PredictIt is a prediction market operated by Washington DC-based Aristotle International Inc. While other prediction markets offer sports, cultural, tech, and global options, PredictIt exclusively offers political markets.
After registering, you can purchase yes-or-no contracts on various political events in the United States and beyond. It’s an excellent option for state-level political predictions, as well as nationwide elections and political events.
Though it has been around for over a decade, PredictIt only got the green light to relaunch in the United States in September 2025, following compliance issues identified by the Commodity Futures Trading Commission (CFTC).
Contacts:
Website: https://www.predictit.org/
Beginner Guide to Political Betting at PredictIt
Prediction markets are different from sports betting sites. You trade yes/no contracts on specific future events. At PredictIt, you can make predictions and buy contracts on over 100 political events and occurrences.
Each contract is priced between $0.01 and $0.99, and the more probable something is to happen, the more expensive the contract is. If you buy and hold your contract and your prediction comes true, you’ll receive $1.00 per contract held.
However, if your prediction is wide of the mark, you’ll lose your initial investment. Let’s look at a real-world political prediction market to show you how it works in practice:
Which party will win the 2028 US presidential election?
- Democratic = Yes ($0.54), No ($0.46)
- Republican = Yes ($0.49), No ($0.52)
If you think the Democratic Party will win the 2028 US presidential election, you could buy 100 contracts at $0.54 each, for a total price of $54.00.
If Gavin Newsom wins the nomination and beats the Republican candidate at the polls to become the next US president, you would receive $100 ($1.00 for each contract), securing a profit of $46.00.
While a buy-and-hold strategy can work well, it’s not the only way to profit from prediction market contracts.
Given that so much changes during election season, you can capitalise on controversies, polls, and public opinion. In the months leading up to the election, for instance, the Republican campaign could be hit by high-profile controversies, pushing the Democratic ‘yes’ contract to $0.65.
You could then sell your 100 contracts for $65.00, resulting in a profit of $11.00, rather than waiting to see what happens on election day.
You must also consider PredictIt’s fees when calculating your potential returns. If you sell a share for more than you paid or receive a $1 profit when your prediction comes true, PredictIt will charge a 10% fee on your total profit. You will also be charged a 5% fee for every withdrawal.
Is PredictIt Legal?
PredictIt has been legally accessible to US residents and citizens since September 2025. Though it was initially created as an academic market in 2014, it was shut down for three years in 2022, following compliance issues identified by the CFTC.
Its clearance to operate in 2025 came about due to several operational changes, including PredictIt’s transfer to the Prediction Market Research Consortium and Aristotle International Inc.’s role as the company’s market servicer.
Regulatory and compliance issues have affected several US prediction markets, including Polymarket, in recent times. The New York-based cryptocurrency market relaunched in the United States in July 2025, following a three-year investigation by the CFTC.
How to Get Started at PredictIt
Signing up at PredictIt is straightforward. Follow these steps to get your account up and running:
- Agree to the terms: You must be 18 or older to trade at PredictIt. Check and agree to the site’s terms and conditions before starting the registration process.
- Register: Complete the simple registration form by providing your email and creating a password. Alternatively, use your Facebook or X account to register at PredictIt.
- Add your personal details: You’ll then need to submit your personal information, including your name, address, and date of birth. PredictIt will use this information to confirm your identity and verify your account.
- Deposit: Use a Visa, Mastercard, or Discover card to fund your PredictIt account. All deposits are processed instantly and without fees, but you must add at least $10.
- Choose a market: Browse the 100+ political prediction markets at PredictIt and decide which contracts to buy.
- Buy contracts: Check the prices, read the rules, and purchase yes or no contracts. You must also decide how many contracts to buy at this stage.
A note on withdrawals: If you wish to cash out by selling a contract, all withdrawals are subject to a 30-day holding period, and a 5% fee will be charged.
Key PredictIt Political Markets & Events 2026-2028
You can only make political predictions at PredictIt. If you want to access a broader scope of markets, including sports, culture, finance, and global options, head to Kalshi or Polymarket.
Most of the political markets offered at PredictIt are US-based, but you’ll also find a handful of global options, covering politics in the UK and other countries.
Here’s an overview of some of the most popular prediction markets at PredictIt:
- 2028 US presidential election winner (JD Vance, Gavin Newsom, others)
- Chilean presidential election winner (Jose Antonio Kast, Jeannette Jara)
- 2026 Alaska gubernatorial winner (Mary Peltola, Bernadette Wilson, others)
- 2026 Wisconsin Democratic gubernatorial nomination (David Crowley, Mandela Barnes, others)
- 2026 South Carolina Republican gubernatorial nomination (Pamela Evette, Alan Wilson, others)
Bonuses & Welcome Offers at PredictIt
PredictIt doesn’t offer any type of bonus to new customers or any ongoing rewards to traders. If you’re keen on rewards and incentives, sign up for Kalshi or Polymarket, which both offer ongoing rewards programs.
Also, if you live in a state where online sports betting is legal, you can access a welcome bonus and free bets that you might be able to use for political betting markets.
Comparison to Other Apps
PredictIt’s main competitors are Kalshi and Polymarket. However, PredictIt’s exclusive focus on politics makes it less appealing than these broader prediction markets, where you can make predictions on sports, culture, finance, and global events.
One of the main drawbacks of choosing PredictIt over Kalshi and Polymarket is the fees the platform charges. Kalshi and Polymarket are known for their low-fee trading platforms, whereas PredictIt’s 10% fee on profits and 5% withdrawal fee make it less competitive.
Additionally, PredictIt executes trades in USD only and doesn’t support users of cryptocurrencies. If you don’t want to use fiat currencies, opt for Polymarket, where trades are completed in USDC, or Crypto.com, where you can buy contracts with various coins.
Predict It 2026 FAQs
Is PredictIt legal in the United States?
PredictIt was cleared by the CFTC to relaunch its platform in the United States in September 2025.
Can I use crypto at PredictIt?
No. PredictIt uses USD, and you can only add funds to your account via Visa, Mastercard, or Discover. Sign up at Polymarket or Crypto.com for crypto-based prediction markets.
Which prediction markets does PredictIt offer?
PredictIt offers over 100 political prediction markets. You won’t find sports, cultural, or tech markets here. Kalshi and Polymarket offer a broader range of markets.
Does PredictIt offer a referral or rewards program?
No, there isn’t a rewards or referral program at PredictIt.
How does PredictIt work?
PredictIt is a prediction market. You can buy yes and no contracts on political events. If your prediction happens, you will receive a payout of $1.00 per contract that you own.
AGamble.com’s Opinion
While PredictIt offers over 100 political prediction markets, its high fees and lack of a rewards program make it a less appealing option than Kalshi and Polymarket.
Equally, its recent legal issues with the CFTC have tarnished its reputation, making Kalshi a more attractive option to most prediction market traders.
