#1
Kalshi
4.8
US CFTC-regulated exchange with real-money event contracts.
politicseconomyfinanceweathersport
Independent — no pay-to-rank
Best prediction markets in Australia
Australia's Interactive Gambling Act 2001 prohibits many forms of online wagering. Some prediction markets classify as financial products under ASIC — check local rules.
- 6
- reviewed platforms
- 7
- regions covered
- 5
- languages
Live probability
CROWD-63.4%⚽Match Winner
▲63%
🎮CS2 Major
▲48%
🗳️Outcome
▼27%
Last updated: 2026-01-15
Best prediction markets
Ranked by our editors. We earn commission from some links — never from ranking.
#2
Polymarket
4.7
The largest crypto-settled prediction market by volume.
politicscryptosportgeopoliticsculture
#3
Predicta Markets
4.5
Fast-growing global market with a clean, mobile-first app.
politicssportfinancecryptogeopolitics
#4
Metaculus
4.4
Reputation-based forecasting with rigorous scoring — no money at stake.
politicstechfinancegeopoliticseconomy
#5
Manifold Markets
4.3
Play-money community markets — create a market on anything.
politicstechcultureesporteconomy
Every category, one edge
🗳️ Politics⚽ Sport🪙 Crypto🎮 Esports💹 Finance🌍 Geopolitics💻 Tech🎭 Culture📈 Economy🌦️ Weather🎨 Art🏛️ Elections
How prediction markets work
01
Prices = probabilities
A contract at 63¢ means the market thinks there's a 63% chance it happens.
02
Trade in real time
Buy YES or NO. Prices move as news breaks and the crowd updates.
03
Settle on the outcome
When the event resolves, winning contracts pay out at $1 (or the platform's equivalent).
Choose your region
Head-to-head comparison
| Platform | Rating | Markets | Fees | Regions | Payout | |
|---|---|---|---|---|---|---|
| Kalshi | 4.8 | politics, economy, finance | Taker fees vary by market; no deposit fee | 🇨🇦 🇦🇺 🇳🇿 | Bank, debit, crypto | Visit ↗ |
| Polymarket | 4.7 | politics, crypto, sport | No trading fees; on-chain gas may apply | 🇪🇺 🇩🇪 🇫🇷 🇳🇴 🇦🇺 🇳🇿 | USDC (crypto wallet) | Visit ↗ |
| Predicta Markets | 4.5 | politics, sport, finance | See platform for current fee schedule | 🇪🇺 🇩🇪 🇫🇷 🇳🇴 🇨🇦 🇦🇺 🇳🇿 | Card & crypto | Visit ↗ |
| Metaculus | 4.4 | politics, tech, finance | Free | 🇪🇺 🇩🇪 🇫🇷 🇳🇴 🇨🇦 🇦🇺 🇳🇿 | Reputation / tournament prizes | Visit ↗ |
| Manifold Markets | 4.3 | politics, tech, culture | Free (play-money "mana") | 🇪🇺 🇩🇪 🇫🇷 🇳🇴 🇨🇦 🇦🇺 🇳🇿 | Play-money / charity donations | Visit ↗ |
Ready to trade the future?
Pick a platform, start with the free ones, then scale up.
Frequently asked questions
Are prediction markets legal in my country?
It depends. Kalshi and PredictIt are US-regulated; Polymarket is crypto-based and geo-restricted; Manifold and Metaculus are play-money / forecasting only. Always check local law before trading.
Do you take money to rank platforms higher?
No. We rank on evidence — regulation, fees, liquidity, UX and payout reliability. Some links pay us commission, but that never changes the order.
What's the difference between real-money and play-money markets?
Real-money platforms (Kalshi, Polymarket, PredictIt, Predicta) pay out cash or crypto. Play-money platforms (Manifold, Metaculus) use points or reputation — great for learning without risk.
How do you rate each platform?
We score regulation, liquidity, fees, category breadth, mobile UX, payout speed and support — then a senior editor signs off. See our methodology page.
Kalshi vs Polymarket — which is better?
Kalshi is the CFTC-regulated US exchange, best if you want real-money contracts with bank funding and regulated settlement. Polymarket is the largest crypto-settled market by volume, best if you want deep liquidity, no trading fees, and USDC funding — where it's legally accessible.
Do I pay tax on prediction-market winnings?
In most jurisdictions, yes — prediction-market gains are treated as taxable income or capital gains, and platforms may issue tax forms (e.g. 1099s in the US). Treatment varies by country. Keep records of every trade and consult a local tax professional.
How do prediction markets work?
Prediction markets let traders buy and sell contracts tied to real-world outcomes. The price reflects the crowd's collective estimate: a 63¢ contract means a 63% chance. When the event resolves, winning contracts pay out.
How do you earn affiliate commissions?
When you click a tracked link and sign up or trade on a platform, we may earn a commission from that partner. It never affects the rating, review score, or order of platforms.
How do you prevent pay-to-rank bias?
Our methodology scores regulation, fees, liquidity, markets, UX, payout speed and support before any affiliate relationship is considered. Senior editors approve every order, and sponsored placements are never allowed.
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Prediction markets involve financial risk. Only trade what you can afford to lose.
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