Prediction markets have become a very popular way to trade on real-world events. While platforms such as Kalshi helped establish the current prediction market model, brands with a background that has mainly consisted of purely trading have also entered the space. Plus500 is one of the most relevant examples of this, offering prediction market insights alongside its trading products and broader futures in the United States.
For traders interested in exploring event contracts, the increasing number of prediction market platforms creates more choice – but this can also make it more challenging to decide where they want to trade.
Here we will look at prediction market sites like Plus500, how they work, and what you should consider when comparing them.
Plus500 Prediction Markets
Plus500 is primarily known as a global trading company that offers products including CFDs, futures, options, and share dealing, with availability varying by jurisdiction. The brand operates through multiple different regulated entities and is perhaps currently more known for its financial trading enterprises rather than for its prediction market activities.
The US business has expanded into prediction markets through Plus500 Futures. According to Plus500, its prediction market allows you to trade on real-world outcomes using yes/no contracts, like many other prediction market platforms. Plus500 launched its US B2C prediction market site in early 2026, expanding its futures offering with event-based contracts that are all regulated.
For any traders who already understand how the Plus500 site works, having prediction markets available creates an interesting addition to financial derivatives trading.
Best Plus500 Alternative Prediction Market Sites
This list features prediction market sites that offer contracts on the outcomes of real-world events. All of these platforms offer something different, whether it be the interface, regulation, range of markets, or trading fees. Comparing these platforms on the criteria that is the most important to you is vital to ensure you are trading on the most suitable platform.
#1. Kalshi
Kalshi is arguably the most well-known prediction market platform in the world and offers the most similar experience to regulated sportsbooks out of any platforms on this list. It was the initial CFTC-regulated prediction market exchange available to users and is regarded as the pinnacle of sports prediction trading software. Kalshi is widely available across the country as it is considered to be a designated contract market, and not a traditional sports betting site. It is fully regulated by the Commodity Futures Trading Commission and complies with all of the rules and regulations.
You can fund your account on Kalshi by using all of the most common payment methods, such as credit and debit cards and e-wallets. Users can rest assured that all contracts and balances are secure on the platform, but there is a fee structure, which is slightly irritating.
It is also worth mentioning the partnership that Kalshi has with Robinhood here. This agreement gives Robinhood users lots more options, and if you already have an existing Robinhood account for other services, you can access the sports contracts from the same dashboard.
Kalshi Pros:
- Diverse trading markets, including politics and health
- Fast payouts
- CTC-regulated
- Most similar experience to regulated sportsbooks
Kalshi Cons:
- Caps on individual contracts
- Liquidity constraints
#2. Polymarket
Polymarket can currently be considered as part of the ‘big two’ alongside Kalshi in the prediction market space. This is a platform that allows users to make predictions on real-world events in a safe and fully regulated environment. Polymarket has a wide range of markets, from esports to the weather and the economy. To get up and running on Polymarket, you will need a cryptocurrency wallet and USDC. USDC is a ‘stablecoin’ that is backed up by the US dollar. You can’t use cash directly on the Polymarket platform, because all of the contracts exist on the blockchain rather than the site itself.
For sports, Polymarket offers more options than just win/loss outcomes. You can trade contracts on the NFL, college football, the MLB, NHL, and other major sports leagues. You can also monitor where the money is going in the build up to an event, which is very helpful as it can help you make a smarter trade. You can also trade during events and get involved in some live action.
Polymarket Pros:
- Markets driven by public interest
- High liquidity
- No geographic restrictions
- Outcomes and order books are totally transparent
Polymarket Cons:
- May be uncomfortable with anyone unfamiliar with cryptocurrency
- Users can’t create their own markets
#3. ProphetX
ProphetX is a sports-focused prediction market, covering all of the major US sports and more niche options, giving users a broad range of markets. This platform does not offer you a typical sports betting-style experience; the main principle of using this site is staking plays against your peers, and ProphetX uses a dual currency sweepstakes model. ProphetX offers parlay-building trade slips, which is not common among prediction market platforms, and also live trades.
ProphetX operated as a social sportsbook before it was granted CFTC approval to launch as a prediction market. New traders are also rewarded with a welcome bonus on this exchange: trade $10 and get $20. This is a one-time bonus and is eligible for new users only. Once you make an initial deposit of $10 and place it on your first trade, you will receive $20 in “incentive funds”. You can use these funds to stake your next trade. ProphetX has strong trading functions and live trades, and it is also one of the few apps that doesn’t mind if you hedge your bets.
ProphetX Pros:
- 2% commission on straights and 0% on parlay trades
- Parlay building options and live trades
- Early cash-outs
- Designated iOS and Android apps
ProphetX Cons:
- Fewer ongoing bonuses
- Few payment methods and lengthy payout
#4. Novig
Novig is a peer-to-peer trading platform that covers all of the most popular sports in the US and is great for those seeking value. As a P2P app, rather than betting against the house, you are trading against fellow bettors. You have the ability to set prices on your plays or lay trades directly against your peers. There is also on juice, which means you can have a bigger profit margin on all winning contracts. Novig is CTFC regulated and operates as a p2p prediction market-style exchange. It has kept most of its P2P functionality, so it isn’t an outright prediction market site like Kalshi or Polymarket. It is rather a trading platform where you can back or lay predictions against your peers for USD.
New players are welcomed at Novig with a $25 welcome offer to give them an early boost. This bonus is offered in trade credits, which is very similar to a typical bonus you would find at a conventional US sportsbook. To trigger this bonus, new players must deposit of at least $10. Novig is an excellent peer-to-peer platform, providing an expansive selection of markets and the functionality that is set up for trading.
Novig Pros:
- Peer-to-peer metrics and detailed line movements
- Zero vig
- Instant payout for hedged bettors
- Rewards program
Novig Cons:
- Lower betting liquidity
- Limited social functionalities
#5. OG.com
OG is a new and emerging platform that is registered with the CFTC. This prediction market exchange has a broad coverage of sports, covering all of the major US sports, big international events, and a selection of niche options. If you want to trade on something outside of sports, you can choose from economics, politics, tech, culture, climate, commodities, and crypto. OG offers $1 contracts on real world events, and the prices of the contracts are determined by market demand. To trade contracts on OG, you can either place a dollar order or a contract order. OG handles all of the contract management very well to create a seamless experience.
New players who sign up at OG.com get a $100 welcome bonus. Once you have gone through the registration process, you can unlock the full bonus amount by completing milestones on the platform, such as making your first deposit and completing your first trades. You have 7 days to complete these milestones to claim the entirety of the bonus. OG is a much younger site than the established names, so while the community isn’t as big, it has the foundations in place to grow.
OG.com Pros:
- No account limits
- Great sports market depth
- Transparent fees
- Options to build parlays and SGPs
OG.com Cons:
- Doesn’t show market liquidity
- Withdrawals can be lengthy
Plus500 vs. Prediction Market Alternatives
Plus500 isn’t your typical prediction market platform, and that is important when comparing it to alternative prediction sites. Plus500 offers a broader range of options, including financial products, while the US prediction market offering sits within its futures platform. The Plus500 futures business is through Plus500 Financial Services, which is regulated under the CTFC, so everything is legit.
The fact that Plus500 offers services beyond financial products makes it interesting for traders who want conventional futures markets and events-based contracts all within the same system. The dedicated prediction market platforms listed above place far more emphasis on event markets and exploring new contracts.
What To Look For In A Prediction Market Site
Choosing the best prediction market platform comes down to more than simply choosing the one with the most markets and bet types. There are far more things to consider, such as:
- Regulation & availability: Always check the legal and regulatory status of a prediction market exchange. Also be aware that rules can vary depending on where you live.
- Market depth: There may be markets available that have little trading activity. Compare liquidity and spreads before choosing your preferred platform.
- Transparency: An events-based contract should clearly outline what constitutes a winning outcome; there should be no grey area at all with contracts.
- Reliability: Account funding, speed, contract execution, and withdrawals are all vital elements of a prediction market site. All of these must be running smoothly to ensure a good experience.
Summary
Plus500 is an intriguing option for traders who want prediction markets alongside a larger futures trading system. The best alternative ultimately boils down to the number of markets available to you, fees, liquidity, and the type of trading experience you are looking for.
