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Sports Prediction Markets: How to Trade and Bet on Sports | July 2026

Sports prediction markets 2026 graphic with mobile trading app and major sports equipment.Sports prediction markets let you trade contracts on game outcomes instead of placing a fixed bet against a bookmaker. Prices move with the market rather than a set line, more like a stock than a spread. Kalshi is the main regulated US venue for this, and sports contracts are legal nationwide under federal oversight, with a few state exceptions.

This guide reflects platform availability, fees, and market access as of July 2026, and we revisit it regularly as sports contracts, state rules, and new platforms continue to shift.

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What Are Sports Prediction Markets?

Sports prediction markets let you buy and sell contracts tied to a specific game outcome, like which team wins or covers, instead of placing a fixed-odds bet. Each contract’s price reflects the market’s implied probability of that outcome, and it settles at $1 if it happens or $0 if it doesn’t.

These are called event contracts, and each one represents a single yes-or-no proposition, such as “Will the Chiefs win?” or “Will the total go over 47.5?” Contracts trade between $0.01 and $0.99 while the outcome is undecided, and that price moves in real time as traders react to injuries, line movement elsewhere, and game action. A contract trading at $0.65 means the market currently sees a 65% chance of that outcome. Our implied probability calculator breaks down how to convert a contract price into a percentage if you want to check the math yourself.

The other core difference is who is on the other side of your trade. A sportsbook sets the line and takes your bet directly, with the odds built to favor the house over time. A prediction market works more like an exchange: you are trading against other users, not the platform, and the price is whatever the crowd is willing to pay at that moment. That is also why you can exit early. Since contracts trade continuously until settlement, you can sell your position to another trader before the game ends instead of waiting for the final result.

Best Sports Prediction Market Platforms Compared

Not every prediction market treats sports the same way. Some, like Kalshi and Polymarket, run sports contracts alongside politics, economics, and culture. Others, like ProphetX and Novig, are built sports-first from the ground up. Here’s how the top seven compare on regulation, fees, and market depth, followed by a closer look at each.

Polymarket

Polymarket is the largest prediction market exchange by trading volume, and its sports contracts have grown quickly even though the platform’s deepest roots are in politics and current events. New users can use promo code GTODAY, deposit $10, and receive a $20 trading bonus after meeting the offer requirements.

Sports activity picked up sharply around the 2026 FIFA World Cup, when Polymarket ran combo contracts on major matches, bundling multiple outcomes into a single trade similar to a parlay. Pricing works like a live order book rather than a static line: contracts trade continuously as other users buy and sell, so a price you see in the morning can move well before kickoff.

Funding an account runs through USDC, a dollar-pegged cryptocurrency, rather than a bank transfer or card deposit. That’s an extra step for traders new to crypto wallets, though the platform’s onboarding walks you through the conversion. Sports sits alongside a much wider menu here, including politics, crypto prices, entertainment, and weather, so traders who want more than just games will find plenty to browse.

Polymarket has moved toward a CFTC-compliant structure in the US as part of its return to the American market, a shift worth understanding if you’re deciding how much weight to put on regulatory oversight versus market depth when choosing a platform.

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Pros

  • Exchange-Style Live Pricing | Contracts trade continuously like a live order book, so prices react in real time to game action and breaking news instead of resetting on a fixed schedule.
  • Major Event Combo Contracts | Polymarket ran bundled, parlay-style combo contracts during the 2026 World Cup, letting traders combine multiple sports outcomes into a single position.

Cons

  • Crypto-Only Funding | Deposits run through USDC rather than a bank transfer or card, adding an extra step for traders unfamiliar with crypto wallets.
  • Sports Still a Smaller Slice of the Menu | Polymarket's roots are in politics and current events, so its sports catalog, while growing, isn't as deep yet as platforms built sports-first.
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ProphetX

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Instead of a simple buy or sell, ProphetX lets you back an outcome, bet that it happens, lay it, bet that it doesn’t, or post a price and wait for another trader to match it. That order book structure means you’re setting terms directly with other traders rather than accepting whatever price the platform posts, though it also means a posted order can sit unmatched if nobody takes the other side.

Availability is broader than almost any other sports-first platform, with ProphetX live in every US state except Nevada. The platform has also expanded through partnerships, including an integration with Players’ Lounge that lets users trade ProphetX’s regulated sports contracts directly inside that platform, a distribution approach that’s different from a typical standalone prediction market app.

That flexibility comes with a steeper learning curve than a typical sportsbook. Traders need to think in terms of liquidity, order matching, and open positions rather than simply picking a side and confirming a bet, so ProphetX tends to suit traders who already have some exchange or sports trading experience.

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Pros

  • Back-and-Lay Exchange Model | Traders can back an outcome, lay against it, or post their own price, giving more control over entry than a standard buy/sell prediction contract.
  • Widest Sports State Footprint | ProphetX is live in every US state except Nevada, one of the broadest state availability windows among sports-first prediction markets.

Cons

  • Orders Can Go Unmatched | Because pricing depends on another trader taking the other side, a posted order may sit partially filled or unmatched during slower market periods.
  • Steeper Learning Curve Than a Sportsbook | Back bets, lay bets, and open order management ask more of new traders than a simple fixed-odds bet.
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Crypto.com

Crypto.com brings sports event-contract trading into an app most users already know for its exchange, wallet, and card products, so you’re not managing a separate login just to trade a game outcome. Right now, new users can complete a short in-app task to unlock CRO Rewards worth up to 1 BTC.

Sports contracts sit inside Crypto.com’s wider event lineup, covering game outcomes and major tournament markets alongside the platform’s crypto, finance, and culture contracts. Funding works differently than most dedicated sports trading apps: you can deposit via bank transfer, debit or credit card, or crypto, rather than being locked into a single payment rail.

Around major sporting moments, Crypto.com has run leaderboard-style contests with prize pools for traders who call outcomes correctly, layering a competitive angle on top of standard buy-and-sell trading. That kind of event-driven feature tends to show up more here than on platforms built purely around day-to-day sports contracts.

The tradeoff is depth. Sports is one category among several rather than the platform’s central focus, so traders looking for extensive prop markets or granular in-game trading may find the sports menu thinner than what a sports-first exchange offers. Crypto.com also rewards existing users more than newcomers, since account tier benefits build the more you already use the broader app.

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Pros

  • Multiple Funding Options | Bank transfer, debit or credit card, and crypto are all accepted, giving traders more flexibility than platforms that require a single payment method.
  • Event-Driven Contests | Crypto.com runs leaderboard-style contests with prize pools around major sporting moments, adding a competitive layer beyond standard contract trading.

Cons

  • Thinner Sports-Specific Depth | Sports is one category among several rather than the platform's main focus, so prop markets and in-game trading options are lighter than on a sports-first exchange.
  • Rewards Favor Existing Users | Account tier perks build the more you already use Crypto.com's broader app, so newcomers get less added value than long-time users.
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DraftKings Predictions

DraftKings Predictions runs sports event-contract trading through DKeX, DraftKings’ own CFTC-regulated exchange, separate from its state-licensed sportsbook. New users can currently claim a welcome offer worth up to $200 in trading bonuses after a qualifying first trade, paid out over 21 days rather than all at once.

The catch for sports traders specifically: Predictions drops sports contracts entirely in any state where DraftKings already operates a licensed sportsbook. That’s a meaningful restriction if you’re used to one DraftKings app covering everything, since sports availability on Predictions actually depends on where DraftKings’ sportsbook does and doesn’t operate, not just standard state-by-state prediction market rules.

Where sports contracts are available, DraftKings layers in Combos, a feature that bundles multiple event contracts into one trade, similar in spirit to a sportsbook parlay. It’s a mechanic built for traders crossing over from DraftKings’ sportsbook and DFS products, and existing DraftKings account holders can log into Predictions with the same credentials rather than creating a new account from scratch.

On the trading side, Predictions keeps things simple by design. There’s no visible order book or price history, and every trade executes at the current market price rather than a limit price you set yourself. That works fine for traders who just want to take a position quickly, but it offers less price control than an exchange-style platform where you can post your own order.

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Pros

  • Combos Bundle Multiple Contracts | Combos let traders bundle several event contracts into a single trade, giving DraftKings' sports lineup a parlay-style option most prediction markets don't offer.
  • One Account Across DraftKings Products | Existing DraftKings Sportsbook, Casino, or DFS users can log into Predictions with the same credentials instead of creating a separate account.

Cons

  • Sports Contracts Disappear Where DK Sportsbook Operates | Predictions pulls sports markets entirely in states where DraftKings already runs a licensed sportsbook, so availability isn't consistent nationwide.
  • No Price Control on Trades | Every trade fills at the current market price, since Predictions doesn't offer an order book or limit-order option like some competitors.
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FanDuel Predicts

FanDuel Predicts is FanDuel’s standalone prediction market app, giving eligible new users a $25 trading bonus with no promo code required. It runs as its own product apart from FanDuel Sportsbook, letting traders buy and sell event contracts on sports and other real-world outcomes from a dedicated app.

The trading experience is built around simplicity rather than an exchange-style order book. Contracts show up as clear “Yes” or “No” propositions with a visible price and straightforward portfolio tracking, so a trader can see exactly what they hold and what it’s currently worth without learning limit orders, makers, or takers first.

FanDuel Predicts is available in all 50 states, though the sports contracts you’ll actually see can vary by location. A trader in one state might find a full slate of game and player contracts, while someone elsewhere sees a narrower selection, so it’s worth checking the app’s current market list before assuming a specific sport or league is covered where you live.

FanDuel’s name recognition from its sportsbook business carries over here, giving traders already comfortable with FanDuel’s sportsbook app a familiar-feeling entry point into prediction markets, even though Predicts operates as a separate product with its own account and rules.

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Pros

  • Beginner-Friendly Contract Display | Clear Yes/No pricing and portfolio tracking make it easy to see what a position is worth without learning order-book mechanics first.
  • Nationwide Availability | FanDuel Predicts is live in all 50 states, giving it one of the widest footprints of any sports-carrying prediction market.

Cons

  • Sports Market Categories Vary by State | Which sports contracts show up can differ by location, so traders should check the app directly rather than assume full coverage everywhere.
  • Fewer Exchange-Style Tools | The simplified Yes/No format doesn't offer the limit orders or order-book depth that sports-first exchange platforms provide.
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Kalshi Logo

Kalshi

Kalshi is the most established regulated sports prediction market in the US, with contracts covering the NFL, NBA, MLB, NHL, plus soccer, golf, and tennis, running alongside its broader event-contract lineup. The platform operates under CFTC oversight, so sports trades sit under the same federal framework as its economic and political contracts rather than a state-by-state gambling license. New users can currently trade $100 in contracts to unlock a $10 reward using promo code TODAY.

Placing a trade is straightforward once you’ve picked a market. You choose an order type first: a market order fills instantly at the current best price, while a limit order lets you name the price you’re willing to pay for a “Yes” or accept for a “No,” then waits in the order book until another trader matches it. Market orders are treated as “taker” orders and carry a slightly higher fee, so traders who want more control over their entry price tend to lean on limit orders instead.

Kalshi’s sports catalog sits inside a much larger platform. The same account that trades an NFL contract can also trade Federal Reserve decisions, election outcomes, or award-show results, so the interface is built for range rather than a single-sport focus. That breadth is a strength for traders who want everything in one place, but it also means the sportsbook-style simplicity some traders expect isn’t quite what they’ll find here on day one.

Sports contracts specifically have drawn more regulatory attention than Kalshi’s other categories. A federal judge in New York recently denied Kalshi’s bid to block state enforcement of gambling law against its sports contracts, part of a broader, ongoing split between states and federal prediction market oversight. That means sports market access can vary by state in ways that don’t necessarily apply to Kalshi’s non-sports contracts.

Pros

  • CFTC-Regulated Sports Contracts | Kalshi's sports markets operate under the same federal derivatives oversight as the rest of the platform, giving traders a regulated alternative to offshore or unregulated sites.
  • Broad Sports Category Coverage | Markets span the NFL, NBA, MLB, and NHL, plus soccer, golf, and tennis, so traders aren't limited to a single sport or a handful of marquee games.

Cons

  • Sports Access Varies by State | Some states have specifically challenged Kalshi's sports contracts in court, so availability can differ from the platform's other market categories depending on where you live.
  • Learning Curve for New Traders | Order types, contract pricing, and settlement rules take some getting used to for traders coming from a traditional sportsbook.
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NoVig prediction market

Novig

Novig is a sports-only prediction market that skips per-trade fees entirely, letting traders buy and sell positions on game outcomes, player props, parlays, and futures without a built-in commission eating into the price. New users can currently claim $5 in Novig Cash plus 10% off their first purchase, up to $100, and no promo code is required to unlock it.

Novig runs on a make/take order structure. Placing a “make” order posts your price and waits for another trader to accept it, while a “take” order accepts a price that’s already sitting in the market. Because the platform doesn’t charge its own trading fee on top of that, the price you see reflects what other traders are willing to pay rather than a house cut layered over the top.

The tradeoff for that simplicity is scope. Novig doesn’t list politics, economics, or crypto contracts the way broader platforms do. Its entire market menu is built around sports, spanning single-game outcomes and player props to season-long futures and in-play live markets. That narrower focus keeps the app fast and mobile-first, which suits traders who mainly want a phone-first way to trade on games rather than browse a long list of unrelated categories.

Funds on Novig move through Novig Cash and Novig Coins, the platform’s internal currency system, rather than a straightforward cash balance. Redeeming Novig Cash comes with its own eligibility, verification, and minimum redemption requirements, so it’s worth reading those terms before assuming a balance behaves like a simple cash withdrawal.

Pros

  • Zero Trading Fees | Novig doesn't layer its own commission on top of contract prices, so what you see reflects other traders' pricing rather than a built-in house cut.
  • Deep Sports-Specific Markets | Coverage spans single-game lines, player props, parlays, season futures, and in-play live markets, giving sports traders more ways to trade than a simple game-winner contract.

Cons

  • Novig Cash Isn't Simple Cash | Balances run through Novig Cash and Novig Coins rather than a standard account balance, and redemptions carry their own eligibility and minimum requirements.
  • No Non-Sports Markets | Traders who want politics, economics, or crypto contracts alongside sports won't find them here, since Novig's menu is sports-only.
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Sports Prediction Market Platforms at a Glance

Reading through seven platforms at once is a lot to hold in your head, especially when regulation, fees, and state access all vary by provider. Here’s a side-by-side recap of the same seven platforms above, useful if you already have a favorite in mind and just want to confirm the details, or if you’re weighing two or three against each other before you commit.

Treat this table as a snapshot rather than the final word. Fees, minimum deposits, and state availability shift as platforms adjust their offerings and as state-level legal challenges continue to play out, so it’s worth confirming current terms directly on a platform before funding an account.

PlatformRegulation StatusSports Market DepthUS/State Access
🏛️ KalshiCFTC-regulated Designated Contract MarketBroad — NFL, NBA, MLB, NHL, soccer, golf, tennis, alongside non-sports categoriesNationwide; sports contracts face active state-level legal challenges (e.g., New York)
🔷 PolymarketCFTC-regulated via Polymarket US / Polymarket ClearingGrowing; sports is newer, platform's deepest roots are in politics and current eventsApprox. 48 states
⚡ ProphetXCFTC-regulatedSports-first exchange; back-and-lay pricing across game lines, props, and futuresAll US states except Nevada
🎯 NovigCFTC-regulated Designated Contract MarketSports-only; single-game lines, player props, parlays, season futures, live marketsAll 50 states
💳 Crypto.comVarious licenses (multi-jurisdiction)Moderate; sports is one category alongside crypto, finance, and culture contractsApprox. 48 states plus DC
🏈 DraftKings PredictionsCFTC-regulated (traded through DKeX)Broad where available, but sports contracts drop entirely in states where DraftKings Sportsbook is licensed48 states plus DC; sports limited where DK Sportsbook operates
🦆 FanDuel PredictsCFTC-regulatedAvailable nationwide; specific sports contract mix varies by stateAll 50 states; market categories vary by location

How to Trade Sports on a Prediction Market

Once you understand how sports contracts work, actually placing a trade follows a similar process across most platforms. Here's how to go from picking a platform to closing out a position.

1

Choose Your Platform

Start with a platform that lists the sport and market types you want to trade, whether that’s a broad exchange or a sports-first app. Confirm sports contracts are available in your state before creating an account, since access can vary by platform and by state.

2

Verify and Fund Your Account

Sign up with your basic details and complete identity verification, a standard step across regulated platforms. Once verified, fund your account using one of the platform’s accepted payment methods, such as a bank transfer, debit card, or credit card. Start with an amount you’re comfortable trading while you learn how the platform works.

3

Find a Sports Market

Browse contracts by sport, league, or specific game, then review the exact terms of the outcome you’re considering. A contract on “Will the Chiefs win?” settles differently than one on a point spread or a player prop, so confirm exactly what triggers a payout before trading.

4

Read the Price as a Probability

Every contract’s price reflects the market’s implied probability of that outcome. A contract trading at 55 cents means the market currently sees roughly a 55% chance of that result. Use that price, not just your gut feeling about the game, to judge whether a position looks like good value.

5

Buy Yes/No or Set a Limit

Decide whether you think the outcome will happen and buy the “Yes” contract, or buy “No” if you don’t. You can also choose how you enter that trade: a market order fills instantly at the current best price, while a limit order lets you name your own price and wait for another trader to match it.

Order TypeWhat It Does
⚡ Market OrderFills instantly at the current best available price. Simple and fast, but you take whatever price is showing at that moment.
🎯 Limit OrderLets you name the price you're willing to pay for a "Yes" or accept for a "No." It waits in the order book until another trader matches it, giving you more control over your entry price but no guarantee it fills.
6

Manage or Exit Your Position

Once you’re in a trade, you don’t have to wait for the game to end. Most platforms let you sell your contract to another trader anytime before settlement, so you can lock in a gain or cut a loss as the price moves. Keep an eye on liquidity, since thinly traded markets can make it harder to exit quickly at a fair price.

Sports Prediction Market Apps

A few more platforms are worth a look if you want to browse beyond the seven covered above, each with its own sports angle worth understanding before you sign up.

Robinhood Prediction Markets puts event-contract trading inside the same app millions already use for stocks and crypto, with sports as one of 13 available categories. Existing users can start trading without a new signup or identity check, and since Robinhood isn’t competing with a sportsbook of its own, sports contracts show up in nearly every state. Trading is mobile-only, and there’s no order book or a bonus built specifically for prediction markets.

OG is a regulated US prediction market covering sports alongside crypto, politics, and culture, built around a simpler market menu and leaderboard-style features aimed at newer traders. New users can currently trade $10 to unlock a matching $10 bonus. Some of OG’s sports markets carry thinner liquidity than more established, sports-first competitors.

Fanatics Markets extends the Fanatics sports and merchandise ecosystem into event-contract trading, with sports as one of its core categories alongside finance and politics. New users can currently trade $75 to unlock $75 in trade credits. The platform is newer than most competitors here, so its sports market depth and liquidity are still developing.

Pariflow is a crypto-funded prediction market covering sports alongside politics, geopolitics, and pop culture, funded exclusively through the Polygon network with deposits converted to USDC.e. A standout demo mode lets traders work through a full sports trade, from entry to settlement, before risking real money, and new users get a 100% deposit match up to $50 automatically. Pariflow isn’t CFTC-regulated, and there’s no bank or card funding option.

Underdog Predict brings sports-only Yes/No contracts, on game winners, spreads, and totals, into the same app many already use for Underdog’s daily fantasy contests, though the two products are legally separate. Contracts settle at $1.00 and operate under federal derivatives oversight through a registered Futures Commission Merchant. Because it’s federally regulated, sports contracts can be available in states where traditional sportsbooks aren’t.

ProhpetX Sports

Sports Trading Strategy

Prediction markets reward the same discipline that separates sharp sports bettors from casual ones, plus a few habits specific to how contracts are priced.

Because prices move continuously and vary by platform, checking a contract’s price across a couple of exchanges before you trade works the same way line shopping does at traditional sportsbooks. A few cents of difference on entry adds up over enough trades, and unlike a fixed-odds line, a prediction market price can also move meaningfully between the moment you check it and the moment you trade.

In-play trading is where prediction markets separate most clearly from a standard bet. Since contracts trade continuously until the event ends, you can react to what’s actually happening, an early lead, a key injury, foul trouble, rather than locking in a position before kickoff and waiting for the final result.

Hedging works here too. If a position is moving against you, taking a smaller opposite trade can soften the loss, though it also caps how much you’d make if your original read turns out right. It’s a tool for managing risk, not a way to guarantee a profit.

Fees matter more than they first appear. Even a modest per-trade cost eats into edge over enough trades, so factor fees into your entry price, not just the headline odds. And regardless of strategy, no approach here guarantees a win. Prediction markets reward good judgment more often than luck, but every trade still carries real risk of loss.

Live Sports Markets Right Now

A handful of sports contracts are pulling the heaviest trading volume across the major platforms right now, spanning football, baseball, and soccer. As with any prediction market contract, the price reflects the crowd’s current implied probability, not a final answer, so these numbers will keep moving as each season progresses.

This is a snapshot, not a live, constantly-updating board. Treat it as a starting point rather than the final word, and check the platform directly for a market’s current price before trading, since prices shift continuously and can move meaningfully between updates here.

MarketPrice (Implied Probability)Platform
⚾ MLB World Series Champion 2026 — Los Angeles Dodgers29¢ (~29%)Polymarket
🏈 Super Bowl LXI (2027) Champion — Los Angeles Rams11¢ (~11%)Kalshi
⚽ MLS Cup Winner 2026 — Inter Miami CF22¢ (~22%)Polymarket
Source: Polymarket and Kalshi market data as reported in industry coverage, late July 2026. Prices move continuously — confirm current pricing on the platform before trading.

Snapshot as of July 2026. If you’re actually here for something other than sports, our politics prediction markets guide runs the same kind of snapshot for the 2026 midterms and 2028 presidential race.

Sports Prediction Market FAQs

Yes, generally. Sports contracts operate under CFTC oversight as federally regulated exchanges, not state-licensed sportsbooks. That said, several states have sued or investigated platforms like Kalshi over sports contracts specifically, and courts have ruled differently state by state. Check a platform’s current state availability before funding an account, since restrictions can shift quickly.

Sports prediction markets let you buy and sell contracts tied to a game outcome instead of placing a fixed-odds bet. Each one is called an event contract, and its price reflects the market’s implied probability of that outcome, settling at $1 if it happens or $0 if it doesn’t.

Kalshi’s sports contracts operate under CFTC oversight as a federally regulated exchange, not a licensed sportsbook. You buy or sell “Yes” or “No” contracts on a game outcome, with the price reflecting the market’s current odds. Some states have specifically challenged Kalshi’s sports contracts in court.

A traditional sportsbook sets the odds and takes your bet directly, with pricing built to favor the house. A prediction market works more like an exchange instead: you trade against other users, prices move with supply and demand, and you can sell your position before the game ends rather than waiting for the final result.

It depends on the market and the moment. Because Kalshi’s prices move with trader activity rather than a fixed line, they can sometimes offer better value than a sportsbook, and sometimes worse. Comparing the current contract price against a sportsbook’s odds before you trade is the only reliable way to tell.

Kalshi and its regulator, the CFTC, classify sports event contracts as financial derivatives, not gambling. Several state regulators disagree and argue the contracts function the same as a sports bet, which is why multiple states have sued to block them. That legal question is still being decided state by state.

Kalshi, Polymarket, ProphetX, Novig, Crypto.com, DraftKings Predictions, and FanDuel Predicts all list sports contracts, along with Robinhood, OG, Fanatics Markets, Pariflow, and Underdog Predict. Coverage, fees, and state availability vary by platform, so it’s worth comparing a few before committing to one.

Yes, on most platforms. Since contracts trade continuously until an event settles, you can buy or sell a position while a game is in progress, reacting to an injury, a lead change, or a momentum shift instead of only trading before kickoff.

Fees vary by platform and aren’t always published upfront. Some charge a per-trade maker/taker fee, some build costs into the spread between prices, and at least one major sports-first platform advertises no separate trading fee. Check a platform’s fee schedule directly before trading larger amounts.

Responsible Gambling

Sports prediction markets are new enough that a lot of the usual safety habits don’t automatically carry over from sportsbooks, and that gap is worth understanding before you fund an account.

Why This Can Feel Riskier Than It Looks

The “trading” framing is part of the product, not just marketing. Clinicians who treat gambling disorders have reported that patients trading sports contracts on platforms like Kalshi and Polymarket show the same patterns they see in sportsbook cases, even though the accounts feel more like a brokerage than a betting app. Courts have split on this question too. A Massachusetts judge specifically rejected the argument that federal oversight makes these contracts something other than a bet when it comes to consumer protection.

Continuous, in-play trading adds another layer. A sportsbook bet has a clear start and end. A prediction market position doesn’t, since you can re-enter, add to, or chase a losing position in real time while a game is still being played. That structure rewards the same impulse a slot machine does: one more action is always available.

Self-Exclusion Doesn’t Automatically Carry Over

If you’ve self-excluded from a sportsbook, that block does not automatically extend to prediction market platforms, since they’re regulated separately from state gambling systems. This isn’t a hypothetical gap. Reporting on the issue has documented people who self-excluded from sportsbooks and later relapsed through prediction markets specifically because the exclusion didn’t follow them over.

A cross-platform option does exist: Kalshi has partnered with a compliance firm on a self-exclusion tool called SelfExclude, intended to cover multiple prediction market platforms rather than just one account. As of this writing, Kalshi is the only platform fully integrated, with others reportedly in the process of joining. If self-exclusion matters to you, don’t assume it’s automatic. Ask a platform directly what its exclusion tools actually cover before you rely on them.

Before You Trade

A few habits make a real difference here:

  • Set your budget before you open the app, not during a game. Decide what you’re willing to lose in advance, when you’re not watching your position move in real time.
  • Decide your exit before you enter. A price target for selling, win or lose, is easier to set in a calm moment than mid-game.
  • Treat “one more trade” as a warning sign, not a strategy. Continuous trading means there’s always another action available. That’s a feature of the product, not a signal you’re due for a win.
  • Don’t use trading language to talk yourself out of a red flag. Chasing a loss is chasing a loss, whether you call it betting or trading.

Get Help

If trading stops feeling like something you’re choosing to do, help is available: call 1-800-GAMBLER or visit our responsible gambling resources. You must be 18 or older to trade on the platforms covered on this page.

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