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18+ (21+ in certain states). You must meet the applicable age and location requirements to open an account or trade event contracts. Availability varies by operator, product and jurisdiction.

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Prediction market learning guides

Understand event contracts, prices, fees, and the source rules behind a market before comparing products.

Writer: Ian St. ClairEditor: Mike EpifaniUpdated 2026-11-13
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Start with the contract

A useful starting point is the question a contract resolves, its deadline, and its designated source. Then examine how the venue displays prices and what information may be missing.

Move from concepts to product research

Our operator research applies these questions to specific products. Keep product identity, eligibility, transaction costs, and funds availability separate when comparing them.

A practical reading order

New to event contracts? Begin with prediction-market basics, then learn what a price-derived probability means. Read the resolution guide before comparing two contracts about the same event.

If you already understand the mechanics, use the venue-difference guide to check the reason a comparison may be incomplete. The calculator tools let you inspect your own assumptions; they do not supply a forecast or choose a position.

Sources and citation

Read the editorial policy for our approach to evidence, commercial relationships, and corrections. Product-specific sources appear alongside the claims they support.

PlayPicks analysis is original synthesis. Linked provider documents remain the primary source for their own contract terms.

Important information

In the United States, certain event contracts are offered through Designated Contract Markets (DCMs) subject to oversight by the Commodity Futures Trading Commission (CFTC). Regulatory arrangements and product availability differ between platforms and jurisdictions. CFTC oversight does not constitute approval or endorsement of any particular contract. Event contracts are derivatives products, not sports betting or gambling products, and are not licensed by any state gaming or gambling regulator.

Trading event contracts involves substantial risk of loss. You may lose some or all of the funds you use to trade. Past results do not guarantee future outcomes.

Nothing on this page constitutes investment, trading, or legal advice, or a recommendation to buy or sell any contract. Content is for general informational purposes only.