Best Brokers For Prediction Markets
We’ve run deep-dive tests to list the best platforms for prediction markets, allowing users to speculate on events covering finance, politics, sports, and more.
-
1
Interactive Brokers is an excellent prediction markets platform, delivering event contracts through its ForecastTrader. During testing, we were impressed with execution and risk controls on its event-based products. Contracts behave like a simplified options chain (fixed $1 payout, clear expiry), helping with sizing and outcome tracking. It’s also one of the most credible prediction markets providers as a CFTC-regulated, NASDAQ-listed brokerage.
-
2
NinjaTrader is a stellar option if you’re looking for prediction-style contracts, letting you turn economic/event forecasts into tradable opportunities via futures. In our tests, which included looking at opportunities related to CPI and FOMC announcements, the hotkeys and micro contract sizing made it a stand-out platform for active traders. It also offered flexibility to exit early with strong liquidity, as opposed to being locked into a settle-at-expiry binary.
-
3
Crypto.com is a great choice for traders wanting to deal prediction markets on an intuitive app. Regulated by the CFTC, you can place simple yes/no bets on a wide range of events, from presidential elections to movements in the S&P 500, with contracts traded like shares. It doesn’t offer some of the advanced analysis tools and features of prediction markets platforms like IBKR’s ForecastTrader, but for mobile-first retail investors, Crypto.com is a user-friendly fit.
Top Prediction Market Platforms Comparison
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 |
✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai, TWS API | ✓ | ✗ | |
 |
✓ | ✓ | $0 | 0.01 Lots | 1:50 | ✗ | NFA, CFTC | Forex, Stocks, Options, Commodities, Futures, Crypto | NinjaTrader Desktop, Web & Mobile, eSignal | USD | NinjaScript or via Automated Trading Interface | ✗ | ✗ | |
 |
✓ | ✓ | Varies by payment method | $1 | ✗ | ✗ | SEC, FCA, MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU | Crypto, Stocks, ETFs, Prediction Markets and Strike Options (US only) | Own | USD, EUR, GBP, CAD, AUD, NZD, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, SAR, HUF, BRL, KES | DCA Auto-Staking | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Brokers For Prediction Markets are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
|
✗ | ✗ | ✗ | |
|
✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers For Prediction Markets.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
|
iOS & Android | ✓ | ||
|
iOS & Android | ✗ | ||
|
iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers For Prediction Markets are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | ✓ | ✗ | ||
|
✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
|
✓ | Varies by payment method | $1 | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers For Prediction Markets are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
|
Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
|
NinjaScript or via Automated Trading Interface | ✗ | ✗ | ✗ | ✗ | 1:50 | ✓ | ✗ |
|
DCA Auto-Staking | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers For Prediction Markets.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
|
✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
|
✓ | USD: 5% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers For Prediction Markets in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
|
|||||||||
|
|||||||||
|
|||||||||
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers For Prediction Markets.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
|
✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
|
✗ | $25 | ✗ | 1.3 | Floating | |
|
✗ | $5 | ✗ | ✗ | 0.075% (spot), 0.034% (derivatives) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers For Prediction Markets are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Crypto.com |
|
| Interactive Brokers |
|
| NinjaTrader |
|
Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- Interactive Brokers was named Best US Broker for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
- IBKR provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
Cons
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity - we were overwhelmed during our initial tests by the sheer volume of tools, features and widgets.
Why Trade With NinjaTrader?
NinjaTrader consistently satisfies active futures traders with its low-cost service and high-quality analysis tools. It offers superior charting features, including hundreds of indicators and over 10 chart types.
Pros
- Low costs, with $50 trading margins and commissions starting at $.09 per micro contract.
- NinjaTrader is a well-regarded and acclaimed futures broker, approved by the NFA and CFTC.
- NinjaTrader provides detailed charting software for active traders, complete with custom technical indicators and widgets.
Cons
- Some payment methods require a withdrawal fee.
- You need to register with partner brokers to trade in securities other than forex and futures.
- The advanced trading tools require an additional fee.
Why Trade With Crypto.com?
Crypto.com is a snug fit for aspiring crypto traders who want to buy, sell and trade over 400 digital tokens. Its strike options and prediction markets spanning financial, economic, election, sport, and cultural events via its CFTC-regulated entity also make it a secure option for US traders interested in binary-style contracts on an intuitive app.
Pros
- Crypto.com has expanded beyond crypto in some regions, offering over 5000 stocks and ETFs for traders looking to build diverse portfolios and opportunities in different sectors.
- The Crypto.com Exchange platform offers sophisticated bots, including Dollar Cost Averaging (DCA), Time-Weighted Average Price (TWAP), and Grid Trading bots. These tools allow traders to automate strategies, including leveraged perpetual trades, minimizing manual effort and slippage.
- The platform supports unified portfolio tracking across cryptocurrencies, stocks, ETFs, and more recently prediction markets, all within a single interface, simplifying asset management for multi-asset traders and providing consolidated insights.
Cons
- The app's high bid-ask spreads on many coins can be costly for traders placing market orders. Wide spreads mean the price you pay when buying is noticeably higher than the price you receive when selling, cutting into profits, especially on lower-volume trades.
- Customer support primarily relies on chatbots and email, with limited reliable phone support from our testing. This can lead to delays in resolving urgent issues, such as account access or transaction problems, which can be frustrating for crypto day traders who need quick assistance.
- Withdrawal fees apply to crypto transfers and fiat withdrawals, and these can be significant for active traders making smaller transfers. The minimum withdrawal limits are also relatively high, which restricts flexibility for managing smaller portfolios or quick liquidity needs.
Filters
How We Selected The Best Prediction Markets Platforms
We specifically evaluated the prediction markets offering at numerous providers, including specialist websites like Kalshi and Polymarket, as well as established financial brokers that offer event-based contracts.
Given that this remains a relatively new product compared to the long-standing derivatives available to retail traders, we focused on a few key areas:
- Product Range: Some providers we’ve looked at offer thousands of event-based contracts, covering economic events through to political elections and celebrity announcements. We weighed the number and breadth of events with potential returns and contract terms – ‘biggest’ doesn’t always equal ‘best’.
- Trust: Given prediction markets are a fairly new product class, albeit one picking up steam, especially in the US, it’s essential to find a regulated, secure provider. While some platforms are regulated by the CFTC, not all have earned our confidence, as we also factored in the firm’s length of service and product structure when opining on their trust credentials.
- Platform: A fast and intuitive platform or app is essential for a smooth customer journey. Some firms we’ve tested offer a long list of event contracts on a website interface, others have dedicated software applications for prediction markets. What we wanted to see is that it’s straightforward to understand how contracts are structured, potential returns and losses, and that the platform didn’t freeze during use causing a frustrating user experience.
We documented our findings, which were fact checked by another brokerage expert, and then sorted prediction markets websites by their ratings.
How To Choose A Broker To Trade Prediction Markets
Traders should carefully research which broker to use before handing over any cash or personal information. Some of the most important factors to consider are:
Product Range
In our tests, we saw that the variety of prediction markets can differ greatly from broker to broker. The number of non-economic events offered by a traditional brokerage, for instance, may be far lower than those provided by sector specialists like Kalshi and Polymarket.
This isn’t the only consideration for traders. Does the broker you’re looking at, for instance, simply offer binary contracts? Or do they also offer ones structured for a variety of events or a range of outcomes, for instance?
Top broker for product range: Interactive Brokers joined the prediction markets party, setting up its ForecastTrader platform in July 2024. Its range of contracts is more limited than that of some other brokers. That said, the number of events individuals can trade is rapidly growing. So Interactive Brokers in our view demands serious attention from investors seeking the protection of a well-regulated firm and a broadening suite of event-based contracts in the finance/economic space especially.
Interactive Brokers’ ForecastTrader platform
Trustworthiness
Regulation of prediction markets can be patchy, depending on the provider you choose. Therefore it’s crucial to take steps to best avoid bad actors.
The most important thing to ascertain is that the brokerage you’re looking at is regulated by a respected watchdog. BrokerListings.com’s Regulator Ranking System – which grades the world’s major regulators from A to C – is a useful tool to find the best regulators when searching for a broker.
Top broker for trustworthiness: Crypto.com holds a license with the US’ CFTC via the North American Derivatives Exchange, or Nadex, which it acquired in 2022 and then in December 2025 it was announced Nadex’s users were being moved over to the Crypto.com app.
Trading Platform
It’s important to employ a broker that offers fast execution speeds, a customizable interface and a wide range of trading tools. Not having this can lead to missed trading opportunities and increased risk exposure.
Important things to look out for include:
- Rapid execution speeds.
- Access to real-time data (including pricing and news).
- Advanced charting tools.
- Broker liquidity.
- Risk management tools (including stop-loss and take-profit orders).
- Mobile trading capabilities.
Top broker for trading platform: Ninja Trader provides one of the best trader experiences on the market. Its platform is packed with features including extensive price and news data, sophisticated charting tools, hotkeys, and detailed depth of market (showing buy and sell orders). While not a traditional prediction markets platform, we’ve included it because its futures allow you to trade market reactions similar to the event-based contracts you see on many prediction markets sites, yet with more tools and control for experienced traders.
NinjaTrader platform
What Are Prediction Markets?
Modern traders don’t just have the option of trading financial securities. The rapid growth of prediction markets means they can now trade a multitude of other, non-economic event-based outcomes as well.
Think you know who’ll win the next US Presidential election, or the NFL Super Bowl? You can aim to make a profit off that, alongside traditional economic outcomes, like whether or not you believe the US dollar index will rise to a certain level.
Individuals need to exercise caution when trading prediction markets, however, given that regulation isn’t always as stringent as what one can expect when dealing on long-standing, tightly scrutinized financial markets.
New product providers are springing up rapidly, while traditional brokers are also muscling in to grab a slice of the action.
For example, in December 2025, derivatives exchange operator CME Group and Sports betting company FanDuel announced plans to launch prediction markets in five US states (Alabama, Alaska, South Carolina, North Dakota and South Dakota).
How Do Prediction Markets Work?
Prediction market contracts typically take an ‘all or nothing’ approach. Traders will speculate on a binary outcome, which will see them bet on whether a specific event will or won’t occur.
In terms of economic-related events, potential contracts could ask:
- “Will US consumer price inflation (CPI) exceed 3% this month?”
- “Will gold prices hit $5,000 per ounce by the end of the year?”
- “Will the Bank of England cut interest rates by 25 basis points this month?”
Traders aren’t restricted to economic developments, as I say. Certain brokers also offer contracts in other areas like politics, culture and sports, where questions may include:
- “Will Donald Trump win the 2028 Presidential election?”
- “Will Real Madrid win this season’s UEFA Champions League?”
Pro tip: The beauty of trading prediction markets is – unlike placing a bet with a bookmaker – it’s sometimes possible to exit your position before the contract’s stipulated outcome.
So how much will a trader pay to wager on such an outcome? The answer depends on the probability assigned by the market.
If a ‘yes’ contract for an event is trading at $0.55, it means the market believes there is a 55% chance of said scenario playing out.
When settled, the contract will pay out $1 if the trader makes the right prediction. If they’re wrong, it’ll settle for $0 and the holder will lose their money.
Pro tip: Though binary contracts are the most common, there are also more sophisticated options available to traders. For instance, some brokers offer:
- Range markets, an example being “What will US non-farm payrolls (NFP) have risen by last month?” (50,000 – 54,999, 55,000 – 59,999, 60,000 – 64,999 etc.).
- Multi-outcome markets, like “Which film will win the Best Picture Academy Award?”
- Indexed markets (based on official data released), such as “What will eurozone GDP growth be for the last quarter?”
A Prediction Markets Trade In Action
Let’s say I want to trade the outcome of the next UK general election. This is a highly anticipated global event, and therefore likely to attract significant liquidity and trading opportunities.
The contract is structured as a simple ‘yes’/’no’ binary outcome: “Will Labour win most House of Commons seats at the 2029 UK general election?”
If the market has put the chances of Labour securing the majority of seats at 55%, the contract will trade at $0.55. If I’m confident Labour can prevail, buy 50 contracts and my prediction is correct, I’d make a profit of $23.50 (excluding fees):
- Contract order: 50 x $0.55 = $27.50
- Total payout: 50 x $1 = $50
- My profit: $50 – $27.50 = $23.50
If Labour doesn’t win the most Commons seats, the contract would expire with zero value and I’d book a $27.50 loss.
Are Prediction Markets Regulated?
The question of whether prediction market trading is legal depends on jurisdiction, product and platform type. It’s an answer that reflects the ‘grey area’ of this fast-growing market, which sits somewhere between financial securities trading and gambling.
In the US, the Commodity Futures Trading Commission (CFTC) regulates prediction market contracts when they’re structured as derivatives products like options based upon financial securities or economic indicators. They don’t always oversee products linked to political, cultural or sporting events which sometimes fall under state gaming laws, but the regulator has been working to decide how best to deal with such non-financial events, with some activities being contested in courts.
Kalshi was among the first prediction market websites to gain status as a Designated Contract Market (DCM) in 2020. It has since been joined by firms like Interactive Brokers.
Elsewhere, some prediction markets are legal, though they may fall under gambling laws rather than financial market regulations. Given this is a fast-moving space, we recommend checking your latest local regulations before engaging with any provider.
What Are The Pros And Cons Of Trading Prediction Markets?
Trading prediction markets offer both advantages and disadvantages for traders. These include:
Pros
- As many contracts are binary in nature, traders may achieve high percentage returns. For instance, purchasing a contract at $0.05 – reflecting a 5% probability of a certain outcome – could generate a 1,900% return if it settles at $1.
- Traders have a wider range of profit-making opportunities by not focusing solely on financial markets.
- Prediction markets tend to be transparent, with prices usually open and publicly displayed.
Cons
- Many prediction markets are small, resulting in low liquidity and therefore the potential for wild price swings, slippage, and potential loss of all capital invested.
- Some market participants may have inside knowledge or superior research tools that leaves the typical trader at a huge disadvantage.
- Regulation isn’t always as tight as that usually found when trading financial markets, potentially leaving individuals with thinner safeguards.
- They are not yet scrutinised to the same degree as some other derivatives and we are concerned that these products could encourage overtrading or gambling-type behavior, so we want to see brokers introduce more features that encourage users to trade them responsibly.
Bottom Line
The prediction markets boom offers opportunities for traders to potentially make a profit. But regulation is extremely uneven, which individuals need to bear in mind when trading event outcomes and during the broker selection process.
As well as considering a brokerage’s regulatory status, contract range and trading platform, it’s also important to look at the company’s security measures, the quality of its customer service, and the total trading costs you can expect (comprising fees, charges, and bid-ask spreads).