The long-running, politics-only prediction market. Its legal status was settled in 2025, and 2025 rule changes lifted its old trading caps — but fees are high and liquidity is thinner than the big exchanges.
PredictIt is the specialist’s home for political markets. It has run since 2014, and after years of legal uncertainty its dispute with the CFTC was resolved in July 2025, so it operates on settled footing. If US elections, primaries and policy are your focus, its depth and its community are hard to beat.
Political junkies and forecasters who want the richest election and policy markets — and don’t mind paying for them.
This is where PredictIt costs you: it charges 10% on your net profits and 5% on withdrawals, which is steep next to the big exchanges. Liquidity is thinner, it’s politics-only, and there’s a 30-day hold before you can withdraw an initial deposit. The upside is that 2025 rule changes raised the per-contract cap to $3,500 and removed the old cap on traders per market, which has helped liquidity.
PredictIt operates for US residents under a CFTC no-action framework tied to an academic-research purpose, updated in 2025 — a different footing from a fully licensed exchange like Kalshi. Check our legality tracker and its own terms.
Figures current as of July 2026 and subject to change. Scores reflect our editorial methodology, weighted for US traders. Not financial or betting advice; 18+.