Guides
Learn prediction markets, fast.
Editorially written, jargon-light explanations of the concepts, platforms and rules that actually matter.
Legal
Are prediction markets legal in the US?
The CFTC, the states, and the live legal questions shaping access in 2025.
9 min · Updated July 2026
Strategy
How Kalshi works
Order flow, settlement, fees and the regulatory plumbing behind the largest US exchange.
8 min · Updated July 2026
Strategy
How Polymarket works
USDC, Polygon, on-chain settlement and why US residents can't legally use it.
8 min · Updated July 2026
Beginner
What is a prediction market?
A plain-English guide to how prediction markets price the probability of real-world events.
7 min · Updated July 2026
Beginner
How event contracts work
Yes/No contracts, settlement, premiums and what "a price of 62 cents" actually means.
8 min · Updated July 2026
Comparison
Prediction markets vs sportsbooks
Why an event contract on the Super Bowl is structurally different from a sportsbook wager.
6 min · Updated July 2026
Comparison
Prediction markets vs options trading
Binary event contracts share DNA with options. Here's where they overlap and where they diverge.
6 min · Updated July 2026
Beginner
How to read prediction market odds
Reading a 47-cent Yes price, the spread, the order book and the implied probability.
5 min · Updated July 2026
Beginner
Beginner's guide to prediction markets
From your first contract to reading depth, in about fifteen minutes.
12 min · Updated July 2026