PredictIt alternatives
PredictIt alternatives in United States
Is PredictIt legal in United States?
Quick answer
PredictIt accepts some United States signups but with caveats, KYC may not accept all local ID documents, and funding rails are limited to bank transfers in supported currencies.
Available alternatives in United States
| Platform | Status | Notes |
|---|---|---|
| Polymarket Largest crypto-settled prediction market by volume; USDC on Polygon. | Restricted | Reachable via VPN, Polymarket ToS gray zone. |
| Kalshi CFTC-regulated US exchange; USD settlement, KYC required. | Available | CFTC-regulated US exchange. Native US dollar settlement and full KYC, the clean choice for US residents. |
| Manifold Play-money prediction market, no real cash, free to use globally. | Available | — |
| Smarkets UK-licensed betting exchange with political and event markets. | Blocked | UK-licensed; not served in the US. |
| Limitless Newer on-chain prediction market on Base; lower fees, smaller volume. | Available | — |
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Regulatory context
The CFTC regulates US derivatives markets and event contracts. Its 2024 settlement with Polymarket sets the framework under which the platform may offer certain markets to US persons, with category-level restrictions evolving over time.
Official source: cftc.govOther platforms in United States
Common questions
01Is PredictIt legal in United States?
Is PredictIt legal in United States?
PredictIt accepts some United States signups but with caveats, KYC may not accept all local ID documents, and funding rails are limited to bank transfers in supported currencies.
02What's the best PredictIt alternative in United States?
What's the best PredictIt alternative in United States?
Kalshi, CFTC-regulated US exchange; USD settlement, KYC required. It works natively from United States and is the cleanest fallback when PredictIt isn't an option.
03Why is PredictIt so small?
Why is PredictIt so small?
It runs under an academic exception, not a full exchange license. Per-market position caps (~$850 USD) and a narrow US-politics catalog limit volume. The CFTC has repeatedly proposed pulling the no-action letter.
04Is PredictIt being shut down?
Is PredictIt being shut down?
The CFTC has indicated it intends to wind down PredictIt, but ongoing litigation has paused enforcement. The platform continues to operate for now; new traders should weigh that uncertainty.
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