Comparison note

PredictIt

U.S. persons 18+ — no-action market

Long-running U.S. political prediction market under CFTC no-action relief.

PredictIt is a U.S.-facing political prediction market that still matters for election-contract readers. It runs under CFTC staff no-action relief as a research and educational facility of the Prediction Market Research Consortium. Not a registered exchange.

Research / no-action
Cents / $0–$1
U.S. persons 18+; no-action market with per-contract caps
As of Oct 2026

Illustrative cents only — research / no-action market. Comparison listing only · how cents work

Status as of October 21, 2026. PredictIt’s terms, reviewed for this snapshot, limit participation to U.S. persons 18 or older. The market operates under CFTC staff no-action relief, not as a registered Designated Contract Market. Terms state a $3,500 per-participant, per-contract investment limit. Comparison listing only — no partner or affiliate claim.

What is PredictIt?

PredictIt is one of the oldest real-money political prediction venues available to U.S. persons. Not a Kalshi-style Designated Contract Market. Not a crypto venue.

PredictIt’s terms describe the site as an experimental research and educational facility of PMRC, not an investment market or a gambling facility, and say the operators are not registered with the CFTC. Staff no-action is a decision not to recommend an enforcement action if stated conditions are met. It is not a charter.

CFTC Letter 14-130 (2014) created the original framework for Victoria University of Wellington. Letter 25-20 (July 14, 2025) amended it and allowed transfer of operation to PMRC. Aristotle International, Inc. is named in the terms for identity verification and trade clearing/processing — a service relationship, not a partnership we claim.

Who is PredictIt for?

Readers who follow U.S. election and congressional-control contracts and need the research-market platform type on the board. If you want a registered DCM catalog, read Kalshi. If you want sports-native federal exchanges, read Underdog, Novig, or ProphetX.

How do prices work on PredictIt?

Illustrative Yes · 46¢ ($0.46)

A 46¢ Yes is a $0.46 share. Historic PredictIt convention is 1¢–99¢ with a $1 winning share before fees.
Per-contract investment limits apply. PredictIt’s terms state $3,500 per participant per contract. Confirm the live cap — we do not treat it as unchangeable.
The percent reading aid is not a forecast from this site, and PredictIt’s terms warn the market is not built as a commercial investment venue.

Learn how cents / $0–$1 shares work

What can you trade on PredictIt?

U.S. elections and nominations
House and Senate control
Other political questions PMRC chooses to list

Politics

How is PredictIt different from other prediction markets?

No-action research market — not a DCM, not a DCO, not a sportsbook vertical.
Position and investment caps are part of the framework. Kalshi-style catalogs do not carry those PredictIt limits.
2022–2023 “PredictIt is shutting down” headlines are not the 2026 status. The live question is the current letter, operator, and terms.

What are the fees?

PredictIt’s September 23, 2026 fee update made ACH deposits and ACH or check withdrawals free. Credit card deposits carry a 3% processing fee. Confirm on PredictIt.

Per-contract cap: Terms state $3,500 — confirm live
Withdrawals: 0% by ACH or check; 30-day hold after first deposit
Deposits: 3% on credit card; no fee by other methods, per terms

Getting started and getting paid

Minimum age: 18 or older, U.S. persons
www.predictit.org/terms-and-conditions · checked October 27, 2026
ID check: It may verify identity, age, and location. SSN or ITIN required once profits pass the U.S. reporting limit.
www.predictit.org/terms-and-conditions · checked October 27, 2026
Minimum deposit: $10
www.predictit.org/terms-and-conditions · checked October 27, 2026
Deposit methods: ACH (through Aeropay) and card
www.predictit.org/terms-and-conditions · checked October 27, 2026
Withdrawal methods: ACH or check. 30-day hold after your first deposit.
www.predictit.org/terms-and-conditions · checked October 27, 2026
Payout timeHow long a withdrawal takes once you request it, as PredictIt states it.: —

From PredictIt’s own pages, with the date we checked each one. — means we did not find it there, so check with PredictIt.

Compare every platform →Fees, side by side →

Are there bonuses or promotions?

None verifiedNo verified public promo

PredictIt.org and its terms describe a research and educational market under CFTC no-action relief — participation limits, fees, and an 18+ U.S.-person rule. They do not advertise a signup match or promo code. Third-party “PredictIt deposit match” pages are not PredictIt’s voice.

Terms highlights

Terms still state a per-participant, per-contract investment cap. Confirm the live figure on PredictIt.
No-action relief is not a commercial bonus shop and not a DCM charter.
We will not invent a $25 or $50 PredictIt offer to fill this row.

Eligibility / geo. Terms limit participation to U.S. persons 18 or older. That is not a promo map.

Full bonuses comparison Official source ↗nofollow · not a referral

Event-contract trading risks money you can lose. Responsible trading.

Where is PredictIt available?

Terms limit participation to U.S. persons 18 or older. This is not a finding that every political question is listable, or that no-action relief is permanent. Letter 25-20 and PredictIt’s terms keep the market inside a research / political-events frame.

18+ U.S. persons, per current terms.
No-action is not DCM registration.
Caps and contract scope can change with the letter or the terms.

PredictIt by state

PredictIt does not publish a state-by-state list on the pages we checked, so every row reads Check status.

Your state’s label counts every app we track. Open your state page →

California Texas Illinois New York All state guides

Visit operator site ↗ · nofollow · not a referral

Pros and cons

Pros

Still a real, U.S.-facing political book readers actually use
Structure is documented in CFTC letters and PredictIt’s own terms
Cents / $1 winning-share convention matches this site’s scale
Keeps the board honest — not every venue is a 2026 DCM startup

Cons

Not a registered exchange
Per-contract investment caps
Politics-first catalog — not a sports exchange
Comparison only

Common questions

Is PredictIt still operating?

Yes, as of this snapshot, at predictit.org. Operation transferred to PMRC under CFTC Letter 25-20 (July 14, 2025).

Is PredictIt CFTC-regulated like Kalshi?

No. It operates under staff no-action relief. PredictIt’s terms say it is not a CFTC-registered market.

How do prices work?

Typically 1¢–99¢ shares, $1 if you win, before fees. A 46¢ Yes is $0.46.

Do you partner with PredictIt?

No. Comparison listing only.

Prices discussed here are cents or $0–$1 shares only. Informational — not legal advice, and not a solicitation.

Also on the board

Other prediction market platforms

No side. We date the snapshot.

Sourced from public filings, operator terms, and official materials — not from a partner desk.

As of Oct 2026. View methodology