Prediction Markets
Compare prediction market platforms. Trade on the outcomes of real-world events across politics, crypto, sports, economics, and more.
Showing 8 prediction market platforms
Kalshi
🇺🇸 United States
Kalshi is the first CFTC-regulated financial exchange dedicated to trading on the outcome of future events. Founded in 2018 by Tarek Mansour and Luana Lopes Lara (MIT alumni), Kalshi was designated as a Designated Contract Market (DCM) by the CFTC in 2020, placing it alongside the CME and ICE. In 2024 it became the first regulated platform in over a century to offer legal election trading in the US. Backed by Sequoia Capital, Y Combinator, SV Angel, Charles Schwab, and Henry Kravis, Kalshi offers event contracts spanning politics, economics, climate, sports, culture, crypto, and financials.
Polymarket
🇺🇸 United States
Polymarket is the world's largest prediction market platform, built on the Polygon blockchain. Users can trade on the outcome of current events spanning politics, crypto, sports, finance, geopolitics, culture, and more. The international platform is operated by Adventure One QSS Inc., while Polymarket US (operated by QCX LLC) is a CFTC-regulated Designated Contract Market. With deep liquidity and a user-friendly interface, Polymarket processes hundreds of millions in daily volume across thousands of active markets.
Metaculus
🇺🇸 United States
Metaculus is an online forecasting platform and aggregation engine working to improve human reasoning and coordination on topics of global importance. A Public Benefit Corporation founded in 2014, it has accumulated over 3.5 million predictions across 22,000+ questions (10,700+ resolved) over 12 years of operation. Metaculus offers Pro Forecasters for custom projects, private forecasting spaces, and forecasting tournaments. Its mission is to build epistemic infrastructure that enables the global community to model, predict, and navigate complex challenges.
Drift Protocol
Decentralized
Drift Protocol is Solana's premier decentralized trading platform offering perpetual futures, spot trading, lending, and prediction markets. With $443M+ in total deposits, $146B+ cumulative volume, and 19.2M+ trades executed, Drift features up to 101x leverage on BTC, ETH, and SOL perps across 100+ assets. The platform offers gasless trading, top-of-block execution, institutional-grade security (audited by Trail of Bits, OtterSec, and Neodyme), and earn opportunities yielding up to 16% APY on deposits.
Hedgehog Markets
Decentralized
Hedgehog Markets is a Solana-based prediction market protocol that uses a parimutuel betting model and no-loss prediction markets. Users can participate in event markets with unique mechanisms like risk-free predictions powered by DeFi yield, making prediction markets more accessible to a broader audience.
Azuro Protocol
Decentralized
Azuro is a decentralized prediction app ecosystem protocol operating across multiple EVM chains. With 4+ years on-chain, $530M+ in volume, $4.5M+ in total revenue, and 34,000+ unique users, it powers 40+ live applications. Azuro provides tooling, oracle, and liquidity solutions enabling developers to build and launch prediction market apps. The $AZUR token supports liquidity pools, staking, and ecosystem growth. Backed by Delphi Digital, Arrington Capital, Ethereal Ventures, SevenX Ventures, Alliance, and others.
Augur
Decentralized
Augur is one of the original decentralized prediction market protocols, built on Ethereum and now undergoing a major reboot. Originally launching its token sale in 2015 and mainnet in 2018, Augur pioneered trustless prediction markets using blockchain technology through its REP token and forking-based oracle mechanism. Active development has returned with the Augur Lituus project, proposing a modular oracle for outsourced resolution. The project is backed by the Lituus Foundation and The Dark Florist.
PredictIt
🇳🇿 New Zealand
PredictIt is a political prediction market operated as an experimental academic project under permission from the CFTC. It focuses primarily on US political events across elections, Congress, state/local politics, and world affairs, allowing traders to buy and sell shares based on election outcomes and political developments. With 255+ active markets, PredictIt remains a popular platform for political prediction trading.