Home › Polymarket alternatives
Facts checked September 24–25, 2026 against each platform's own pages, regulator records, court filings and news reports · numbered sources below
The closest Polymarket alternatives in the US are CFTC-regulated: Kalshi, Crypto.com and Interactive Brokers' ForecastEx run their own exchanges, while Robinhood and DraftKings Predictions are brokers that route orders to such exchanges [1][2][3][4][5]. PredictIt is a smaller political market with a $3,500 cap under a CFTC no-action letter [6][7], Manifold is play money [8], and outside the US the long-standing alternative is Betfair Exchange, which bars US customers [9]. For sports, Novig runs its own CFTC-regulated exchange and Underdog Predict routes to regulated exchanges [10][11]; Limitless and Myriad are crypto-native markets that bar US users [12][13]. Sportsbook and crypto brands now sell prediction markets too: FanDuel Predicts, Fanatics Markets, PrizePicks and Coinbase are brokers that route orders to CFTC-regulated exchanges [14][15][16][17]. Metaculus collects forecasts rather than trades and pays cash prizes in many tournaments [18][19], and Augur, one of the first applications built on Ethereum, has no Augur-native trading app today [20][21].
| Platform | What it is | Who can use it | Fees in short | |
|---|---|---|---|---|
| Polymarket (for reference) | Polymarket.com (international, not CFTC-regulated) and Polymarket US (CFTC designated contract market) [22][23] | Polymarket.com is blocked in 39 countries including the US; US residents use Polymarket US [24][25] | Takers only: shares x rate x p x (1-p), rate 0 to 0.07; Polymarket US: 0.0695 formula with a maker rebate [26][27] | Live odds |
| Kalshi | CFTC-regulated exchange (designated contract market since 2020) [1] | 18+ with ID checks; open in the US and many other countries, but its member agreement bars trading from 55 listed jurisdictions, including the UK, Canada, Australia and France; geofenced Nevada for sports, election and entertainment contracts in August 2026 [28][29][30] | Takers round up(0.07 x C x P x (1-P)); maker fees on some markets [31] | Compare |
| PredictIt | Not-for-profit political market under a CFTC no-action letter [32][6] | US persons 18+ [32] | 10% of profits; $3,500 cap per contract [33][7] | Compare |
| Robinhood | Broker routing to CFTC-licensed exchanges (Kalshi, ForecastEX, Rothera) [4] | US residents 18+ with a Robinhood account [4] | k x p x (1-p), capped at $0.01 per contract, plus exchange fees [4] | Compare |
| DraftKings Predictions | Introducing broker; contracts listed on CME and other exchanges [5] | US residents 18+ in eligible states [34][35] | $0.01 per contract per side at launch, plus exchange fees [36] | Compare |
| Crypto.com | CFTC-regulated exchange (Crypto.com | Derivatives North America) [2] | US only [37] | Sports: takers 0.07 x C x P x (1-P); crypto and index contracts a flat $0.02 [37] | Compare |
| ForecastEx (Interactive Brokers) | Interactive Brokers' CFTC-regulated exchange [3] | IBKR clients 21+ in the US, Canada, Hong Kong, Ireland and Singapore [38] | $0.01 per contract per side; positions earn a 3.38% APY coupon per IBKR [39][38] | Compare |
| Novig | CFTC-regulated sports exchange (Ludlow Exchange, designated June 2026) [10] | 21+ in the US except Arizona, Nevada and Michigan [40][41] | Takers only; pre-game straight trades free [42] | Compare |
| Underdog Predict | Broker (UDM, LLC) routing to UDX, Kalshi and Crypto.com [11][43] | US residents 18+ in eligible states [43] | $0.01 per contract per side plus exchange fees [44] | Compare |
| FanDuel Predicts | Broker (FCM) in a FanDuel–CME Group joint venture; contracts on CME and Crypto.com [45][14] | 18+; financial contracts in all 50 states, sports only where online sports betting is not legal [46][47] | Not stated in the documents we could read | Compare |
| Fanatics Markets | Fanatics' own FCM on Crypto.com's exchange [15] | 21+ in 22 states and 4 territories [48][49] | $0.00034 to $0.02 per contract [50] | Compare |
| PrizePicks | Broker (PrizePicks Predict, FCM) listing Kalshi markets [16][51] | US residents 18+; Team Picks in 35 states, Culture Picks in 48 plus D.C. [16] | Not stated in the documents we could read | Compare |
| Coinbase | Broker (Coinbase Financial Markets, FCM) with Kalshi contracts [17][52] | US customers; barred in Nevada by a court injunction [53][54] | Not stated in the documents we could read | Compare |
| Manifold | Play money (mana) [8] | 13+ (parental permission under 18) [55] | No cash fees; mana cannot be cashed out [55] | Compare |
| Betfair Exchange | Licensed betting exchange (UK, Malta, Italy, Romania, Brazil) [56][57][58] | 18+; not in the US, Canada, France, Germany or Spain [9] | Commission of 5% to 7% on net winnings [59] | Compare |
| Limitless | Crypto prediction market on Base, operated from Panama [60][12] | 18+; not the US, the Republic of China, Ontario or Alberta [12][61] | 0.40% on AMM markets; order-book takers 0.40% to 3.00% [62] | Compare |
| Myriad | Crypto prediction market on BNB Chain, operated from Grand Cayman [13][63] | Legal age; not the US, France, Singapore, Switzerland and others [13] | Order-book takers up to 1.5% at 50 cents; AMM 0% to 2% [64][65] | Compare |
| Metaculus | Forecasting site, not a market: users submit probabilities [18] | 13+ (a parent or guardian reviews the terms for minors) [66] | No trading; many tournaments pay cash prizes [18][19] | Compare |
| Augur | Decentralized protocol on Ethereum since 2018; its own trading app has not relaunched [20][21] | No Augur-native trading app today [21] | Augur v2: a creator fee plus a reporting fee when shares are settled [67] | Compare |
Which one fits you: best prediction markets by what you need (beginners, crypto users, sports fans, politics, outside the US).
It depends on what you trade. Kalshi and Crypto.com list sports, politics and economics on CFTC-regulated exchanges; ForecastEx suits Interactive Brokers clients aged 21+ and pays an interest-like coupon; PredictIt suits small political positions up to $3,500 per contract; Robinhood and DraftKings route to regulated exchanges from their own apps. US residents can also use Polymarket's own CFTC-regulated app, Polymarket US. [1][2][38][7][4][5][23]
Manifold uses play money called mana, which cannot be cashed out; every new user starts with M1,000. [8][55] Metaculus has no trading at all: forecasters submit probabilities, and many of its tournaments pay cash prizes. [18][19]
Polymarket.com works in countries that are not on its blocked list; Betfair Exchange holds licences in the UK, Malta, Italy, Romania and Brazil but bars US customers; Interactive Brokers offers ForecastEx to eligible clients in Canada, Hong Kong, Ireland and Singapore; Kalshi is open in many countries, but its member agreement bars trading from 55 listed jurisdictions, including the UK, Canada, Australia, France, Italy and India; the crypto markets Limitless (on Base) and Myriad (on BNB Chain) bar US users and some other places. [24][57][9][38][29][12][13]
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