An Overview of Polymarket
Polymarket is an exchange site where traders can purchase contracts based on real outcomes. There are always two options for these contracts, either Yes or No. You can make predictions across a whole range of topics like sports, crypto, world events, tech, and more. Some exchange sites have a lot of options, whereas Polymarket does seem to have less choice. This is partly because it was banned in the US until quite recently, but more and more topics are being added each month.
Polymarket is also a crypto prediction market which means that you can use cryptocurrencies to trade contracts. Sports predictions are often the most popular, which is no surprise given there are 13 different sports available to trade at Polymarket. This site also displays the prices of contracts in a way that’s similar to how a betting site might display odds, making it easier for traders to understand. So as you can see there are some positives to Polymarket, but the limited options could have you looking for alternative sites.
How Prediction Markets Work
Prediction markets are exchange platforms where you can trade on the outcomes of real world events. With these sites you can buy and sell contracts which are tied to specific questions. The questions will vary depending on the area that you’re making the contract in. The questions could be:
- Will Bitcoin reach $100,000 by the end of the year?
- Will Manchester City win the Premier League?
Each contract only has two possible outcomes which are either Yes or No. If you think the event will happen then you choose Yes, and if you think it won’t, then you choose No.
How Contract Pricing Works
The price for a prediction will range from $0.01 to $0.99, which reflects how likely other users believe the outcome to be. So the higher the price, the higher the probability that the outcome will be true (according to other users). The prices will change consistently depending on how other users are making predictions. It’s entirely up to you whether you choose to trade the Yes or No contract, the prices are simply there to guide you. The price of the contract will then determine the payout that you receive if you predict the correct outcome.
Top Apps Like Polymarket
If you’re looking to try out a new app that’s similar to Polymarket but offers some different features, here are our recommendations. You can use any of these platforms to make trades on contracts for a variety of topics, but some do focus on specific areas.
| Alternative sites |
Sign up offer |
Key prediction areas |
| Kalshi |
Trade $10, get a $10 bonus |
Sports, economics, tech, culture, crypto, climate, financials, science |
| Crypto.com |
$20 bonus |
Crypto |
| OG |
Up to $100 in bonuses |
Sports, financials, economics, climate |
| Robinhood |
Bonus stock up to $200 |
Sports, politics, economics and cultural events |
| Underdog |
N/A |
Sports and economics |
Kalshi: Great for Beginner Traders
Kalshi: Pros & Cons
- Fully CFTC-regulated exchange
- Diverse markets including sports, politics, and economics
- Supports PayPal, Venmo, and Crypto deposits
- Highly rated mobile app for iOS and Android
- Trading fees apply to both makers and takers
- Bank withdrawals can take several business days
Kalshi is our first site like Polymarket where you can make predictions based on Yes or No outcomes of specific events. It’s a fairly popular site, mostly because it’s got a very broad range of areas available for trades. We’d say it has a larger variety than Polymarket does, so it’s a great option for anyone who likes to trade on more niche topics.
No matter where you’re based in the US, you can sign up to Kalshi. If you enjoy the social features that come along with trading, then you’ll likely enjoy the rolling chat that this platform has too. You can also pick up a sign up offer too, simply trade $10 and receive a $10 bonus credit.
Crypto.com: Pros & Cons
- Competition-based promotions
- iOS & Android apps
- Minimalist website design
- Beginner-friendly
There is plenty of variety to be found at Crypto.com which you guessed it, is a crypto-focused platform. One highlight of Crypto.com is their fantastic mobile app. Using this allows you to make your trades on the go, with just a few taps. We enjoyed the app when we tried it out and it tends to get very consistent positive ratings, indicating that other traders enjoy it too.
Despite it being a crypto-focused platform, you can also use other payment options if you’d prefer. You can even grab a $20 bonus to kick start your trades when you sign up through our links.
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.
OG: A New Prediction Market
OG: Pros and Cons
- Secure and regulated by the CFTC
- No user limiting on trades
- Wide range of market categories
- Great National Championship offer
- Sports contracts are restricted in some states
We think it’s good to include both new and more established sites in our recommendations. OG is a newer platform, and it’s quickly gaining traction with traders. Although there isn’t a downloadable mobile app, OG has been fully optimized for mobile use so you can load it up in any browser.
OG also has a few different ways of rewarding new users with up to $100 in bonuses up for grabs. You can pick up these bonuses by completing a number of tasks after signing up. This includes verifying your email address and phone number, completing the KYC verification process, making your first deposit and placing your first trade.
Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a OG ) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations.
Robinhood: Now Offering Prediction Markets
Robinhood: Pros and Cons
- Fully regulated via CFTC oversight
- Integrated into the main Robinhood app
- 4 billion+ contracts traded in under a year
- Sports markets are blocked in Maryland, New Jersey, and Nevada
Robinhood is a well established app that’s used for trading crypto, stocks and such. However, the platform has recently expanded into the world of
prediction market sites, hence why it’s made this list. Some examples of predictions you can make include major sports leagues, politics, economics and cultural events.
The topics within these areas can vary hugely, anything from “How many weeks will Taylor Swift stay at #1?” to “What team will win the English Premier League?.” You can pick up a welcome bonus too which will be a mystery stock worth anywhere between $5 and $200. All you need to do is sign up and make an initial qualifying trade– simple!
Underdog: A Sports Focused Prediction Market
Underdog: Pros and Cons
- Available in 31 states
- Wide range of prediction markets
- Awesome mobile app
- Quality customer support
At Underdog you can make predictions across two major topics: sports and economics. So if you’re looking to purchase trades in these areas, then this could be the platform for you. You could trade event contracts in major leagues like the NFL, MLB, NHL and NBA. When it comes to economic predictions, this site focuses on business and trade-related contracts.
The one area that Underdog is lacking is with promotional offers for users. However, this could be an area where the site improves over time. The app is very easy to use and even has multiple options for the colour scheme, so you can adjust according to your preferences.
Trading derivatives involves risk and may not be appropriate for all. For more information visit:
and
. For Crypto.com Predictions, the term "pick" refers to a product traded on CDNA.
Which Site Like Polymarket Should You Choose?
Now that we’ve talked a little bit about our recommended Polymarket sister sites, let’s discuss how they compare to each other. Four out of five of our alternative platforms offer some form of welcome bonus. For the most part, this includes a bonus credit after making an initial trade.
Kalshi probably has the most variety of any site like Polymarket, with a huge range of topics available to trade contracts on. So if this is important to you, then Kalshi may be your best choice. If you enjoy trading contracts in sports, we’d recommend Underdog or OG as they both focus on this.
Crypto.com is an obvious choice for trading on crypto-based contracts, although Kalshi also offers this. Other things to consider are the available payment methods for making deposits. If you have a strong preference over one, then it’s worth checking to see which sites offer this before making a decision.
Pros and Cons Sites Like Polymarket
Choosing your Polymarket alternative site is an important decision with a lot to consider. Here are some advantages and disadvantages to help you choose.
Pros and Cons
- Trade contracts across a variety of areas
- Mobile trading available
- Promotional offers for new and existing traders
- Limited availability in some regions
Final Thoughts on Apps Like Polymarket
When considering alternatives to Polymarket, there isn’t a perfect site that’s going to work for everyone. However, we’d recommend checking out Robinhood, Underdog, OG, Crypto.com, and Kalshi as a good place to start. If a variety of areas is your top priority, then Kalshi would be a great platform to sign up to. If you prefer crypto-focused trading, then Crypto.com could be for you with its strong mobile app. For sports fans, we’d suggest checking out OG and Underdog, they’re also great options for users looking for a more streamlined approach.
You’ll find all the details of our sites like Polymarket, along with links to sign up, in our page banners.
Discover the Sports Prediction Bonuses We Recommend
Sites Like Polymarket FAQs
🤔 What Are the Best Apps Like Polymarket?
There’s no straightforward answer to the ‘best’ platforms that are similar to Polymarket, but there are many that offer similar features. Our top five prediction markets if you’re looking to make a change from Polymarket would be OG, Underdog, Crypto.com, Kalshi, and Robinhood.
📈 What Contracts Can I Trade at Sites Like Polymarket?
You can trade a variety of contracts at our recommended alternative sites, however, it will depend which site you choose. Kalshi is a great all rounder offering pretty much every topic you can think of. OG and Underdog tend to be sports focused, so great for traders who enjoy trading contracts on a range of sports. Crypto.com focuses on crypto and Robinhood is new in prediction markets, so has a smaller range of topics available.
💰 Can I Use Cryptocurrency at Apps Like Polymarket?
Yes, many prediction markets allow you to use cryptocurrency to make deposits and withdrawals. Some sites like Crypto.com focus primarily on cryptocurrencies and therefore, have a variety of options available. If you’d prefer to use crypto for your transactions, then be sure to check what options are available at your chosen prediction market.
🎁 Can I Collect Welcome Offers at Sites Like Polymarket?
Yes, many prediction markets will have offers available for new users as an incentive. This may include offering a bonus credit after making an initial trade, or offering bonuses for completing certain tasks like verifying your account or making a deposit.
For guidance on responsible trading and risk awareness, the following free official resources are available:
To make sure you get accurate and helpful information, this guide has been edited by
Mac Douglass
as part of our fact-checking process.
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