Best Prediction Market Apps for 2025

There are now six prediction apps competing for your attention right now, and three more are launching by early 2026. Each one has different fees, different state restrictions, and different markets.

The best app for trading NFL games isn’t necessarily the best app for trading election outcomes. The cheapest app might also have the thinnest liquidity, while the app with the most markets may require a crypto wallet. And the one your friend uses might be blocked in your state entirely.

This page matches you to the right platform based on what you want to trade, where you live, and how you want to fund your account.

List of prediction market sites and promos

The table below lists the major prediction sites available today, plus the bonuses and promo codes you can claim when you sign up. 

This list only includes the major platforms. Apps like Webull and some of the decentralized platforms don’t have the liquidity to make the cut here but are included below.

Note: App Store ratings as of December 2025. Best is determined based on audience research, in-house testing and market availability.

What are prediction markets?

Prediction markets work like stock exchanges for real-world events. You buy contracts priced between $0.01 and $0.99 and that price reflects the crowd’s probability estimate. A contract at $0.65 means the market thinks there’s a 65% chance the event happens, which is equivalent to about -185 odds at a sportsbook. If it does, the contract pays $1. If it doesn’t, you get nothing.

The key difference from sportsbooks: there’s no house setting odds and no vig baked into the price. You’re trading against other people like yourself. When new information hits, be it an injury report, a Fed statement, a polling shift—prices move immediately, and you can sell your position before the event even settles.

This creates opportunities sportsbooks don’t offer. You can buy a contract at $0.40, watch it climb to $0.70 as sentiment shifts, sell for a 75% gain, and never wait for the final result—the same way you’d sell a stock after a run-up instead of holding through earnings. You can also hedge, exit losing positions early, or arbitrage price differences across platforms.

The tradeoff comes down to liquidity. Popular markets like presidential elections and NFL games trade millions in volume. Niche markets like tech and culture might have thin order books where getting in or out at a fair price is much more difficult.

For a deeper dive, see our complete guide: What are prediction markets?

Top 6 prediction apps reviewed for December

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.

Note: Many platforms route through the same underlying exchanges

1. Kalshi app – Best app for sports, elections and features

Kalshi tops this list because it’s shipping new markets faster than anyone else and paying ~4% APY on cash. I could sort markets by volatility, liquidity, or closing timein a second and look at new and trending markets. The search function works really well. You type in “Fed” or whatever market you want, and it immediately presents all related markets with countdowns showing exactly when each one settles.

I really like the live activity integration built into the market pages. I can watch orders hit the book in real-time, view discussions from other traders and look at price charts going back to when the contract first opened. Popular markets is easy to find with the built-in filtering system. With Kalshi, I know exactly where the money is always before taking a position.

For sports, Kalshi has live in-game trading. The app comes with the ability to watch the score update, see win probabilities shift as the game plays out, and you can exit positions before the game ends. There are also props and futures if you want more than just the moneyline.

The only major catch to the Kalshi app is accessibility and bugs. Kalshi is not as widely available as Polymarket and because they ship features so quickly, some things are a bit buggy. The company has an active Discord channel where you can relay all bugs to the development team. Overall, it’s a solid prediction app.

   2. Polymarket – Best for global markets and crypto-native traders

Polymarket is the undisputed volume leader in prediction markets, processing over $3.74 billion in trading volume in November 2025 alone. Built on the Polygon blockchain, it’s a decentralized platform that offers the widest range of markets you’ll find anywhere – politics, sports, crypto prices, entertainment, science, and virtually anything newsworthy. 

The Polymarket app just relaunched in the US market in December 2025 after acquiring QCEX, a CFTC-licensed exchange. It’s currently rolling out access to waitlisted users, starting with sports markets. Trading is in USDC with zero trading fees (for now), which is a significant advantage for active traders.

The crypto-only requirement is both a feature and a barrier. You’ll need a wallet and USDC to participate, which can be intimidating for newcomers. 

I like that Polymarket surfaces Top Holders for each outcome within the contracts. I can see exactly who’s positioned and how much they’re holding, which is useful for spotting where there’s potential for slippage. The limit order functionality lets me set my own price rather than accepting the spread.

User reviews on Trustpilot are polarized – some praise the platform’s predictive accuracy, while others complain about controversial market resolutions governed by UMA’s oracle system. The decentralized resolution mechanism means disputes are settled by token-weighted voting, which critics argue can favor large holders. The iOS app rates well (4.8 stars) but Android users report more friction.

3. Fanatics Markets – Best for sports fans in Texas and California

Fanatics Markets launched December 3, 2025, making it the newest prediction market site. The app is only available in states where Fanatics doesn’t operate its sportsbook, giving fans in non-betting states a legal way to engage with sports outcomes. 

While it is the Fanatics, I was surprised at how much it looks like an actual sportsbook compared to the other prediction apps. Kalshi and Polymarket look like a financial exchange, where Fanatics looks identical to a sportsbook with economics bolted on.

The Fanatics Markets launch is in two phases: Phase One includes sports, finance, economics, and politics contracts. Phase Two, expected in early 2026, will add crypto, stocks/IPOs, climate, pop culture, tech/AI, movies, and music markets. The Crypto.com partnership provides the backend trading infrastructure, with CDNA serving as the CFTC-registered exchange and clearinghouse.

Since it’s a brand-new app, there’s limited user feedback available. The 21+ age requirement is stricter than the typical 18+ for CFTC-regulated products. CEO Matt King has positioned this as a “trades” platform rather than gambling, following Kalshi’s regulatory framing.

4. Crypto.com – Best for existing crypto exchange users

Crypto.com expanded into prediction markets in late 2024, leveraging its massive 150+ million user base and CFTC-regulated Derivatives North America (CDNA) exchange. As both an exchange operator and clearinghouse, Crypto.com has vertically integrated infrastructure that powers not just its own prediction markets but also partners Fanatics Markets, Underdog, and Truth Social.

The platform offers sports, politics, and economics markets, with plans to expand into entertainment, culture, and other categories. Payments are accepted via ACH, wire, Apple Pay, and Google Pay, making it more accessible than Polymarket. For existing Crypto.com users, prediction markets integrate seamlessly with the main app. You can trade contracts alongside your crypto portfolio.

The recent news about a 3-second delay for retail traders on sports contracts has raised concerns about execution fairness compared to institutional market makers. 

User reviews are mixed – the Android app rates 4.4 stars, but complaints about spread manipulation and customer service response times are common. Crypto.com is not available in New York.

5. Robinhood – Best for existing brokerage users

Robinhood entered prediction markets in October 2024 with presidential election contracts and launched its prediction markets hub in March 2025. It has since expanded to cover sports, economics, politics, and culture. Robinhood’s prediction markets are powered by Kalshi. It’s essentially a different front-end for the same exchange, which means you’re getting identical markets and liquidity.

What makes Robinhood stand out is the seamless integration with its existing brokerage platform. If you already trade stocks or crypto on Robinhood, prediction markets feel like a natural extension. You can fund trades from the same account, and the familiar interface means there’s virtually no learning curve. The downside of the Kalshi partnership is that Robinhood adds its own fee on top – so you’re paying more than if you traded directly on Kalshi.

The biggest limitation we found on the Robinhood app is the lack of detailed market data like order book depth and volume indicators. Hopefully, the LedgerX acquisition will give it more control over exchange infrastructure and potentially lower fees in the future.

Users on Reddit and Trustpilot frequently mention frustration with customer service and occasional account lockouts during “security reviews.” 

6. PredictIt – Best for political specialists

PredictIt is the grandfather of US prediction markets, operating since 2014 under academic research provisions from Victoria University of Wellington. After years of legal battles with the CFTC, the platform won its lawsuit in July 2025 and received full DCM/DCO approval in September 2025.

The platform focuses exclusively on political markets – from presidential races and congressional elections to cabinet appointments, policy outcomes, and even RealClearPolitics polling predictions. 

For political junkies, PredictIt offers unmatched depth in down-ballot races, state legislature seats, and niche political questions that Kalshi and Polymarket often skip. The position limit was raised from $850 to $3,500 per contract in July 2025, and the previous 5,000 trader cap per market has been lifted.

The fee structure is the steepest in the industry: 10% on profits plus 5% on withdrawals means you need roughly 16% gross returns just to break even after cashing out. There’s no mobile app to be had and I found the interface to be quite dated compared to Polymarket or Kalshi.

New apps launching soon

• FanDuel Predicts: This standalone app launches December 2025 through a CME Group partnership. Traders get sports contracts on NFL, NBA, MLB, and NHL—but only in states where sports betting isn’t legal, like California and Texas. The app also offers contracts on S&P 500, Nasdaq-100, oil, gas, gold, crypto, GDP, and CPI. Contracts are priced from $0.01 to $0.99. Fees have not been announced.
• DraftKings Predictions: DraftKings acquired the Railbird exchange in October 2025. This app will launch by Q1 2026. At launch, you should be able to access finance, culture, and entertainment contracts—no sports yet. Owning Railbird means DraftKings isn’t just launching an app—it’s operating an exchange that other platforms could route through, the way Robinhood routes through Kalshi. Fees have not been announced.

Where liquidity lives within the markets

What this means for you: Apps in the same row share the same order book. It doesn’t matter if you are trading Robinhood event contracts or trading Kalshi directly. You’re accessing identical prices and liquidity. The difference will come down to the fees. Apps in the “Routes Through It” column add their own markup on top of the exchange’s base fee. If you want the lowest cost, trade directly with the exchange. If convenience matters more to you by keeping everything in one brokerage app—the extra fee may be worth it.

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. 

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. 

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.