Plus500 Prediction Markets Review for August: Is Plus500 Legit?

Like other exchanges which provide access to peer-to-peer prediction markets, Plus500 allows you to trade event contracts, such as “Will Trump Attend the World Cup Final?” To get a complete view of the site, I conducted a Plus500 review.

After making my first deposit, I didn't receive a new-traders bonus for the Plus500 Prediction Market product. My findings show that Plus500 allows US traders to participate in Kalshi's peer-to-peer prediction markets through its own interface. Features like customer support options, payment methods, and the mobile apps are among the topics I'll discuss in the sections below. Stay with me.

A Rundown on How Plus500 Works

Plus500 US offers two separate products: Futures trading and Prediction Markets. This Plus500 review focuses on the latter, which features several market categories. They include sports, crypto, culture, climate, politics, and economics prediction.

On Plus500, you can trade on real-world events, which is similar to what I discovered during my Gemini Predictions review. Each contract is structured in a yes-or-no format, making it easy to understand. If I think an event will happen, I choose Yes. Otherwise, I choose No.

Plus500 lets me choose how much money I want to trade on each position. It's different from how Meta Arena uses points and ranks instead, as you'll find in my Meta Arena review. The pricing structure also makes the product easier to comprehend.

Prediction market contracts are quoted in cents, and the prices mirror the market's view of the likelihood that an event will occur. In theory, a price like 47¢ roughly suggests a 47% implied probability, but they move with liquidity and demand, so they aren't fixed. I can also buy multiple contracts on the same position.

Unlike correct predictions that settle at $1 per contract, incorrect predictions get $0 per contract. The prediction trading cost is split into two parts. Plus500 takes a $0.01 commission on each contract traded, and Kalshi, the exchange behind the peer-to-peer prediction markets, charges a separate $0.01 exchange fee. Altogether, you'll pay $0.02 in fees per contract.

The Plus500 Prediction Market Categories You'll Find

The Plus500 prediction markets are grouped into categories, which I'll explain in this section:

Is There a New Trader Bonus for Prediction Markets at Plus500?

The answer is simply no. Plus500 doesn't hand out a special bonus to new US traders who sign up for its Prediction Markets product.

Instead, there's a deposit-based bonus which is available only for its Futures trading. For more information about ongoing promotions, please read this Plus500 promo code review.

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Plus500's Ease of Use and Intuitiveness

The first thing I noticed about Plus500's interface is that there aren't too many fancy visuals. I found it easy to move around the site to locate features without distractions. You can easily spot the two active products for US traders on the homepage: Futures and Prediction Markets.

Clicking the Prediction Markets section unveiled the different event contracts, encompassing sports, science and technology, financials, entertainment, elections, economics, and more. The main menu holds links to support, settings, and account tools. You can manage your funds and also switch to your demo account here.

Speaking of which, the Plus500 demo mirrors the live trading site, but you use virtual funds to practice instead of real money. Using the demo account briefly taught me how the interface works. I also got better at trading faster than I imagined, before switching to the live account.

There's just one thing I didn't like about Plus500. It was how often my session timed out when I moved from one section of the site to the other. It may not have made the site complicated to use, but it did interrupt the flow. It also made my experience less fluid than I expected. Using the app, however, was a different experience. No glitches whatsoever.

Download the Plus500 App for Trading Event Contracts

Similar to what I noticed during my Webull review experience, Plus500 has separate iOS and Android apps, so I didn't have to rely solely on the desktop version to access prediction markets. After downloading the Plus500 app, I found that it lets you trade the same yes-or-no event contracts available on the website, as well as the site's other products.

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Deposit and Withdrawal Methods at Plus500

Funding my Plus500 account in the US was easy because the site accepts common payment methods, including Apple Pay, Google Pay, debit cards, and bank transfers. The cashier listed a minimum deposit of $75 for Apple Pay, Google Pay, and debit cards. Bank transfers require a minimum of $200.

Plus500 doesn't accept prepaid or credit cards for deposits. When withdrawing funds, the site allows you to use bank transfer or card withdrawals. Withdrawal requests are said to be processed within 1 to 3 days. Your payment provider determines how long it takes to reach your account.

The site may not charge you deposit fees, but withdrawals attract a processing fee of 1.75% of the requested amount, with a minimum of $1 and a maximum of $150. Remember that Plus500 prediction markets attract trading fees.

Plus500 Customer Support Options

If you run into problems or want to understand how something works, Plus500 has multiple support options. My first stop was the FAQ support center, which contains information on the basics of prediction trading. The articles I found resolved most of my questions without involving support.

If you still need help, Plus500 offers live chat support. I used it during my review and chatted with a human agent named Todor. The response I got was fast. I asked about the site bonuses and got a reply almost immediately. If you prefer to put your request in writing, there's a contact form which allows you to give a full description of the problem.

You can search for Plus500 on X (Twitter), Facebook, LinkedIn, Instagram, and YouTube. On these platforms, the site sends updates, trading insights, and announcements. But it's not a replacement for customer support.

Plus500 Complies with CFTC Rules

Before signing up, I checked Plus500 to make sure it wasn't just another unregulated site offering event contracts. I did the same thing in my ADI PredictStreet review. From what I could gather, Plus500US Financial Services LLC says that it's registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM).

I also discovered that Plus500 doesn't operate its prediction markets in isolation. Instead, it appears to give traders access to Kalshi-powered event contracts through its site. Since Kalshi is regulated by the CFTC as a prediction markets exchange, I believe the partnership indicates that the contracts are traded within the US regulatory framework.

For security concerns, I had to complete identity verification before I started trading, which is a standard requirement for regulated prediction sites. Plus500 also uses SSL encryption and keeps its traders' funds in secure accounts.

Conclusion – Eligible Traders Can Trade Event Contracts at Plus500

As a prediction market site, Plus500 is easy to use. I liked how the site grouped its prediction markets into categories like sports, politics, crypto, culture, climate, and economics. It made it easy to find event contracts.

Plus500 also ticks many of the boxes I look for in prediction sites. It offers a dedicated mobile app, familiar payment methods, and live chat support.

So, if you're looking for a site to trade real-world events, consider signing up for Plus500. Once you've verified and funded your account, you can start trading event contracts. Click the banners on this page to register at Plus500.

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