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).
The Fed hikes on Dec. 9: daily history
San Francisco 49ers win Super Bowl LXI: daily history
Democrats win the House: daily history
Democrats win the 2028 presidential election: daily history
JD Vance wins the Republican nomination: daily history
US prediction market apps compared
Every US prediction market operator and its CFTC status
Every figure and contract
Kalshi: Trade $25, Get $55
$55The 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)
Polymarket US: Deposit $10 get a $25 trading bonus
$25The 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)
FanDuel Predicts: Trade $5, Get $100
$100The 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)
OG Predictions: Trade $10, Get $10
$10The 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)
DraftKings Predictions: Trade $5+, Get $150 in Bonuses
$150The 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)
Prediction market volume, 30 days
$137.0BThe 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)
US prediction market apps trading now
8Prediction 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)
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).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXBALANCEPOWERCOMBO-27FEB-DD | constructed leg | 85.0¢ | 86.0¢ | 85.50¢ | midpoint | fresh · 138s old | Contract ↗ |
| Kalshi | KXBALANCEPOWERCOMBO-27FEB-RD | constructed leg | 0.3¢ | 0.4¢ | 0.35¢ | midpoint | fresh · 204s old | Same as above |
| Polymarket | 0x307a1ed89d60b61002dd5bbf00e1408c5ed2ab3fcdb056191ca7ef9bc34d38f3 | direct contract | 88.0¢ | 89.0¢ | 88.50¢ | midpoint | fresh · 0s old | Contract ↗ |
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)
| Date | Value |
|---|---|
| 2026-11-04 | 87.2% |
| 2026-11-02 | 74.8% |
| 2026-11-01 | 70.7% |
| 2026-10-31 | 71.2% |
| 2026-10-30 | 70.3% |
| 2026-10-29 | 67.4% |
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).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26DEC-H25 | direct contract | 80.50¢ | last trade | fresh · 450s old | Contract ↗ | ||
| Polymarket | will-the-fed-increase-interest-rates-by-25-bps-after-the-december-2026-meeting-20260729232808636 | direct contract | 80.50¢ | last trade | fresh · 14s old | Contract ↗ |
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)
| Date | Value |
|---|---|
| 2026-11-09 | 80.5% |
| 2026-11-08 | 76.5% |
| 2026-11-07 | 76.5% |
| 2026-11-06 | 77.5% |
| 2026-11-05 | 64.5% |
| 2026-11-04 | 80.5% |
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).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXSB-27-SF | direct contract | 15.00¢ | midpoint | fresh · 11s old | Contract ↗ | ||
| Polymarket | will-the-san-francisco-49ers-win-the-2027-nfl-league-championship | direct contract | 14.0¢ | 15.6¢ | 14.80¢ | midpoint | fresh · 276s old | Contract ↗ |
| Polymarket US | tec-nfl-champ-2027-02-14-w-saners | direct contract | 15.50¢ | midpoint | fresh · 7s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-11-09 (167 rows). Kalshi daily close via DeFi Rate. Full history (CSV)
| Date | Value |
|---|---|
| 2026-11-09 | 15.0% |
| 2026-11-08 | 15.0% |
| 2026-11-07 | 13.5% |
| 2026-11-06 | 13.5% |
| 2026-11-05 | 13.5% |
| 2026-11-04 | 14.5% |
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).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | CONTROLH-2026-D | direct contract | 97.1¢ | 97.3¢ | 97.20¢ | midpoint | fresh · 138s old | Contract ↗ |
| Polymarket | 0xd5d9fc47718bd553592d126b1fa5e87183d27f3936975b0c04cc0f2dec1f1bb4 | direct contract | 98.1¢ | 98.2¢ | 98.15¢ | midpoint | fresh · 0s old | Contract ↗ |
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)
| Date | Value |
|---|---|
| 2026-11-04 | 97.2% |
| 2026-11-02 | 93.8% |
| 2026-11-01 | 93.2% |
| 2026-10-31 | 93.6% |
| 2026-10-30 | 93.8% |
| 2026-10-29 | 91.9% |
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).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXPRESPARTY-2028-D | direct contract | 65.50¢ | last trade | fresh · 296s old | Contract ↗ | ||
| Polymarket | will-the-democrats-win-the-2028-us-presidential-election | direct contract | 67.50¢ | last trade | fresh · 11s old | Contract ↗ |
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.
| Date | Value |
|---|---|
| 2026-11-09 | 66.5% |
| 2026-11-08 | 67.0% |
| 2026-11-07 | 66.5% |
| 2026-11-06 | 66.5% |
| 2026-11-05 | 66.5% |
| 2026-11-04 | 66.0% |
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).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXPRESNOMR-28-JDV | direct contract | 33.50¢ | last trade | fresh · 234s old | Contract ↗ | ||
| Polymarket | will-jd-vance-win-the-2028-republican-presidential-nomination | direct contract | 32.20¢ | last trade | fresh · 21s old | Contract ↗ |
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.
| Date | Value |
|---|---|
| 2026-11-09 | 32.9% |
| 2026-11-08 | 32.8% |
| 2026-11-07 | 34.5% |
| 2026-11-06 | 35.6% |
| 2026-11-05 | 36.1% |
| 2026-11-04 | 30.9% |