PredictIt Review (2026)

What is PredictIt?

PredictIt is one of the longest-running prediction markets in the US, operated as a research project (historically in partnership with Victoria University of Wellington) and focused primarily on political and current-events markets — elections, nominations, legislation, and policy outcomes. For years it was the reference venue for US political forecasting, cited constantly by journalists and analysts as a real-money gauge of political probabilities. It operates in real US dollars under a specific regulatory posture as an academic/experimental market, which comes with distinctive limitations: markets have position caps (a per-market limit on how much any trader can hold), an 850-trader cap per market historically, and fees on withdrawals and profits, all of which constrain how sharp the pricing can get compared to an uncapped venue. Trading is via a straightforward web interface with shares priced 0–100 cents. The considerations: PredictIt's caps and fees mean prices can diverge from 'true' probabilities more than deeper markets, its regulatory status has been contested and periodically uncertain, it's US-focused and political-heavy rather than broad, and liquidity is modest by modern standards. But as a pioneering, real-money political prediction market with a long historical track record — and a familiar reference point in US political coverage — PredictIt remains a notable and widely-watched platform.

PredictIt Pros & Cons

PredictIt Pricing (2026)

PredictIt offers a free plan.

PredictIt Features

Frequently Asked Questions