With prediction markets becoming more popular in the United States, we’re seeing more brands open their virtual doors to US traders. Now that you have several options, you might be wondering which ones are the best prediction market apps.
After evaluating several brands in this category, Kalshi emerged as our top pick. It scores highly in several aspects, from broad event coverage to great prices and handy trading tools. As you read on, you’ll learn why Kalshi is at the top of our list, as well as the most important features to consider when choosing a prediction market app.
A prediction market is not a betting platform. Unlike sportsbooks where you wager on sports, you trade event contracts on prediction markets. These platforms use a Yes-or-No format in which you choose whether or not an event will happen. So, for every market on a prediction site, you have both Yes and No contracts that you can buy.
Every contract has a price between 1 and 99 cents. You can buy as many contracts as you want. Once the event settles, you get a $1 payout for every accurate prediction and a $0 payout if your prediction is not accurate.
Another highlight of prediction markets is their coverage of various events. They often feature contracts for sports, politics, climate, entertainment, cryptocurrency, and economic events. So, don’t be surprised to find esports prediction market apps where you can also trade outcomes of electoral and conventional sports events.
Many prediction markets operate directly from a website, but some also have dedicated mobile applications that you can easily download. Even if there is no app, their websites are usually built to function on various devices. So, you can still launch the platform on your mobile browser and make trades.
Are prediction markets legal? This is one of the most common questions we get from new traders. In simple words, yes, prediction markets are legal in the US. However, there are a few things to note. These platforms do not operate under the same regulations as conventional sportsbooks. For them to legally offer services in the US, they need to be regulated by the Commodity Futures Trading Commission (CFTC).
Keep in mind that regulations regarding prediction market apps can change at any time. We recommend staying up to date on these changes to ensure you can use such platforms legally in your state.
We have used several prediction market apps. Thanks to our experience, we can easily spot highly functional, trustworthy platforms where you can rest easy when trading on event outcomes. Below is an overview of the major factors we consider when choosing the best prediction market apps:
No matter how appealing the services of a prediction market app are, you won’t enjoy them if the app lags. That is why we always pay attention to how the application functions on both Android and iOS devices. We note the interface layout, as it determines how easily you can navigate from one section to another. An application gets a better rating in terms of functionality if it loads quickly.
When using a prediction market app, you’ll most likely have to verify your identity and make payments. Both processes require you to reveal sensitive information, which is why we always prioritize safety when choosing a prediction platform.
Our top prediction market apps are regulated by the CFTC and use high-end security protocols to protect your details. They often include two-factor authentication, which you can activate to add an extra layer of protection to your account.
Although brands like Kalshi are currently available in all 50 US states, the same is not true for other prediction markets. This makes it essential to check the platform’s availability in the US. We look for brands that offer services in more US states, as there is room for more traders.
The more events one can trade on, the better. As such, we check for prediction markets with a wide coverage of different events. Even if they are CS2 prediction market apps, for instance, we expect them to provide markets for events beyond those of Counter-Strike 2. We’re talking contracts for traditional sports like football, elections, weather, and entertainment.
When reviewing prediction market apps and sites, we look for high liquidity and trading volume across popular categories. High liquidity and trading volume show that there are a lot of active buyers and sellers. As a result, trades execute quickly at stable prices.
A prediction market receives a higher rating if it offers tools that enhance the trading experience. Some of the tools we check for are as follows:
Deposits and withdrawals are some of the most important activities you’ll carry out on a prediction market app. For both transactions, you need reliable payment methods. This makes it essential to check the available options on a platform. Top brands support well-known payment methods in the US, including debit cards, e-wallets, bank transfers, and cryptocurrencies.
In addition to the available payment methods, we check the fees that apply to transactions and trades. Most importantly, we read the terms and conditions of all platforms, even gaming prediction market apps. This is to ensure there are no caveats that prevent traders from easily cashing out their wins.
Kalshi takes the crown as the overall best prediction market app. Here is an overview of the brand:
| 📆 Year founded | 2018 |
| 🛡️ Regulatory | Commodity Futures Trading Commission (CFTC) |
| 📲 Mobile apps | iOS and Android |
| 🎊 Welcome bonus | $10 |
| 🗂️ Available event categories | Politics, sports, culture, crypto, commodities, climate, economics, financials, Tech & Science |
Since its launch in 2018, Kalshi has established itself as a solid platform for trading event outcomes. For starters, it is regulated by the CFTC and offers services in all 50 US states. It has mobile applications for both iOS and Android devices. These apps are lightweight and feature intuitive interfaces that make them easy to use.
As a new Kalshi user, you can claim a $10 bonus when you spend your first $10 in trades. It also has leaderboards, an incentive program, and a referral system that offers up to $1,000 as a bonus for inviting new users. For event contracts, you have hundreds spread across multiple categories. You can fund your account with debit cards, e-wallets, bank transfers, and cryptocurrencies, then easily make trades and track them on the app.
There are several highlights of prediction market apps, especially if you’re using the best ones. Still, there are a few downsides to keep in mind. Below is a summary of the pros and cons of these platforms:
Prediction apps allow you to trade on the outcomes of various events from your mobile device. The best ones are easy to download and offer multiple features to ensure you enjoy a smooth trading experience.
Of the many prediction markets currently operating in the US, Kalshi is our top pick, and for all the right reasons. Besides offering highly functional mobile applications, it is regulated by the CFTC and operates in all 50 US states. There is a decent welcome bonus, a few reward systems, and hundreds of daily markets to choose from.
If you’re interested in the prediction market, you can easily download its mobile app from your app store. The website is a great alternative if you do not want to download anything. You can access the site simply by clicking on the Kalshi link on this page. Note that you must be at least 18 years old to join the platform.
Yes, most trading market apps charge fees for trading. You can check the brand’s terms and conditions to confirm the fee structure.
Yes, prediction markets have welcome bonuses. However, this is not true for every single brand. If there is a welcome bonus, read the fine print to see the requirements that apply to the offer.
Kalshi is the best prediction market app for beginners. It has an easy-to-use interface and tools you can use to track your trades.
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