Today, we’re going to take a look at the best apps like Robinhood, specifically in relation to prediction markets. These are event contracts that you can trade to predict outcomes on future events related to sports, economics, and more.
The most obvious example is Kalshi, as that’s the source from which Robinhood integrates its event contracts. Moreover, it was also the first app to offer prediction market trading in the US. Other similar apps include Crypto.com and Polymarket, which each have their pros and cons. Regardless of which app you use, prediction market trading is always risky.
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,d making them legal 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.
Robinhood’s prediction markets have been integrated from Kalshi and are included in the main investment app. Therefore, unlike Kalshi, Polymarket, and Crypto.com, 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 them 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 Klashi and are included in the main investment app, rather than being a standalone product.
Based on the pros and cons listed above, we’ve handpicked what we believe are 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 | 4.7 ⭐ | 4.5 ⭐ | Diverse prediction markets |
| Crypto.com | 4.6 ⭐ | 4.4 ⭐ | Larger contracts |
| Polymarket | 4.7 ⭐ | 1.8 ⭐ | High transparency |
As we mentioned above, 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 4.7-star rating on the App Store based on thousands of 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.
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 legal 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 beginner -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.
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 legally accessible 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.
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 at the time of writing:
| 📈 Chance | ✅ Yes | ❌ No | |
| Pistons: | 61% | $0.61 | $0.39 |
| Cavaliers: | 39% | $0.39 | $0.61 |
Event contracts are always priced between $0.00 and $1.00 and usually reflect the chance percentage 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% chance.
As a result, the “Yes” contracts are $0.61 per share, with “No” being $0.39. If the Pistons went on to win the game, the Pistons market would resolve as a “Yes” and the Cavaliers as a “No”.
In this event, the prices would close as follows:
| ✅ Yes | ❌ No | |
| Pistons: | $1.00 | $0.00 |
| Cavaliers: | $0.00 | $1.00 |
If you owned event contracts for either of the correct predictions, you’d make a profit, but if you owned the incorrect ones, you’d make a loss. In the case of a correct prediction trade on Pistons “Yes” contracts at $0.61 per share, you’d make a $0.39 profit. 7
Once you have a fully funded prediction markets account, 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.
Although this cannot eliminate the risk of prediction market trading entirely, it does protect you against negative 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. All three of our recommendations in the article ticked that 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.
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.
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.
Trading event contracts on prediction markets is always a risky activity for several reasons. Above all, you are more likely to lose money than make a profit.
That’s why you should carefully consider if this high-risk form of trading is right for you in the first place. If you do feel like giving it a shot, make sure to only deposit and trade with an amount of money that you can comfortably afford to lose.
The risk is even higher if you trade predictions based on outcomes related to the price rises and falls of volatile assets like cryptocurrency. If you want to mitigate volatility, look for more stable outcomes, such as the results of sports games.
One of the big risks that contract trading has compared with traditional sports betting is the exposure to slippage. This occurs when the executed price is different from the expected price.
For example, you may place an order of “Yes” contracts at $0.61, but the price might “slip” to $0.71 by the time the trade executes. To protect yourself against this, you can place a “Limit Order”, which allows you to insert a maximum price limit that you’re willing to pay. If the price slips above this price, the trade is automatically cancelled.
There are two ways that prices can slip:
Prediction markets on apps like Kalshi, Crypto.com, and Polymarket cover a variety of event categories, not just sports. We’d be here all day if we listed them all, but here are the most popular categories:
In summary, there are many prediction market apps like Robinhood where you can trade event contracts on future outcomes, including sports, climate, culture, and more. As we have explained, Kalshi, Crypto.com, and Polymarket are the three most suitable alternatives to Robinhood for US traders.
Prediction market trading is a high-risk activity that has a high chance of resulting in you losing money. Nevertheless, if you wish to open a trading account, you can access our three top-rated exchanges via the banners on this page.
Kalshi, Polymarket, and Crypto.com are all similar to Robinhood in that they offer prediction market trading. Kalshi is actually the source from which Robinhood’s prediction markets are integrated.
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.
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.
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