Centralized vs Decentralized Prediction Markets

Compare centralized and decentralized prediction market platforms. Understand trade-offs between regulation, custody, and access.

Understanding the Trade-offs

Centralized platforms like Kalshi offer regulatory compliance and fiat on-ramps, while decentralized platforms like Polymarket provide permissionless access and self-custody. Each approach has distinct advantages.

  • Centralized - CFTC-regulated, fiat deposits, KYC required, US-legal options
  • Decentralized - Permissionless, crypto-native, global access, self-custody
  • Custody - Centralized holds your funds; decentralized uses smart contracts
  • Market creation - Centralized platforms curate markets; decentralized allow open creation

Explore decentralized platforms or US-regulated platforms.

Betmoar.fun

Betmoar.fun

High-volume gamified interface for prediction market trading.

Trading Interface
847Est. 2025
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PolyTraderPro

PolyTraderPro

Professional-grade trading terminal for prediction markets.

Trading InterfaceAnalytics
623Est. 2025
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Stand.trade

Stand.trade

Mobile-optimized prediction market trading platform.

Trading Interface
512Est. 2023
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99c

99c

Advanced trading platform for prediction markets.

Trading InterfaceAnalytics
584Est. 2025
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Onyx Terminal

Onyx Terminal

Professional trading terminal for prediction markets.

Trading InterfaceAnalytics
391Est. 2025
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Polymtrade

Polymtrade

Native mobile app terminal for prediction markets.

Trading Interface
356Est. 2025
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Based

Based

Simplified prediction market interface for crypto natives.

Trading Interface
672Est. 2025
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Rainbow

Rainbow

US LEGAL

Wallet-integrated prediction market interface.

WalletTrading Interface
756Est. 2020
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Olympus

Olympus

DAO governance and prediction market tooling.

DeFiTool
289Est. 2023
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PolyFund

PolyFund

Managed fund structure for prediction market assets.

DeFiInvestment
367Est. 2025
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Sharpe Terminal

Sharpe Terminal

Institutional-grade risk management terminal.

Trading InterfacePro Tool
589Est. 2025
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Matchr.xyz

Matchr.xyz

Independent frontend for decentralized betting.

Trading Interface
312Est. 2025
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polyoptionz

polyoptionz

Advanced derivatives and options interface.

Trading InterfacePro Tool
345Est. 2025
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Tator Trader

Tator Trader

US LEGAL

Conversational AI assistant for crypto trading.

Trading InterfaceAI
756Est. 2025
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humanplane.com

humanplane.com

US LEGAL

Human-centric prediction interface.

Trading Interface
345Est. 2025
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FortunaProtocol

FortunaProtocol

Decentralized prediction market protocol.

DeFiInfrastructure
467Est. 2025
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C

Clutch Exchange

Trade livestreams

SocialTrading Interface
267Est. 2025
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K

Kalshinomics

US LEGAL

Prediction markets, simplified. Clean tables, fast filters, curated markets

Trading InterfaceAnalytics
578Est. 2025
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Z

Zeit Finance

Turns prediction markets into perpetual assets

DeFiPro Tool
234Est. 2025
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P

Prediction ETF

Prediction Market ETFs. Invest in trends instead of betting on beliefs

InvestmentDeFi
378Est. 2025
View →
C

Clutch Bet

Sportsbetting app powered by Polymarket that lets you combine multiple bets into a single one

Trading InterfaceMarket Maker
389Est. 2025
View →
A

Axiom Terminal

Axiom-style Trading Terminal for Prediction Markets

Trading InterfacePro Tool
623Est. 2025
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P

Prediction Terminal

US LEGAL

Data Analytics and Trading Platform for Prediction Markets

Trading InterfaceAnalytics
589Est. 2025
View →
P

Polymarket Terminal

Building Polymarket all-in-one terminal. Discover Analyze and Trade

Trading InterfaceAnalytics
467Est. 2025
View →
S

Simple Copy Trading

The most user-friendly Polymarket copy trading app. Simple, powerful, and built for everyone — from first-time bettors to seasoned traders

Trading BotTrading Interface
634Est. 2025
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O

Onsight Telegram

Onsight is the seamless prediction market trading tool, allowing you to participate in any market directly from Telegram

Trading BotTrading Interface
312Est. 2025
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S

Stack Bet

Stack Polymarket predictions into one leveraged bet, or be the bookie and pick which odds you back

Trading InterfaceMarket Maker
387Est. 2025
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P

Prediction Funds

Create or Invest in Prediction Funds

InvestmentDeFi
367Est. 2025
View →
L

Layer 2 Prediction

The layer 2 for prediction finance

InfrastructureDeFi
334Est. 2025
View →
T

Trading Analytics Platform

US LEGAL

Analytics platform focused on trading and data on Polymarket

AnalyticsTrading Interface
456Est. 2025
View →
M

Mobile Trading Terminal

The first mobile trading terminal for Polymarket with AI-powered insights

Trading InterfaceAI
634Est. 2025
View →
P

Polyverse Options

Bringing the power of options to the Polyverse

Pro ToolTrading Interface
423Est. 2025
View →
L

Limitless

High-volume prediction market exchange on Base with CLOB order matching and deep liquidity.

Trading Interface
380Est. 2024
View →
S

SX Bet

Sports-focused prediction market on SX Rollup with $1B+ volume and CLOB matching.

Trading Interface
350Est. 2022
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P

Probable

High-volume prediction market on BNB Smart Chain with $2.8B in trading volume.

Trading Interface
400Est. 2024
View →
M

Myriad Market

Multi-chain AMM prediction market supporting BNB, Abstract, and Linea networks.

Trading InterfaceDeFi
290Est. 2024
View →
X

XO Market

AMM-based prediction market on XO Chain with $130M+ in trading volume.

Trading Interface
240Est. 2024
View →
F

Football.fun

Sports prediction market on Base with $94M+ volume and scalar outcome betting.

Trading InterfaceSocial
220Est. 2024
View →
F

Fliq

Binary prediction market on Aptos with CLOB matching and $36M+ volume.

Trading Interface
180Est. 2024
View →
M

Manifold

US LEGAL

Community-driven prediction market platform with play money and a massive user base.

Trading InterfaceCommunity
650Est. 2022
View →
P

PredictIt

US LEGAL

CFTC-regulated US prediction market focused on political events and elections.

Trading InterfaceResearch
500Est. 2014
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F

Futuur

Off-chain prediction market with CLOB matching covering global events and politics.

Trading Interface
200Est. 2021
View →
H

Hedgehog Markets

Solana-based prediction market with AMM and CLOB hybrid order matching.

Trading InterfaceDeFi
150Est. 2022
View →
A

Azuro

Decentralized sportsbook protocol powering prediction apps across EVM chains.

InfrastructureTrading Interface
280Est. 2022
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O

Overtime

Multi-chain sportsbook on Base, Arbitrum, and Optimism with binary and scalar markets.

Trading InterfaceDeFi
220Est. 2022
View →
Z

Zeitgeist

Prediction market protocol on Polkadot with categorical and scalar markets.

Trading InterfaceInfrastructure
160Est. 2021
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D

DraftKings Prediction

US LEGAL

Prediction markets from DraftKings, the major US fantasy sports and betting platform.

Trading Interface
380Est. 2024
View →
P

Precog

LMSR-based prediction market on Base with binary and categorical outcome trading.

Trading Interface
130Est. 2024
View →
T

Triad

Solana-based prediction market with CLOB order book and fast settlement.

Trading Interface
140Est. 2024
View →
R

Rain

AMM-powered prediction market on Arbitrum for binary and categorical events.

Trading InterfaceDeFi
110Est. 2024
View →
9

9lives

AMM prediction market on Superposition chain with binary and categorical markets.

Trading Interface
100Est. 2024
View →
T

TimeLess

CLOB prediction market on BNB Smart Chain with binary outcome trading.

Trading Interface
105Est. 2024
View →
T

Truemarkets

CLOB-based prediction market on Base with binary outcome markets.

Trading Interface
108Est. 2024
View →
K

Kairos

Bitcoin-native prediction market with AMM liquidity for binary and categorical events.

Trading Interface
95Est. 2024
View →
T

Tradefox

Trading terminal and aggregator for Polymarket with $2M+ in routed volume.

Trading InterfaceAnalytics
260Est. 2024
View →
A

Augur

Pioneer decentralized prediction market protocol and oracle on Ethereum.

InfrastructureTrading Interface
420Est. 2015
View →
K

Kiyotaka

AI-powered trading terminal for Polymarket with intelligent market analysis.

Trading InterfaceAI
190Est. 2024
View →
F

Flipr

Trading terminal and bot for Polymarket with automated execution features.

Trading BotTrading Interface
170Est. 2024
View →
O

Okaybet

Prediction market aggregator and trading terminal across multiple platforms.

Trading InterfaceAnalytics
160Est. 2024
View →
N

Nexus Tools

New trading terminal for Polymarket with advanced analytics and execution.

Trading InterfaceAnalytics
80Est. 2025
View →

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