What this page covers
- What happened to PredictIt
- Active prediction market platforms in 2026
- Feature comparison: Kalshi, Polymarket, Robinhood
- API access and programmatic trading on each platform
- How to build on top of modern prediction market APIs
What happened to PredictIt
PredictIt operated under a CFTC no-action letter that allowed it to offer binary political prediction markets. In 2022, the CFTC withdrew that letter, ordering PredictIt to wind down operations. The platform stopped accepting new markets and began closing existing ones. PredictIt’s winding down left a gap for political and event prediction markets — but several platforms have since filled and expanded that space.Active platforms in 2026
Kalshi
Kalshi is the first CFTC-regulated prediction market exchange in the United States. It operates as a designated contract market (DCM), giving it a permanent regulatory framework rather than a temporary no-action letter.
Kalshi covers far more categories than PredictIt ever did — beyond politics, it offers markets on Fed rate decisions, inflation data, temperature records, box office results, and cryptocurrency prices.
Kalshi API guide
Full developer guide: authentication, endpoints, market data, and code examples.
Polymarket
Polymarket is the largest prediction market by volume globally. It is crypto-native, built on Polygon, and uses USDC for settlement.
Polymarket has the deepest liquidity and broadest market coverage. It attracts a global, crypto-native audience.
Polymarket API guide
Full developer guide: CLOB, Gamma API, py-clob-client, condition IDs, and code examples.
Robinhood
Robinhood added event contracts (prediction markets) to its existing brokerage platform, bringing prediction markets to a mainstream retail audience.
Robinhood’s prediction markets are accessible to anyone with a Robinhood account, but the API surface for programmatic trading is more limited than Kalshi or Polymarket.
Comparison: PredictIt vs modern platforms
Key improvements over PredictIt
- No $850 position limit: Kalshi and Polymarket allow unlimited position sizes
- More categories: Economics, crypto, weather, entertainment — not just politics
- Real APIs: Full REST APIs with order placement, position management, and streaming
- Lower fees: Kalshi maker orders are free; Polymarket has competitive fees
- Faster settlement: Markets resolve and pay out within hours, not days
Building on modern prediction market APIs
If you previously built tools for PredictIt, the modern ecosystem is much more developer-friendly:What’s next
API comparison
Detailed comparison of Kalshi, Polymarket, and Robinhood APIs.
Build a trading bot
Step-by-step tutorial for a Python trading bot.
Quickstart
Get a free API key and make your first call.