Best Prediction Market Apps in October 2026: Sports, Events & More

What are the best prediction market promos right now?

I've compiled a table of the best prediction market apps, highlighting each platform's welcome offer and best feature.

Last updated October 2026

Best prediction market apps reviewed

Prediction market apps are widely available in the US, with many operating in all 50 states plus DC. I've taken the time to conduct thorough reviews of the best platforms and the best prediction market promos to help you sort through a cluttered landscape.

1. Kalshi 🟢 - Best overall

• What platform Kalshi is on: iOS, Android, desktop
• Who Kalshi is best for: Beginners and experienced traders, especially those in states where sportsbooks are illegal, looking for a wide range of options
• Key available markets: Sports, entertainment, economy, politics, weather
• Legal states: All states + DC (excluding NV and WA)*

Kalshi is federally regulated by the Commodity Futures Trading Commission (CFTC) and offers event-based prediction markets and more. You can use Kalshi in California and most other states, making it one of the most accessible prediction market apps.

I personally have used Kalshi often in California, trading World Cup, MLB, and NFL markets. Making trades is simple, and I never encountered high slippage, which is unfortunately common on other platforms. 

Tracking my trades in real-time was simple, and I was able to easily find the current price, what my current profit would be if I sold my shares, and more. The ability to sell early to lock in profits is one of my favorite traits of Kalshi. For serious traders, this is even easier now that Kalshi Pro exists.

At this time, you can use the Kalshi promo code SBR35 to earn a $35 bonus after making $25+ worth of trades. After acquiring this bonus, you can send your unique referral link to up to 40 friends. I've already sent mine to 10, with both parties receiving $25 in bonus funds after we each met the required deposit and trading requirements. 

Want to learn more about how to use Kalshi? Check out SBR's thorough Kalshi review. While there are other great apps like Kalshi, Kalshi remains my top choice for prediction market apps.

Pros ✅

• Wide variety of trading markets available
• Great banking options
• Easy to claim welcome bonus

Cons ❌

• Complex fee structure
• Competitors have sign up bonuses with higher maximum values.

*Kalshi is in the midst of a legal battle in Michigan. The state previously ordered Kalshi to stop offering sports events markets, but the CFTC responded by ordering Kalshi to continue offering them, claiming the state doesn't have the authority to demand such action.

2. Polymarket 📈 - Best for market variety

• What platform Polymarket is on: iOS, Android, desktop
• Who Polymarket is best for: Traders who are comfortable with crypto and looking for excellent market variety
• Key available markets: Sports, entertainment, economy, politics, weather
• Legal states: All 50 states + DC (excluding Nevada)

Under the oversight of the CFTC, Polymarket is available in all 50 U.S. states (except Nevada). While there are many apps like Polymarket, the platform separates itself from the competition with a great variety of available markets. You'll find everything from politics and culture to crypto and sports.

My only real knock on Polymarket is that you must withdraw via a crypto wallet. While this might be a positive for some, I'm not an avid crypto user, so I found the entire withdrawal process to be tedious. I'd like to see Polymarket include some fiat withdrawal methods in the future, especially since I was able to fund my account with my bank account.

Using the Polymarket promo code SBR landed me one of the best welcome bonuses in the industry. All I had to do was deposit $10 to receive a $25 trading bonus. No initial trade was necessary. I highlight the benefits of this welcome bonus in my Polymarket review.

Kalshi and Polymarket are the top two prediction market apps, so if you're having a hard time deciding between the two, I've performed an in-depth comparison here: Polymarket vs. Kalshi.

Pros ✅

• Available in all 50 U.S. states (excluding Nevada)
• Crypto friendly banking options
• Plenty of liquidity on major markets

Cons ❌

• Limited fiat currency banking options
• Withdrawals limited to just crypto
• Android App needs more polish (but the iOS version is excellent)

3. FanDuel Predicts 🔵 - Best for beginners

• What platform FanDuel Predicts is on: iOS, Android
• Who FanDuel Predicts is best for: Prediction market rookies who want to use a proven brand
• Key available markets: Finance, economics, commodities, sports
• Legal states: All 50 states + DC

FanDuel Predicts is one of the latest products from a very trusted brand. FanDuel has long been one of the leaders when it comes to daily fantasy sports (DFS) and regulated online sports betting, so it was no surprise when it announced a new prediction market platform to add to its portfolio.

FanDuel Predicts is a strong offering, even if it's not as fully featured as Kalshi or Polymarket. It feels like FanDuel is being cautious with the launch of its Prediction Market product as the legal fights surrounding jurisdiction continue to play out.

In particular, FanDuel Predicts is careful not to infringe on its preexisting sports betting licenses in dozens of states. As a result, FanDuel Predicts only offers sports markets in 18 states: AK, AL, CA, DE, FL, GA, HI, ID, MN, ND, NE, NM, OK, RI, SC, SD, TX, and UT.

Notably, these states are where FanDuel Sportsbook isn't available. New customers in any of these states can get an excellent welcome bonus: Trade $5, Get $100 in Predicts Bonuses. You won't need a FanDuel Predicts promo code to qualify, either. 

In all other states, though, FanDuel Predicts still offers a wide range of markets in finance, technology, culture, and commodities. Just no sports. 

Want to see how FanDuel Predicts compares to a top prediction market app? Check out SBR's FanDuel Predicts vs. Polymarket page.  

Pros ✅

• Familiar interface from a proven brand name
• Low risk welcome bonus
• Excellent mobile app

Cons ❌

• Sports markets (and welcome bonus) only available in 18 states
• Not as much market variety as Kalshi or Polymarket

4. ProphetX ✖️ - Best new prediction market app

• What platform ProphetX is on: iOS, Android, desktop
• Who ProphetX is best for: Traders who are looking for a trusted platform that is new to the prediction market industry and offers plenty of sports markets
• Key available markets: Sports
• Legal states: All states + DC (excluding NV)

ProphetX has been around since 2018, but it only recently became a prediction market app. In June 2026, ProphetX earned status as a designated contract market (DCM) from the CFTC.

While I love that this platform is operated by a trustworthy operator, I hope to see more markets become available in the future. Right now, only sports markets are available, which is very rare for prediction market apps. However, if you're only interested in sports, then ProphetX is a great option.

I was able to sign up, enter the ProphetX promo code SBR, then trade $50 or more and get $75 in bonus funds, which arrives as three $25 increments. This is a solid welcome bonus that competes well with other offers from top competitors. 

Pros ✅

• A trustworthy app with a long history gives the prediction market app a great place to start
• Available in most states, including those without legal sportsbooks

Cons ❌

• Doesn't offer many markets, and none outside of sports
• High fees
• Low liquidity

5. Novig 🪙 - Best low-risk, high-reward welcome offer

• What platform Novig is on: iOS, Android, desktop
• Who Novig is best for: Traders looking for a low-risk welcome offer that dishes out more bonus funds than most other platforms.
• Key available markets: Sports
• Legal states: All except MI, AZ, and NV

After briefly operating as a dual prediction market and sweepstakes platform, Novig is officially a full-fledged prediction market app. In my opinion, this is great news. It makes the app much more accessible for new players, and it eliminates any confusion that was previously caused by Novig Cash and Novig Coins. 

Using the Novig promo code SBRBONUS will unlock one of the top prediction market bonuses: Deposit $10, get $50 in Trade Credits. While this bonus requires a deposit, you won't need to make any trades to earn its full value.

Additionally, Novig offers great daily login bonuses, challenge rewards, and monthly challenges. You'll also find an excellent mobile app that boasts high ratings on both Apple (4.6) and Android (4.3).

Pros ✅

• Great welcome offer
• Lower fees/juice on sports predictions

Cons ❌

• Low liquidity on less popular markets
• Limited payment options
• Only sports markets are available

6. Underdog Predictions 🐶 - Great mobile app

• What platform Underdog is on: iOS, Android, desktop
• Who Underdog is best for: Mobile first sports predictions
• Key available markets: Sports
• Legal states: 38 states + DC (AL, AK, AR, CA, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, LA, ME, MN, MO, MT, NE, NH, NM, NY, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WA, WV, WI, WY, DC)

Now that Underdog is operating fully as a prediction market platform, it's offering multiple exciting new user promos. My favorite welcome bonus is the Play $10, Get $50 offer. Simply deposit $10, then play $10, and you'll receive 5 $10 DFS contest entries. Each entry is administered once per day for 5 days.

There is also a 50% first deposit match worth up to $1,000. To max out this bonus, you'll need to deposit $2,000, which is a lot. Still, no other prediction market platform is offering $1,000 worth of bonuses. And you'll also find a Rips Packs promo, giving new users 5 free Rips worth up to $750.

No matter which of the three bonuses you choose, after signing up, you'll be able to play a game called Keep Your Million. You'll start with a $1,000,000 pot and answer questions about players. Simply pick higher or lower, and if you're right, you keep however much you wagered. After 20 questions, whatever is left in your pot will be credited to you as bonus funds. 

You'll need the Underdog promo code SBRBONUS to get started.

Pros ✅

• A strong focus on sports
• Multiple regulated exchange partners
• Award-winning mobile app

Cons ❌

• Lower liquidity (at least for now)
• Trading restricted or unavailable in some states

7. Gemini ♊ - Crypto friendly prediction market

• What platform Gemini is on: iOS, Android, desktop
• Who Gemini is best for: Bonus hunters; crypto users
• Key available markets: Sports, culture, finance
• Legal states: All 50 states + DC

Gemini Predictions is a prediction market platform integrated into the Gemini cryptocurrency exchange. It went live in December 2025, offering contracts on sports, crypto, economics, politics, tech, business, and cultural events. It's available on both iOS and Android under the name Gemini Markets.

Although Gemini doesn't do much differently from other big prediction markets in terms of available markets, it does come with a nice welcome bonus. 

If you meet all the eligibility requirements, you can earn up to $100 in Predict Cash after your first deposit and trade. You won't need a Gemini promo code of any kind, either. 

Pros ✅

• More than just sports markets
• Dual pricing view to quickly understand potential profits
• No trade caps, meaning you can trade as high as liquidity allows

Cons ❌

• Less popular platform means lower liquidity in niche markets
• Slightly higher fees than some competitors
• Customer support is slow to respond, and the AI chatbot isn't very helpful

8. OG 🅾️ - Best for live sports trading

• What platform OG is on: iOS, Android, desktop
• Who OG is best for: Traders looking to trade live sports contracts
• Key available markets: Sports, entertainment, economy, politics, weather
• Legal states: All states + DC except for New York and Arizona (IL, MA, MD, MI, NJ, NV, and OH don't allow trading of sports contracts)

OG offers plenty of markets related to sports, politics, climate, crypto, and more. While the platform doesn't do anything objectively better than Kalshi or Polymarket, I enjoyed how easy it was to trade live markets, especially on player props.

Because OG.com isn't as big a platform as Kalshi or Polymarket, I found that share prices are much more volatile at OG. This can be both good and bad.

Sometimes, prices at OG are significantly better than at one of the other top operators, while sometimes the prices are significantly worse. Because of this, my recommendation is to always compare prices between OG and another platform, then make a trade wherever the price is best for the most value.

Signing up with the platform allowed me to unlock the OG promo code and receive $50 in bonuses after making $25 worth of trades. There are plenty of deposit methods available. While I used an ACH bank transfer, you can also use PayPal, instant deposit, Venmo, wire transfer, and Google or Apple Pay (debit cards). Unfortunately, to withdraw, you must use an ACH bank transfer.

Pros ✅

• Top-notch sports markets
• Great for live trading
• Low fees and cryptocurrency support

Cons ❌

• Limited customer support
• Some trading restrictions in certain states (NY, IL, MA, MD, MI, NJ, NV, OH)
• Can only withdraw fiat currency through an ACH bank transfer

9. Plus500 ➕ - Best new prediction market

• What platform Plus500 is on: iOS, Android, desktop
• Who Plus500 is best for: Users looking to try a new platform
• Key available markets: Sports, economy, politics
• Legal states: All states + DC

Plus500 recently launched its own prediction market, adding its name to an increasingly crowded landscape of options for customers. Its markets are provided by Kalshi, which is both good and bad. On the positive side, you'll find plenty of market variety. Unfortunately, that also means Plus500 doesn't stand out in any truly unique way. 

Right now, new customers can use the Plus500 promo code SBRBONUS to claim a $20 welcome bonus. You just need to deposit and trade $10 or more to be eligbile. 

Pros ✅

• Low commissions
• Contracts backed by Kalshi through Kalshi Klear LLC
• Great reputation as a legit fintech company; publicly traded company.

Cons ❌

• Newer, less proven prediction market platform
• Less focus on sports markets

10. Crypto.com 🪙 - Best for crypto transactions

• What platform Crypto.com is on: iOS, Android, desktop
• Who Crypto.com is best for: Traders already using Crypto.com, and those who want the best crypto experience for sports prediction markets
• Key available markets: Sports, entertainment, economy, politics, weather
• Legal states: All states + DC (excluding NY)

Traders in most US states can use Crypto.com to make predictions for the NFL, NBA, college football, MLB, or various pop culture and economic markets. That said, liquidity is a bit of a problem in niche markets.

While having this many available markets is great, I can't get over the fact that unlocking the Crypto.com promo code won't earn you a welcome bonus. This is a serious issue, especially as leading competitors start offering bonuses worth over $100. However, the platform does offer referral bonuses if you can get your friends to join. 

However, if you're already familiar with the platform, or crypto is your preferred deposit and withdrawal method, then there is a lot to like about Crypto.com. There are more than 400 crypto and fiat currencies available to use. I've used a lot of platforms, and none come even remotely close to that total.

Pros ✅

• Most cryptocurrencies available for purchase or to trade with
• Native mobile app to make buying, selling, and trading simple
• Early Exit flexibility to sell contracts before the outcomes are resolved

Cons ❌

• No welcome bonus
• Low liquidity in some markets

11. Moon 🌕 - Best for stocks and futures

• What platform Moon is on: Desktop only
• Who Moon is best for: Traders who are interested in stocks, futures, or forex
• Key available markets: Crypto, stocks, commodities, forex
• Legal states: No CFTC license yet

Moon Predicts is a new addition to the prediction market scene. While it has relatively few markets so far, new users can use the Moon promo code SBR to grab a 3.5% Rakeback welcome bonus.

Unfortunately, Moon is not licensed by the CFTC, putting it in a legal grey zone in the United States. Most American users will get a notification that says, "We are sorry, but Moon is not available in your country," if they attempt to register. 

Pros ✅

• Unique Rakeback welcome bonus
• Leverage trading multiplier
• Fast crypto banking options

Cons ❌

• No dedicated mobile apps
• Not currently CFTC licensed
• No sports markets

12. Onyx 🪨 - Best for social sports predictions

• What platform Onyx is on: iOS, Android, Desktop
• Who Onyx is best for: New prediction market to use
• Key available markets: Sports, tech, finance, crypto
• Legal states: AL, CA, CO, ID, IN, LA, ME, NJ, WV

Onyx Odds has existed for a while now, operating mostly as a daily fantasy sports and social sports sweepstakes product. However, the company recently launched Onyx Predictions in nine states as a CFTC-registered prediction market. You can sign up now in any of the above states

New users can claim the standard welcome bonus with our Onyx promo code SBR: Spend $10, Get $50

Pros ✅

• Solid welcome offer
• Fully revamped mobile app

Cons ❌

• Prediction Market has limited availability
• Not all Onyx products are available in every state

13. Fanatics Markets 🤩 - Best market coverage for awards shows

• What platform Fanatics Markets is on: iOS, Android, desktop
• Who Fanatics Markets is best for: Traders interested in pop culture and political markets
• Key available markets: Sports, entertainment, economy, politics, weather
• Legal states: AL, AK, CA, DE, FL, GA, HI, ID, ME, MN, MS, NE, NH, NM, ND, OK, OR, RI, SC, SD, TX, UT, or WA.

To me, Fanatics Markets is one of the best-thought-out prediction platforms. It's easy to navigate, offers unique markets, and has an excellent Help Center with numerous FAQs.

My favorite thing about the app is that it offers plenty of coverage of awards shows and other pop culture events. If you're into the Grammys, Oscars, or Emmys, you will find no shortage of markets. Of course, there are also plenty of sports markets.

I was also able to unlock the Fanatics Markets promo code and grab a 100% trade match up to $150 (over 14 days). While you'll need to trade a lot to max out this bonus, it's one of the largest in the industry. There's also an extra $500 in FanCash bonuses available to anyone who trades more than $10,000 in their first seven days. 

My main hope is that Fanatics Markets introduces more payment methods soon. Right now, you can only deposit with online banking, debit cards, or Apple Pay. Withdrawals are even more limited, as online banking is the only option unless you plan to withdraw over $1,000.

Pros ✅

• Great coverage of awards shows and other pop culture events
• Available in states where Fanatics Sportsbook isn't
• No deposit welcome bonus

Cons ❌

• Limited payment options
• Bonuses after the welcome offer have high entry points

14. Robinhood 🏹 - Best for sports and stock trading

• What platform Robinhood is on: iOS, Android, desktop
• Who Robinhood is best for: Traders who already use Robinhood and want to trade sports contracts in the same location as their stocks
• Key available markets: Sports, entertainment, economy, politics, weather
• Legal states: All states + DC

Robinhood is certified by the CFTC and is a member of the Securities Investor Protection Corporation (SPIC) and the Financial Industry Regulatory Authority (FINRA). If you're looking to purchase prediction market contracts on the same platform where you trade stocks, there is no better app than Robinhood.

However, even if you're unfamiliar with Robinhood, this is a platform that is still worth checking out. When using the app, I found plenty of markets tied to sports, the climate, elections, the economy, and more. Unfortunately, there are no player props available for sports markets.

Finally, when I unlocked the Robinhood promo code, I received just one single $5 stock. That's pretty weak when compared to the bonuses from leading competitors.

Pros ✅

• Low commissions and account minimums
• Simple "Yes/No" contracts
• Lower fees for Gold Members

Cons ❌

• The mobile app is missing some useful features
• A lack of predictions-focused support options
• Weak welcome offer

Users can also consider Coinbase promo code, ROLR prediction market promo code, and the Sleeper Markets promo code. 

How to sign up with prediction market apps

In this step-by-step guide, I explain how to register, make trades, and ultimately withdraw winnings at the best prediction market apps.

1. Register 📋

I've signed up for more than 20 prediction market apps. While there are always going to be minor differences, such as whether you need to enter a promo code or sign up with Google rather than an email address, the steps I followed were pretty much the same everywhere.

Signing up at a prediction market app is just like registering at any traditional sportsbook. You'll need to enter an email address and password, then present personal information, like your name, date of birth, and Social Security Number.

On some prediction market apps, you'll need to enter additional information, such as household income, or upload a government-issued ID and a picture of yourself.

For apps with a promo code, enter it during registration to ensure you receive your welcome bonus.

2. Deposit 💰

Once you've made your account, you'll need to fund it. Check out each app's banking methods to decide how you'd like to make your deposit. While almost every platform allows you to deposit money with cards or your bank account, others allow for transfers via cryptocurrency. Crypto.com, for example, allows for over 400 cryptocurrencies to be used as payment methods.

3. Make trades 📈

Once your account is funded, you can start trading. Take a look through the app's different offerings, select the market you're interested in, then select either Yes or No. It's that easy!

Some bonuses won't be administered until you have met certain trade requirements, so be sure to read the terms and conditions for each app you sign up for.

4. Withdraw earnings 🤑

After you've made some successful trades, it's time to withdraw. Many platforms will only let you withdraw funds via methods you've already used for a deposit. Others have certain restrictions for specific methods.

One other thing to be aware of is that some bonuses won't trigger if you withdraw before meeting trading requirements. Be sure your withdraw isn't going to harm your chances of taking advantage of a promo before you go ahead with it.

How I rate the best prediction market apps

I've spent more than 10 hours on each of the best prediction market apps to bring you the 10 best options. Each app that I've reviewed thus far is one of the best NFL prediction market sites. Below, I've listed the criteria used to rate the best platforms:

• Regulation and licensing: Every app that I recommend is federally regulated and operates legally within the US. Therefore, all of the platforms I've reviewed so far receive a high rating in this category.
• Available markets: I look for wide market availability, beyond just sports and basic pop culture events. The more markets available to users, the higher the rating in this category.
• Fees and spreads: I expect fair spreads from all prediction market apps, and I ensure that users aren't being taken advantage of by platforms with unnecessarily high trading fees.
• Liquidity and market depth: While all of my recommended apps offer basic markets, I look specifically for apps that offer more than just game lines and championship futures. But having niche platforms isn't enough. An app will only receive a high rating in this category if it has the liquidity to fill orders for these niche markets.
• Mobile app and UX: Easy-to-use mobile apps are vital. Every platform I recommend is easy to navigate and offers an excellent user experience.
• Funding and withdrawals: I look for platforms with diverse options when it comes to deposits and withdrawals. Apps score higher for having multiple banking, crypto, and alternative fiat options.
• Support: Customer support is a big deal, and I look for platforms that offer help beyond just an AI chatbot. I want to be able to talk to real humans. Having numerous ways of getting in contact, such as live chat, social media, email, and more, is also a plus.

What are prediction market apps?

Prediction market apps are a cross between a sportsbook and a stock trading platform. Instead of betting against the house, you buy contracts for a certain price in hopes they will resolve in a certain way.

For example, on Kalshi, if you back a team with a 33% chance to win, then you're buying a 33-cent prediction contract. If that team wins, you'll win $1 (of which $0.67 is profit) for every contract you own.

What really differentiates prediction market apps from sportsbooks is that you're not playing against the house; you're playing against other users. So if I purchase 33-cent contracts, my trade is matched directly with 67-cent contracts, completing the full $1-per-contract payout. You'll also find many more available markets, as prediction apps tend to have political, entertainment, and financial markets that you won't find at traditional sportsbooks.

Because of how these sites work, contract purchase prices tend to fluctuate significantly and are usually heavily based on analysis from other sites that track prediction volume and betting odds. Often, I've been able to find better odds at prediction market apps than at regular sportsbooks.

How to choose the best prediction market apps

Choosing the best prediction market app for you can be difficult. If you keep these criteria in mind, then I think you'll end up satisfied with your decision:

• Availability: Prediction markets are generally available in more states than traditional sportsbooks. You can use Kalshi in Florida, for example. However, there are some exclusions, so check that the platform you want to use is available where you live.
• Pricing: Shopping around for the best price is always smart. If you can buy a specific contract for $0.44 on one platform but $0.39 on another, you should opt for the cheapest option.
• Market Variety: Some prediction market apps focus solely on sports, while others include dozens of non-sports markets. The more options, the better the trading experience.
• Ease of Use: The best prediction market platforms have convenient and stable mobile apps or desktop websites, making it quick and easy to view markets and confirm trades.
• Banking: Some platforms support cryptocurrencies, while others focus on fiat currency options. Pick the prediction market that is right for your banking needs.
• Certification: Prediction markets are exploding, but ensure you use one that is officially regulated by the CFTC.
• Support: If you need to contact customer support, the best platforms offer phone, email, or live chat options.

Are prediction market apps legal?

Yes, prediction market apps are legal. They are overseen by the CFTC, which regulates them federally rather than state by state. However, there is a small (but growing) number of restricted states for some platforms, as state gaming regulators push back to protect their licensed sports-betting revenue. 

With states filing lawsuits against prediction market platforms, there have been nationwide discussions about whether they should be legal. One of the biggest states making headlines is Nevada, which successfully restricted Kalshi and Polymarket, at least for now. Washington, Michigan, and New York have all been particularly agressive in pursuing legal action against prediction markets. 

Despite all the legal battles that are ongoing, prediction market platforms remain a safe and legal option in the vast majority of the country.

Free vs. paid prediction market apps

All prediction market apps require you to deposit and make real money trades to use them. You won't find a true no deposit bonus at any of these sites. After all, you're not placing bets against the house, so bonus bets aren't being distributed as a way to get you to sign up. Instead, you're purchasing contracts from other investors.

How prediction market app models work

Prediction market models take everything into account, from recent team performance, past history for certain players against their upcoming opponent, and even the weather. Prediction models will take all of this information and then cycle through thousands of simulations to help traders make educated decisions.

These models can be very helpful before visiting a prediction market app, as they can help you understand what key piece of information the public may be missing to make their decision.

Prediction market apps vs. traditional sportsbooks

Prediction market apps and traditional sportsbooks operate in a similar fashion. At both, you will deposit money and predict that something will happen. If it does, then you will earn winnings.

The benefits of traditional sportsbooks are as follows:

• More sports betting options
• Lucrative bonuses

The benefits of prediction market apps are:

• Widely available in the U.S., with limited locations off-limits
• More trading options outside of sports
• Odds can be considerably better than those offered at sportsbooks, especially for underdogs
• Not playing against the house

Recent prediction market updates

Here's a roundup of the latest news concerning prediction markets in the United States:

October 2026

-FanDuel starts testing a 90-day limited VIP Program at FanDuel Predicts.

-Ohio gaming regulators give sports betting and fantasy sports license holders until Oct. 30 to end business dealings with prediction markets or face regulatory action, which could include the termination of state betting licenses. 

-Kalshi has until Nov. 9 to respond to a U.S. Supreme Court petition from New Jersey, as multiple states, tribal organizations, and even the NFL urge the case to be heard by the highest court in the land. 

-ROLR launches its real money prediction market in the U.S., after months of beta testing in "free-to-play" mode. 

-Underdog sues the state of Tennessee after gaming regulators issue a cease-and-desist letter for Underdog's prediction market platform, which also threatened its existing fantasy sports license. 

-More than three dozen state Attorneys General urge the U.S. Supreme Court to hear the Kalshi vs. New Jersey case and provide national guidance on how to regulate prediction markets. 

-The NFL takes a stance on prediction markets, declaring that the league believes event contract "swaps" are the same as bets. 

-Kalshi signs Atlanta Braves star Ronald Acuña Jr. signs to a new partnership deal, making him the first MLB player to team up with a prediction market. 

-Coinbase will stop offering event contracts on sporting events in Michigan on Oct. 10, 2026, in the wake of a recent court ruling. 

-Four native American tribal groups have partnered with Kalshi to launch a prediction market platform.   

-Polymarket introduced a handful of new consumer protection features, including voluntary deposit limits, self-exclusion periods, and mental health resources.   

-Ohio gambling regulators send cease-and-desist notices to ten prediction market companies, including Polymarket, Novig, Underdog, ProphetX, and more, after winning a key victory in court over Kalshi. 

-Kalshi donates $3 million to New York non-profit organization Housing Works, to help expand healthcare, job training, and community interests. Kalshi's headquarters is in New York City. 

-Trading volume on college football continues to surge on prediction markets. On Kalshi alone, more than $447 million in college football trades were made from Sept. 8 to 14. 

-Tribal gaming nations are gearing up for a major legal battle against prediction markets, according to comments made by tribal leaders at the Global Gaming Expo in Las Vegas. 

-CBS announces that Kalshi will be providing data for the network's coverage of the upcoming midterm elections. 

-The CFTC is proposing two new rules to the White House, which could be an attempt to redefine "financial swap."

September 2026

-The U.S. Sixth Circuit Court of Appeals becomes the second federal appeals court to issue a serious legal blow against Kalshi. The Court sided with earlier rulings from Ohio and Tennessee, which held that Kalshi violated state gambling laws.   

-As the MLB postseason begins, prediction markets see a huge surge in trading on the World Series winner. More than $15 million was traded on Kalshi and Polymarket alone in the 24 hours before the first Wild Card game started, bringing total trading volume over $140 million for the Fall Classic. 

-Prediction markets draw more than $8.5 billion in trading volume during Week 3 of NFL action. 

-The state of New York sues Polymarket, alleging they are offering illegal sports betting.  

-Missouri is the latest state to join the legal battle against prediction markets, as Attorney General Catherine Hanaway issues formal cease-and-desist notices to six major operators: Kalshi, Polymarket, Robinhood, Underdog, Novig, and Crypto.com.

-The CFTC warns prediction market operators about "mentions" markets, suggesting they are too easy to manipulate. However, the CFTC did not tell platforms to remove the markets. 

-Prediction Markets are booming, thanks in part to the new NFL season. According to Aldrin Research, an estimated $24.5 billion dollars was traded on NFL markets between Sept. 9 and Sept. 18. 

-Missouri Attorney General Catherine Hanaway orders six prediction markets to stop offering sports event contracts in the state, threatening legal action if they do not comply. 

-The Tunica-Biloxi Tribe of Louisiana becomes the first Native American group to offer its own prediction market app, in a somewhat controversial partnership with Kalshi. 

-Kalshi petitions the Ninth Circuit Court to rehear its previous case, which could delay the matter making its way to the U.S. Supreme Court. 

-New data from Citizens, Kalshi offered better pricing (4.32%) than traditional sportsbooks across Week 1 of NFL games. 

-The new Novig marketing campaign featuring actress Sydney Sweeney received plenty of attention, but attracted criticism from notable female athletes who felt the ads belittled women's sports.   

-The CFTC meets with groups representing 17 Native American tribes to discuss how prediction markets can co-exist and overlap with sports betting. 

-Kalshi launches a new marketing campaign featuring Marshawn Lynch and Pete Sampras to coincide with the opening weekend of NFL games. Kalshi saw more than $388 million in trading volume on NFL single-game event contracts on the first Sunday of football of the new season.   

-Illinois lawmakers propose a repeal of the prediction market tax that was put into place just a few months ago. The tax currently charges 1.75% per transaction, rising to 3.5% after five million trades (per year).

-Financial regulators in the United Kingdom are reportedly reconsidering their ban on prediction markets. 

-The first weekend of college football sees prediction market trading volume reach $790 million. 

-LeBron James teases a potential partnership with Polymarket on his social media accounts, although no details have been announced. 

-The NFL doubles down, once again requesting that prediction markets remove certain event contracts that are easily manipulatable, including some specific player props, broadcast mentions, and celebrity appearances. 

-Kalshi continues to wage legal battles in multiple states, as New Jersey formally petitions the U.S. Supreme Court to hear arguments about whether prediction markets can bypass state betting laws. 

-Kalshi accuses Washington State regulators of singling them out in legal action against prediction markets, arguing that if it cannot offer certain markets in the state, competing brands should also not be allowed to offer them either. 

-Kalshi suspends and fines North Carolina Congressional candidate Laurie Buckhout (R) for trading on her own election race. Buckout is now banned from Kalshi for three years and subject to over $2,500 in fines. 

-Investment firm 1789 Capital, linked to Donald Trump Jr., reportedly invests $300 million into Polymarket, putting the company's most recent valuation at $21 billion.