PredictIt Review

Welcome to the InGame PredictIt review page. PredictIt is a top, real-money prediction market platform that lets you leverage your political knowledge. Rather than bet on sports or horse races, you are trading shares based on market outcomes. Possible events could include presidential elections, Supreme Court decisions, financial markets, and world events.

If you’re new to prediction markets, all you have to do is choose an event that you know something about, or are interested in, then see the odds that the market offers, and finally decide if you agree with the market or think you can identify a better outcome.

As a nonprofit research project regulated by the CFTC (Commodity Futures Trading Commission), PredictIt allows you to buy or sell contracts associated with elections, policy outcomes, and similar public interest topics. Its methodology combines precise forecasting with a transparent and rule-based market.

That said, it’s not for everyone. The fees are quite high and the focus on politics exclusively can feel limiting.

Whether you’re a seasoned forecaster or a newcomer to political predictions, this guide will give you the tools to understand the key features of PredictIt, how to get started, the markets available, the legalities, fees, banking options, and the best strategies for you on PredictIt.

PredictIt quick review

This PredictIt review will give you an understanding of exactly what PredictIt has to offer. The site really excels for US elections and policy markets, consistently generating, at times, more than $10 million in liquidity for major elections. It is easy, fast, and transparent. Pages load in less than two seconds, and each market is accompanied by easily understood, well-referenced rules provided by credible sources. 

In other words, it is a quick and confident way to engage in political forecasting.

That said, here are a few drawbacks to chew over: 

I haven’t personally seen any solid commitments, but CEO John Aristotle Phillips was talking about “new product categories” that could start rolling out in early 2026. However, the sports markets are still unconfirmed and would need to be approved by regulators. In the meantime, here are a few pros and cons of PredictIt.

How PredictIt works

For a quick reference, I have put together an overview table tailored for prediction markets:

PredictIt is a political prediction market, regulated by the CFTC, where you can buy or sell shares according to the expected outcome of political events. It combines real-money risk with academic analysis and any prediction market analysis using academic research makes it distinctive. PredictIt is for political fans. If you enjoy predicting elections and do not mind the fees, PredictIt is an easy way to see how your prediction matches up against the market.

If you believe an event will come to pass, you purchase “yes” shares. If you believe an event will not happen, then you buy “no” shares. The share prices can range from $0.01 to $0.99, indicating the market’s probability of an event occurring. So, a “yes” share priced at $0.75 means the market has placed 75% odds that the event will come to pass. Once the market resolves, winning shares will pay out $1 each.

Liquidity is the ability to trade shares quickly, and the liquidity on PredictIt is derived from traders, well, trading among each other. Because you trade among other traders, within active markets, the spreads tend to be tight or narrow. When there is significant new demand for shares or if significant news breaks, the PMRC (Prediction Market Research Consortium), the company that runs PredictIt, will add new contracts.  Many times, trading activity will peak immediately after elections or during new major policy debates.

Key features of PredictIt

I like how PredictIt focuses on binary political contracts settled by sources, such as government agencies, so you can hone your forecasting skills without being distracted.

Participation and liquidity tend to increase in election years, often 5x normal volume, leading to faster fills and more efficient pricing in headline races.

Available bonuses and promotions

When it comes to bonuses and promotions available, you’ll be disappointed. There are no welcome bonuses, deposit matches, or promo codes on PredictIt. This isn’t a conventional site, and they do not have promos or incentives of any sort. The site is a nonprofit, so its value is from market pricing and highly liquid trading, instead of promos or bonuses.

You can verify this policy in the official FAQs, as well as at the sign-up stage. As we always say, please follow its recommendation and check these sources; never rely on a third-party website that says there are PredictIt promo codes out there. There aren’t. These sites are misleading and can’t be trusted. 

When assessing PredictIt, it is more appropriate to think about the factors that actually affect profitability: trading costs, spreads, liquidity, and position limits. Active markets will usually have tight spreads, there is a 10% fee on profits, and position limits are capped at $3,500. These factors impact the actual value of trading on the site.

Is PredictIt legal?

PredictIt is a legal and licensed commodity and operates within the law under the supervision of the US Commodity Futures Trading Commission as a registered derivatives exchange. You’ll trade legally in the US because PredictIt is regulated as a platform providing event contracts rather than plain old gambling.

PMRC, which owns and operates PredictIt, is a US nonprofit organization, and Aristotle serves as its servicer. You need to be a US resident and at least 18 years old; geoblocking prevents access from outside the country.

Full nationwide access became available to US citizens in September 2025. It’s important to note that you must adhere to IRS reporting for profits over $600.

You’ll also need a US IP address to use the service. A VPN can result in account bans, and traders from other countries are not permitted to use PredictIt.

Getting started on PredictIt

Getting started on PredictIt is a simple process. You’ll be good to go with these steps.

What markets can you trade on?

My PredictIt review found that the markets you can trade on PredictIt will predominantly have something to do with US elections, legislation, and current events. These are the usual markets that have the highest volume and liquidity.

I have seen trading on candidate matchups, the Senate and House majority, and multi-year primary projections; these are definitely the most liquid markets.

There are markets for the passing of bills, major economic news, and executive actions; liquidity typically spikes after breaking news. In addition, you can bet on international elections and US judicial or local results. These markets will tend to be thinner, but it can provide an opportunity for seasoned traders.

On each market page, the “Resolution Criteria” section will define the market, what the end date actually is and what source of information they will rely upon. I’d recommend reviewing these rules before engaging in trading.

More on PredictIt

Keep an eye on PredictIt.org/announcements for news. Posts in late 2025 hinted at “new products,” but offered no details on sports markets. The CFTC often classifies sports predictions as “gaming,” which complicates approval. We’ve tracked Kalshi’s cases as a potential reference for future developments.

Check out early lines, the $3,500 risk cap, and the methodology for deriving results from official league or event stats. When it comes to limits and resolution sources, there will be work to do if sports markets ever appear.

You’ll use limit orders to control fills; slippage can occur in thin markets. Busy markets can fill almost instantly, while thin markets may take longer.

Markets have a 30-day appeal window, and winners receive $1 auto-credited after settlement. We’ve found that this approach effectively reduces disputes.

For more on PredictIt, check out the table below.

PredictIt review fees and banking options

There is a 10% fee on profits at PredictIt, and although there are no fees on deposits, you will incur a flat 5% fee to withdraw. During non-peak times, spreads widen when market liquidity is lower, which can affect when you execute your trades. 

The withdrawal fee is taken off at payout; all fees from PredictIt are deducted when your market closes or you withdraw funds. 

To put this in perspective, on a $100 investment, you would need to achieve over $115 in total gross profits to break even, taking into account the 10% profit fee and the 5% withdrawal fee.

Deposits, withdrawals, and banking

Deposits, withdrawals and banking at PredictIt are limited. Your PredictIt account can be funded with real money and cashed out, but the options are limited compared to other platforms. You can deposit through debit cards or online banking. Withdrawals are delivered by a check or ACH. Although there are not a lot of options, the methods are considered safe and secure ways to transfer your money.

Money deposited by card is processed instantly so you can start trading right away. Withdrawals (as expected) can take 5–10 days. The minimum deposit is $10 and money can be withdrawn no lower than $50. I have found it helpful to double-check the account info before processing these transactions to help ensure processing errors are minimized.

Deposits can be made with a card or ACH, but withdrawals can only be made by bank transfer. If you are looking to deposit using eWallets or Cryptocurrency, you would be better off on another site. New deposits are subject to a 30-day hold before it can be withdrawn. After the 30-day period for hold on liquidity, payouts are sent once per week.

PredictIt review user experience and app accessibility

User experience and app usability are at the core of the daily PredictIt experience, and center around a fast, clean, and easy-to-use website. There has not been a single delay, slow load times, or anything preventing us from trading and perusing the website. The entire experience is seamless and user-friendly. During the PredictIt review, I found that the layout was intuitive and easy to locate and navigate markets and execute all of my trades without any delay.

The navigation was exceptionally straightforward, thanks to the quick search feature and the top menu bar, right from the very onset of all trading. Every page loaded in just under two seconds and overall, it was an effective and minimalist experience during my time spent on the site.

Entering and tracking orders was also very simple, as they provide a one-click buy and sell capability. You can immediately access your positions in real-time P&L (profit and loss statements) and quickly see the outcome of your trades, which is a great feature to have if you’re following your prediction.

Social features and discovery tools like comments and trends pages make it easier to see market movers so you can be on the pulse of what’s popular, or watch something that could become an opportunity. The alert and watchlist notification system is robust and allows you to create limitless watchlists, and you can also turn on alerts via email and SMS that will keep you updated on all market condition changes in real time.

The site is also completely mobile responsive; there is no need for a native application. My experience using the mobile site was smooth and quick. It is useful for trading on the go 

One thing to note is the PredictIt platform does go offline for maintenance every day from 4 a.m. to 5 a.m, in case you are an early riser or early bird looking to catch some political forecasting.

Safety, security, and trust signals

When it comes to safety, security, and trust, PredictIt focuses strongly on these. Your account will feature 2FA (two-factor authentication), along with a strong password policy, to try to keep your funds and personal information safe. You’ll want to enable all security features, and remember that there is a 15-minute inactivity timeout for security while stepping away from your computer.

PredictIt offers full transparency with official data sources and public audit trails to review the accuracy of market conclusion details. This makes it very easy to confirm market conclusions.

If you ever face problems using the site, you will be able to reach the customer support department and get a ticket on your inquiry. If you appealed any decision, you would have 30 days to submit your appeal. My experience has shown the support department to be very responsive and helpful. Serious issues are sometimes addressed the same day, while everything else is usually resolved in 24 hours or sooner.

Responsible trading on PredictIt

Responsible trading on PredictIt is a bit of a gray area. I saw no mention of responsible trading on a dedicated page on the PredictIt website, nor in the terms and conditions, so it is important that you set your own deposit and trading limits to control your spending. 

You have a number of options to manage your activity, including deposit and loss limits, session logs, time-outs, and self-exclusion, so you can monitor and control your trading activity.

PredictIt vs. the competition

When you look at PredictIt compared with alternatives, it’s useful to know what each platform has to offer. Each platform has its own advantages depending upon the types of markets you want to trade, and which means you prefer to trade.

You’ll notice some key differences in this table:

If you’re a sports market enthusiast or looking to trade with lower fees, I’d recommend Kalshi. 

Kalshi provides a more robust experience as it supports a more diverse array of event types, and the trading fees are lower overall than can be found on PredictIt. However, PredictIt is a better fit if you wish to focus primarily on political trading, as it provides a safe, regulatory compliant environment to trade within. 

Polymarket is a better fit for more global traders who feel comfortable using crypto to trade, while PredictIt is more for a US-based trader who wants to trade US dollars with clear transparency and regulation. PredictIt’s focus on civic and political events, makes it unlike other platforms, and makes it especially interesting for anyone wishing to trade various election outcomes, legislation, or other public affairs markets. 

For more on Polymarket vs. PredictIt, check out my comparison page.

Ultimately, your choice between these platforms will depend on the markets you are most interested in trading in and whether you want to use traditional forms of fiat transactions or a cryptocurrency-based trading system.

PredictIt review conclusion

PredictIt is best for those who live in the US, have an interest in elections and public policy, don’t want to deal with cryptocurrencies, and are okay with rules-based markets. It’s not the right tool if you’re looking to trade sports contracts, want low fees, or need a fully featured mobile app.