Prediction markets enable you to trade on real-world outcomes — everything from elections and economic reports to sports performance and cultural movements. These markets are experiencing rapid growth as more traders seek alternatives to conventional markets.
Despite the momentum, access is still limited. Only a small number of regulated brokers and exchanges currently offer event-contract trading in the US, each with its own set of markets, fees and platform features.
Here’s where you can trade event contracts, along with the pros and cons of each platform.
Through a partnership with Kalshi, Robinhood's prediction markets hub offers event contracts around economics, men's professional basketball and men's pro hockey, with the ability to trade preset combinations of the outcome, totals and spreads of individual NFL games. Previous markets included the 2024 Presidential Election and the 2025 Masters. Robinhood charges a $0.01 commission per contract, per side, and another $0.01 per contrct, per side, goes to the exchange that executes the order.
Event contracts are only available on the Robinhood app. While you won't find access to event contracts through the web, you can earn a 3.25% APY on your uninvested cash.
Annual fee
$0 per year
Minimum deposit
$0
Signup bonus
Get a free stock
Through a partnership with Kalshi, Robinhood's prediction markets hub offers event contracts around economics, men's professional basketball and men's pro hockey, with the ability to trade preset combinations of the outcome, totals and spreads of individual NFL games. Previous markets included the 2024 Presidential Election and the 2025 Masters. Robinhood charges a $0.01 commission per contract, per side, and another $0.01 per contrct, per side, goes to the exchange that executes the order.
Event contracts are only available on the Robinhood app. While you won't find access to event contracts through the web, you can earn a 3.25% APY on your uninvested cash.
Deposit or transfer $100,000+ to earn a 4% Match Bonus, or $2,000+ to earn a 3% Match Bonus. Plus: Get a $100 transfer fee reimbursement on your first brokerage transfer of $2,000 or more. T&Cs apply.
Webull's partnership with Kalshi, an event contract exchange, lets customers trade select event contracts directly within the Webull platform. View available contracts with Webull's real-time Order Book data or view market movements and volume data in a chart.
Webull charges a $0.01 commission per contract, and it's only available through the mobile app.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
Get up to 2% match bonus
Webull's partnership with Kalshi, an event contract exchange, lets customers trade select event contracts directly within the Webull platform. View available contracts with Webull's real-time Order Book data or view market movements and volume data in a chart.
Webull charges a $0.01 commission per contract, and it's only available through the mobile app.
Interactive Brokers(IBKR) charges no commission on forecast contracts through ForecastEx and $0.10 per contract for CME event contracts. Plus, earn 3.83% APY on your investment with an interest-like incentive coupon.
Markets include elections, economic indicators, environmental and government. Trade across IBKR's desktop, mobile and online trading platforms, and get $3 to try it out when your account receives permissions for Forecast Contracts.
Annual fee
$0 per year
Minimum deposit
$0
Signup bonus
N/A
Interactive Brokers(IBKR) charges no commission on forecast contracts through ForecastEx and $0.10 per contract for CME event contracts. Plus, earn 3.83% APY on your investment with an interest-like incentive coupon.
Markets include elections, economic indicators, environmental and government. Trade across IBKR's desktop, mobile and online trading platforms, and get $3 to try it out when your account receives permissions for Forecast Contracts.
Pros
Trade across various platforms
Straightforward commissions
Advanced trading tools
Earn a 3.83% APY incentive coupon on your investment
Get up to 3% transfer bonus when you bring your stocks over. Plus, an additional $100 reimbursement when you transfer at least $2,000 from other brokerages. T&Cs apply.
Crypto.com's Prediction Trading platform lets you speculate on real-world events by trading outcome-based contracts in a simple, intuitive interface. With as little as $10, go long or short on whether specific events will happen — from global politics to sports and entertainment — and see live market odds update in real time as sentiment shifts.
Each prediction market on Crypto.com offers transparent pricing, instant settlement after results are verified and the flexibility to exit positions early. Backed by Crypto.com's trusted infrastructure, the platform brings a secure, regulated way for users to turn their insights into potential profits while participating in a dynamic, community-driven marketplace.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
N/A
Crypto.com's Prediction Trading platform lets you speculate on real-world events by trading outcome-based contracts in a simple, intuitive interface. With as little as $10, go long or short on whether specific events will happen — from global politics to sports and entertainment — and see live market odds update in real time as sentiment shifts.
Each prediction market on Crypto.com offers transparent pricing, instant settlement after results are verified and the flexibility to exit positions early. Backed by Crypto.com's trusted infrastructure, the platform brings a secure, regulated way for users to turn their insights into potential profits while participating in a dynamic, community-driven marketplace.
Pros
Straightforward commissions
User-friendly platform
Integrated within your existing Crypto.com account
Kalshi is the first exchange regulated by the Commodity Futures Trading Commission dedicated to trading event contracts. Its selection of tradable markets is unmatched, offering access to:
Politics
Sports
Culture
Crypto
Climate
Economics
Mentions
Companies
Financials
Tech & Science
Health
World
Kalshi's trading fees aren't as straightforward. It charges a transaction fee on the expected earnings of the contract, but it pays 3.75% interest on cash and open positions.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
N/A
Kalshi is the first exchange regulated by the Commodity Futures Trading Commission dedicated to trading event contracts. Its selection of tradable markets is unmatched, offering access to:
Politics
Sports
Culture
Crypto
Climate
Economics
Mentions
Companies
Financials
Tech & Science
Health
World
Kalshi's trading fees aren't as straightforward. It charges a transaction fee on the expected earnings of the contract, but it pays 3.75% interest on cash and open positions.
Fanatics Markets recently launched as a fan-centric prediction-market platform where users can trade event contracts on sports, finance, economics and politics. The platform is backed by CFTC-regulated infrastructure via Crypto.com, providing regulatory legitimacy.
The app is available on iOS and Android. Fanatics Markets is currently available in 24 states, with plans for broader rollout.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
N/A
Fanatics Markets recently launched as a fan-centric prediction-market platform where users can trade event contracts on sports, finance, economics and politics. The platform is backed by CFTC-regulated infrastructure via Crypto.com, providing regulatory legitimacy.
The app is available on iOS and Android. Fanatics Markets is currently available in 24 states, with plans for broader rollout.
Polymarket is being rolled out in the US via waitlist.
Polymarket offers event contracts on topics like politics, crypto, sports, AI and global events. Popular markets have included the 2024 US Presidential election and monthly CPI prints. Trading is peer-to-peer using USDC, and there are no trading fees — just a small spread built into pricing.
Polymarket is only available through Web3 wallets and is not yet accessible to US users due to regulatory restrictions. However, according to Polymarket, it will soon be available for US traders. Markets settle based on real-world outcomes via decentralized resolution mechanisms.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
N/A
Polymarket is being rolled out in the US via waitlist.
Polymarket offers event contracts on topics like politics, crypto, sports, AI and global events. Popular markets have included the 2024 US Presidential election and monthly CPI prints. Trading is peer-to-peer using USDC, and there are no trading fees — just a small spread built into pricing.
Polymarket is only available through Web3 wallets and is not yet accessible to US users due to regulatory restrictions. However, according to Polymarket, it will soon be available for US traders. Markets settle based on real-world outcomes via decentralized resolution mechanisms.
Pros
Wide range of timely, niche markets
Low-cost trading (no fixed fees)
Transparent blockchain settlement
Cons
Requires Web3 wallet and USDC
Market resolution via crypto governance may concern some users
Prediction markets are platforms where you can trade what are called event contracts— essentially bets on the outcome of a future event.
These contracts typically have a simple yes/no structure. For example:
“Will candidate X win the election?” or “Will inflation exceed 2.5% this month?”
If you believe the event will occur, you buy the “Yes” contract. If you think it won’t, you buy the “No” contract.
The price of a contract — between $0.01 and $0.99 — reflects the market’s current consensus probability of that event happening. A contract priced at $0.60 implies a 60% chance of that outcome.
Once the event settles, the contract resolves. If the outcome occurs, you get $1 per contract. If it doesn’t, the contract expires worthless.
Because the contract prices move as new information becomes available (polls, news, analysis, on-the-ground updates), prediction markets serve two roles:
Speculation and investing. Traders can attempt to profit from correctly anticipating how events unfold.
Information aggregation. The market price aggregates the opinions and information of all participants, often offering a real-time “probability consensus” of what might happen.
Bottom line
Prediction markets have expanded rapidly, and traders now have more choices than ever — from multi-asset brokers to dedicated exchanges built solely for forecasting real-world outcomes. Some offer broad market selection, others emphasize low, transparent fees or deep toolsets for active traders.
The right place to trade event contracts ultimately depends on what you value most — market variety, cost or usability. As the industry continues to grow and more brokers enter the space, expect even greater competition, better tools and more ways to trade on real-world events.
Matt Miczulski is an investments editor and market analyst at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on Yahoo Finance, CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
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