Trade Yes/No contracts on political events; each correct prediction settles at $1
PredictIt offers only contracts tied to real-world political markets. Each contract is presented in a “Yes” or “No” position. You can buy and sell positions based on what you think the future outcome of an event will be. When you choose a “Yes” contract, it means you’re predicting that an event will happen. But a “No” contract means you believe it will not happen.
For each contract you find on PredictIt, it’s priced between $0.01 and $0.99. However, contract prices are always changing depending on the collective sentiment of all traders in that market. These prices also indicate the probability that an event will happen. For example, if a market on the site has a “Yes” contract priced at 75¢, that means the market believes there is a 75% chance the event will occur.
If the price rises to 88¢, you can choose to either sell early to lock in a profit or wait until the event happens. Either way, the contract settles at $1 if you get the prediction correct, and if not, it settles at $0. But note that the $1 settlement is before purchase costs, and the site still takes a 10% cut of your profit, so your payout depends on the price paid. Novig has a similar trading style, and there is a Novig prediction markets promo code available on the site that you can use to claim its welcome offer.
PredictIt (PBT) prediction markets available on mobile
PredictIt (PBT)'s prediction markets accessible on desktop
Political prediction markets are all you get on PredictIt
PredictIt features only political markets, but they’re subdivided into multiple groups. Here’s what each group offers:
No promotion to claim, but ACH deposits are free, and withdrawals carry no fee
You don’t get a bonus at PredictIt, even when you refer friends to join. This is unlike other prediction markets like Polymarket, where a Polymarket referral code lets you invite friends to join and get you rewards. Though many traders would agree this is a PredictIt drawback, the site offers fee-free incentives (to an extent) to make up for it.
It charges no fee for ACH deposits, and one credit card deposit is free up to $1,000. There is also a 0% withdrawal fee for ACH or check. By comparison, Novig's official website states a 3% charge on debit card deposits.
Remember, while the fees are minimal, PredictIt does keep 10% of the profits from winning trades. Still, the cut is calculated based on profit and not the raw price of the event contract. As a result, in some circumstances, PredictIt has much lower fees than the competition.
Signing up only takes a few minutes, but expect KYC verification before your first deposit
If you don’t mind PredictIt’s market categories and promotions limitations and want to sign up, creating an account is easy. Here’s how to quickly complete your registration within a few minutes:
- Visit the official PredictIt page by clicking the banners on this page.
- Tap the “Sign Up” button on the homepage.
- Enter your email address and confirm it.
- Create a secure password you can always remember.
- Choose a unique username.
- Click the “Create Account” button to complete your registration.
You can also choose to sign up with your Facebook, X, or Google account. Even after signing up at PredictIt, you’ll need to complete your profile before your first deposit on the site. You’ll be asked to submit your full name, date of birth, home address, and SSN.
Trade on well-known events and make more informed PredictIt trades
Since PredictIt doesn’t offer any promotions, you’d always have to use your own funds to make trades. Therefore, you need to make the best use of your money so you can get the best results from your trades. Here are 5 top tips to help you manage risk while trading on PredictIt:
Know when to close a trade to lock in a profit
Knowing when to sell your contract lets you secure a reasonable profit. And you will not need to wait for the actual outcome to be correct or wrong.
For instance, you buy a political PredictIt contract at $0.65 and its value begins to rise. You can decide whether it’s worth holding your position until the event actually happens. If credible information about the event leads you to believe it isn’t worth it, and you see the price has climbed to $0.85, you can sell immediately to avoid a loss.
For each trade, you should have an estimate of allowable potential loss before entering the market. If the price looks like it’s going to dip below that limit, be proactive and sell your position. Don’t wait until the last minute, as you can only sell if there are traders willing to buy, meaning that market exit is not guaranteed.
Don’t add losing positions to try to break even
Trying to chase your losses or recoup your funds via more trading never goes well. Start off with a fixed trading budget, and once that runs out, stop. Trading predictions at PredictIt carries real risk, and positive outcomes are never guaranteed.
Predict on markets you know well
PredictIt offers only political and policy markets. Trade those markets related to events or elections you currently follow. In areas you don't follow too well, research gaps could become trading losses.
Keep track of both your worst and successful past trades
With numbers being thrown around left and right, it’s easy to lose track of your profit and losses. That, in turn, can lead to you having a distorted view of your success and failure. Make sure you’re tracking not only which predictions were successful at PredictIt, but also what your net profits or losses were. These can make it easier for you to determine when to stop, when to keep going, and when to switch strategy.
At the same time, don’t let past successes influence your spending decisions. Stick to your budget no matter what. US Prediction markets are always random and risky, there is no such thing as a “winning streak”.
Fast facts about PredictIt prediction markets
You may need help understanding what’s available on PredictIt. Here are some common facts to help you get started:
Is a promo code needed to claim PredictIt offers?
No. PredictIt has no promotions for traders, so you won’t need a promo code on the site. It’s no different from sites like ForecastEx, where you don’t need a ForecastEx promo code because there is no bonus to claim.
What is the age requirement to sign up at PredictIt?
You must be at least 18 years old to create a PredictIt account and start trading.
Are virtual currencies used to trade on PredictIt?
No. As shown in PredictIt review, it is a typical prediction market site where you use real money to place Yes/No contracts on real-world political events.
Which US states is PredictIt available in?
PredictIt is available in 0 states for political predictions in the US and around the world.
Does PredictIt offer culture and sports markets?
No. You’ll only find event contracts on political outcomes at PredictIt, since that’s the only market it currently offers. However, one prediction market where you can find sports contracts is ADI PredictStreet via Kalshi. The sign-up process is as simple as PredictIt’s, and no ADI PredictStreet prediction markets promo code is needed to register.
Conclusion – PredictIt is well suited for traders interested in political prediction markets
You’ll enjoy PredictIt if you’re interested in political markets and prefer fee-free deposits and withdrawals over promotions. That’s because the site focuses exclusively on political prediction markets. So if you’re already used to sports or culture predictions and want to keep it that way, you’re better off looking for an alternative to PredictIt where promotions are also available to trade on these markets.
But PredictIt is worth considering if you haven’t traded prediction markets before, enjoy political debates, and don’t mind trading on a few political outcomes, even with the 10% profit fee. The site also offers several political market categories to choose from, including US elections and world politics. And if you’re already trading other markets and want to start branching into political markets, PredictIt may be the right fit for you.
If you don’t mind the limited markets or lack of promotions, and politics is the kind of prediction market you prefer, click the banners on this page to sign up on PredictIt.
PredictIt promo code FAQs
Wes Burns has more than a decade's worth of experience as a writer, researcher and analyst in the legal gambling industry and is co-founder of BettingUSA.com. As a former professional online poker player, Wes approaches his work from the viewpoint of players.