For eligible users, Kalshi is a strong starting point because the app is built around clear pricing, regulated event contracts, and beginner-friendly education. Just check your state first, as Kalshi's welcome offer isn't available in AZ, IL, MA, MD, MI, MT, NV, or OH.
🚨 Best Prediction Market Apps in July 2026 🚨
Polymarket, FanDuel Predicts, Kalshi, Novig, and ProphetX are the best prediction market apps available in July 2026. They let you trade contracts on sports, politics, economics, entertainment, and other real-world events without using a traditional sportsbook.
We've compared each platform based on welcome bonuses, available markets, fees, app experience, and state availability to help you choose the right prediction market for your trading style.
|
📈 Prediction Market |
🏦 Welcome Bonus |
✍️ Promo Code |
| Make any Trade & Get $25 in Predicts Bonus! |
Use our links to claim! |
|
| Spend $25, Get $50 in Novig Coins! | ACTION | |
| Trade $10, Get $20! | TANBONUS | |
| Earn up to $25 in FanCash |
No Current Code Here |
|
| Spend $5, Get $200 in Prediction Dollars | No Current Code Here | |
| No Current Offer Here |
No Current Code Here |
|
| No Current Offer Here | No Current Code Here | |
| No Current Offer Here | No Current Code Here | |
| Up to $100 for new users! | No Current Code Here | |
| No Current Offer Here | No Current Code Here | |
| No Current Offer Here | No Current Code Here | |
| No Current Offer Here | No Current Code Here | |
| No Current Offer Here | No Current Code Here |
Before signing up anywhere, check the latest terms and state availability. Eligibility rules vary by platform, and age requirements can differ as well. Offers above are updated regularly.
The Shortlist: Best 5 Prediction Market Apps
- 💰 Best welcome bonus: Polymarket (Deposit $20, Get $50 Trading Bonus!)
- ⚽ Best for sportsbook familiarity: FanDuel Predicts
- 🫣 Best for beginners: Kalshi (fiat, CFTC-regulated, desktop + mobile)
- 🏅 Best for pure sports trading: Novig (CFTC-approved, peer-to-peer sports exchange with no house vig)
- 🎁 Best for sports parlays: ProphetX (RFQ Same Game Parlay system)
Best Prediction Market Apps Reviewed ( July 2026)
Prediction market apps let you trade contracts on real-world events instead of placing traditional sportsbook wagers. Popular markets include the 2026 NFL Regular season, MLB, politics, economics, entertainment, and financial events.
We've compared the leading U.S. prediction market apps based on welcome bonuses, available markets, regulation, app experience, and overall value. If you want to trade across sports, politics, economics, and more, check out the top prediction market apps below.
| Best Prediction Market App | Signup Bonus | Promo Code | Best Incentive |
Terms and Conditions | Restricted States |
| Polymarket | Deposit $20, Get $50 Trading Bonus! | ACTION | Biggest welcome bonus | 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. | AZ, IL, MA, MD, MI, MT, NV, OH |
| FanDuel Predicts | Make any Trade & Get $25 in Predicts Bonus! | Claim via our links! | Best for a sportsbook-like experience | Offered by FanDuel Prediction Markets LLC, a registered futures commission merchant. 18+ and present in select states. First real money trade only. First-time deposit required. Bonus is non-withdrawable and expires 7 days after receipt. Restrictions apply, including minimum trade amounts. Trading derivatives involves significant risk and may not be suitable for all investors. Manage your activity with our Consumer Protection tools. See terms, including eligible states, at https://www.fanduel.com/predicts/new-customer-offer. |
AZ, AR, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, NH, NJ, NV, NY, OH, OR, PA, TN, VA, VT, WA, WI, WV, WY |
| Kalshi | Trade $10, Get $15! | ACTION | Best for beginners; generous liquidity and volume incentive programs | 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. | AZ, IL, MA, MD, MI, MT, NV, OH |
| Novig | Spend $25, Get $50 in Novig Coins! | ACTION | Best for sports-focused experience | Players must be 21+ and be residents of the U.S. Void where prohibited. Mobile only. Please play responsibly. |
AL, AZ, CO, CT, DE, ID, LA, MD, MI, MS, MT, NV, NJ, NM, NY, PA, RI, TN, UT, WA, WV |
| ProphetX | Trade $10, Get $20! | TANBONUS | Best for sports-native parlay trading |
Subject to regulatory approval. Limited time offer. T&Cs Apply. | NV |
If you're interested in learning more about their welcome bonuses specifically, check out this review of the best prediction market promos.
1. Polymarket (The High-Value Newcomer)
Polymarket US is our top pick, and the bonus is why. It's the biggest welcome offer out there, and you don't even need a crypto wallet to grab it. The pricing is great too. The only catch? It's mobile-only for now.
- Best for: Value hunters chasing the biggest bonus
- Regulation: CFTC-regulated DCM, fiat-based
- Funding: ACH or debit card (no crypto wallet needed)
- Watch out: Mobile app only
2. FanDuel Predicts (The Sportsbook-Style Prediction Market App)
FanDuel Predicts leans into its brand's background of sportsbook and DFS experience. The prediction market app exists as a separate platform but makes it easy for those with sports betting/DFS familiarity to feel right at home.
- Best for: Sportsbook and DFS players who want a familiar feel
- Standout: Switch odds display between Multiplier, Odds, Cents, or Percent
- Fees: $0.02 per $1 of potential payout (applies even if you sell early)
- Note: A separate app from the main FanDuel sportsbook
3. Kalshi (The Institutional Standard)
Kalshi is the one we'd hand a nervous first-timer. It's the most trusted name here, with deep liquidity to match. Founded by two ex-Goldman traders and worth over $11 billion, it feels less like a bet and more like a real exchange.
- Best for: Beginners and anyone who wants a proven, regulated exchange
- Regulation: CFTC oversight, true fiat-based exchange
- Standout: Deep liquidity via partners like Tradeweb
- Markets: Sports, politics, macroeconomics, pop culture, and more
4. Novig (The Regulated "No-Vig" Exchange)
If you trade sports, Novig is our favorite on price. The "No-Vig" pitch is the real draw: You trade straight against other users, no house cut. And the Novig Points program gives regulars a reason to stay.
Originally operating on a sweepstakes model (using "Novig Coins" and "Novig Cash"), Novig secured landmark CFTC approval in June 2026 to operate as a federally regulated prediction market nationwide.
- Best for: Sports traders who want full transparency, the best prices and no house edge
- Regulation: Landmark CFTC approval (June 2026), now nationwide
- Standout: True peer-to-peer pricing, plus the Novig Points program
- Note: No punitive limits on winning traders
5. ProphetX (The Parlay Specialist)
Like Novig, ProphetX recently earned full CFTC approval in June 2026, officially moving away from its dual-currency sweepstakes model to operate as a federally regulated prediction market under both DCM and DCO licenses. Its primary differentiator is the ability to easily build Same Game Parlays (SGPs) across the NFL, MLB, NBA, and NHL.
Using its proprietary Request for Quote (RFQ) parlay mechanism, users can construct, price, and trade multi-event combinations directly with counterparties in seconds. This allows traders to lock in parlay action while drastically undercutting the heavy margins built into traditional sportsbooks.
- Best for: Parlay players across the NFL, MLB, NBA, and NHL
- Regulation: Full CFTC approval (June 2026) under DCM and DCO licenses
- Standout: RFQ system builds and prices Same Game Parlays instantly
- Edge: Undercuts the heavy margins on traditional sportsbook parlays
Kalshi vs. Polymarket
Kalshi is the more established US exchange with broader desktop access; Polymarket US offers the larger welcome bonus and is currently mobile-only.
🥊 Full comparison here: Kalshi vs. Polymarket.
More Prediction Market Apps
As prediction markets capture market share, traditional online sportsbooks, DFS operators, and retail brokerages are launching their own exchange platforms.
Depending on where you already hold a bankroll, these crossovers offer a convenient way to trade event contracts without opening a new account:
-
Sportsbook Spin-Offs: DraftKings Predictions, Fanatics Markets, and Betr Predictions.
-
DFS Integrations: Sleeper Markets and PrizePicks Predict (powered via partnerships with Kalshi).
-
Retail Finance & Crypto Brokerages: Robinhood, Coinbase, Crypto.com, and OG.com.
-
Alternative Sweepstakes: Verse Picks.
Your first trade is four quick steps: pick a regulated app, add funds, buy 'Yes' or 'No' shares, then hold or sell. Winning shares settle at $1, losing shares at $0, and you can cash out early anytime the price moves your way.
Pick an app and sign up
Choose a regulated platform like Polymarket, Kalshi, Novig, FanDuel Predicts, or ProphetX. Confirm it works in your state, then verify your account. Most apps need you to be 18+ (Novig requires 21+).
Add funds
Deposit by debit card, bank transfer, or (on some apps) crypto. Debit is usually instant; bank transfers take a few days.
Find a market and check the price
Pick an event you know, and stick to busy markets that are easy to enter and exit. Shares trade from 1¢ to 99¢, and the price is the odds: a 'Yes' share at 65¢ means a 65% chance. Ask yourself: too high or too low?
Buy, then hold or sell
Pick a side and place your order (a limit order lets you set your own price). Then ride it to settlement for the full $1, or sell early to lock in profit or cut a loss.
What Is a Prediction Market App?
A prediction market app lets users trade contracts based on whether real-world events will happen. Instead of betting against a sportsbook, users buy and sell positions with one another until the market settles.
Contract prices reflect the market's estimated probability of an event occurring. You can hold a position until settlement or sell it before the event ends if market prices move in your favor.
-
Contract Mechanics: You purchase 'Yes' or 'No' positions based on whether a specific real-world event will occur.
-
Interpreting the Price: Shares cost anywhere from 1¢ to 99¢. If a 'Yes' share sits at 65¢, the market assigns a 65% chance of the event happening.
- Cashing Out: When the event ends, winning shares settle at $1.00, while losing shares drop to $0. The advantage is in selling your position early, as you can dump shares mid-event when needed.
- Peer-to-Peer Action: You trade against other users, not a bookmaker. Prices move based on public sentiment, news, and sharp money — with no baked-in sportsbook margin.
Platform Deep Dives: Ecosystem Crossovers
DraftKings & Fanatics Markets
These platforms offer a hybrid experience, bringing CFTC-regulated trading to a familiar sportsbook interface. Fanatics stands out for its lack of deposit/withdrawal fees via ACH, while DraftKings uses a traditional betslip interface instead of a 0-100 cent scale. These are ideal for traders in states without legal sports betting.
Sleeper Markets & PrizePicks Predict
Powered by Kalshi's backend, these DFS operators now offer "Team Picks." This allows users who primarily play daily fantasy sports to trade 'Yes/No' shares on moneylines, spreads, and totals directly within their existing DFS apps.
Robinhood
A true retail trading platform. By integrating prediction markets, Robinhood allows you to manage stocks, options, retirement accounts, and event contracts (sports, politics, weather) all from one centralized hub.
Coinbase, Crypto.com & OG.com
Geared toward the Web3 crowd, these platforms allow you to trade sports, politics, and macroeconomics using cryptocurrency. Coinbase is highly accessible for crypto beginners, while OG.com (a standalone product from Crypto.com) caters to high-volume UI traders.
Verse Picks
Similar to Novig, Verse Picks is a sweepstakes model app. Its biggest advantage is cross-market parlays, allowing you to combine a sports outcome (e.g., Super Bowl winner) with an entertainment outcome (e.g., Grammy winner) on the same ticket.
Read Next: ROLR Prediction Markets
Pros & Cons of Prediction Market Apps
Before you move your bankroll over to an exchange, here is a quick look at the structural benefits and the potential drawbacks of trading on these platforms compared to traditional sportsbooks:
| 👍 Pros | 👎 Cons |
| Better Expected Value (No Vig): Peer-to-peer trading removes the traditional 10% sportsbook tax, giving you true 1-to-1 market value. | Liquidity Bottlenecks: Niche or highly specific markets might not have enough active trading volume to instantly fill larger orders. |
| Fluid Trading: You aren't locked into a static bet. You can buy and sell shares in real-time to lock in profits or cut losses before an event even concludes. | Steeper Learning Curve: Going through a central limit order book and trading cents-on-the-dollar can feel intimidating compared to a simple sportsbook betslip. |
| Broader Access & Markets: Some federally regulated platforms may be available in states without legal online sports betting, but each app still sets its own eligibility rules. For Kalshi and Polymarket, users should check the current no-go list before signing up. | Fewer Traditional Parlays: While some apps are adapting, stringing together multiple outcomes is generally more difficult than building a standard Same Game Parlay. |
Related: SI Predict Promo Code & ADI Predictstreet Promo Code
What Can You Trade on Prediction Markets?
Contract options and events on prediction markets are limitless. Let's look at some of the most popular trading options:
-
Politics & Elections: The 2026 midterms draw a lot of prediction market interest. Traders are projecting control of the Senate, gubernatorial races, and buying shares in contested state primary races.
-
Marquee Sports & Game Lines: Traders buy shares across MLB and WNBA schedules. You can easily buy and sell shares mid-game to lock in early profits and limit your risk.
-
Economic Indicators & Pop Culture: Speculate on financial trends like Federal Reserve rate changes and inflation reports. You can also trade on entertainment outcomes, from reality TV winners to weekend box office numbers.
Read next: Sporttrade's betting exchange model
Trading the 2026 Midterm Election Markets
Unlike lagging polls, political prediction markets react instantly to live news. Traders often navigate these election markets using the following approaches:
-
Target High-Liquidity Macro Markets: Contracts tracking control of the House or Senate attract massive volume, making them accurate barometers of national sentiment.
-
Exploit Local Primary Volatility: Localized gubernatorial or congressional primary markets are often mispriced, offering opportunities if you have deep knowledge of regional politics.
-
Capitalize on Live Debates: Contract prices swing wildly during televised debates. Keeping your account pre-funded allows you to buy temporary dips when the market overreacts.
Why Are Sports Prediction Markets So Popular?
After proving successful for politics, the peer-to-peer exchange model expanded into sports. Instead of standard futures, modern prediction markets offer high-volume contract trading on individual game outcomes, live in-game momentum shifts, and specific player performances.
Beyond game variety, these platforms provide unique capital efficiency. Certain CFTC-regulated exchanges like Kalshi allow users to earn interest on account balances and open positions, a financial incentive sportsbooks cannot replicate.
Furthermore, because they operate as financial exchanges under CFTC oversight rather than state gaming commissions, prediction markets offer a distinct, legally compliant framework for users across the country to trade sports outcomes.
READ NEXT: Hit.com's Prediction Markets
2026 NFL Regular Season
No sport drives prediction markets like the NFL. It's the biggest category by trading volume, and it's easy to see why: a packed weekly schedule, huge public interest, and constant news mean prices are always moving and there's always a market worth trading.
That activity is exactly what you want when comparing apps. The busiest NFL markets tend to have the tightest prices and the deepest liquidity, so how each platform handles football is one of the clearest tests of which one's actually worth using.
MLB Daily Games
If the NFL is about big weekly moments, baseball is the opposite: a game almost every single day. With a long season and a tight daily slate, there's fresh action to trade constantly, which makes MLB one of the best categories for anyone who wants to stay busy.
That daily volume is useful when you're sizing up an app. The steady flow of games is a good way to test how quickly prices update, how deep the markets are, and how smoothly a platform handles day-to-day trading over a long haul.
WNBA Matchups
The WNBA's nature causes price fluctuations. As you look at the upcoming slate, use these two tactics:
-
Set Limit Orders: Do not settle--place a limit order at your target value and wait for the market to fill your position.
-
Scalp Momentum Shifts: Buy undervalued shares during a team's scoring drought and sell them as soon as the momentum swings back.
Where Are Prediction Markets Legal in the US?
Prediction market availability depends on the platform, the product, and the user’s location. Users need to check the app’s live terms before signing up, as state access can change, and some markets may be restricted even when the app is available.
Always check local regulations and the app's terms and conditions to confirm it's available in your state before trading.
READ NEXT: Hyperliquid Promo Code
Deep Dive: CFTC Regulation vs. State Sports Betting Laws
The prediction market landscape is shifting. Here is why platforms like Kalshi and Polymarket operate under different rules than traditional sportsbooks:
Federal Oversight (The CFTC)
Prediction markets are federally regulated by the CFTC as financial derivative exchanges. This federal classification allows them to operate legally even in states that currently ban traditional sports betting, such as California and Texas.
The 18+ Age Requirement
Because they are classified as financial products rather than gambling, many prediction markets are open to users 18 and older. However, platforms that utilize a sweepstakes model may still enforce a strict 21+ age minimum.
State Pushback
State gaming boards frequently challenge the expansion of these markets, leading to ongoing legal battles over federal preemption. As a result, residents in certain states may still face access restrictions despite a platform's federal legality.
Platform Innovations: Social Synthesis & Copy-Trading
Prediction markets are shifting from anonymous trading toward transparent community leaderboards:
-
Verified PnL: Modern apps display the actual profit-and-loss records of top traders so you can see where the most successful accounts are investing.
-
Copy-Trading: Some platforms allow you to automatically mirror the positions of these top-ranked forecasters.
Prediction Markets vs. Sports Betting
The big difference? Who you're up against. On a prediction market, you trade with other users on a regulated exchange. At a sportsbook, you bet against the house, and the house sets the odds in its favor.
That one thing changes almost everything else.
| 📈 Prediction Markets | 🏦 Sportsbooks | |
|---|---|---|
| You trade against | Other users | The house |
| Margin | No vig | Vig baked into the odds |
| Regulation | Federal (CFTC) | State by state |
| Exit early? | Yes, sell anytime | Rarely, and at a worse price |
| Markets | Sports, politics, economy, finance, pop culture, and more | Mostly sports |
| Where you can play | Sometimes states without legal betting | Only where betting is legal |
Check out our Best Sportsbooks and Betting Sites in the US ranking
✅ No vig means better prices
Sportsbooks hide their cut inside the odds. On an exchange, prices come from real buyers and sellers, so you get closer to true value. You might pay a small trading fee, but there's no hidden spread eating your returns.
✅ You're not locked in
A normal bet is stuck until the game ends. A contract isn't. Buy 'Yes' shares at 30¢, watch them hit 65¢, and you can sell right there. You don't need the outcome to land — you just need the price to move.
✅ It's a different headspace
Betting is about picking winners. Trading is about pricing. If a contract sits at 65¢, the market says there's a 65% chance. Your job is deciding whether that number is too high or too low.
✅ So which is for you?
Want a familiar betslip and mostly sports? A sportsbook (or FanDuel Predicts) feels like home. Want better prices, the freedom to trade out, and markets beyond sports? Go with an exchange like Kalshi, Polymarket, or Novig.
Banking & Withdrawal Speeds
Funding an exchange operates differently than a traditional sportsbook. Settlement times and available banking methods vary heavily depending on whether you are using a fiat-based platform (like Kalshi) or a crypto-based platform (like Polymarket).
| Funding Method | Deposit Speed | Typical Withdrawal Time |
|---|---|---|
| Debit Card | Instant | Under 30 Minutes |
| PayPal / Venmo | Instant | Instant - 24 Hours |
| Crypto (USDC via Polygon) | Network Dependent (Minutes) | Network Dependent (Minutes) |
| Bank Transfer (ACH) | 1-3 Business Days | 1-3 Business Days |
For another potential future operator, see our guide on the Matchbook promo code.
Prediction Market Trading Tips
If you're logging into a prediction exchange for the first time during the summer, have a plan to protect your initial deposits. Standard sports betting strategies don’t work well here. You're trading against experienced traders, not a house with a built-in fee. Focus on liquidity: buying in low-volume markets can make it hard to sell later.
- Focus on High-Liquidity Markets: Niche MLB prop markets or obscure international soccer matches might look tempting on the board, but a lack of active trading volume means you cannot easily sell your shares if the game turns against you. Stick to high-liquidity events like the Wimbledon Finals, where the order book is constantly moving.
- Use Limit Orders: Instead of accepting the current market price, place a limit order and wait for the market to come to you. It can improve your entry price and increase your potential return over time.
- Don't Be Afraid to Sell Early: You don't need your team to win the game. If you grab 'Yes' shares on an NHL underdog at 30 cents and they score first, those shares might jump to 65 cents. Sell right away to secure the 35-cent profit.
-
Keep Cash Available: Breaking news, lineup changes, injuries, and economic announcements can move prices quickly. Keeping some funds available lets you react instead of watching opportunities pass by.
- Think in Probabilities: Prediction markets aren't about guessing who wins. They're about deciding whether the market is pricing an event correctly. Before buying a contract, ask yourself if the real probability is higher or lower than the current price suggests.
READ NEXT: Plus500's Prediction Markets
Best Practices: Risk Management & Responsible Trading
Prediction markets frame their products with financial language ("Trading involves significant risk") rather than sportsbook terminology ("Play Responsibly"). Treat these exchanges like a brokerage account via these responsible trading techniques:
-
Trade What You Know: If you don't understand how CPI data impacts the broader economy, stick to sports markets (NFL spread markets, for example). Don't trade blind.
-
Never Over-Leverage: Prediction markets move fast. Never commit capital that isn't part of a calculated risk strategy.
-
Use Native Platform Limits: Leading exchanges offer deposit caps, time limits, and voluntary self-exclusion tools directly in your account settings. Use them.
Future Market Entrants (bet365, BetMGM, Caesars)
You may notice major sportsbook operators like Caesars and BetMGM are currently absent from the prediction market space. This is intentional. Because they hold state-level gaming licenses, they are hesitant to launch federally-regulated event contracts that directly challenge state regulators.
However, as market share shifts toward exchanges, traditional sportsbooks are pivoting. For instance, bet365 recently exited the American Gaming Association, a move industry insiders believe could clear the path for a standalone bet365 prediction market product in the near future.
READ NEXT: Underdog's prediction markets
Which Prediction Market App Should You Choose?
- Polymarket is our top overall pick thanks to its large welcome bonus and broad selection of markets.
- FanDuel Predicts is a great choice for anyone looking for a familiar, easy-to-use prediction market app.
- Kalshi stands out for traders looking for a federally regulated exchange with deep liquidity.
- ProphetX is worth considering if you trade mainly sports markets.
- Novig is a strong option for users looking for peer-to-peer pricing and rewards.
No matter which platform you choose, compare the latest promotions, check state availability, and review the platform's terms before signing up.
Polymarket is the best prediction market app in the U.S., largely due to its generous welcome bonus. Not only is it a fully CFTC-regulated entity with competitive fees instead of a house edge — it also offers diverse markets and has high liquidity thanks to significant trading volume. As long as you're okay with trading on mobile rather than a desktop, Polymarket is the way to go.
Polymarket currently offers the best welcome bonus of: Deposit $20, Get $50 Trading Bonus! Just claim via referral code ACTION. It ranks #1 on our list of prediction market promos because of the exclusive access and $50 value, which is 3.3x that of Kalshi's. Sure, you have to put in more, but it's still a relatively low barrier to entry.
Yes, prediction markets such as Polymarket and Kalshi are legal in the US because they’re regulated by the Commodity Futures Trading Commission and operate under federal financial-market regulation. Still, access depends on the platform and the user’s location. Other platforms are offshore or use crypto rails and aren’t licensed in the U.S. Others still exist in more of a gray area, as they use a sweepstakes model.
Yes, you can earn interest on prediction market apps such as Kalshi. Since these platforms are regulated as financial exchanges, they often pay interest on both uninvested cash and active "open" positions. This allows you to earn a steady yield on your bankroll similar to a high-yield savings account while you wait for your markets to resolve.
Prediction markets offer welcome bonuses just like most gambling sites. They serve as incentives for users to sign up and claim trading bonuses.
Sportsbooks are regulated at the state level and work with fixed odds. Prediction markets are fully regulated financial markets that function like a derivatives market and adhere to CFTC regulations. There is no "rake" at a prediction market, since users trade against each other in a peer-to-peer exchange.
Yes, most prediction market apps charge small trading fees when you buy or sell contracts, similar to a stock-market exchange. Fees vary by platform, but they're often more noticeable if you trade frequently or in large amounts. Fees may also apply if you're trading event contracts with cryptocurrency.
Instead of traditional wagers, sports event trading lets you buy shares on a particular event, with prices moving based on sentiment, news, and data analysis. You can sell early, compare odds in real time, and trade outcomes across the NFL season or other sports without relying on how sportsbooks set their lines.
Prediction market apps generally perform best for short-term, high-interest events. Short-term markets (like a daily sports slate or an upcoming election debate) attract much higher liquidity, allowing you to easily enter and exit positions without having your capital tied up for months.
Yes. CFTC-regulated prediction markets issue Form 1099-B and treat gains as capital transactions, not gambling income. Traditional sportsbooks issue Form W-2G. Consult a tax professional for guidance specific to your situation.