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Prediction markets have gained serious momentum in recent years, but this rising industry can be a little bit overwhelming for new users. We’re here to help with our guide to the best prediction market apps and websites in 2026.
We’ve thoroughly reviewed the best prediction markets, including Kalshi, Polymarket, and FanDuel Predicts, and compiled a comprehensive guide below.
The best prediction markets
Two platforms are driving much of the growth in this industry.
Kalshi, a fully regulated exchange in the United States that lists event contracts tied to measurable outcomes such as inflation reports, weather events, and political milestones, and Polymarket, which just got the green light to resume operations in the United States after a four-year ban.
After growing into one of the biggest sportsbooks and DFS platforms in the world, FanDuel launched its prediction market platform, FanDuel Predicts in 2026.
Other operators, like Novig, are in the space, and sports betting companies like Fanatics, and DraftKings have expressed serious interest in launching platforms of their own.
What is a prediction market?
A prediction market is a platform where people trade contracts based on the outcome of future events, like a presidential election, the Oscars, or the Super Bowl.
The price of each contract reflects the market’s collective estimate of how likely that event is to happen, and is based on the money traded on either side of the outcome. For instance, if there’s a market for the next head coach of the Knicks, and more money is coming in on a particular candidate, his price will shorten.
Simply, if a contract trades at 60 cents, it generally signals a 60 percent probability. Traders profit when they believe the market has assigned the wrong probability and they end up being correct. Because every participant has an incentive to be right, prediction markets often serve as reliable forecasting tools that blend information, sentiment, and expertise into one clear number.
What makes prediction markets different from sportsbooks?
Kalshi is very different from sportsbooks and other trading platforms.
Instead of betting on the outcome of a game or a prop, users are trading on the outcome of real events in the world, like political elections, award ceremonies, or even inflation rates.
Prices shift on demand, meaning the more money that comes in on a prediction, the shorter the price will get.
For example, if money pours in on Gavin Newsom to become the next president, the price on “Yes” will increase, while the price on “No” will decrease.
Pros and cons of prediction markets
The most notable benefit of prediction markets is that users are not going up against the house. No bookmaker is setting the price or an algorithm coming up with opening odds. Prices at prediction markets are driven by the market and by volume.
Another pro for prediction markets is the flexibility. Users can easily trade in and out of positions at prediction markets, unlike at sportsbooks, which offer cash-outs, but not on every option.
The most obvious downside is that this is still a fledgling industry, and legality will remain a concern for the coming months.
Tips for new users at prediction markets
- Don’t just dive in head-first. Observe, learn about the market dynamics, and don’t trade until you feel confident about a position.
- Stick with markets you’re comfortable with. If you are a basketball expert but don’t know anything about politics, it would be smart to stick with what you know, rather than get caught up in the excitement of these new markets just because they are available.
- Trade responsibly. Just as with sportsbooks, stick with a disciplined approach if you decide to open an account at a prediction market.
Polymarket
Polymarket is at the forefront of the prediction market industry as we head into 2026.
The platform’s rise has closely followed moments of heightened public attention. Election cycles, major geopolitical developments, and headline-driven news events have all fueled increased interest in Polymarket.
As audiences look for ways to cut through noise, prediction markets have gained credibility as an alternative signal to polls, forecasts, or opinion-driven analysis.
Polymarket has benefited from this shift by offering a constantly updating view of how participants are reacting to new information as it happens.
Media companies, leagues, and other stakeholders find Polymarket to be a useful tool. Not just for storytelling, but for analysis, data-gathering, and seeing where public sentiment is shifting.
Market prices provide a clean, numerical snapshot of public expectations that can be referenced in articles, graphics, and broadcast segments. Instead of framing coverage around who “feels” ahead, and how things have changed over time. This is especially valuable during election seasons, where audiences want updates that reflect momentum, uncertainty, and late-breaking developments.
Because its markets update continuously, Polymarket’s data is ideal for blogs, social posts, and on-air tickers.
Journalists and broadcasters can add context to why a probability jumped or fell, tying market movement directly to breaking news or debate moments. This adds depth without requiring a prediction or endorsement from the outlet itself.
As media companies search for new ways to engage audiences, Polymarket offers a dynamic lens on how news is being processed in real time. Its growth reflects a broader shift toward probabilistic thinking, where uncertainty is not avoided but measured, tracked, and discussed openly.
Polymarket referral code
Deposit $20, Get $50 Trading Bonus!, with the Polymarket promo code NYPMAX
Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH.
Kalshi
Kalshi is a regulated prediction market that allows users to trade on the outcome of real-world events. Instead of placing a traditional bet, users buy and sell contracts that settle at $1 if a specific outcome occurs and $0 if it does not.
The price of each contract reflects the market’s collective belief about the probability of that outcome. If a contract is trading at 62 cents, the market is effectively saying there is a 62 percent chance the event will happen.
Kalshi is overseen by the Commodity Futures Trading Commission, the same federal regulator that governs futures and derivatives markets in the United States.
That means it operates legally in all 50 states, including states where sports betting or political betting is restricted. Kalshi users are trading federally regulated event contracts, not placing wagers with a bookmaker.
This distinction has made Kalshi one of the few platforms where Americans can legally trade on political outcomes, economic data, and major real-world events.
Kalshi’s appeal to new users starts with simplicity and transparency. Contracts are easy to understand, pricing is clear, and payouts are fixed. There is no vig baked into odds like at traditional sportsbooks, and users can exit positions early by selling contracts back to the market.
For media networks, Kalshi offers a powerful tool, especially during election cycles. Prediction market prices provide real-time, crowd-sourced signals about how voters and traders see a race unfolding. Networks can reference contract prices as a snapshot of market sentiment rather than relying solely on polls or pundit opinions.
This creates engaging, data-driven storytelling that updates continuously as new information enters the market. During elections, when audiences are hungry for clarity and momentum, these probabilities give broadcasters a way to frame uncertainty in numerical terms.
CNN signed a deal with Kalshi for the upcoming election cycles.
Kalshi sits at the intersection of finance, information, and media. Its federal regulatory status gives it legitimacy, its structure lowers the barrier to entry for new users, and its pricing data offers networks a compelling alternative lens for understanding major events, particularly in high-stakes moments like elections.
Like Polymarket, Kalshi is a great tool for anybody who is interested in these events, whether they want to trade on them or not. They provide insights for conversation around the water cooler, too.
Kalshi referral code
Kalshi is offering readers of the Post a $10 promo code when they create an account using code POST.
All you have to do is sign up, enter the promo code POST, verify your account, and complete at least $100 in trades.
Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH.
FanDuel Predicts
FanDuel has become synonymous with sports speculation in the sports betting and DFS space, and now the gaming giant has joined the prediction market boom with FanDuel Predicts.
Since FanDuel Predicts is a new vertical for the company, it has plenty of catching up to do to make the kind of impact that Kalshi and Polymarket have made in the world of prediction markets, but you can feel pretty confident that they’ll begin to make headway.
One of the advantages that FanDuel had over other sportsbooks in the betting race was that it had a head start in attracting a customer base through its DFS offering. That won’t be the case here, as FanDuel will need to play catch-up against Kalshi and Polymarket in attracting users for FanDuel Predicts.
That said, FanDuel users will be comfortable with the familiar interface of FanDuel Predicts, and since FanDuel is a trusted name in gaming, there will be no learning curve when it comes to brand identity.
With the influence and resources that FanDuel owns, it will be sooner rather than later that we begin to see FanDuel’s impact on this exploding industry.
One way that FanDuel has begun to make its presence felt is with a generous sign-up offer: FanDuel Predicts promo code: Sign Up & Get $25 Bonus!
FanDuel Predicts promo code
Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NV, and OH.
Other prediction markets
- Novig
- Fanatics Markets
- Robin Hood
- Crypto.com
Where are prediction markets legal?
Prediction markets currently operate in all 50 states, though some operators are only legal in specific states. For example, Fanatics Markets is currently offered in 24 states, while Kalshi is live in all 50. Check each individual prediction market for its terms and conditions.
Are prediction markets legit?
Yes. Legal, regulated prediction markets like Kalshi and Polymarket are legit.
Why Trust New York Post Betting
Michael Leboff is a long-suffering Islanders fan, but a long-profiting sports bettor with 10 years of experience in the gambling industry. He loves using game theory to help punters win bracket pools, find long shots, and learn how to beat the market in mainstream and niche sports.
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