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PredictIt Review

The long-running US political prediction market: politics only, small stakes, now with free bank deposits and withdrawals.

6.5
6.5 out of 10

Betrefs score out of 10

By MattCS, updated September 2026
Provisional desk review

Website
www.predictit.org
Founded
2014
Operator
Not stated
License
CFTC staff no-action letter
Provably fair
Not confirmed
KYC
Not stated
Instant withdrawals
Not confirmed
House edge
Not published
Monthly visits
n/a
Trustpilot
No reviews
OverviewHouse edgeTrafficFull reviewFAQ

Overview

Provisional desk review: we haven't tested PredictIt with real money yet, so its score is capped at 8.5. How we review

Card depositsBank payoutsLicensed

What we like

  • +Running since 2014 under a CFTC no-action letter
  • +Free ACH deposits and withdrawals since September 2026
  • +Simple 1-99 cent shares on US politics

Watch out for

  • −Politics only: no sports or esports
  • −10% fee on your profits
  • −Stakes capped per contract ($3,500)
  • −Card deposits cost 3%

Games

Politics

Deposit with

Bank transferCard

Withdraw with

Bank transfer
Trust & reputation8.0
Payments & payouts8.0
Fairness5.0
Games5.6
Bonuses & value5.0
Design & UXNot scored yet

House edge

How do we calculate house edge?

PredictIt hasn't published per-game house edges, and we haven't checked them on the site yet. We only list edges the site states itself or that we work out from its own odds and payouts.

The share of every bet the site keeps on average. Lower is better for you.

How popular is PredictIt?

PredictIt is too small or too new for public traffic estimates yet.

PredictIt in 2026

PredictIt has been the US political prediction market since 2014. You buy shares in an outcome for 1 to 99 cents and they pay $1 if you're right. It runs under a CFTC staff no-action letter rather than as a licensed exchange. In July 2025 the CFTC let the market move from Victoria University of Wellington to a US not-for-profit, the Prediction Market Research Consortium, with Aristotle International running it day to day.

Markets

Politics only, by design: the CFTC letter excludes war, terrorism and assassination markets, and there are no sports or esports. The old cap of 5,000 traders per contract is gone; each contract's limit now follows the federal campaign-contribution limit, currently $3,500.

Bonus

We don't have a Betrefs code for PredictIt yet. We're working on one, so check back soon.

Fees and payments

PredictIt takes 10% of your profits. Since September 2026 ACH bank deposits and withdrawals are free (the old 5% withdrawal fee is gone), and card deposits carry a 3% processing fee.

Trust

In 2022 the CFTC withdrew PredictIt's no-action relief, saying it hadn't kept to its terms. The relief was restored and widened in 2025.

Verdict

Fine for small bets on US politics, and cheaper than it was. For anything else, including esports, it isn't the place.

PredictIt FAQ

Is PredictIt legit?
We score PredictIt 6.5/10 in a provisional desk review. It holds a license: CFTC staff no-action letter.
How do I withdraw from PredictIt?
PredictIt pays out in Bank transfer.