Below, we’re going to take a look at the best prediction market apps like Robinhood. These include Kalshi, Crypto.com, Polymarket, and Plus500, each of which offer diverse market coverage and are licensed by the CFTC.
We'll explore these prediction market apps in more detail, while also analyzing precisely how event contracts work. We'll even address to pros and cons of using the Robinhood app when compared to its rivals.
Based on extensive testing, we’ve identified the best alternative apps to Robinhood’s prediction market offering. All of these apps have strengths in the key areas where Robinhood has weaknesses. However, they also have their shortcomings, and event contract trading always carries risk, regardless of which platform you use.
| 📈 Prediction Market App | 🍏 App Store Rating | ▶ Google Play Rating | 🏆 Best For |
|---|---|---|---|
| Kalshi | 4.8 ⭐ | 4.7 ⭐ | Broad range of prediction markets |
| Crypto.com | 4.7 ⭐ | 4.4 ⭐ | Larger contracts and crypto acceptance |
| Polymarket | 4.7 ⭐ | 4.6 ⭐ | High transparency and niche markets |
| Plus500 | 4.7 ⭐ | 4.4 ⭐ | Ease of use and bonus range |
Kalshi was the first platform to offer its traders the chance to buy and sell event contracts for prediction markets. To this day, it continues to be the most popular app for this type of trading, with an impressive 4.8/5 star-rating from around 567,000 reviews.
Kalshi has managed to stay at the top of its game and ahead of the competition through market diversification. Here, you can trade on a massive range of future outcomes, including sports, economics, and pop culture events. You can buy in contracts, dollars, and you can limit orders based on price and time frame to mitigate the risk of negative slippage. The high trading volume also unlocks excellent volatility around popular markets.
Of course, Kalshi isn’t without its downsides. Some of the more niche markets have low liquidity, so finding equal counterparts for your trades can be challenging. Moreover, there’s a complex fee structure that’s based on your expected profits. It’s not necessarily always more expensive to trade here, but calculating how much you can expect to pay isn’t easy.
Still, Kalshi is at the top of the pile for a reason and is available in all 50 states at the time of writing. It is a regulated exchange by the United States Commodity Futures Trading Commission (CFTC) and has a legal age limit of 18+. There are no restrictions for now, but as we said, that could change as the landscape is moving fast.
Robinhood and most other prediction market apps offer standard event contracts that are priced between $0.01 and $1.00 each. Crypto.com has found a gap in the market here, as it offers contracts priced between $0.10 and $10.00, and from $1.00 to $100.00. The advantage of this is that you can buy whole contracts when buying in dollars, instead of being left with fractional shares.
The prediction markets at Crypto.com used to be offered on the made trading website as a side product, much like Robinhood. However, in February 2026, they launched “OG”, which is a dedicated app just for prediction markets trading. The app is known for its simple and user-friendly interface that’s much more user-friendly than Kalshi, though the market selection is far less diverse.
The fee structure is simple, even if it’s not quite the best, as you’re charged $0.02 to open and $0.02 again to close early on all $1.00 event contracts. Higher fees are incurred for their $10 and $100 contracts. On the other hand, $0.00 is charged on winning event contracts.
The event contracts here are CFTC-regulated and offered via Crypto.com | Derivatives North America (CDNA). The app is accessible to users in the US aged 18+. However, it is prohibited outright in Arizona and New York, with users in Nevada, Ohio, Michigan, Maryland, Massachusetts, New Jersey, and Illinois unable to trade on sports prediction markets.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn’t guarantee future results. This is not a solicitation or recommendation to trade.
Since launching its CFTC-regulated prediction market exchange with a US headquarters in NYC, Polymarket has risen to become the biggest rival to Kalshi. While a popular option for experienced traders, its crypto-only model adds an extra element of volatility that requires more experience and a higher risk threshold.
Still, if you are looking for attention to detail, market diversity, and transparency with high liquidity, the Polymarket iOS app and website can offer you that. There is a range of market tracking tools and features. For instance, the Order Book shows you the total trading volume as well as the details of all open and closed trades. You can also customize charts to include the precise level of detail that you need.
Unfortunately, the Android app isn’t yet up to scratch with the iOS version, to the point we’d recommend using the mobile-optimized website instead. The mobile site works well on all browsers and is reasonably user-friendly, so it’s certainly not a bad substitute.
Polymarket is CFTC-regulated and available to adults aged 18+ in all 50 states. However, some states may have restrictions, and there are functions that are included on the US app, but restricted from use, such as the 1-Tap trade button.
Plus500 shares some similarities with Robinhood, offering a decent selection of markets across multiple verticals. It also operates a relatively simple and affordable fee structure.
However, its interface is arguably easier to use overall, especially when it comes to identifying contract prices and reading charts. Plus500 is also home to a number of comprehensive guides, which help to break down the key prediction market terms and functions. These can include notions like liquidity, order-book functionality, and the impact of trading volumes.
At the time of writing, Plus500 is offering a choice of welcome bonuses to new traders. The most accessible comprises $20 in bonus funds, which can be claimed when you deposit and trade $10 on qualifying markets. This bonus is exclusive to prediction market contracts. Although there’s also a four-tier welcome offer that incorporates some prediction market trades, this is primarily aimed at futures traders and requires a much higher buy-in.
However, Plus500 applies a flat 1.75% fee to every withdrawal request that it process. Unfortunately, this applies across every eligible payment method at present.
Prediction market apps like Kalshi, Crypto.com, Polymarket, and Plus500 all cover a variety of event categories, not just sports. Here’s a selection of the most popular categories overall:
If you’re aware of the risks involved with the buying and selling of event contracts and you still wish to trade prediction markets, here’s how you can get started:
Read our expert prediction market reviews to decide which app is right for you
Tap the relevant link to load the download page for your chosen app
Download and install the prediction markets app
Create a username and password for your account
Provide a valid email address and US mobile phone number
Enter the email/SMS OTP to verify your account
Enter your personal info as it appears on your ID, which you may need to upload for further verification
Read and accept the T&Cs
Check everything over and submit the form
Fund your account and start trading event contracts on prediction markets
Whether you’re using apps like Underdog Predicts, Robinhood, or Kalshi, the main premise of how event contracts work for prediction markets remains largely the same. To give you a straightforward sports example, here are the event contracts that we’ve pulled directly for a Pistons vs Cavaliers game on Kalshi:
| 📈 Chance | ✅ Yes | ❌ No | |
| Pistons: | 61% | $0.61 | $0.39 |
| Cavaliers: | 39% | $0.39 | $0.61 |
Event contracts are always priced between $0.00 and $0.99 prior to settlement, and usually reflect the probability of an outcome occurring at a 1:1 ratio. As you can see in the example above, the Pistons are favorites to win the NBA game with a 61% probability.
This is because the “Yes” contracts are priced at $0.61 per share, with “No” being priced at $0.39. This means that traders are giving the Cavaliers a 39% chance of winning the match. Usually, all implied probability values will combine to create total sum of 100%, with the main exceptions being futures markets with a number of potential outcomes or multiple winners.
In this case, if the Pistons went on to win the game, their “Yes” contract would settle at $1.00 per share. If the Cavaliers prevail, your “No” pick will settle at the same amount. In both cases, losing outcomes will settle at $0.00.
| ✅ Yes | ❌ No | |
| Pistons: | $1.00 | $0.00 |
| Cavaliers: | $0.00 | $1.00 |
To provide further context, successfully picking the Pistons to triumph will deliver an ROI of 63.93%. This equates to an approximate 1.64x return on your initial investment. Conversely, if you successfully predict a victory for the Cavaliers, you’ll achieve an ROI of 156.41% and a 2.56x return on your capital.
If you owned event contracts for either of the correct predictions, you’ll make a profit. However, if you owned the incorrect ones, you’d make a loss. Remember, you can also sell profitable positions early (such as in instances where your pick moves into a decisive lead). However, this also requires the requisite level of demand and liquidity.
Once you have a fully funded prediction markets account with your chosen app, there are two main ways that you can buy event contracts:
Prediction market trading is very different from sports betting in that your trade needs an equal number of counterparts. This means that your trade won’t necessarily go through straight away, especially if you are “making” the market and waiting for “takers”.
The market can move while you’re waiting for the trade to execute. This can result in negative slippage, where the executed price of the trade ends up being higher than your expected price.
Apps like Kalshi and Polymarket allow you to place limit orders with a maximum price per contract that you’re willing to pay. If the price slips above your maximum limit, the trade cancels automatically. So, although this cannot eliminate the risk of prediction market trading entirely, it does protect you against negative slippage.
As we’ve touched on, selling positions early can also help you to lock in early profits and minimize potential loss. This is why it’s important to create a viable exit strategy for every trade and contract, and one that factors in the role of liquidity and slippage.
Here are the key elements that we take into consideration when rating and reviewing prediction market apps like Robinhood:
To legally offer prediction markets and even contract trading in the United States, websites and apps must be regulated financial exchanges by the Commodity Futures Trading Commission (CFTC). All of our recommendations on this page ticks this box.
Once we’re confident that the app is legal, we turn our attention to security. Good apps should protect your funds and offer 2FA and biometric login protocols to protect your trading account from hackers. They should also offer 128-bit SSL security as a minimum standard.
At a basic level, the prediction markets app should be easy to navigate for users of all experience levels. A neat interface layout with market search filters, a straightforward purchase process, and live stat trackers are all essential.
After we’ve tested the app for usability, we can look for special features, such as the 1-Tap purchase option on Polymarket and the transparent Order Book that shows real-time trading volume. Not all prediction markets apps like Robinhood will have such features.
Most importantly of all, we browse the market selection to see how diverse the selection is. Besides that, you also check market volume and liquidity to see if there’s a high chance of matching orders and executing trades for niche markets as well as popular ones.
Good prediction market apps offer a decent variety of fiat and cryptocurrency payment methods. Besides looking at the payment options available, we have to take into account the limits, hidden fees, and withdrawal processing times.
All prediction market apps charge a fee on taker trades, but the fee structures and sizes can vary widely. A small flat-rate taker fee like the $0.02 charged at Crypto.com is optimal in this respect.
Most decent prediction market apps offer phone, email, and live chat customer service options. Though 24/7 service isn’t always available, long working hours with weekend availability to suit fine if the response times are quick enough.
After we have formed our own opinion, we take a look at the user reviews and ratings to see what the general client base thinks of the app. This helps us get out of the echo chamber to look at the bigger picture.
Ideally, we want to find prediction market apps that are available to residents aged 18+ in all 50 states. However, due to regulatory requirements and state laws, that isn’t always possible, as is the case with Crypto.com.
As you might already know, Robinhood is a trading and investing app that covers stocks, shares, ETFs, and crypto, among other things. Recently, it decided to compete with apps like PrizePicks by adding prediction markets to its platform.
It offers these prediction markets through Robinhood Derivatives, which is CFTC-regulated, making them broadly available in all 50 states for traders aged 18+. However, prediction markets are considered high risk, and some states have legislation in the works that could result in bans, so watch this space. some restrictions may be imposed on selected markets, particularly sports.
Robinhood’s prediction markets have been integrated from Kalshi and are included in the main investment app. Therefore, unlike Kalshi, Polymarket, Crypto.com, and Plus500 Robinhood hasn’t yet made a dedicated platform solely for prediction markets.
Here are the key facts:
| 📱 Prediction market apps: | Robinhood |
| 🧑⚖ Regulation: | CFTC-regulated visa Robinhood Derivatives |
| ✅ Legal in the US: | Yes |
| 🇺🇸 Number of legal states: | 50 |
| ❌ Dedicated prediction markets app: | No |
| 📈 Prediction market source: | Kalshi |
| ⭐ App user rating: | 4.3 (App Store) / 4.1 (Google Play) |
For us to help you find the best prediction markets like Robinhood, we must first highlight the pros and cons of trading contracts on this app. As you can see below, Robinhood prediction markets have a lot of strong points, most notably the cheap flat-rate taker fee of $0.02 per contract. The main downside is that it’s not a dedicated prediction markets platform. The event contracts are integrated from Kalshi and are included in the main investment app, rather than being a standalone product.
During extensive testing, we’ve identified Kalshi, Crypto.com, Polymarket, and Plus500 as being among the best prediction market apps like Robinhood. These sites all offer event contracts across a range of verticals and future outcomes, including sports, climate, culture, and politics.
Each of these sites have their own unique pros and cons. For example, Kalshi offers the biggest and deepest range of markets, whereas Polymarket provides niche contracts and customizable charts. Plus500 is ideal for beginners, whereas Crypto.com enables you to trade markets across a large selection of tokens.
Robinhood also has its own unique pros and cons, so we’d urge you to compare each site independently before choosing the one that’s right for you. You can then access each of our top-rated exchanges via the banners on this page.
Kalshi, Polymarket, Crypto.com, and Plus500 are all similar to Robinhood in that they offer prediction market trading across a range of events and verticals. Kalshi is actually the source from which Robinhood’s prediction markets are integrated, so these apps are particularly similar.
Kalshi is a better app than Robinhood as it offers more prediction markets and tools to help traders. However, the fee structure is more complex and more expensive than Robinhood’s. Polymarket offers access to niche markets and Crypto.com offers contracts across a wide range of cryptocurrency tokens. As for Plus500, this offers extensive guides for beginners and also includes a choice of welcome bonuses.
For its regular investment and trading products, Kraken and similar platforms are Robinhood’s biggest competitors. When it comes to prediction markets, Kalshi, Polymarket, and Crypto.com are the main competitors. At the time of writing, Kalshi and Polymarket are the biggest prediction market apps in the space.
One of the biggest advantage offered by the Robinhood app is its low and simple fee structure. This comprises minimal trading fees of $0.02 per contract. Kalshi also provides the site with a solid foundation and excellent tech stack, while the app is currently available in one degree or another in all 50 US states.
We’ve broken down the key pros and cons associated with the best prediction market apps like Robinhood, including Kalshi, Polymarket, Crypto.com, and Plus500. We test and review all sites using a range of consistently applied metrics, but we’d also urge you to conduct your own analysis based on your unique tastes and preferences.
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