Best Sites Like Plus500

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. We go into more detail about this in our review of Kalshi.

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.

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.

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.

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. The view we came to in our full Novig review was that this is an excellent peer-to-peer platform. Mostly because it provides an expansive selection of markets and the functionality is well set up for trading.

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.