Where To Trade On Crypto Predictions This March? (Find Your Ideal Crypto Predictions Platform)

What are crypto prediction markets?

So, how does event prediction markets work? These are platforms that let you trade contracts tied to specific future events. Typically, these are Yes or No contracts that will pay $1 if an event does or doesn't happen.

Say right now you hop on Polymarket and buy 100 contracts stating that the price of Bitcoin will go up by Friday. You manage to get the contracts at $0.60 per contract for a total of $60. Since each contract is worth $1, when Friday rolls along, if the price of Bitcoin does rise, the 100 contracts will settle for $100. And you pocket the $40 profit.

But what happens if you don't want to wait for the contract to settle? That's where the dynamism of crypto prediction markets comes in. As long as there are people willing to buy or sell a contract, you can keep trading. This allows you to lock in your profit early, or to exit a position if the outcome starts to appear less likely.

Let's take the 100 contracts we mentioned above as an example. You bought them $0.60 each for a total of $60. If two days later you get cold feet and decide to sell when the price of the contract drops to $0.40, you can get $40 for the sale, limiting the losses to just $20.

What crypto prediction markets are out there?

We've covered the basics of what is a prediction market. But what about the options available? Different prediction sites offer different markets for users to explore. Here are some examples:

• Markets based on coin performance – you can buy contracts based on the performance of a particular digital currency. This market can focus on the comparison of two major coins or how much BTC will dominate other cryptos.
• Crypto threshold forecasts on cryptos – Here, you can vote ‘Yes’ or ‘No’, concerning whether or not a certain coin will reach a specified value. Such event contracts typically resolve within a month or a few months.
• Contracts tried to crypto market shares — Here you're not predicting how much a crypto currency will be worth, but how much market penetration it'll achieve by a given point in time.

Exploring the top apps for crypto prediction markets

If you were looking for crypto trading markets, you would want nothing short of a brilliant prediction market. Below are short but in-depth reviews of two of the most popular apps.

Kalshi – Crypto markets made simple

If you have a keen eye for virtual coins and their growth or decline, Kalshi offers up a wealth of trading opportunities for event contracts related to BTC, ETH, and more. The platform also allows you to buy event contracts on a wide variety of propositions relating to technology, climate, and entertainment. This makes the site an ideal tool for first-timers.

All you have to do is answer Yes or No to questions about future events. The price ranges from $0.01 to $0.99 and is updated in real time, giving you the chance to sell or buy a contract at any time. The website is regulated by the Commodity Futures Trading Commission (CFTC), a US-based regulatory body that works to ensure integrity in the derivatives trading industry.

Generally, Kalshi is quick and easy to use because of the simple navigation and the built-in comprehensive guide. You can also download an app for an Android or iPhone smartphone so that you can play from anywhere, anytime.

Polymarket – One of the first prediction market platforms

Established in 2020 and based in Manhattan, New York, Polymarket serves up a comforting number of crypto-related prediction contracts, particularly concerning thresholds. You get to forecast peak prices for major coins or market caps for startup currencies like Lighter. For flexible liquidity, you can pick markets concluding in 15 minutes, 1 hour, a day, a week, or a month.

And just like Kalshi, this site uses simplified Yes or No propositions. The site also presents sports prediction contracts to spice things up. You can get started on Polymarket in a jiffy, and you can fund your account via cryptocurrency on Coinbase and Moonpay or through credit cards. The best part is that the predictions trading app does not charge additional fees on deposits and payouts.

Another aspect that makes Polymarket stand out is its Liquidity Rewards program. Here, you can collect incentives just by making trades on the app. Polymarket is an ideal platform for pro-traders with interests in major crypto coins. You can follow socials to get interesting insights on various events from an active community of like-minded users.

Which crypto prediction sites are worth a try?

Understandably, it’s very easy for users to get excited instantly. However, we can’t overstate the importance of carrying out an intensive comparison of the available websites. Here are some features we consider when ranking crypto prediction sites.

Steps to unlocking your crypto prediction trading experience

Once you’ve picked the suitable site, getting started at crypto prediction markets is easy. You can follow these steps to sign up and start trading.

1. Click the banners on this page to visit a prediction market website.

2. Create an account using your email and password. Alternatively, you can sign up via Google or Apple.

3. Complete the account registration by submitting your birth date, phone number, and other personal details.

4. Activate 2 Factor Authentication, then make a deposit

5. Research and pick prediction markets that appeal to you the most and buy contracts.

6. Wait for the price to appreciate or for the market to conclude and cash out.

Crypto prediction markets pros & cons

Here are the key advantages and disadvantages of using crypto prediction market apps.

Pros and Cons

• Availability of high-tech tools
• Smart contracts provide transparency
• Engaging data-based forecasting
• Safe transactions with cryptocurrency

• Trading system somewhat complex for beginners

A wealth of trading options with a transparent system

Prediction markets have a transparent system so that you buy contracts or shares based on the outcome of a future event, such as the rise or fall of a specific coin. If the price moves up, you can sell the contract at a profit. Some of the common options for event contracts include forecasting market caps for new crypto currencies or trading contracts tied to Bitcoin price fluctuations.

Click the banners on this page to join prediction apps such as Polymarket and Kalshi and start trading event prediction contracts.

Discover our must-see crypto prediction market sites

Crypto prediction markets FAQ