Beta

    Last updated: April 2026

    Sports Prediction Markets

    Where serious sports fans trade, not just bet

    Over $34 million in sports prediction markets trade every day across NBA, World Cup, golf, and more. Unlike sportsbooks, you can sell your position anytime — locking in profit before the game even ends.

    Live Sports Volume

    🏀

    NBA

    ~$17M/day (est., as of Mar. 2026)

    ⚽

    World Cup

    ~$6.6M/day (est., as of Mar. 2026)

    🏌️

    Golf

    ~$3.3M/day (est., as of Mar. 2026)

    🏈

    NFL

    ~$4.2M/day (est., as of Mar. 2026)

    Off-season

    ⚾

    MLB

    ~$1.8M/day (est., as of Mar. 2026)

    🎯

    Other

    ~$1.1M/day (est., as of Mar. 2026)

    Off-season

    Volume estimates based on Kalshi and Polymarket public data. Active seasons shown with green border. Off-season markets may still have futures trading.

    Where to Trade Sports Prediction Markets

    The US sports prediction market landscape is split across three major exchange ecosystems. Here's who powers what.

    PlatformExchangeFee
    KalshiOwn DCM+DCO≤1.75¢/contract (formula-based)
    RobinhoodKalshi-powered$0.01 Robinhood commission + $0.01 Kalshi exchange fee = $0.02 total per contract per side
    CoinbaseKalshi-poweredKalshi rates
    WebullKalshi-powered$0 commission on sports; exchange fees apply. Total ~$0.02/contract
    PrizePicksKalshi-poweredVaries
    FanDuel PredictsCME Group2% of payout
    DraftKingsCME Group$0.01/contract/side + exchange fees (~$0.02+ round-trip)
    Fanatics MarketsCrypto.com CDNAVaries
    Underdog PredictCrypto.com CDNAVaries
    OG PredictionsCrypto.com CDNAVaries
    Sleeper MarketsKalshi-powered~$0.02/contract
    Polymarket USOwn (QCX LLC)0.75% peak taker fee for sports (probability-based; near-zero for heavy favorites)
    NovigSweepstakes (DCM pending)No trading fees

    As of April 2026. Availability and fees subject to change. Check each platform for current terms.

    Fee quick guide: Kalshi's fee varies by odds (max 1.75¢ at 50/50, near-zero for longshots). Robinhood/Coinbase/Webull charge a flat $0.02/contract ($0.01 RH + $0.01 Kalshi) via Kalshi. DraftKings charges ~$0.01/contract/side + exchange fees (~$0.02+ round-trip) via CME. FanDuel takes 2% of your potential payout. Polymarket US charges a probability-based taker fee (sports: up to 0.75% at 50¢ at 50/50, near-zero for heavy favorites). CDNA-powered apps (Fanatics, Underdog, OG) vary by partner.

    How Sports Prediction Markets Differ from Sportsbooks

    If you've used DraftKings Sportsbook or FanDuel Sportsbook, prediction markets will feel familiar but work differently. Instead of fixed odds set by a house, you trade contracts on an exchange against other users. There is no bookmaker taking the other side — every buyer is matched with a seller.

    Concrete Example

    If the Celtics are trading at 22¢ on Kalshi, the market gives them a 22% chance of winning the NBA title. On a sportsbook, the equivalent would be roughly +355 moneyline. But here's the difference: if the Celtics win their first playoff series and the price moves to 35¢, you can sell for a 59% profit immediately — no need to wait for the Finals.

    FeaturePrediction MarketsSportsbooks
    PricingMarket-set (0–100¢)House-set odds
    Exit early?Yes, sell anytimeCash out (limited)
    Vig / JuiceNone (market spread)4–10% built into odds
    Max payout$1 per contractVaries (limits common)
    RegulationCFTC (federal)State gaming commissions
    Short selling?Yes (buy “No”)No

    The bottom line: prediction markets turn sports opinions into tradeable financial positions. You're not placing a bet with a house — you're trading a contract on an exchange. This means better price transparency, no vig, and the ability to manage your risk actively.

    Which Platforms Offer Sports Markets?

    Kalshi

    US Legal
    Min: $1 · ≤1.75¢/contract (formula-based)
    NBANFLGolfNCAAWorld Cup

    Largest US-regulated exchange. Broadest sports coverage.

    Sporttrade

    US Legal
    Min: $0.10 · 2% commission on net winning bets; no vig built into odds
    NFLNBAMLBNHLGolf

    Sports-only exchange (state-licensed, 5 states). Lowest minimum trade size. No vig in odds — 2% commission on net profit only.

    Polymarket US

    US Legal
    Min: $1 · Sports 0.75% peak; Crypto 1.80% peak; Politics/Finance/Tech 1.00%; most fee-free at extremes
    NBAWorld CupNCAAGolf

    Sports-only in US, invite-only / waitlist. Deepest global liquidity. CFTC DCM via QCX LLC.

    DraftKings Predictions

    US Legal
    Min: $1 · $0.01/contract/side + exchange fees (~$0.02+ round-trip)
    NFLNBAMLBGolf

    CME Group-powered. 38 states, sports in states without legal betting. Acquired Railbird Exchange (Oct 2025) for own exchange infrastructure.

    FanDuel Predicts

    US Legal
    Min: $1 · 2% of potential payout at checkout
    NFLNBASelect events

    CME Group-powered. Targets states without legal sports betting. Standalone mobile app (separate from FanDuel Sportsbook).

    Robinhood

    US Legal
    Min: $1 · $0.02/contract ($0.01 RH + $0.01 Kalshi)
    NBANFLGolfNCAA

    Kalshi-powered. Familiar brokerage app. All states except MD; sports restricted in NJ and NV.

    Coinbase

    US Legal
    Min: $1 · Via Kalshi
    NBANFLSelect events

    Kalshi-powered. Available in most states (Nevada excluded). Acquired The Clearing Company (Dec 2025, DCO application pending).

    Webull

    US Legal
    Min: $1 · Via Kalshi
    NBANFLSelect events

    Kalshi-powered. Most states (sports subject to same restrictions as Kalshi). Also offers S&P, BTC, ETH Hourlies.

    PrizePicks

    US Legal
    Min: $1 · Via Kalshi
    NBANFLMLBSelect events

    Kalshi-powered. 35 states + DC for sports (Team Picks). DFS operator adding prediction markets.

    Fanatics Markets

    US Legal
    Min: $1 · Via CDNA
    NBANFLMLBSelect events

    Crypto.com CDNA-powered. 24 states (incl. CA, TX, FL, GA). Phase 2 adds crypto, stocks, culture in 2026.

    Underdog

    US Legal
    Min: $1 · Via CDNA
    NBANFLMLB

    Crypto.com CDNA-powered. 33 states + DC. NFA approved as FCM January 2026.

    OG Predictions

    US Legal
    Min: $1 · Via CDNA
    NBANFLSelect events

    Crypto.com CDNA standalone prediction market app. Broad category coverage.

    Sleeper Markets

    US Legal
    Min: $1 · ~$0.02/contract (via Kalshi)
    NBANFLMLBSelect events

    Kalshi-powered. Nationwide via Kalshi (Nevada blocked under preliminary injunction); launched Feb 6, 2026. Integrated into Sleeper fantasy app — 10M+ existing users. NFA-approved FCM.

    Novig

    US Legal
    Min: $1 · No-vig exchange
    NBANFLMLBSelect events

    Sweepstakes-model sports prediction market (CFTC DCM application pending). No-vig pricing, no trading fees.

    Three Infrastructure Ecosystems Power US Sports Prediction Markets

    Kalshi ecosystem: Kalshi (CFTC DCM, most states) powers Robinhood, Coinbase, and PrizePicks, among others. Broadest category coverage.

    CME Group ecosystem: CME Group powers DraftKings Predictions and FanDuel Predicts. Both target states without legal sports betting.

    Crypto.com CDNA ecosystem: Crypto.com Derivatives North America (CFTC DCM) powers Fanatics Markets (24 states) and others including Underdog Predict (33 states + DC) and OG Predictions.

    Independent: Polymarket US (sports-only, invite-only), Novig (sports-only, sweepstakes model, DCM pending), Sporttrade (state-licensed, 5 states).

    Spotlight: Sporttrade

    Sporttrade is a sports-only exchange currently operating under state gaming licenses (5 states) while its CFTC DCM application remains pending. Unlike Kalshi (CFTC DCM, 50-state federal reach, covering politics/economics/weather too) or DraftKings Predictions (CME-powered event contracts), Sporttrade trades on state-level infrastructure today and would only become a full federal DCM if the CFTC approves its application. Minimum trade is just 10¢, making it the most accessible entry point for sports fans who want to try the exchange model without committing serious capital.

    Available in select US states. Check Sporttrade for current availability.

    How to Start Trading Sports Markets

    1

    Choose a Platform

    For US sports fans, Kalshi, Robinhood, and Sporttrade are the easiest starting points — all accept USD bank deposits and require no crypto. DraftKings, FanDuel, Fanatics, and Underdog also offer prediction markets if you already have accounts.

    2

    Read the Contract Terms

    Every contract has specific settlement rules. “Celtics Win NBA Championship” settles based on the final result. Read the fine print — especially for conditional markets like “Will X player win MVP?” where the criteria may surprise you.

    3

    Start Small, Learn the Mechanics

    Buy a few contracts at $1–$5 to learn how the order book works. Practice selling before settlement to understand how exiting a position works. Most sports bettors underestimate the value of the “sell anytime” feature.

    4

    Compare Prices Across Platforms

    Different platforms often have different prices for the same outcome. If Kalshi has the Celtics at 22¢ and Polymarket has them at 24¢, that 2¢ spread tells you something about market disagreement — and may represent an opportunity.

    All Sports-Capable Platforms

    Every platform where you can trade sports prediction markets.

    K
    Kalshi

    CFTC DCM + DCO

    Fees:≤1.75¢/contract (formula-based)
    Available in US
    P
    Polymarket

    CFTC DCM (via QCX LLC)

    Fees:Sports 0.75% peak; Crypto 1.80% peak; Politics/Finance/Tech 1.00%; most fee-free at extremes
    Available in US
    R
    Robinhood

    CFTC FCM + Rothera DCM pending

    Fees:$0.02/contract ($0.01 RH + $0.01 Kalshi)
    Check platform
    F
    FanDuel Predicts

    CFTC via CME Group

    Fees:2% of potential payout at checkout
    Available in 18 states
    D
    DraftKings

    CFTC IB via CME DCM

    Fees:$0.01/contract/side + exchange fees (~$0.02+ round-trip)
    Available in 38 states
    C
    Crypto.com

    CDNA DCM + DCO

    Fees:$0.02/contract ($1 markets), $0.20/contract ($10 markets); tech fee waived on wins
    Available in US
    W
    Webull

    Via Kalshi (CFTC DCM)

    Available in US
    C
    Coinbase

    Via Kalshi (CFTC DCM)

    Available in US
    N
    Novig

    CFTC DCM pending

    Available in US
    U
    Underdog

    CFTC FCM + DCM/DCO

    Fees:$0.02 per contract (flat fee, built into entry price)
    Available in US
    P
    PrizePicks

    CFTC FCM

    Available in US
    S
    Sporttrade

    State licenses; DCM pending

    Available in 5 states
    O
    OG Predictions

    Via CDNA (CFTC DCM)

    Fees:$0.02/contract (open + close)
    Check platform
    S
    Sleeper Markets

    FCM via Kalshi (CFTC DCM)

    Fees:~$0.02/contract total
    Check platform

    Frequently Asked Questions

    Are sports prediction markets legal in the US?
    Yes. Multiple CFTC-regulated platforms offer legal sports event contracts. Kalshi (most states) powers sports markets on Robinhood, Coinbase, and PrizePicks, among others. CME Group powers DraftKings Predictions and FanDuel Predicts. Crypto.com CDNA powers Fanatics Markets, Underdog Predict, and OG Predictions. Polymarket US offers sports markets (invite-only) via QCX LLC. Novig and Sporttrade are independent sports-focused platforms. These are classified as event contracts under federal derivatives regulation, not traditional sports bets under state gambling laws.
    How are sports prediction markets different from sportsbooks?
    Prediction markets let you buy and sell contracts that pay $1 if an outcome happens and $0 if it doesn't. Prices represent implied probability (65 cents = 65% chance). Unlike sportsbooks, you can exit your position at any time before the event settles, locking in profit or cutting losses. There is no vig or juice — you trade at market prices set by other traders.
    What sports can I trade on Kalshi?
    Kalshi offers event contracts on NBA outcomes (game winners, series winners, MVP awards), NFL markets (Super Bowl, playoff outcomes), NCAA tournament markets, golf majors (Masters, PGA Championship), and select international events like the FIFA World Cup. Available markets change throughout the season.
    Is this like DraftKings or FanDuel?
    Not exactly. DraftKings and FanDuel offer both traditional sportsbook betting and prediction market contracts. Their prediction market products (DraftKings Predictions, FanDuel Predicts) route through CME Group and work similarly to Kalshi — binary contracts that pay $1 or $0. However, their sportsbook products use fixed odds and you cannot sell your bet early. Prediction markets are exchange-based, meaning you trade against other users. Similarly, Fanatics Markets and Underdog Predict route through Crypto.com CDNA.

    Related Resources

    How Prediction Markets Work →Compare All Platforms →Settlement Guide →

    Sources & Methodology

    Daily volume estimates from Kalshi and Polymarket public orderbook data, cross-referenced with competitive intelligence reports ($34M+ aggregate). Market prices are snapshots as of April 2026 and change constantly. Platform feature comparisons based on official documentation and first-party testing. This page does not constitute financial or gambling advice.