Is Plus500 Prediction Markets Legit? Legal States
Yes, this brand is legit. It started in 2008 as a global fin-tech company. Fast forward to early 2026, and the parent company – Plus500US Financial Services LLC – partnered with Kalshi to launch prediction markets in the United States. The company is registered and regulated by the Commodity Futures Trading Commission, and it’s a member of the National Futures Association in good standing. The company is transparent about how they operate, and they provide plenty of disclosures and detailed policies for traders. This brand is safe, legit, and regulated.
Currently, the brand is available nationwide in the United States, although some states may not see all of the prediction markets available. Most commonly, traders located in certain states may not see sports event contracts. The availability will change over time as state legislators, attorneys general, and the courts review these event contracts. This is similar to the question of whether Polymarket is legal – the answer is yes, with some markets being unavailable in certain locations.
Plus500 Apps Review
Both the iOS and Android apps have the same general feel as the website with the dark blue and white theme. The feel is institutional, more like a brokerage firm than a “fun” site. As an example, traders who are looking for apps like Underdog Predict with the bright yellow theme will need to look elsewhere. While the sports prediction markets are similar, Plus500 has a decidedly more professional feel. You can switch from light to dark themes on both the apps and the site, which is a nice touch.
iOS app vs Android app review
While both apps work well and do what you need them to do, the iOS app is slightly better than the Android app in terms of performance. Both apps are laid out thoughtfully, so that it’s easy to tap back and forth between different prediction markets, your account, live support, and other areas of the platform.
Finding prediction markets on the app is a simple task. You can browse through the main categories and subcategories of markets. There’s also a sort feature that lets you organize markets by those ending soonest, long shots, 50-50 markets, total volume and more. What’s more, a search feature is available if you know exactly what you’re seeking. For best results, be sure you toggle to “prediction markets” when searching so that you get relevant results. You can search for specific markets this way. For example, if you want to search for a specific sports team, a specific politician, a special commodity, or anything else, the search feature makes it easy to find what you need.
Another notable feature of this platform are the tools that are available to you. You can set up watchlists, create notifications for specific activities, and create reports. In addition, whenever you click on a market, you’ll get charts and real-time information that’s relevant to the market.
What is the demo mode?
Many similar brands provide plenty of documentation to help new traders learn about prediction markets, which you can also see on our prediction markets reviews page. This platform does the same, but it goes a step further. You can use the demo mode on both the apps as well as the website to learn how the platform works. The platform constantly asks if you want to switch to real money when you’re using the demo mode, which is annoying, but not a dealbreaker.
Which is better: the apps or the website?
You’ll find that the performance and mobile optimization is similar on the website and the apps. The one you should use depends on how you use the platform. If you primarily value on-the-go trading and convenience, or you only trade on your phone, then use the apps. Those who are trading at home may want to use the web-based version on a laptop or desktop computer. It’s easier to see the charts and other information the site provides on a bigger screen, as it takes less scrolling and flipping back and forth.
In short, the overall usability is better on a bigger screen device like a laptop. If you’re using a phone, then the app is going to be easier for you to use versus the web-based version.
Plus500 Bonus Details: Is there a welcome bonus available?
Yes, event-contract traders can collect a trading bonus of $20 after they make $10 in trades. Here are the details:
| Feature | Details |
|---|---|
| Welcome bonus | No offer available right now trading bonus |
| Code required? | Maybe* |
| Availability / expiration | For the first 5000 traders to claim it or it expires Oct 31, 2026 |
| Bonus eligible for withdrawal? | Yes |
*At the current time, you may need a Plus500 prediction markets promo code to collect this bonus. If there is a code available, you’ll find it on the banners right here on this webpage.
TIP: If you’re seeking bonus codes from other platforms, such as a Robinhood promo code, you’ll find those as well throughout this website when they’re available.
Is There a Plus500 No Deposit Bonus?
No, this type of bonus is not available. If you want to try out the site for free, you can use the demo mode that’s available on both the apps and the web-based version of the site. This is similar to what other sites provide for bonuses. For example, while you may be able to collect an Interactive Brokers prediction markets promo code, there won’t be one available for no-deposit bonuses.
What Other Plus500 Promotions Can You Expect?
The primary ongoing bonus with this brand is through the invite-a-friend program. It’s worth noting that you need to make a deposit and conduct at least one trade before you become eligible to refer your friends. In order to get the bonus, you need to use the unique link the site provides to you. Once your invited friend starts trading, you’ll be able to collect a $100 commission credit bonus. Your fifth referral who makes a qualified trade will net you a $300 bonus. Note that this offer is only available for the first five friends you refer.
Plus500 Loyalty Program: worth it?
This platform does have a rewards program, but the details are unclear even after talking to support. Here’s an overview:
| Tier Name | Criteria | VIP Gets |
|---|---|---|
| Premium | Trader Points required: 500,000 | Perks: Discretionary commission credits, personal client manager, technical analysis subscription, loyalty rewards |
| Elite | Trader Points required: 2,500,000 | Perks: Discretionary commission credits, personal client manager, technical analysis subscription, loyalty rewards, optimized fee pricing, advanced charting tools, exclusive personal education session, executive manager events |
| Ambassador | Trader Points required: 10,000,000 | Perks: Discretionary commission credits, personal client manager, technical analysis subscription, loyalty rewards, optimized fee pricing, advanced charting tools, exclusive personal education session, executive manager events, special Ambassador experiences |
You’ll collect Trader Points by engaging in trading activities on the website. It’s unclear exactly how many Trader Points you get for each activity, and customer service was unable or unwilling to provide additional details. The customer service reps will tell you that the program is for “highly engaged traders,” and that you can track your progress in your account to get a feel for how to collect Trader Points.
In addition, the website isn’t forthcoming about what types of loyalty rewards you can get. Some people have reported incentives, such as small bonuses for providing liquidity. This page will be updated if and when more information becomes available about the program.
Multiple asset classes available at Plus500
Plus500's mobile trading platform interface
Plus500's login page for account holders
Plus500 Deposit Methods
Since this platform is regulated by the Commodity Futures Trading Commission, all deposits are by fiat currency only. In addition, any method you use to deposit money must be drawn from an account that is in your name. Here are the options:
- Debit card.
- Bank transfer.
- Google Pay or Apple Pay.
Bank transfers can take up to five business days to reach your account. Debit cards, Google Pay, and Apple Pay can take one to three days to fund your account. The reason for this is because your deposit is first moved to the payment processor, then from the payment processor to your Plus500 account. The minimum deposit is $10 for 500Plus event contract traders. There are no fees for depositing, unless your financial institution charges a fee on their end.
Finally, note that even though it may take a few days for your funds to officially appear in your account, in some cases you may be able to start trading even before the funds are in your account. This happens as long as the funds have been confirmed and are on the way to your Plus500 account.
Plus500 Withdrawals Options
The most important thing to know is that withdrawals must be sent back to the same account that you used to make a deposit. For example, if you made a deposit with a bank transfer, then the platform will send your withdrawal back to that same account. This is referred to as a “closed loop” policy, which is done to combat money laundering. Your withdrawals take one to three days for debit cards, and up to five business days for bank transfers.
The second thing you need to know is that your first withdrawal is free each calendar month. Any withdrawal after that will incur a fee of 1.75%, up to a maximum of $150.
Plus500 prediction markets: which markets are available?
Since this platform partners with the Kalshi exchange, here you’ll find many of the same markets as you do on Kalshi and similar platforms. Here’s an overview of the categories and what to expect within each category:
| Plus500 Prediction Markets | Sample of subcategories |
|---|---|
| Sports | Football, baseball, basketball, golf, hockey, MMA, tennis, motorsports and more |
| Science and Technology | AI, companies, market share, product launches, public health, space |
| Politics | Congress, international, Iran, recurring, SCOTUS, Trump |
| Mentions | Business, earnings, politicians, Trump |
| Financials | AI, CEOs, companies, compute, foreign exchange, IPOs, KPIs, interest rates, markets, and more |
| Entertainment | Achievements, awards, music, video games, TV, views, streaming, and more |
| Elections | 2028, election combos, governor, House, Senate, presidential, US elections, and more |
| Economics | Econ daily, Fed, GDP, growth, inflation, oil and energy, jobs and economy, and more |
| Crypto | BNB, BTC, DOGE, ETH, HYPE, SOL, XRP, Hourly |
| Companies | Companies/brands (limited section) |
| Commodities | Gold, metals, oil and gas, silver |
| Climate and Weather | Climate change, temperate, snow and rain, hurricanes, natural disasters |
Collectively, there are hundreds of markets across these categories and subcategories. One feature traders appreciate is that the volume is shown next to the event contracts, so you can get a sense of the liquidity for each market. You’ll find the highest liquidity among popular sporting events, entertainment events, presidential elections and other markets with mass appeal. These markets have volumes as high as $220+ million. Less popular markets – such as Brent Crude pricing – have as little as $15k in volume.
It’s important to note that you may not see all markets, depending on your location. The category that’s most likely to have availability issues is the sports category, due to the legislation and other activities that are ongoing in some states.
What are the trading fees?
The fee schedule is straightforward, as all trades incur a fee of $0.02. This fee consists of a $0.01 commission fee and a $0.01 exchange fee. The fact that the fees are simple is a big benefit when you’re calculating what trades to make and how much they’ll cost. The downside is that ALL trades incur the same fees. If you look at other platforms, they often offer lower fees for certain types of orders.
Plus500 offers trading on oil and other CFDs
Trade gold CFDs with Plus500
Explore USA Thirty with Plus500
Review of Plus500 Customer Support
Here are the options you have when you need support:
- Consult the extensive training materials and FAQs on the website.
- Contact customer service via email.
- Use the live support chat function.
The training materials and FAQs are good options when you have basic questions, such as how to fund your account. In addition, new traders can learn all about prediction market trading inside these documents. You can also use the demo mode on the site or the app to learn how to use the platform and how to trade event contracts.
For all other questions, you’ll want to use the live support, which is professional, friendly and helpful. This support option is generally fast, as it usually takes only two or three minutes to connect with an agent. There is no AI agent standing between you and the live help. In addition, you can download your chat transcript to refer to later.
Traders who have a complex question that requires documentation may choose the email option. Alternatively, if you have a non-urgent question, you can send an email rather than going back and forth on live support. You should get an email response within a few hours in most cases.
Overall, the support is prompt and professional when contacting the help desk. In addition, the extensive articles and videos in the education section are quite useful for anyone who’s new to trading and/or new to this platform.
Plus500 Responsible Trading
This platform requires all new traders to read and agree to risk disclosures, which explain the potential for losing money. In addition, the Trading Academy videos include information about responsible trading, including how to set and enforce limits. Depending on your region, you may also see limits for deposits.
What would make this site even better is if there were tools in place that traders could use directly to create limits. This might include deposit limits, trading limits, or even time spent on the site per day. In addition, it would be beneficial if traders could take a temporary break from trading using onsite controls, or even permanently self-exclude. It would appear the only option is to close your account if you want to stop trading.
Overall, the site offers plenty of information on responsible trading, but adding tools to support responsible trading would be even better.
Final Thoughts: Is Plus500 Prediction Markets Legit and Worth It?
This brand offers a nice variety of prediction markets, so there’s something for everyone. Liquidity varies across markets, with popular markets such sports and elections having the highest volume and liquidity. Trading is straightforward, as all you have to do is click an event contract and list how much you want to trade. Both the app and website work well and it’s easy to get around and make trades. However, the web-based version has a slight edge when you use it on a desktop, as the candlestick graphs and other tools are easier to view. New traders can get a welcome bonus of $20 after they trade at least $10. Referral rewards and loyalty rewards are also available.
To see what offers are currently available to you, just view and tap the Plus500 banners on this page to get started!
Plus500 Prediction Markets Review FAQs
Mike Murphy is the founder of BettingUSA.com and has over 20 years of experience in the legal gambling industry. A regular attendee of industry trade shows and conferences, Mike is a strong proponent in the idea of a well regulated online betting industry.