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Prediction marketsWhere every number comes from

The terms, rate or quote types and calculation behind each figure on the Prediction markets page. Verified Oct 10, 10:30 PM ET; this page updates with it. For a copy of these figures to cite, use the snapshot (kept until the next update; older snapshots aren’t stored yet).

Kalshi: Trade $25, Get $55

$55

The sign-up bonus Kalshi currently offers new customers with code RATE. Trade $25 within 7 days. Trading credit; expires 7 days after it’s granted; winnings are withdrawable.

An editor last opened the offer page and the full terms on Oct 10, 2026 at 10:30 PM ET, when the bonus was $25; this offer hasn’t been rechecked since. Offers are rechecked daily; a change is logged below with its date.

Terms: Offer terms. Cited as: “Kalshi offers new customers trade $25, get $55 with code RATE” (Kalshi offer terms, as listed by DeFi Rate).

Offer terms (1)

Kalshi ↗ Offer terms Current offer$55 bonus
Trade $25, Get $55 · All states + DC except Michigan, Nevada and WashingtonCode RATETo qualify Trade $25 within 7 daysWhere All states + DC except Michigan, Nevada and WashingtonCash-out Trading credit; expires 7 days after it’s granted; winnings are withdrawableKalshi’s current offer. An editor last checked Kalshi’s terms on Oct 10, 2026, when the bonus was $25.

Polymarket US: Deposit $10 get a $25 trading bonus

$25

The sign-up bonus Polymarket US currently offers new customers with code RATE. First deposit of at least $10. Trading credit; winnings are withdrawable.

An editor last opened the offer page and the full terms on Oct 10, 2026 at 10:30 PM ET, when the bonus was $50; this offer hasn’t been rechecked since. Offers are rechecked daily; a change is logged below with its date.

Terms: Offer terms. Cited as: “Polymarket US offers new customers deposit $10 get a $25 trading bonus with code RATE” (Polymarket US offer terms, as listed by DeFi Rate).

Offer terms (1)

Polymarket US ↗ Offer terms Current offer$25 bonus
Deposit $10 get a $25 trading bonus · All states and DC except NevadaCode RATETo qualify First deposit of at least $10Where All states and DC except NevadaCash-out Trading credit; winnings are withdrawablePolymarket US’s current offer. An editor last checked Polymarket US’s terms on Oct 10, 2026, when the bonus was $50.

FanDuel Predicts: Trade $5, Get $100

$100

The sign-up bonus FanDuel Predicts currently offers new customers. Trade $1 a day for 5 days. Bonus not withdrawable; winnings are.

An editor opened the offer page and the full terms on Oct 10, 2026 at 10:30 PM ET and recorded the amount, requirement, cash-out rules and eligible states. Offers are rechecked daily; a change is logged below with its date.

Terms: Editor-verified terms. Cited as: “FanDuel Predicts offers new customers trade $5, get $100” (FanDuel Predicts terms, verified by DeFi Rate).

Offer terms (1)

FanDuel Predicts ↗ Offer terms Editor-verified$100 bonus
Trade $5, Get $100 · All 50 states and DCCode None neededTo qualify Trade $1 a day for 5 daysWhere All 50 states and DCCash-out Bonus not withdrawable; winnings areVerified Oct 10, 2026, 10:30 PM ET

OG Predictions: Trade $10, Get $10

$10

The sign-up bonus OG Predictions currently offers new customers. First $10 trade within 7 days. Reward credited after first trade.

An editor opened the offer page and the full terms on Oct 10, 2026 at 10:30 PM ET and recorded the amount, requirement, cash-out rules and eligible states. Offers are rechecked daily; a change is logged below with its date.

Terms: Editor-verified terms. Cited as: “OG Predictions offers new customers trade $10, get $10” (OG Predictions terms, verified by DeFi Rate).

Offer terms (1)

OG Predictions ↗ Offer terms Editor-verified$10 bonus
Trade $10, Get $10 · All 50 states and DCCode None neededTo qualify First $10 trade within 7 daysWhere All 50 states and DCCash-out Reward credited after first tradeVerified Oct 10, 2026, 10:30 PM ET

DraftKings Predictions: Trade $5+, Get $150 in Bonuses

$150

The sign-up bonus DraftKings Predictions currently offers new customers. Opt in, then trade $5+; paid over 21 days. Credit not withdrawable; profits are.

An editor last opened the offer page and the full terms on Oct 10, 2026 at 10:30 PM ET, when the bonus was $200; this offer hasn’t been rechecked since. Offers are rechecked daily; a change is logged below with its date.

Terms: Offer terms. Cited as: “DraftKings Predictions offers new customers trade $5+, get $150 in bonuses” (DraftKings Predictions offer terms, as listed by DeFi Rate).

Offer terms (1)

DraftKings Predictions ↗ Offer terms Current offer$150 bonus
Trade $5+, Get $150 in Bonuses · All states and DC except Maine and New HampshireCode None neededTo qualify Opt in, then trade $5+; paid over 21 daysWhere All states and DC except Maine and New HampshireCash-out Credit not withdrawable; profits areDraftKings Predictions’ current offer. An editor last checked DraftKings Predictions’ terms on Oct 10, 2026, when the bonus was $200.

Prediction market volume, 30 days

$137.0B

The dollar value of all contracts traded on DraftKings Predictions, Gemini, Kalshi, Novig, Polymarket, Polymarket US, ProphetX, Rothera and Underdog Exchange, Oct 10-Nov 8, 2026.

Sum of daily traded volume across the nine venues.

Measure: Traded volume. Cited as: “Prediction markets traded $137.0 billion in 30 days” (DeFi Rate volume data).

Data sources (1)

DeFi Rate market data
Prediction-market volume by venue and categoryEndpoint /v1/partner/volumeDeFi Rate’s licensed data feed.

Kalshi’s share of volume

76%

Kalshi’s share of 30-day prediction-market volume across the venues we track.

Kalshi 30-day volume divided by the nine-venue total.

Measure: Traded volume. Cited as: “Kalshi handled 76% of prediction-market volume” (DeFi Rate volume data).

Data sources (1)

DeFi Rate market data
Prediction-market volume by venue and categoryEndpoint /v1/partner/volume/dailyDeFi Rate’s licensed data feed.

US prediction market apps trading now

8

Prediction market apps open to US customers and trading today, each operating as or through a CFTC-registered exchange.

Counted from DeFi Rate’s operator tracker: Polymarket US, Kalshi, Gemini Predictions, FanDuel Predicts, DraftKings Predictions, OG Predictions, Underdog Predict, ForecastEx. Novig is approved but not trading; Fanatics Markets’ status isn’t confirmed. Neither is counted.

Record type: CFTC status tracker. Cited as: “8 prediction market apps are live for US customers” (DeFi Rate CFTC tracker).

Source documents (10)

Polymarket US live
Launched Dec 3, 2025, operated by QCX LLC.Record DCM, DCO
Kalshi live
First CFTC-designated market for event contracts (Nov 2020); launched July 2021. Self-clears through Kalshi Klear (DCO, Aug 2024).Record DCM, DCO
Gemini Predictions live
Gemini Titan (DCM) and Gemini Olympus (DCO).Record DCM, DCO
FanDuel Predicts live
Launched Dec 2025 as a FanDuel–CME venture; sports contracts limited to 18 states where FanDuel has no sportsbook license.Record Partner DCM
DraftKings Predictions live
Live since Dec 19, 2025.Record DCM, IB
OG Predictions live
Crypto.com’s standalone app, launched Feb 3, 2026 on its CDNA exchange.Record Partner DCM
Underdog Predict live
Built into the Underdog app through Crypto.com/CDNA (announced Sep 2, 2025); routes through CDNA as an FCM alongside its own Aristotle exchange.Record FCM
ForecastEx live
Interactive Brokers-affiliated exchange and clearinghouse; also carries Robinhood order flow.Record DCM, DCO
Novig approved, not launched
DCM cleared in June 2026; not yet trading.Record DCM
Fanatics Markets not confirmed
Status not confirmed in our tracker.Record —

Democrats win the Senate

87%

Constructed

The market-implied chance that Democrats control the Senate in the next Congress. Democrats need 51 seats, because the vice president, a Republican, breaks 50–50 ties. Each contract's own rules decide independents, runoffs and ties.

Equal-weight average of two venues, each priced at the midpoint of its bid and ask.
Kalshi 85.9% (constructed). Kalshi has no single Senate-control contract, so we add its two balance-of-power contracts in which Democrats win the Senate: D House + D Senate (85.5¢) and R House + D Senate (0.35¢).
Polymarket 88.5%, from its Senate-control contract.
Average: 87.2%, shown as 87%.

Quote type: Midpoint of bid and ask. Cited as: “Prediction markets give Democrats a 87% chance of winning control of the Senate” (average of Kalshi and Polymarket via DeFi Rate).

VenueContractRoleBidAskPricePrice typeQuote
KalshiKXBALANCEPOWERCOMBO-27FEB-DDconstructed leg85.0¢86.0¢85.50¢midpointfresh · 138s oldContract ↗
KalshiKXBALANCEPOWERCOMBO-27FEB-RDconstructed leg0.3¢0.4¢0.35¢midpointfresh · 204s oldSame as above
Polymarket0x307a1ed89d60b61002dd5bbf00e1408c5ed2ab3fcdb056191ca7ef9bc34d38f3direct contract88.0¢89.0¢88.50¢midpointfresh · 0s oldContract ↗

History: average of Kalshi (constructed) and Polymarket daily close, 2026-05-27 to 2026-11-04 (161 rows). Daily closing average of Kalshi (constructed) and Polymarket. The last point is today's 7:03 PM observation. Full history (CSV)

DateValue
2026-11-0487.2%
2026-11-0274.8%
2026-11-0170.7%
2026-10-3171.2%
2026-10-3070.3%
2026-10-2967.4%

The Fed hikes on Dec. 9

81%

Last trade

The chance the Federal Reserve raises its target range by a quarter point at the Dec. 8–9 meeting, as priced on Kalshi and Polymarket. Settles on the Fed’s official statement.

Equal-weight average of Kalshi (80.5%) and Polymarket (80.5%), each at its last traded price.

Quote type: Last traded price. Cited as: “Prediction markets put the chance of a Fed rate hike on Dec. 9 at 81%” (average of Kalshi and Polymarket via DeFi Rate).

VenueContractRoleBidAskPricePrice typeQuote
KalshiKXFEDDECISION-26DEC-H25direct contract80.50¢last tradefresh · 450s oldContract ↗
Polymarketwill-the-fed-increase-interest-rates-by-25-bps-after-the-december-2026-meeting-20260729232808636direct contract80.50¢last tradefresh · 14s oldContract ↗

History: Kalshi daily close, 2026-05-27 to 2026-11-09 (162 rows). Kalshi daily close. The last point is the 4:42 PM observation. Full history (CSV)

DateValue
2026-11-0980.5%
2026-11-0876.5%
2026-11-0776.5%
2026-11-0677.5%
2026-11-0564.5%
2026-11-0480.5%

San Francisco 49ers win Super Bowl LXI

15%

The market-implied chance the San Francisco 49ers win Super Bowl LXI in February 2027. American odds equivalent: +562, before fees.

Equal-weight average of Kalshi (15.0%), Polymarket (14.80%) and Polymarket US (15.5%). Each venue’s price is the midpoint of its bid and ask where our feed has both, otherwise its last trade; the team table also shows Polymarket’s price to buy.

Quote type: Midpoint of bid and ask, else last trade. Cited as: “Prediction markets give the San Francisco 49ers a 15% chance of winning Super Bowl LXI” (average of Kalshi, Polymarket and Polymarket US via DeFi Rate).

VenueContractRoleBidAskPricePrice typeQuote
KalshiKXSB-27-SFdirect contract15.00¢midpointfresh · 11s oldContract ↗
Polymarketwill-the-san-francisco-49ers-win-the-2027-nfl-league-championshipdirect contract14.0¢15.6¢14.80¢midpointfresh · 276s oldContract ↗
Polymarket UStec-nfl-champ-2027-02-14-w-sanersdirect contract15.50¢midpointfresh · 7s oldContract ↗

History: Kalshi daily close, 2026-05-27 to 2026-11-09 (167 rows). Kalshi daily close via DeFi Rate. Full history (CSV)

DateValue
2026-11-0915.0%
2026-11-0815.0%
2026-11-0713.5%
2026-11-0613.5%
2026-11-0513.5%
2026-11-0414.5%

Democrats win the House

98%

The market-implied chance that Democrats win a House majority (218 seats) in the 2026 election, under each contract's settlement rules.

Equal-weight average of two venues' House-control contracts, each priced at the midpoint of its bid and ask: Kalshi 97.20% and Polymarket 98.2%. Average: 97.7%, shown as 98%.

Quote type: Midpoint of bid and ask. Cited as: “Prediction markets give Democrats a 98% chance of winning the House” (average of Kalshi and Polymarket via DeFi Rate).

VenueContractRoleBidAskPricePrice typeQuote
KalshiCONTROLH-2026-Ddirect contract97.1¢97.3¢97.20¢midpointfresh · 138s oldContract ↗
Polymarket0xd5d9fc47718bd553592d126b1fa5e87183d27f3936975b0c04cc0f2dec1f1bb4direct contract98.1¢98.2¢98.15¢midpointfresh · 0s oldContract ↗

History: Kalshi daily close, 2026-05-27 to 2026-11-04 (161 rows). Kalshi daily close. The 7-day change for the House is measured on Kalshi alone. Full history (CSV)

DateValue
2026-11-0497.2%
2026-11-0293.8%
2026-11-0193.2%
2026-10-3193.6%
2026-10-3093.8%
2026-10-2991.9%

Democrats win the 2028 presidential election

67%

Last trade

The chance the Democratic nominee wins the presidential election in November 2028.

Equal-weight average of Kalshi (65.5%) and Polymarket (67.5%), each at its last traded price.

Quote type: Last traded price. Cited as: “Prediction markets give Democrats a 67% chance of winning the 2028 presidential election” (average of Kalshi and Polymarket via DeFi Rate).

VenueContractRoleBidAskPricePrice typeQuote
KalshiKXPRESPARTY-2028-Ddirect contract65.50¢last tradefresh · 296s oldContract ↗
Polymarketwill-the-democrats-win-the-2028-us-presidential-electiondirect contract67.50¢last tradefresh · 11s oldContract ↗

History: average of Kalshi and Polymarket daily close, 2026-10-10 to 2026-11-09 (31 rows). Daily closing average of Kalshi and Polymarket. The last point is today’s observation.

DateValue
2026-11-0966.5%
2026-11-0867.0%
2026-11-0766.5%
2026-11-0666.5%
2026-11-0566.5%
2026-11-0466.0%

JD Vance wins the Republican nomination

33%

Last trade

The chance JD Vance is the Republican Party’s 2028 presidential nominee.

Equal-weight average of Kalshi (33.5%) and Polymarket (32.2%), last traded prices.

Quote type: Last traded price. Cited as: “Prediction markets give JD Vance a 33% chance of winning the Republican nomination” (average of Kalshi and Polymarket via DeFi Rate).

VenueContractRoleBidAskPricePrice typeQuote
KalshiKXPRESNOMR-28-JDVdirect contract33.50¢last tradefresh · 234s oldContract ↗
Polymarketwill-jd-vance-win-the-2028-republican-presidential-nominationdirect contract32.20¢last tradefresh · 21s oldContract ↗

History: average of Kalshi and Polymarket daily close, 2026-10-10 to 2026-11-09 (31 rows). Daily closing average of Kalshi and Polymarket. The last point is today’s observation.

DateValue
2026-11-0932.9%
2026-11-0832.8%
2026-11-0734.5%
2026-11-0635.6%
2026-11-0536.1%
2026-11-0430.9%