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Polymarket vs PredictIt: Which Should You Use?

The definitive comparison between the crypto-native prediction market and the OG platform. See why serious traders are making the switch.

Note: PredictIt's future is uncertain due to ongoing CFTC regulatory challenges. Consider this when choosing your primary prediction market platform.

⚡ Quick Verdict

Choose Polymarket if:

  • You want much lower fees (up to ~1.8% vs PredictIt's 15% effective fee)
  • You want to trade without $850 position limits
  • You want to copytrade whales via Polyfollow

Choose PredictIt if:

  • You're in the US and need full regulatory compliance
  • You prefer traditional banking (no crypto)
  • You only trade small positions (<$850)

Head-to-Head Comparison

Feature
Polymarket
PredictIt
Winner
Trading Fees
0-1.8% (dynamic)
10% on profits
POLYMARKET
Position Limits
No limits
$850 max
POLYMARKET
Market Selection
500+ markets
50-100 markets
POLYMARKET
US Access
Restricted
Full access
PREDICTIT
Withdrawal Fees
0%
5%
POLYMARKET
Copytrading
Yes (Polyfollow)
No
POLYMARKET
Liquidity
Very High
Low-Medium
POLYMARKET

Fee Breakdown: $1,000 Profit Example

See how fees impact your actual take-home profit on a $1,000 winning trade:

Polymarket + Polyfollow
Gross Profit$1,000
Trading Fee (~1% avg)-$10
Polyfollow Fee (1-3%)-$10 to $30
You Keep$960-$980
PredictIt
Gross Profit$1,000
Profit Fee (10%)-$100
Withdrawal Fee (5%)-$45
You Keep$855

Copytrading: The Polymarket Advantage

PredictIt doesn't offer copytrading. With Polyfollow, you can automatically copy trades from proven whales who consistently profit on Polymarket.

Start Copytrading

Frequently Asked Questions

Is Polymarket better than PredictIt?

For most traders outside the US, Polymarket is significantly better. Even with dynamic taker fees (up to ~1.8% at 50/50 odds), it's far cheaper than PredictIt's effective 15% fee (10% profit + 5% withdrawal). Polymarket also has no position limits (vs $850 max) and 10x more market selection. PredictIt's only advantage is full US legal access.

Why does PredictIt have position limits?

PredictIt operates under a CFTC no-action letter that limits individual positions to $850 per contract. This was a regulatory requirement to operate legally in the US without full exchange registration.

Can I copytrade on PredictIt like Polyfollow?

No, PredictIt does not offer copytrading features. Polyfollow is exclusive to Polymarket, allowing you to automatically mirror trades from successful whales with proven track records.

Which has better election markets?

Polymarket has significantly better election markets with higher liquidity, tighter spreads, and more diverse options. The 2024 US election markets on Polymarket had billions in volume compared to PredictIt's millions.

Is PredictIt shutting down?

PredictIt faced regulatory challenges and was ordered to wind down by the CFTC, though this was later paused by court action. Its future remains uncertain, making Polymarket a more stable long-term option.