PredictIt Bonus Code

Welcome to the InGame PredictIt bonus code guide and review. PredictIt offers users the chance to trade contracts related to future political events. This page will cover whether a PredictIt bonus code is required to access any new customer offers and what users can expect when they sign up for a PredictIt account. We will cover everything related to PredictIt so you can be ready to trade the future. Let’s get started.

What Is The PredictIt Bonus Code?

There is currently no PredictIt bonus code because PredictIt does not offer any new customer promotions. We are hopeful this will change in the future, but for now, you don’t need a PredictIt bonus code to unlock a new customer offer because there aren’t any available. 

More on PredictIt

PredictIt is similar to other prediction market platforms in that traders can buy and sell contracts to future events. It differs from the competition in a few ways, however. PredictIt only offers markets on political events. No sports, no pop culture. Nothing but politics and elections. It has also been around longer than most of the competition, opening up in 2014 as a nonprofit educational project created by the staff at Victoria University in New Zealand. PredictIt has an office in Washington, DC and is only available in the USA.

PredictIt is regulated by the CFTC and is available in every US state and territory. The company has grown as prediction markets have become more popular, but its focus on politics makes it a favorite choice for those interested in current affairs. The prices are about the same as Kalshi and Polymarket but the volume is much lower, sometimes only 1% of the biggest operators. Lower volume can sometimes lead to a better price and arbitrage opportunities, but it can also be tougher to quickly sell positions if the market is moving.

How to sign up for the PredictIt bonus code

PredictIt may be the only prediction market operator that does not have an app. If you would like to sign up for an account and use the Predict bonus code when one becomes available, you can only do so on the home page. Here are the steps required to get set up on PredictIt.

1. Click on the Sign Up button in the top right corner of the home page.
2. Use your Facebook or Twitter account login to create an account or enter your email address and create a password and username. Then click on the Create Account button. 
3. Add some personal information, including your full name, date of birth, home address, and the last four digits of your SSN. PredictIt needs this information to confirm your identity and they use industry-leading encryption technology to keep your details private. 
4. At this point you are prompted to make a deposit, but you can wait until later if you don’t want to fund your account right away. Just click the Open your Wallet button to be taken to your profile page. 
5. That’s it. The sign-up process is much easier than sportsbooks or other prediction market platforms. Whenever you choose to fund your account, you will be able to start trading event contracts. 

Where can I use the PredictIt bonus code?

Once a PredictIt bonus code becomes available, you will be able to use it in every US state and territory. Because PredictIt is federally regulated by the CFTC and has been since 2014, it is technically open to anyone in the United States 18 and over who wants to sign up for an account. 

So far, PredictIt has avoided the controversies surrounding other prediction market operators as they expand into sports event contracts, but it is still possible that the company’s regulatory status will change as state attorneys general continue to file lawsuits against prediction market platforms operating without proper licensing and regulatory approval. 

Available markets on PredictIt

PredictIt has always been focused on politics and elections. Currently, there are four categories of markets available on the site, including elections, President, Congress, State/Local, and World. Because of the site’s origination as a politically-focused platform, no sports markets are available on PredictIt, but they might be at some point in the future. 

Whenever a PredictIt promo code becomes available, you will be able to use it on a wide variety of event contracts related to anything political in the US or around the world. 

PredictIt fees and banking options 

Right now, the only way to fund your PredictIt account is by using a credit or debit card. This is much different than the wide variety of ways other sportsbooks and prediction market platforms let you fund your account. 

While there is no fee to deposit at PredictIt, withdrawals incur a 5% processing fee and a 30-day holding requirement after your first deposit of $10 or more. That means that you can’t take out your funds until a month after you make a deposit. This is highly unusual and unique in the world of prediction markets. 

Additionally, and even more unusual, if you sell a contract for a higher price than you paid for it, PredictIt charges a 10% fee of your profit. Those fees help fund the maintenance of the site and offset the lack of volume and spread premiums that are part of how bigger operators generate revenue. 

PredictIt customer support

PredictIt has a support section with a few guides, including an FAQ section and even some instructional videos. If you have a question that is not included in the support section, you can send the folks at PredictIt an email detailing your query. There is even an upload option to attach supporting documentation, which can sometimes be helpful. Unfortunately, email is the only customer support option offered. There is no chat or toll-free helpline available for those who need immediate assistance. 

Conclusion

Those interested in using a PredictIt bonus code to get a new customer offer will be disappointed to learn that one does not exist right now. PredictIt doesn’t have any promotions available for new or existing customers. While we hope that changes in the future, we are not expecting the site to become anything aside from what it is now: an interesting prediction market for those interested in politics and elections.

With its high fees, low trading volume, and limited selection of markets, PredictIt will never be one of the big prediction market platforms. It can, however, be a meaningful source of information and price discovery that can be used to inform trades on the competitor sites. PredictIt has its place in the world of prediction markets, but unless it broadens its offerings, it will remain a niche operator.