With the Academy Awards nominations around the corner, it’s primetime for betting on the Oscars, but the scene is quickly changing from sportsbook-style betting to prediction trading. So, how does prediction trading on the Oscars work exactly?
Prediction market sites like Kalshi and Crypto.com don’t allow betting on the Oscars, but they accept predictions on various Oscar categories. From Best Picture to Best Actor, you can make your picks on most prediction market sites by buying corresponding contracts ahead of the awards night. Here’s how Oscar predictions work on prediction market sites.
Prediction market sites don’t offer sportsbook-style betting on culture such as the Oscars. Instead, they operate on questions with YES or NO answers, like “Will Away (2025) win the Oscars for Best Picture?” The sum of the prices for the YES and NO shares will add up to $1, so that the contract corresponding to the correct prediction eventually trades at $1.
Newer prediction market sites now ask more open-ended questions with more options than YES or NO, often meaning lower contract prices, and of course, higher returns on getting the prediction correctly. Kalshi, for example, lets you predict who you think will win the Oscars for Best Actor from all nominated individuals, corresponding each nominee to a different share price.
Here are the steps to predict any Oscars category on a prediction market site:
Check the banners on this page to find sites featuring different categories of the award.
Sign up for any that catch your fancy and complete your account verification.
Use the appropriate category picker to navigate to the Academy Awards (Oscars) section or use the search bar.
Check out the available questions or prediction markets available on the Academy Awards (Oscars).
Select any and buy shares corresponding to your prediction for that category of the Academy Awards.
Unlike on a typical sportsbook, where each vote or selection has corresponding odds, prediction market sites don’t work that way. Instead, they use share prices that depend on the availability of a seller willing to short that trade for your preferred amount to balance the market. This novel arrangement will sound complicated to individuals coming from traditional online sports, but it’s surprisingly easy to get used to prediction market sites.
Predicting the Oscars on prediction market sites comes with some benefits and drawbacks, especially compared to a typical online sportsbook. Here are some pros and cons of betting on the event:
Since the explosive success of Polymarket and Kalshi, we’ve seen an uprising of other top prediction market sites, some of which are regulated by the CFTC. Here are the best prediction market sites for trading Oscars outcomes:
| Site | Contract prices |
| Polymarket | Up to $1 |
| Crypto.com | Up to $10 |
| Kalshi | Up to $1 |
| Robinhood | Up to $1 |
Polymarket started gaining widespread popularity around the 2020 and 2024 US General Elections for allowing predictions on the various elections. It’s also well-known for awards predictions, with many using it as an alternative to betting on the Emmys and the Oscars on a typical online sportsbook. With the Oscars still a ways away, traders can predict which actors and movies will get nominations on Polymarket.
It’s a crypto-only prediction market site, so you’ll get prompted to link your wallet after setting up your account on Polymarket. However, there’s an option to buy cryptocurrencies using credit and debit cards to fund your account directly without the added step of adding a crypto wallet. Its crypto-only model doesn’t exactly scream simplicity, but it’s indeed one of the simplest prediction market sites you can use today.
The name “Crypto.com” already implies that the site, like Polymarket, would be crypto-only. However, the CFTC-backed derivatives site surprisingly accepts both cash and crypto payment options. With Crypto.com’s prediction market launching only earlier this year, we have yet to see the full scope of its offerings. However, it currently offers predictions in the Politics, Economics, Financials, and Culture categories.
In November, Crypto.com signed a deal with Hollywood.com that could make it a major, or even exclusive, prediction-trading partner for entertainment awards like the Oscars and the Emmys. Cypto.com features two contract types by price: $1 and $10. If your position matches the eventual outcome of the event, each of your shares will be redeemable for $1 or $10, depending on which of the two contract types you purchased.
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.
Kalshi is one of the more popular prediction market sites in the United States. It accepts predictions on various topics, from the winner of the next US Presidential Election to the winner of the Best Actor award in the upcoming Oscars. The prediction market site already has many markets for the Oscars 2026, offering YES or NO contracts on potential nominations across nearly every Oscars category.
Founded in 2018, Kalshi claims to be the largest prediction market in the world, a claim often disputed, with market participants like Robinhood and Polymarket still available.
Robinhood is one of the newest prediction market sites in the United States, using a similar contract trading model as Kalshi and Polymarket. You’ll need a Robinhood Derivatives account to start trading event contracts on the site, and entertainment awards like Oscars betting are only one of the several launch categories.
During our checks, we found markets for Best Actress, Best Director, and Best Picture, among others. Each Oscar contract trades for an amount between $0 and $1. The contract eventually sells for $1 if the position matches the eventual outcome, and it dissolves to $0 if the prediction turns out to be incorrect.
If you’ve always correctly predicted outcomes of different categories of the Oscars, your reward doesn’t have to be “you were right” anymore. Prediction markets like Robinhood and Polymarket now let you trade event contracts on the Oscars, selling YES or NO contracts for Oscars predictions that you can redeem if the associated prediction matches the eventual outcome.
Many prediction market sites already feature various prediction markets for the potential Oscars 2026 category nominations, from Best Supporting Actor to Best Picture. The YES or NO shares for each of the categories sell for a fluctuating price between $0 and $1, and the final share price settles at $1 or $0, depending on the final outcome of the associated prediction.
It’s easy to get started: click any of the banners on this page to open any of our recommended prediction market sites, sign up for an account, and select any of the Oscars markets to start trading contracts on the event.
No, prediction market sites like Kalshi and Crypto.com generally don’t allow betting on the Oscars in the strictest sense. Instead, they allow you to trade event contracts that sell for a predetermined amount if your predicted position matches the final event outcome.
Some of the most popular prediction market sites in the US include Kalshi, Robinhood, Crypto.com, and Kalshi. With features like CFTC regulation and several markets on the upcoming Academy Awards, you’re better off using one of our recommendations for Oscars predictions.
Unlike traditional online sportsbooks, prediction market sites don’t use betting odds; instead, they represent the likelihood of the event occurring with share prices. For $1 shares, a $0.50 contract price theoretically means there’s a 50% probability of your prediction matching the outcome of the event.
Prediction markets involve financial risk, and outcomes are never guaranteed. In light of this, trading should always be controlled and enjoyable. Keep your activity in check by following responsible trading practices such as:
Only trade money you can afford to lose and stop when your budget is reached.
Avoid increasing trade size or frequency to recover losses.
Don't trade when stressed, tired, emotional, or under the influence.
Take breaks and avoid letting trading interfere with daily life.
Learn how contracts, pricing, fees, and settlement work before trading.
Use spending limits, account history, or self-exclusion tools where 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.
Disclaimer: All of the information on this site is for entertainment purposes only. We do NOT accept bets of any kind. The information we provide is accurate and trustworthy to help you make better decisions. When you click or tap on a link on Dimers that leads to a third-party website that we have a commercial arrangement with (such as an online sportsbook), we may earn referral fees. Dimers does not endorse or encourage illegal or irresponsible gambling in any form. Before placing any wagers with any betting site, you must check the online gambling regulations in your jurisdiction or state, as they do vary. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER.
Copyright © [yyyy] Dimers. All Rights Reserved. Proudly part of Cipher Sports Technology Group, 902A Broadway, Floors 6 & 7, New York, NY 10010, United States of America.