Polymarket vs Crypto.com - Which Prediction Market Site is Better?

Polymarket Vs Crypto.com - A Head-To-Head on the Core Features

If you have used prediction sites before, you would know that all trades are generally in binary form with Yes or No contracts. These future event prediction contracts cover a broad range of real-world events, including sports, climate, crypto and pop culture outcomes.

Since prediction sites do not set their own prices, it is important to remember that the price of every future event prediction contract is determined by the number of trades made by other individuals on the outcome of a specific event.

Now that we have shared a refresher on prediction markets, let’s unpack the core features of Polymarket and Crypto.com, including insights into regulations, availability, mobile apps, and the types of future event contracts for prediction trading.

Regulations and Availability

When we compiled our Polymarket review, we shared that there have been significant changes in recent times. Currently, while Polymarket is regulated by the Commodity Futures Trading Commission (CFTC) and operates as a Designated Contract Market (DCM), you can only use the platform in the US via the iOS app (more on that later). Since Polymarket is a CFTC-regulated prediction exchange, it is available federally in most US states.

Prediction trading on Crypto.com is facilitated through Crypto.com Derivatives North America (CDNA), which is also a CFTC-regulated DCM. At the time of writing, prediction trading on Crypto.com is available in 40+ US states, but there are some restrictions.

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. 

Currently, Arizona and New York residents are prohibited from trading on any markets, while residents of Illinois, New Jersey, Massachusetts, Maryland, Michigan, Ohio, and Nevada are not allowed to buy or sell sports prediction contracts.

Mobile Prediction Trading

As we shared, using Polymarket in the US for prediction trading is only via the iOS app. While there are plans to introduce an Android app as well, for now, all prediction trading is with the iOS app, which you can download from the Apple App Store.

Over on Crypto.com, besides buying and selling future event prediction contracts with the desktop website, there are also excellent mobile prediction trading platforms to use. In addition to the mobile-optimized website, there are two dedicated Crypto.com apps, which you can download from the Google Play Store and the Apple App Store.

Both the Android and iOS apps mirror each other and include the same features, so you can contact the support team, make deposits and trade prediction contracts for various future events.

Types of Future Event Prediction Options

The Polymarket iOS app primarily focuses on future event sports predictions. You can buy and sell sports prediction contracts for all major US sports, including football, soccer and basketball. As covered in our Polymarket review, more future event prediction markets are in the pipeline, including those for political, economic, and pop culture outcomes.

There is more variety with the Crypto.com prediction markets, and you can trade prediction positions for sports, climate, culture, politics, crypto and economic outcomes. Depending on the type of prediction contracts you trade, there should be high market volumes and liquidity.

Two important things to remember about the prediction trading experience on Crypto.com: the future event prediction contracts are available in English, and there are also exchange and technology fees.

Crypto.com Vs Polymarket - Final Comparison

For one final comparison between Crypto.com and Polymarket, have a look at the table below, which recaps the core features of each prediction site:

Pros and Cons: Crypto.com Vs Polymarket

CFTC-regulated DCMs

• Excellent mobile apps
• High market liquidity

• Not available in some states

Verdict - Polymarket and Crypto.com Are Both Solid Options for Prediction Traders

That is it for this guide, and as you can tell, Polymarket and Crypto.com are solid options for prediction traders. However, since there are several restrictions on Polymarket, it is not a fair comparison when pitting the platform against Crypto.com. Once Polymarkets releases its Android app and launches more prediction future event options, we can form a better verdict.

The bottom line is that both sites are CFTC-regulated, and choosing between them comes down to user preference. Before we go: if these platforms are available in your state, you can use the relevant banners on this page to create a new account and start prediction trading.

Compare the Offers and Features at Polymarket and Crypto.com

Polymarket Vs Crypto.com FAQs

This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts  on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.

Trade Responsibly

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:

Set a Budget:

Only trade money you can afford to lose and stop when your budget is reached.

Don't Chase Losses:

Avoid increasing trade size or frequency to recover losses.

Trade with a Clear Head:

Don't trade when stressed, tired, emotional, or under the influence.

Set Time Limits:

Take breaks and avoid letting trading interfere with daily life.

Know Your Stuff:

Learn how contracts, pricing, fees, and settlement work before trading.

Use Platform Controls:

Use spending limits, account history, or self-exclusion tools where available.

For guidance on responsible trading and risk awareness, the following free official resources are available:

SEC OIEA

FINRA

To make sure you get accurate and helpful information, this guide has been edited by Jason Bevilacqua as part of our fact-checking process.