Learn prediction markets
Plain-language explainers — what prediction markets are, how they work, and how the major platforms differ.
What is a prediction market? A beginner's guide (2026)
A prediction market is an exchange where people buy and sell contracts on the outcome of future events. The price of the contract represents the market's collective estimate of probability.
What is Polymarket? (2026 guide)
Polymarket is the largest crypto-native prediction market in the world. Founded in 2020, it trades on Polygon in USDC stablecoin.
What is Kalshi? (2026 guide)
Kalshi is the first CFTC-regulated US prediction market. Founded in 2018, it offers federally legal event contracts to all US residents.