PredictIt Promo Code And Bonuses

PredictIt does not currently offer any welcome bonuses to new customers.

A search on Google for PredictIt promo codes returns many websites claiming to list coupon codes, but none of them work. In fact, there isn’t even anywhere to insert a promo code when registering or depositing.

It is unlikely PredictIt will begin offering bonuses or other promotions anytime soon. PredictIt is a research project, not a commercial operator. As a result, it does not compete with traditional sports betting sites for new users and lacks a significant marketing budget.

Bettors interested in high value sports betting bonuses must look elsewhere. However, keep in mind that online sportsbooks do not offer political betting in any state.

How PredictIt It Works

To put it simply, PredictIt allows customers to trade “yes” and “no” shares on the outcomes of future political events at prices ranging from $0.01 to $0.99 per share. If the outcome takes place, the yes shares are redeemed for $1 and the no shares expire worthless. If the predicted outcome does not take place, the no shares are redeemed for $1 and the yes shares expire worthless.

For example, consider a basic Presidential election market in which the question being asked is whether or not the Republican nominee will win. Anyone who likes the Republican’s chances will buy yes shares on that outcome in anticipation of redeeming those shares at $1.00 a piece later. Anyone who think the Republican is likely to lose the election would buy no shares in anticipation of redeeming those for $1.00 a piece later.

Prevailing market sentiment pushes and pulls prices between $0.01 and $0.99 while the market is still live. For example, if sentiment turns against the Republican candidate, prices of yes shares will drop as people try to sell off those shares. Meanwhile, “no” share prices would rise as people buy into those hoping to cash in on them when the Republican loses the election.

You can buy and sell shares at any time or hold them to expiration if you’re confident your predicted outcome will come true. Thus, you can buy a bunch of no shares for, say, $0.30 each and later sell them at $0.55 to exit the position and lock in a profit. Likewise, you can sell off your shares if the market moves against you to cut your losses – as long as someone else is willing to buy the shares you’re selling.

Buying and Selling PredictIt Shares

Buying and selling shares on PredictIt will be familiar to anyone with experience in financial markets or binary options. You can buy shares by first selecting the prediction market you want from a page that looks like this:

Select the market you want to move on to the next page, which is where you’ll buy and sell shares for each market. This page shows trading volume and current prices for yes and no shares for each prediction.

The following screenshot shows the current prices for shares on who will win the next Democratic presidential nomination. Gavin Newsom and Alexandria Ocasio-Cortez lead the pack, as indicated by their prices. The higher the price, the likelier the outcome – at least according to prevailing market prices.

As a result, someone who buys Newsom or AOC shares stands to win less than someone who buys shares in long shot candidates because the winning position will mature at $1.00. Market participants can get into positions on long shot candidates at much lower prices to earn more if they are correct, but their odds of winning are also lower.

Additionally, traders can buy positions FOR or AGAINST each candidate. Above, note that the current best available price on Newsom winning the 2024 nomination is $0.32 per share. Traders can also buy shares AGAINST Newsom winning at $0.69 per share.

The process of buying and selling shares is where strategy comes into play. Something to keep in mind is that you don’t necessarily have to be 100% confident in your prediction coming true – you can instead look at shares as undervalued or overvalued.

For example, let’s say you estimate Newsom has a 50-50 shot of being the Democratic nominee. Even though you’re undecided in your actual prediction, you could confidently buy YES shares on Newsom because they are underpriced at just $0.32, which roughly equates to the market giving him a 32% chance.

Those familiar with the nature of political media can also buy shares with the intention of making a quick hit-and-run move. If you suspect the news cycle will run a scandalous story on one candidate or another, you can buy NO shares on that candidate and then sell when the news hits and gives NO shares a bump.

PredictIt Fees and Limits

PredictIt assesses fees on profitable trades and all withdrawals:

• If you sell a position or hold until expiry for a profit: 10% fee on profit
• If you sell a position or hold until expiry for a loss: 0%
• Withdrawals: 5% fee on all withdrawals

Additionally, PredictIt caps maximum position sizes to the federal campaign-contribution limit, which may adjust every two years. Currently, traders can invest up to $3,500 into any position.

PredictIt Deposits and Withdrawals

PredictIt supports limited deposit and withdrawal methods.

Traders can fund their accounts via:

• Credit Card: All major brands accepted
• PayNearMe: Fund your account with cash at the nearest PayNearMe location

Withdrawals are available via ACH bank transfer and paper check in the mail. Deposited funds are subject to a 30-day holding period before they become available for withdrawal.

PredictIt Company Overview and History

PredictIt launched in 2014 as a non-profit political prediction market operated by New Zealand’s Victoria University of Wellington. Although US law typically prohibits “election betting,” the Commodity Futures Trading Commission (CFTC) granted PredictIt no-action relief (Letter 14-130), allowing it to operate for educational and research purposes.

In 2022, the CFTC accused PredictIt of not operating “in compliance with the terms” of its understanding, withdrew Letter 14-130, and ordered PredictIt to wind down its operations.

PredictIt posted an “Important Notice” the same day and informed users it would halt trading while evaluating its options.

After a year of litigation paused the wind-down, PredictIt proposed a new governance and compliance model.

In July 2025, the CFTC issued Letter 25-20, which cleared the way for PredictIt to resume its US operations, with several changes to its operational model:

• Operations transferred to the US-based Prediction Market Research Consortium (PMRC)
• Establish Aristotle International, Inc. as PredictIt’s market servicer
• Remove the 5,000-trader cap that initially limited PredictIt’s US market reach
• Significantly expand the per-contract investment limit

PredictIt relaunched nationwide for US traders in September 2025.

Expert Opinion: Is PredictIt Legit?

PredictIt would earn a glowing review if it wasn’t for the high cost of business imposed on traders and limited payment methods. Paying a 10% fee on all net profits plus 5% on all withdrawals makes it hard to earn a profit, even with smart trading. Just to break even on an individual trade will require you to close your position for more than a 5% profit accounting for the withdrawal fee alone.

The fees, limited deposit methods, and limited withdrawal methods are major negative points, especially compared to other prediction markets. PredictIt is a fun way to test your political wit and possibly earn significant money at times, but these shortcomings make it difficult to consider PredictIt a serious trading platform.