Everyone is wondering: how to bet on Polymarket in the US?
We have bad news…you can’t.
Polymarket is prohibited from giving US-based customers access to their betting markets. Some Americans have gone the extra step, using a VPN to bet on Polymarket. However, even that is getting more difficult as the company has promised to crack down on US users.
Now for the good news. There is a legal, regulated alternative to Polymarket on which Americans can bet on the 2024 US election and seemingly everything.
Even though you can’t bet on Polymarket, you can bet on Kalshi.
Kalshi is accessible to US citizens who are 18 years or older and have a residential address in one of the 50 states or US territories, such as the Virgin Islands.
The best part? Kalshi is giving a $20 bonus to new users who sign up and deposit $100 or more. Get started with this link.
How to Bet on Polymarket Kalshi in the US
For those disappointed that they can’t bet on Polymarket, there’s no reason to fret. Kalshi has a vast amount of election betting odds, plus so much more.
If politics aren’t your thing, you can bet movies’ Rotten Tomato scores, top Spotify songs, Oscar predictions, the weather, and even Costco hot dog prices. There’s something for everyone.
You can start making informed predictions and wager money on real-world events by following a few simple steps.
Here’s how to get started:
- Click here to sign up
- Find the green “Sign up” button in the top right corner of the home page (or download the app if you’re on mobile)
- Provide your personal information (email, name, address) and create a unique username
- Fund your account using one of the many available deposit methods: bank account, Apple Pay, debit card, cryptocurrency, or wire transfer
- Choose a market and make your first prediction by buying ‘YES’ or ‘NO’ contracts!
That last part might sound a little confusing if you’re used to traditional betting. Prediction markets like Polymarket and Kalshi function more like a stock market but for event contracts.
How Betting on Polymarket and Kalshi Works
Event contracts are futures contracts priced anywhere between $0 and $1. So let’s say you want to bet on Donald Trump to win the election, who is currently priced at $0.56. If you bet $100, you would buy 178 contracts and the payout would be $178, netting $78 in profit.
It sounds more complicated than it is, as Kalshi makes the entire process seamless and intuitive. Check out the screenshot below.
Simply enter the amount you want to risk, and Kalshi will show you the number of contracts you’re purchasing and the potential payout.
The best thing about betting on sites like Polymarket and Kalshi is that you can actually cash out for a profit before the event’s outcome is determined.
For example, if Donald Trump’s price surges to $0.75 by Election Day, you can sell your shares to other Kalshi users for a 33% return on your investment. That’s what makes these a lot like stocks.
Best US Election Betting Site
Remember, if you are in the United States, you cannot bet on Polymarket, but you can bet on Kalshi.
Kalshi is undoubtedly the best election betting site for US citizens, but it’s not the only one you can access.
There’s also PredictIt, which has fewer available markets.
Another downside, if you’re comparing PredictIt vs. Kalshi, is that PredictIt’s election prices include fees. If you want to bet on the best presidential odds, Kalshi is the destination.
Then there’s ForecastEx and Robinhood. The former has a tedious sign-up process, while Robinhood doesn’t allow you to sell your shares before the event ends. If you bet on Robinhood, you will be locked into your position until the president is certified in January!
Click here to start betting on the election with a $20 bonus on Kalshi.
