Last verified: June 2026.

PredictIt Fees, Limits & Welcome Bonus 2026

Is PredictIt legal?

Yes, but through a narrow and contested path. PredictIt launched in 2014 under CFTC no-action Letter 14-130, run by New Zealand’s Victoria University of Wellington for academic research. In August 2022 the CFTC withdrew that relief and ordered a wind-down; PredictIt’s backers sued, and in Clarke v. CFTC the Fifth Circuit reversed and a preliminary injunction kept the market alive. In July 2025 the CFTC issued Letter 25-20, transferring operations to a U.S. non-profit, the Prediction Market Research Consortium, Inc. (PMRC), removing the old 5,000-traders-per-contract cap and updating the investment-limit framework. So PredictIt is legal for U.S. persons 18+, but it operates under staff no-action relief, not a full exchange license — a meaningful distinction from Kalshi. User funds are held in segregated accounts via a CFTC-approved clearing arrangement, and deposits carry a 30-day hold as an anti-money-laundering measure.

Is there a PredictIt promo code or bonus?

No. As a not-for-profit research market, PredictIt has never offered a welcome bonus or promo code. Anyone advertising a “PredictIt bonus code” is not describing a real offer.

How to use PredictIt

1. Sign up at PredictIt and complete identity verification (U.S. persons, 18+).
2. Deposit funds (subject to the 30-day hold before withdrawal).
3. Pick a political market — e.g., a Senate confirmation or election outcome.
4. Buy Yes or No shares priced 1¢–99¢; a correct share pays $1.00 at resolution.
5. Trade or hold — you can sell before resolution, subject to the per-contract limit.

What you can trade

PredictIt is politics-only: presidential and congressional races, party nominations, control of the House and Senate, confirmations, and similar policy events. Its prices are widely cited as a sentiment gauge, though its limits make it a tool better suited to researchers and political enthusiasts than high-volume traders. Contracts are binary — for example, “Will the Senate confirm Nominee X by July 31, 2026?” — and resolve to $1.00 for the correct side.

How PredictIt compares

• vs Kalshi — Kalshi is a fully CFTC-regulated exchange with no position limits, lower fees and far broader markets; PredictIt is politics-only, capped and higher-fee, but with a long track record and niche election markets.
• vs Polymarket — Polymarket offers deeper political liquidity and lower costs (USDC); PredictIt is dollar-based and U.S.-only.
• vs the sportsbook apps — DraftKings, FanDuel and Robinhood event markets are sports- and finance-led; PredictIt doesn’t do sports at all.

Who operates PredictIt?

Since July 2025, PredictIt has been operated by the Prediction Market Research Consortium, Inc. (PMRC), a U.S. not-for-profit that took over from Victoria University of Wellington. Its long-time technology and operations partner, Aristotle, separately received CFTC approval to run a commercial prediction market and is expected to launch a broader platform (reported as an “Aristotle Exchange”), which could reshape PredictIt’s role over time. PredictIt itself remains a research-oriented, not-for-profit market.

Customer support

PredictIt provides email-based customer support and a help/FAQ center covering deposits, withdrawals, market rules and verification. As with other prediction markets, there is no published customer-service phone line.

App and platform ratings

PredictIt is primarily a web platform with mobile apps; star ratings and review counts move over time — confirm the current figures at publish time.

PredictIt FAQs

Is PredictIt legal in the US?

Yes, for U.S. persons 18+, under CFTC no-action relief (Letter 25-20) rather than a full exchange license. Its legal footing is narrower and more contested than Kalshi’s.

Is PredictIt safe?

User funds are held in segregated accounts via a CFTC-approved clearing arrangement, and the platform uses strict KYC and a 30-day deposit hold. As with any trading platform, you can still lose money on positions.

Is there a promo code or bonus?

No. PredictIt is a not-for-profit research market and offers no welcome bonus or promo code.

What are PredictIt’s fees?

10% on net profits and 5% on withdrawals — noticeably higher than newer exchanges.

What is the position limit?

Up to $3,500 per contract under the 2025 amended relief, raised from the original $850; the old 5,000-traders-per-contract cap was removed.

Can I bet on sports on PredictIt?

No. PredictIt is politics-only — elections, nominations and policy events.

Who runs PredictIt now?

The non-profit Prediction Market Research Consortium (PMRC), which took over from Victoria University of Wellington in 2025; Aristotle is its operations partner.

How do payouts work?

Contracts are binary, priced 1¢–99¢; the correct side pays $1.00 at resolution. You can also sell before a market closes.

Why is there a 30-day hold on deposits?

It’s an anti-money-laundering measure; funds you deposit can’t be withdrawn until the hold period passes.

PredictIt vs Kalshi — which should I use?

For broad markets, no limits and lower fees, Kalshi; for a long-running, politics-focused research market, PredictIt — bearing in mind its caps, higher fees and no-action legal status.

Trading event contracts carries risk of loss. 18+. Trade responsibly; the 988 Suicide & Crisis Lifeline offers 24/7 support.

The post PredictIt Review 2026: Is It Legal? Fees, Limits & Political Markets appeared first on American Bet.

Last verified: June 2026.

FanDuel Predicts Promo Code & Welcome Bonus 2026

Is FanDuel Predicts legal, and where?

FanDuel Predicts launched on December 22, 2025 in five states — Alabama, Alaska, South Carolina, North Dakota and South Dakota — with a phased national rollout through 2026. The contracts are traded through CME Group, a CFTC-regulated derivatives exchange, so the product sits under federal commodities regulation rather than state sportsbook licensing. Financial and cultural markets are the core offering everywhere it operates. Sports contracts are offered only in states where online sports betting is not yet legal, and never on tribal lands — and FanDuel says it will stop offering sports contracts in any state once that state legalizes online sports betting. FanDuel opted for a slower, state-by-state expansion than DraftKings and Fanatics, which launched broadly (including California, Texas and Florida). Availability is 18+; check the app for what’s live in your state.

Is there a FanDuel Predicts promo code?

FanDuel Predicts is a new, separate product from the FanDuel Sportsbook, and it does not run a fixed promo code. Any launch promotions vary by state and over time — check the app for the current offer, and don’t assume a Sportsbook bonus applies here.

How to use FanDuel Predicts

1. Download the FanDuel Predicts app (separate from the Sportsbook) from the App Store or Google Play; create an account, 18+.
2. Verify your identity. KYC requires a government ID, Social Security number and banking details.
3. Choose a market — financial (e.g., S&P 500, Nasdaq-100, oil/gas), cultural, or sports where available.
4. Buy Yes or No at a price from $0.01 to $0.99 (the implied probability); a correct contract settles at $1.00.
5. Set guardrails. Deposit limits, alerts and self-exclusion are built in, with mental-health support via Kindbridge Behavioral Health.

What you can trade (with examples)

The financial menu is the headline: contracts on global benchmarks such as the S&P 500 and Nasdaq-100, the price of oil and gas, and key economic indicators — “Will the S&P 500 close above X today?” or “What will the Fed do at its next meeting?” Cultural markets cover the day’s big stories, and sports contracts (baseball, basketball, football, hockey) appear in eligible non-sports-betting states. Contracts are simple yes/no positions priced between a penny and 99 cents.

How FanDuel Predicts compares

• vs DraftKings Predictions — both use CME at launch and target no-sportsbook states, but DraftKings rolled out far faster (38 states, incl. CA/TX/FL) while FanDuel is expanding gradually.
• vs Kalshi / Polymarket — the pure-play exchanges have broader, more mature markets; FanDuel’s advantage is its massive existing customer base and brand.
• vs FanDuel Sportsbook — a different product: federally regulated event contracts (18+) rather than state-licensed betting (21+), available in different states, and with sports markets that disappear once a state legalizes betting.

Who owns FanDuel Predicts?

FanDuel Predicts is operated by FanDuel, the North American online-gaming leader and part of Flutter Entertainment (NYSE: FLUT; LSE: FLTR), in partnership with CME Group (Nasdaq: CME) as the exchange. The initiative is led by James Cooper, FanDuel’s SVP of Flywheel and New Ventures; CME’s President and CFO Lynne Fitzpatrick has framed the deal as bringing prediction markets to FanDuel’s millions of registered users. Analysts have estimated the FanDuel–CME venture could generate significant exchange revenue if it scales like the Kalshi–Robinhood partnership.

Customer support

Support runs through the FanDuel Predicts app and FanDuel’s established help center and support channels, with responsible-gaming tools built in (deposit limits, alerts, self-exclusion) and mental-health services provided through Kindbridge Behavioral Health.

App ratings

FanDuel Predicts is a separate app listing from the FanDuel Sportsbook on the Apple App Store and Google Play. Star ratings move daily — confirm the current rating and review count at publish time.

FanDuel Predicts FAQs

Is FanDuel Predicts legal?

Yes — contracts trade through CME Group under CFTC regulation, making it a federally regulated event-contract product rather than a state-licensed sportsbook.

What states is FanDuel Predicts available in?

It launched in Alabama, Alaska, South Carolina, North Dakota and South Dakota on December 22, 2025, with a phased national rollout through 2026. Check the app for current availability.

Is there a FanDuel Predicts promo code?

No fixed code. It’s a separate product from the Sportsbook, and any launch offers vary — check the app.

Can I trade sports on FanDuel Predicts?

Only in states where online sports betting isn’t yet legal, and never on tribal lands. FanDuel removes sports contracts from a state once that state legalizes online betting.

How is it different from FanDuel Sportsbook?

It’s a CFTC-regulated event-contract app (18+) on a separate platform, available in different states, versus the state-licensed Sportsbook (21+).

What can I trade besides sports?

Financial benchmarks (S&P 500, Nasdaq-100, oil and gas), economic indicators, and cultural events.

How old do you have to be?

18+, as a federally regulated event-contract product.

Who is the exchange behind FanDuel Predicts?

CME Group, the world’s largest derivatives marketplace and a CFTC-regulated exchange.

How do contracts settle?

You buy Yes or No at $0.01–$0.99 (the implied probability); a correct contract settles at $1.00 when the event resolves.

Does FanDuel Predicts have responsible-gaming tools?

Yes — deposit limits, deposit alerts and self-exclusion, with mental-health support via Kindbridge Behavioral Health.

Trading event contracts carries risk of loss. 18+. Use the app’s deposit limits and self-exclusion tools; the 988 Suicide & Crisis Lifeline offers 24/7 support.

The post FanDuel Predicts Bonus Code, Review 2026: Event Markets, States & How It Works appeared first on American Bet.

Last verified: June 2026.

DraftKings Predictions Promo Code & Welcome Bonus 2026

Is DraftKings Predictions legal, and where?

Yes, under federal law. The platform operates under CFTC oversight through a DraftKings subsidiary registered as an Introducing Broker and National Futures Association member, with contracts routed through CFTC-regulated exchanges — CME Group at launch, and increasingly DraftKings’ own Railbird Exchange, a designated contract market it acquired in October 2025 (Railbird filed its first sports contracts in May 2026). Because it’s federally regulated rather than state-licensed, DraftKings Predictions reaches 38 states — broader than the ~30 where the DraftKings Sportsbook operates — including sports markets in California, Florida, Georgia and Texas, which have no legal sportsbooks. It is not available in Pennsylvania, among others, and faces the same tribal and state-law challenges as the rest of the sector. Customer funds are held by Wedbush Securities, not DraftKings directly.

Is there a DraftKings Predictions promo code?

DraftKings Predictions doesn’t use a fixed promo code, and its new-user offers have varied since launch — they’re separate from DraftKings Sportsbook promotions. Check the app for the current offer rather than relying on a code, and don’t assume a sportsbook bonus carries over.

How to use it

1. Download the DraftKings Predictions app (separate from the Sportsbook app) or use the website; create an account, 18+.
2. Fund your account (custodied by Wedbush Securities).
3. Pick a market — sports or finance — and buy Yes or No at a price between $0.00 and $1.00 (the implied probability).
4. Hold or trade out as the price moves; correct contracts settle automatically at $1.00.

What you can trade (with examples)

At launch the menu centers on sports and finance, expanding into entertainment and culture. Sports contracts take the familiar binary form — for example, “Will the Yankees beat the Mets?” or “Will Patrick Mahomes throw over/under 267.5 yards?” — and in May 2026 DraftKings added sports-contract combos (its version of parlays). DraftKings leans on relationships with ESPN and NBCUniversal for real-time content. Annualized trading volume reached roughly $2.3 billion by spring 2026.

How DraftKings Predictions compares

• vs Kalshi / Polymarket — DraftKings brings a huge existing sports audience and brand, but early reviewers found the product less innovative than the pure-play exchanges; that may change as Railbird lets it list its own markets.
• vs Robinhood — both are app front-ends to CFTC exchanges; Robinhood is cheaper and simpler, DraftKings is more sports-first and reaches more no-sportsbook states.
• vs DraftKings Sportsbook — different product entirely: peer-to-peer event contracts under federal regulation, available in more states and at 18+, versus state-licensed betting at 21+.

Who owns DraftKings Predictions?

It’s a product of DraftKings Inc. (Nasdaq: DKNG), the Boston-based operator co-founded and led by CEO Jason Robins, who has called prediction markets the thing he’s “most bullish” about for the company’s future. DraftKings left the American Gaming Association in November 2025 as the trade group criticized prediction markets, and it has invested directly in the infrastructure by acquiring Railbird Technologies and its CFTC-licensed exchange.

Customer support

Support runs through the DraftKings Predictions app and DraftKings’ help center, with in-app live chat and email-based help; DraftKings’ established support operation backs the product. As with peers, there’s no dedicated prediction-markets phone line published.

App ratings

The DraftKings Predictions app is a separate listing from the DraftKings Sportsbook on the Apple App Store and Google Play. Star ratings move daily — confirm the current rating and review count at publish time.

DraftKings Predictions FAQs

Is DraftKings Predictions legal?

Yes, under federal CFTC oversight, through a registered DraftKings subsidiary and CFTC-regulated exchanges (CME and DraftKings’ own Railbird).

What states is it available in?

38 states, with sports markets in 17 of them — including California, Florida, Georgia and Texas, which have no legal online sportsbooks. It’s not offered in Pennsylvania, among others.

Is there a promo code?

No fixed code. New-user offers have varied since launch and are separate from DraftKings Sportsbook promos — check the app for the current deal.

How is it different from DraftKings Sportsbook?

It’s a CFTC-regulated event-contract exchange (peer-to-peer, 18+, available in more states), not a state-licensed sportsbook (21+). They’re separate apps and accounts.

Who holds my money?

Customer funds are custodied by Wedbush Securities, a registered broker-dealer, rather than by DraftKings directly.

How old do you have to be?

18+, as a federally regulated event-contract product.

Can I trade sports in California, Texas, Florida or Georgia?

Yes — those are among the states where DraftKings Predictions offers sports contracts despite the absence of legal sportsbooks. Availability can change with litigation, so confirm in-app.

What is Railbird?

Railbird Exchange is the CFTC-licensed designated contract market DraftKings acquired in October 2025, letting it list its own event contracts rather than relying solely on third-party exchanges.

How do contracts settle?

Prices run $0.00–$1.00 and reflect implied probability; at resolution a correct position settles to $1.00 automatically, based on a predefined source.

Are winnings taxed?

Event-contract gains are generally taxable. Consult a tax professional about reporting in your situation.

Trading event contracts carries risk of loss. 18+. Trade responsibly; the 988 Suicide & Crisis Lifeline offers 24/7 support.

The post DraftKings Predictions Review 2026: Promo Code, States & How It Works appeared first on American Bet.

Last verified: June 2026.

Polymarket Promo Code & Welcome Bonus 2026

Is Polymarket legal in the US, and where can you use it?

Yes — with caveats. Polymarket was forced out of the U.S. in 2022 when the CFTC fined it $1.4 million for running an unregistered derivatives venue and ordered it to block American users. Its route back was to buy a license: in July 2025 it acquired QCEX (also called QCX), a CFTC-licensed exchange and clearinghouse, for about $112 million — the same regulatory structure rival Kalshi uses. In December 2025 the CFTC issued a no-action letter clearing QCX, and CEO Shayne Coplan announced the “green light to go live in the USA.”

The U.S. platform relaunched on December 2, 2025 as an invite-only sports app; the waitlist was dropped in May 2026, opening the iOS app to U.S. users nationwide, with Android and web still rolling out. The U.S. exchange (QCX LLC) is a separate entity from the international platform, with its own markets, liquidity and fees. Because it is a CFTC-regulated venue rather than a state-licensed sportsbook, it treats itself as available nationwide to anyone 18+ — but, as with Kalshi, sports event contracts sit inside an unresolved federal-versus-state legal fight, so specific markets may be limited in some states. Check the app for what’s live where you are.

Is there a Polymarket promo code or welcome bonus?

No. Unlike a sportsbook, Polymarket has historically offered no welcome bonus and no promo code — you simply fund your account in USDC and start trading. There is nothing to enter at sign-up. If the U.S. platform introduces launch promotions, we’ll list them here; for now, treat any site claiming a “Polymarket bonus code” with caution.

How to use Polymarket (US)

1. Download the iOS app and create an account; complete identity verification (18+).
2. Fund in USDC. Deposit the USDC stablecoin (the U.S. app provides on-ramps); balances are held and settled in USDC.
3. Pick a market. Browse Sports, Politics, Economics, Crypto, Culture and Geopolitics.
4. Buy Yes or No shares. Prices run 1¢–99¢ and equal the implied probability; winning shares resolve to $1.00.
5. Hold or sell. Exit any time the market is liquid, or hold to resolution.

What you can trade (with examples)

Polymarket is known for the breadth and speed of its markets, especially politics and breaking news, and for deep liquidity on marquee global events. It has leaned into its forecasting reputation — statistician Nate Silver joined as an advisor — and has added features like a roughly 4% annualized yield on certain long-dated political contracts (including 2028 U.S. presidential markets). Typical categories include election and policy outcomes, Fed and economic data, sports results, crypto price thresholds, and awards or pop-culture events. Prices move constantly with trader sentiment.

How Polymarket compares

• vs Kalshi — Both are now CFTC-regulated. Kalshi is dollar-funded and has been continuously available to U.S. users; Polymarket is USDC-funded, crypto-native, and only just returned to the U.S. Polymarket often shows deeper liquidity on big global/political events.
• vs Robinhood / DraftKings / FanDuel event markets — those route trades through partner exchanges inside mainstream apps and are easier for total beginners; Polymarket offers a far wider, faster-moving market menu but expects comfort with crypto funding.
• vs PredictIt — PredictIt is politics-only with low caps; Polymarket is a full multi-category exchange.

Who owns Polymarket?

Polymarket is operated by Blockratize Inc. (the U.S. business runs as QCX LLC; the international platform via a Panama-incorporated entity). It was founded in 2020 by Shayne Coplan, an NYU dropout who became one of the youngest self-made billionaires on the back of the company; he remains CEO and its largest individual shareholder. Backers include Peter Thiel’s Founders Fund, Ethereum co-founder Vitalik Buterin, and 1789 Capital. In October 2025, Intercontinental Exchange (ICE) — the owner of the New York Stock Exchange — invested $2 billion, and a March 2026 follow-on pushed Polymarket’s valuation to roughly $15 billion, on about $2.8 billion raised in total.

Customer support

Support is handled through the in-app and web help center and email-based support, backed by an unusually active community on Discord and X (the platform has integrated with X and the Grok assistant). As with most prediction-market apps, there is no published customer-service phone line. For account, funding or market-resolution questions, the help center is the fastest route.

App ratings

The Polymarket US iOS app is live on the Apple App Store, with Android and web following. Star ratings move daily — confirm the current rating and review count at publish time.

Polymarket FAQs

Is Polymarket legal in the US now?

Yes, through its CFTC-regulated QCX exchange. It relaunched to U.S. users in December 2025 and opened the iOS app nationwide in May 2026. Sports contracts remain part of an unresolved federal-versus-state legal debate, so some markets may be limited by state.

Is there a Polymarket promo code?

No. Polymarket does not use promo codes or offer a traditional welcome bonus — you fund in USDC and trade. Be wary of sites advertising a “Polymarket bonus code.”

Do you need crypto to use Polymarket?

Balances are denominated in USDC, a dollar-pegged stablecoin. The U.S. app provides on-ramps so you can fund without already holding crypto, but settlement is in USDC.

How old do you have to be?

18+, because Polymarket US is regulated as a financial exchange rather than a sportsbook.

Is Polymarket the same as it was during the 2024 election?

The U.S. platform is a separate, regulated entity (QCX LLC) from the international site Americans used to access. They have different markets, liquidity and fees and are not connected.

Is Polymarket available on Android?

At launch the U.S. product was iOS-first; Android and web access were still rolling out as of mid-2026. Check the app store for current availability.

Polymarket vs Kalshi — which is better?

Kalshi is dollar-funded and has been continuously live in the U.S.; Polymarket is USDC-funded and only just returned, often with deeper liquidity on big political and global events. Many traders use both.

How does Polymarket make money?

Through trading and related fees on its exchange, not by taking the opposite side of your trade.

Can you withdraw winnings from Polymarket?

Yes. Settled USDC can be withdrawn from the cashier once identity verification is complete; withdrawal options depend on your funding method.

Who owns Polymarket?

Founder and CEO Shayne Coplan is the largest individual shareholder; major investors include ICE (NYSE’s parent), Founders Fund and 1789 Capital. The valuation reached roughly $15 billion in 2026.

Trading event contracts carries risk of loss. 18+. Manage your activity responsibly; if trading stops being fun, the 988 Suicide & Crisis Lifeline offers 24/7 support.

The post Polymarket Review 2026: US Relaunch, Promo Code & How It Works appeared first on American Bet.

Last verified: June 2026.

Robinhood Prediction Markets Promo Code & Bonus 2026

Is Robinhood Prediction Markets legal, and where?

Yes, under federal law. The product is run by Robinhood Derivatives, LLC, a CFTC-registered futures commission merchant, and the contracts are listed and cleared through Kalshi, a CFTC-designated contract market. Event contracts are available to traders 18+ in all 50 states. The exception is sports contracts, which are not offered in Maryland, New Jersey or Nevada, and which sit inside the same unresolved federal-versus-state legal fight as the rest of the sector — Robinhood has been named alongside Kalshi in suits from California tribes and the Wisconsin DOJ, and a federal judge declined Robinhood’s pre-emptive bid to block Massachusetts enforcement. Check the app for what’s live where you are.

Is there a Robinhood prediction markets promo code?

No prediction-markets-specific promo code or welcome bonus. Robinhood’s familiar new-user incentive — a free or “reward” stock for funding a brokerage account — sits at the account level, not the prediction hub. Any current value and terms should be confirmed in the app; treat third-party “Robinhood prediction code” claims with caution.

How to use it

1. Open the Robinhood app (or sign up); prediction markets live inside the same app as stocks and crypto — no separate account.
2. Open the Prediction Markets Hub and pick an event.
3. Buy Yes or No at a price between 1¢ and 99¢ (the implied probability). A correct contract settles at $1.00.
4. Sell any time the market is open to lock in a profit or cut a loss.

What you can trade (and what it costs)

Markets span sports (e.g., “Will the Lakers win the series?”), the Federal Reserve’s next rate decision, economic data and politics. The standout is cost: Robinhood charges a flat $0.02 per contract ($0.01 to Robinhood, $0.01 to the exchange), far below the 5–10% margin baked into typical sportsbook odds. The trade-off is a deliberately stripped-down interface — no order book, no visible spread — so you can’t optimize execution. Volume is enormous: Robinhood reported roughly 2.6 billion event contracts traded in December 2025.

How Robinhood compares

• vs Kalshi — Robinhood currently routes to Kalshi’s exchange, so the underlying markets overlap; Robinhood wins on simplicity and a familiar app, Kalshi on market depth and tools.
• vs DraftKings Predictions / Fanatics — all are app front-ends to CFTC exchanges; Robinhood’s edge is its existing investing user base and rock-bottom fees.
• vs Polymarket — Polymarket is crypto/USDC-funded with deeper political liquidity; Robinhood is dollar-funded and far simpler.

Who owns Robinhood?

Robinhood Prediction Markets is part of Robinhood Markets, Inc. (Nasdaq: HOOD), the publicly traded brokerage co-founded and led by CEO Vlad Tenev. Event contracts have become a major business line — contributing to a doubling of quarterly revenue in late 2025 — and Robinhood is reducing its reliance on Kalshi by acquiring its own exchange: a joint venture with trading firm Susquehanna to take 90% of the MIAX Derivatives Exchange (MIAXdx), with its own listing and clearing expected to come online in 2026.

Customer support

Robinhood offers 24/7 customer support through the app (in-app live chat and a request-a-call feature that schedules a callback) plus a searchable help center at robinhood.com/support. Prediction-market questions route through the same support system as the rest of the app.

App ratings

The Robinhood app is on the Apple App Store and Google Play. Star ratings move daily — confirm the current rating and review count at publish time.

Robinhood Prediction Markets FAQs

Is Robinhood Prediction Markets legit?

Yes. It’s operated by Robinhood Derivatives, LLC (CFTC-registered) with contracts listed and cleared through Kalshi, a CFTC-regulated exchange.

Is it legal in my state?

Event contracts are available 18+ in all 50 states. Sports contracts are not offered in Maryland, New Jersey or Nevada, and some states are contesting the product in court.

Is there a promo code or bonus?

There’s no prediction-markets-specific bonus. Robinhood’s general new-user free/reward-stock offer applies to the brokerage account — confirm current terms in the app.

How much does Robinhood charge per contract?

A flat $0.02 per contract ($0.01 to Robinhood and $0.01 to the exchange), well below typical sportsbook margins.

Do I need a separate account?

No. Prediction markets live inside the existing Robinhood app alongside stocks, options and crypto.

How old do you have to be?

18+, because these are CFTC-regulated event contracts rather than sportsbook bets.

Robinhood vs Kalshi — what’s the difference?

Robinhood currently routes orders to Kalshi’s exchange, so the markets overlap. Robinhood is simpler and cheaper to use; Kalshi offers more depth and trading tools.

Can I see the spread or use limit orders?

No. Robinhood’s interface hides the order book and spread and fills your order against the exchange behind the scenes — simple, but you can’t optimize execution.

How do payouts work?

A correct contract settles at $1.00 and an incorrect one at $0.00; you can also sell before settlement while the market is open.

Are winnings taxed?

Yes — Robinhood includes 1099 tax reporting for event-contract activity. Consult a tax professional about your situation.

Trading event contracts carries risk of loss. 18+. Trade responsibly; the 988 Suicide & Crisis Lifeline offers 24/7 support.

The post Robinhood Prediction Markets Review 2026: Promo Code, Fees & How It Works appeared first on American Bet.

Last verified: June 2026.

Kalshi Promo Code & Welcome Bonus 2026

Is Kalshi legal, and where can you use it?

Kalshi operates under federal law rather than state gambling licenses. Because the CFTC claims “exclusive jurisdiction” over event contracts traded on a regulated exchange, Kalshi takes the position that it can offer markets nationwide to anyone 18 or older — a notable contrast with the 21+ minimum at licensed sportsbooks. In practice, its non-sports markets (politics, economics, weather, culture) are broadly available across all 50 states.

Its sports contracts are where the picture gets complicated. Several states have challenged them as unlicensed gambling, and the courts have split:

• Federal wins for Kalshi: The Third Circuit affirmed an injunction (April 6, 2026) barring New Jersey from enforcing its gambling laws against Kalshi’s sports contracts, and a federal court in Tennessee sided with Kalshi on preemption in February 2026.
• State wins / restrictions: A Massachusetts state court ruled in January 2026 that Kalshi’s sports contracts are subject to state gaming law and barred in-state sports trading, and a Nevada court issued a restraining order against Kalshi’s sports, entertainment and election contracts in March 2026.
• Still unresolved: The U.S. government and the CFTC filed suits in April 2026 (Illinois, Connecticut, Arizona) defending federal jurisdiction, and the CFTC has opened rulemaking on what counts as “gaming.” The question may ultimately reach the Supreme Court.

The takeaway: Kalshi’s availability can change state by state on short notice, especially for sports. Check the app for what’s live in your location before you fund an account.

The Kalshi welcome offer in detail

Kalshi’s new-user incentive is modest by sportsbook standards and honest about it: trade $10 in contracts and receive $10 in bonus funds. Different affiliates surface slightly different versions of the same mechanic (you’ll see “$20, get $20” through some partners), but the structure is identical — a small, activity-gated credit rather than a large deposit match. The more meaningful upside is the referral program (up to $1,000) and the Volume Incentive Program, which pays active traders a share of a reward pool based on their share of eligible trading volume.

How to use Kalshi

1. Sign up. Register with email, Google or Apple on the app (iOS/Android) or web, and complete identity verification. You must be 18+.
2. Deposit. Fund via debit/credit card, bank transfer (ACH), or cryptocurrency. You can set a personalized funding cap during or after onboarding.
3. Find a market. Browse by category — Sports, Politics, Economics, Climate, Culture — or use the “Ideas” tab to suggest markets you’d like listed.
4. Trade a contract. Pick Yes or No; the price is the implied probability. Buy in, and either hold to resolution (settles at $1.00 or $0.00) or sell your position early if the price moves.
5. Manage risk. Use funding caps, cool-offs and voluntary opt-outs in the Responsible Trading hub.

What you can actually trade (with live examples)

Kalshi lists thousands of contracts. The scale is real: roughly $39.7 billion changed hands on the platform in the year to February 2026, and about 87% of that volume was on sports. A few representative markets as of mid-June 2026:

• Sports — MLB champion: Los Angeles was the favorite to repeat as baseball champion, trading around a 29% implied probability on June 15, 2026. Because each team has its own Yes/No contract, the prices across the field don’t sum to exactly 100%.
• Politics & economics: contracts on Fed rate decisions, CPI prints, election outcomes and confirmation votes — the category that built Kalshi’s reputation.
• Climate & culture: temperature and weather thresholds, awards shows, box-office and other pop-culture outcomes.

Prices reflect live trader sentiment and move constantly.

How Kalshi compares to other prediction markets

• vs Polymarket — Polymarket is crypto-settled and its main exchange is offshore (it has acquired a smaller CFTC-approved venue for U.S. access). Polymarket often has deeper liquidity on big global events; Kalshi is the cleaner regulated on-ramp for U.S. dollars.
• vs Robinhood / DraftKings / FanDuel event markets — these route trades through partner exchanges inside apps users already have. They’re more beginner-friendly but offer a narrower market menu than Kalshi’s full exchange.
• vs PredictIt — PredictIt is politics-only, operates under a long-standing no-action posture with low position caps, and isn’t a general-purpose exchange.

Who owns Kalshi?

Kalshi was co-founded by Tarek Mansour (CEO) and Luana Lopes Lara, both MIT graduates with backgrounds in quantitative finance. It remains a private, venture-backed company headquartered at 594 Broadway, New York. Kalshi has raised roughly $2.8 billion across 11 rounds — most recently a $200 million Series F in May 2026 — and was valued at about $22 billion as of April 2026, with a headcount near 515.

Customer support

Support runs through the in-app and web chat (an AI assistant handles the first line, with U.S.-based human agents behind it) and by email at support@kalshi.com; both feed the same queue, and Kalshi says chat is faster. There is a searchable help center at help.kalshi.com, plus dedicated legal@kalshi.com and media@kalshi.com inboxes. There is no published phone line or stated office hours. For responsible-trading help, Kalshi partners with Birches Health (BirchesHealth.com/Kalshi) and signposts the 988 crisis line.

App ratings

Kalshi’s mobile apps are available on the Apple App Store and Google Play. Star ratings move daily; confirm the current rating and review count at publish time.

Kalshi FAQs

Is Kalshi legit?

Yes. Kalshi is a real, CFTC-regulated Designated Contract Market — the first federally regulated prediction market exchange in the U.S. Funds and contracts are governed under the Commodity Exchange Act rather than state gambling rules.

Is Kalshi legal in my state?

Kalshi treats itself as legal nationwide for 18+ under federal jurisdiction, and most non-sports markets are widely available. Sports contracts are contested and have been restricted in some states (for example Nevada and Massachusetts) while courts elsewhere have sided with Kalshi. Check the app for what’s live where you are.

Do you have to be 21 to use Kalshi?

No — the minimum age is 18, because Kalshi is regulated as a financial exchange rather than as a sportsbook.

Can you actually win and withdraw money on Kalshi?

Yes. Contracts settle at $1.00 if your side is correct and $0.00 if not, and you can sell positions before resolution. Realized cash can be withdrawn; bonus funds themselves are not withdrawable, but profits earned from them are.

How does Kalshi make money?

Primarily through trading fees charged on a per-transaction basis, rather than by taking the other side of your trade.

Is Kalshi available in Nevada?

As of mid-2026, Kalshi’s sports/event contracts were restricted in Nevada following a state court order, and several review sites listed it as unavailable there. Status can change — verify in-app.

Kalshi vs Polymarket — what’s the difference?

Kalshi is a U.S.-regulated, cash-funded exchange (18+); Polymarket is crypto-settled with its main exchange offshore. Polymarket can offer deeper liquidity on some global events; Kalshi is the more straightforward regulated option for U.S. dollars.

What’s the minimum deposit on Kalshi?

Kalshi does not require a large minimum; you can fund a small amount, and the welcome bonus unlocks after $10 of trading. Confirm the current minimum in-app.

How do I withdraw from Kalshi?

Withdrawals go back to a linked bank account or original funding method from the cashier. Identity verification must be complete, and only settled cash (not bonus principal) is withdrawable.

Is Kalshi taxed?

Trading profits are generally taxable, and as a regulated exchange Kalshi may report gains on tax forms. This isn’t tax advice — consult a professional about your situation.

Trading event contracts carries risk of loss. 18+. Use Kalshi’s funding caps, cool-offs and voluntary opt-outs. Support is available via Birches Health (BirchesHealth.com/Kalshi) and the 988 Suicide & Crisis Lifeline.

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