want to start with a predictions app, Kalshi is the best move right now. There’s an excellent selection of liquid markets, which should only increase as the platform’s popularity continues to soar. Reasonable fees and standard payment options also help make Kalshi one of the top prediction market sites for traders.    

2. Polymarket app

Polymarket also offers diverse market coverage. Beyond specific outcomes like election results or the winner of a sports championship, the platform offers trading on a wide range of questions. For example, current available markets include the price of Bitcoin on a specified date, what will be the highest-grossing movie of the year, and when a sale of TikTok may be announced. 

This is a decentralized platform that works on blockchain technology, with event outcomes resolved transparently. Polymarket requires a crypto wallet and USDC stablecoin, making it best suited for users familiar with digital assets. Polymarket is not available to US users due to regulatory restrictions, but it has seen high global adoption and trading volume. 

• What we like: Polymarket traces its roots to 2020, making it a veteran in the growing prediction market scene. The platform has an extensive global user base and provides diverse market coverage, while fees are straightforward and fair. 
• What we don’t like: Funding is primarily with cryptocurrencies, which makes it not the best fit for those who prefer traditional funding methods. While the platform has seen widespread global adoption, regulatory restrictions keep it sidelined for US users.   

In terms of market coverage, overall liquidity, and fees. Polymarket is comparable to Kalshi. This app is expected to return to the US at any time, as the site is currently in beta with select users.

3. PredictIt

PredictIt is solely focused on prediction markets for political events. Launched in 2014 by Victoria University of Wellington, the New Zealand-based platform operates as a non-profit. It has strict limits in place, permitting it to operate for academic purposes. However, there is ongoing legal wrangling with the CFTC, resulting in uncertainty about continued operations.   

The maximum investment per contract is $850. The total number of traders in any particular contract is capped at 5,000. During our review, there were three main categories for users to consider: Trump Administration, Elections, and Congress. Traders can purchase “Yes” or “No” shares at prices ranging from $0.01 to $0.99, with settlement of correct choices set at $1.     

• What we like: For political forecasting, PredictIt is a trusted option that has become a go-to spot for elections and legislative affairs. It’s simple to get started on the user-friendly platform, with standard funding options accepted. 
• What we don’t like: PredictIt is a one-trick pony in that it’s solely focused on political markets. A low investment cap of $850 plus high fees on both deposits and withdrawals are other drawbacks that are hard to look past. 

If you’re looking for a simple place to try out political prediction markets, PredictIt fits the bill. For those looking for extensive options and reasonable fees, Kalshi and Polymarket are better choices.  

4. Crypto.com

Crypto.com is a Singapore-based cryptocurrency exchange. It’s a popular destination for traders with an estimated user base of over 140 million. Beyond cryptocurrency trading, the platform also offers CFTC-regulated crypto options and derivatives. Payments are accepted via ACH and wire, plus Apple Pay and Google Pay. 

In late 2024, the platform expanded its offerings to include sports prediction markets, such as which team will win the NBA Finals. Similar to what happened with Kalshi, pushback at the state level has followed, while legal wrangling with the CFTC continues. The ultimate decision from the CFTC on sports contract legality is pending but expected to happen in the first half of 2025. 

• What we like: Crypto.com is a massive global platform with a huge existing user base. It’s a trusted option as a result, and one that could grow even further with its introduction of sports prediction markets. 
• What we don’t like: Similar to Kalshi, there’s a regulatory cloud hanging over Crypto.com on the prediction market front. Offerings are also limited to sports for the time being, but are expected to expand in the future.

Crypto.com is a big deal in the world of cryptocurrencies. The potential is there for the platform to do the same with prediction markets. Limited options and regulatory uncertainty leave us taking a wait-and-see approach, though a launch is expected in the coming weeks.    

Other prediction market sites to keep an eye on

While interest continues to soar, prediction sites remain in their infancy. Big players such as Kalshi and Crypto.com continue to capture the headlines and are also dealing with increased scrutiny as a result. Meanwhile, other platforms remain in niche territory while attempting to gain a foothold. Some of the other up-and-coming names to know include: 

• Manifold: Community-driven social prediction platform that uses virtual currency, which is available to be donated for free or redeemed for a fee. 
• FanDuel: Expected late Q3 and will offer sports-contacts in non-regulated sports states.
• DraftKings: Also expected in Q3 and will launch in all 50 states.
• ForecastEx: A product of Interactive Brokers and registered with the CFTC, contracts must be fully secured with cash prior to bid acceptance
• Drift Bet: Users can trade on various real-world events. Choose from over 30 cryptocurrencies for funding and earn redeemable rewards.  
• Augur: A decentralized blockchain platform on the Ethereum network where traders can make predictions on real-world events. 
• Hedgehog Markets: Operating on Solana with an Automated Market Maker, Hedgehog is exploring innovations such as pooled predictions. 
• Metaculus: A community-driven forecasting platform that aims for aggregated predictions, as opposed to forecasting with a financial incentive attached. 
• Projection Finance: Also blockchain-based on Ethereum, Projection Finance uses liquidity pools to deliver better odds and more efficiency.  
• SanR.app: Another decentralized platform on Ethereum, SanR aims to ensure transparency by integrating social finance concepts. 

Many of the smaller prediction market players are focused on blockchain and decentralization. Meanwhile, Kalshi is among those that are more readily accessible for casual players, and is seeing much larger adoption rates as a result. Moving forward, it’ll be interesting to see which platforms emerge and provide stiffer competition for users and market volume.   

Side-by-side view of the top prediction apps

For liquidity and variety of markets, Kalshi and Polymarket are the current leaders. If you’re interested in trading on Kalshi, you have more banking options to consider, while Polymarket users are limited to cryptocurrencies.  Here’s a side-by-side comparison of the best prediction market platforms for 2025. 

Compare fees across the different apps 

Fees vary across the top prediction market platforms. PredictIt currently charges the most. Add in the fact that the platform is for US politics only, it may not be the best fit for all. The table below has a full breakdown of the various types of ffess youll encounter. 

Compare the market availability across the apps

Before deciding where you want to try your hand with prediction markets, take the time to review the available markets. Naturally, you’ll want to lean toward those that have the most contracts for things that you’re into, as well as a good deal of volume to make trading smoother.  You can use our volume tracking tool to see the top 30 markets trading at Kalshi and Polymarket.

As a final check before signing up, consider the available banking methods, fees, limits, and customer support options, all of which should align with your personal preferences. For those new to prediction markets, you can certainly try out more than one platform to find the best possible fit for you. 

Key criteria for choosing a prediction markets app

As interest in these markets continues to grow, scores of prospective traders are on the hunt for platforms that work best for their unique needs. When deciding on which prediction market platforms are the best for 2025, there are several key factors to consider, including: 

• Market variety and liquidity: When a platform is active across a variety of markets, there are more opportunities and a smoother trading experience. At a minimum, make sure the markets you are most interested in are readily available.  
• User interface and accessibility: It should be easy for you to get around and find what you want, while both web and mobile availability is a huge plus. If it’s a hassle accessing the platform, the user experience is unlikely to be great.  
• Legality and regulatory compliance: Using Kalshi as an example, the platform is regulated in the U.S., but there has been state pushback questioning its legality. Keep your eyes out for potential developments on platform availability.  
• Banking, fees, and support: You’ll need a viable option to move money in and out of your account. Fees can have a direct impact on your bottom line, while support should be easily accessible if and when the need arises.  

By digging into those criteria, you can quickly cut through the hype to find the best of the best. We’ve done the heavy lifting for you.

How to start trading on prediction markets

You can get started trading quickly and easily by using the steps below as a guide. 

1. Pick your platform. Details on the best options for 2025 are featured above. 
2. Understand the ins and outs of trading on the platform, as well as any associated fees. 
3. Register for an account and verify your identity. 
4. Choose your preferred method and add funds to your account.
5. Browse the available markets, decide your position, and process your trade.   

There are two important notes to keep in mind. First, you may be asked to verify your identity as part of the registration process, such as via a government-issued photo ID or a passport. Second, some platforms are cryptocurrency only. Be sure to choose the option that works best for you prior to taking the time to register for a new prediction market platform account.  

More: Learn how trading works on prediction markets

Which categories tend to have the most volatility?

As prediction markets continue to grow, some markets have become particularly volatile. While the high volatility can make trading more exciting, there can also be wild and unexpected swings for traders to contend with. The table below summarizes the most volatile markets and what to watch for. 

What we’re watching out for

At the top of the list are pending regulatory developments, both at the federal and state levels. Will we finally get answers from the CFTC and the resolution of ongoing disputes? What will be the result of the continuing state pushback? Will platforms be forced to exit markets or receive a green light to continue operations? 

Much is hinging on the answers to those questions, so we’ll have to take a wait-and-see approach. If it’s a favorable outcome, we’ll keep our eyes out for expanded offerings from the existing players, and perhaps some new competition to enter the scene. It has already been an eventful year for prediction markets. We can safely say there’s still much more to come.