GAMBITY
Most of them won't make it.
No country for old markets.

Forty companies entered the prediction market. Regulators, rivals, and the market itself will decide who survives. We track every one of them.

40 Companies
15 Regulated
39 Still Standing
Regulated
CFTC-Regulated Prediction Market Exchange

Kalshi

Founded 2018 · New York, USA

The platform that spent two years asking the US government for permission to exist — and then sued it when it said no.

Decentralized Prediction Market

Polymarket

Founded 2020 · New York, USA

The platform that called Trump's victory while everyone else called it a toss-up.

Reputation-Based Forecasting Platform

Metaculus

Founded 2015 · Santa Cruz, California, USA

The platform where physicists decided that forecasting the end of the world was too important to leave to markets.

Social Play-Money & Sweepstakes Prediction Market

Manifold Markets

Founded 2021 · San Francisco, California, USA

Create a prediction market on anything in seconds.

Regulated
Academic Political Prediction Market

PredictIt

Founded 2014 · Washington, D.C., USA

The academic experiment created by a Princeton nuclear prodigy that sued federal regulators to stay alive.

Regulated
Sports Betting & Prediction Market Exchange

DraftKings

Founded 2012 · Boston, Massachusetts, USA

The company that spent a decade building a regulated sports betting empire only to watch prediction markets threaten to make state-by-state licensing irrelevant.

Regulated
Sports Betting & Event Derivatives Operator

FanDuel

Founded 2009 · New York, USA

The dominant North American online sportsbook and event betting operator powered by Flutter Entertainment.

Regulated
Peer-to-Peer Sports & Event Exchange

Novig

Founded 2021 · New York, USA

The exchange built by a sharp bettor banned by traditional sportsbooks that abandoned sweepstakes to win full CFTC federal approval.

Regulated
Retail Brokerage Event Contract Market

Robinhood Prediction Markets

Founded 2013 · Menlo Park, California, USA

The retail trading giant that weaponized 24 million accounts to turn presidential elections into overnight meme stock volume.

Regulated
Federally Regulated Sports Prediction Market

ProphetX

Founded 2018 · New York, USA

The New Jersey sports betting exchange that surrendered its state gaming license to conquer federal derivatives law.

Regulated
CFTC-Regulated Event Contract Exchange & Clearinghouse

ForecastEx

Founded 2024 · Greenwich, Connecticut, USA

The institutional-grade event market clearinghouse using interest-bearing collateral to quantify global consensus.

Decentralized On-Chain Prediction Protocol

Limitless Exchange

Founded 2023 · Lisbon, Portugal

The ultra-fast, zero-slippage prediction protocol built on Layer-2 blockchains for micro-duration event contracts.

Yield-Bearing Decentralized Prediction Market

Predict.fun

Founded 2025 · Singapore

BNB Chain’s leading yield-bearing prediction market protocol backed by YZi Labs.

Decentralized Sports AMM Exchange

Overtime Markets

Founded 2022 · Decentralized / Remote

The decentralized, non-custodial sports prediction protocol powered by AMM liquidity and Chainlink oracle feeds.

Embedded Web3 Social Prediction Protocol

Myriad Markets

Founded 2025 · Decentralized / Remote

The decentralized prediction protocol embedding event contracts directly into news feeds, social posts, and media sites.

Decentralized Conditional Prediction Protocol

Seer

Founded 2023 · Decentralized / Remote

Modular, yield-bearing prediction markets powered by Reality.eth, Gnosis Conditional Tokens, and Kleros arbitration.

Institutional Macro Prediction Exchange

OPINION

Founded 2024 · Singapore

The high-performance prediction exchange for global economic and macro trading.

Regulated
CFTC-Regulated Retail Event Market

Crypto.com Predictions

Founded 2016 · Singapore

Regulated event contract trading embedded directly into the Crypto.com app ecosystem.

Decentralized Oracle & Prediction Market Protocol

Augur

Founded 2014 · Decentralized / Remote

The pioneer of decentralized prediction markets and token-weighted oracle consensus.

Solana-Based Pooled Prediction Protocol

Hedgehog Markets

Founded 2021 · Decentralized / Remote

Lightning-fast prediction markets and no-loss competition pools built natively on Solana.

Global Real-Money & Play-Money Prediction Platform

Futuur

Founded 2019 · Montevideo, Uruguay

Crowdsourced forecasting across politics, science, climate, and pop culture.

Specialized Global Macro & Geopolitical Exchange

Insight Prediction

Founded 2022 · United States

Niche geopolitical and economic prediction trading for serious forecasters.

Regulated
Global Peer-to-Peer Betting Exchange

Betfair Exchange

Founded 2000 · London, United Kingdom

The world’s largest and most liquid peer-to-peer betting exchange.

Regulated
Academic Real-Money Prediction Market

Iowa Electronic Markets

Founded 1988 · Iowa City, Iowa, USA

The academic pioneer of real-money political and economic prediction markets.

Crowdsourced Geopolitical Forecasting Platform

Good Judgment Open

Founded 2015 · New York, USA

Harnessing the wisdom of crowds and Superforecasters to predict world events.

Collective Intelligence & Play-Money Prediction Market

Hypermind

Founded 2000 · Paris, France

Pioneering supercollective intelligence for enterprise and geopolitical forecasting.

Enterprise Internal Prediction & Crowdsourcing Software

Cultivate Labs

Founded 2014 · Chicago, Illinois, USA

Internal prediction markets and crowdsourced intelligence software for enterprises and governments.

Commercial Superforecasting & Advisory Firm

Superforecast (Good Judgment Inc.)

Founded 2015 · New York, USA

Commercial geopolitical and macroeconomic forecasting powered by elite Superforecasters.

U.S. Government Early Warning & Policy Forecasting Platform

INFER (formerly Cultivate)

Founded 2019 · Washington, D.C., USA

Crowdsourced forecasting for U.S. national security, technology, and public policy.

Enterprise Forecasting & Institutional Analytics Service

Metaculus Pro

Founded 2015 · Santa Cruz, California, USA

Custom enterprise forecasting tournaments and pro forecaster intelligence.

Regulated
Low-Commission Betting & Prediction Exchange

Smarkets

Founded 2008 · London, United Kingdom

Flat 2% commission betting exchange built with modern financial trading architecture.

Decentralized Sports Betting Blockchain & Exchange

SX Network

Founded 2019 · Toronto, Canada

The world’s highest-volume Web3 sports betting exchange.

Decentralized On-Chain Liquidity Layer for Prediction Apps

Azuro Protocol

Founded 2021 · Zug, Switzerland

The infrastructure layer powering on-chain prediction and betting apps.

Polkadot App-Chain Prediction Protocol

Zeitgeist

Founded 2021 · Zug, Switzerland

Ecosystem-dedicated blockchain network for prediction markets and futarchy.

Futarchy-Based Governance & Capital Allocation Platform

MetaDAO

Founded 2023 · Decentralized / Remote

Governance by prediction markets on Solana.

Regulated
Regulated Institutional Derivatives Event Exchange

CME Group Event Contracts

Founded 2022 · Chicago, Illinois, USA

Institutional event contract trading from the world’s leading derivatives marketplace.

Fully Decentralized Non-Custodial Prediction Market

Omen Prediction Network

Founded 2020 · Zug, Switzerland

Permissionless prediction markets built on Gnosis Conditional Tokens.

Regulated
Integrated Retail & Institutional Event Contract Exchange

Coinbase Event Trading

Founded 2024 · San Francisco, California, USA

Trade real-world event outcomes directly inside Coinbase.

Decentralized Prediction Protocol

TrueMarkets

Founded 2024 · New York, USA

Embedding real-time prediction markets directly into news and digital media.

Regulated
Low-Margin Peer-to-Peer Sports Exchange

Matchbook

Founded 2004 · Alderney, Channel Islands

High-volume, low-commission peer-to-peer sports betting exchange.