versus vs PredictIt: Which Prediction Market Is Better for You?

This comparison is for adults in the UK. versus is a prediction market app licensed by the UK Gambling Commission. PredictIt is a US platform best known for political markets. Below are the facts about versus and the questions to check in PredictIt's current terms, so you can decide which fits you.

Markets and how prices work

versus has markets across politics, finance, sport, AI, crypto and entertainment. PredictIt is best known for political markets. What it lists can change, so check PredictIt directly for its current range.

On versus, prices run from 0p to 100p, and a price is the market's probability estimate. Say a market trades at 62p: the market puts the chance of that outcome at about 62%. A winning contract settles at 100p and a losing one at 0p.

A price is an estimate, not a promise. An outcome priced at 62p can still fail to happen, and you can lose the whole amount you put into a position. On versus, your loss can never exceed that amount: there is no leverage and no margin call.

Every versus market names the source that settles it before you trade, so you know in advance how the result will be decided. When you compare platforms, check that each market says how it will be settled.

Pricing and fees

On versus, the only fee on a trade is a transaction fee of 2% of the stake. It is added on top of the stake, has no cap and is shown before you confirm. Deposits and withdrawals are free within normal limits.

Say you put £10 into a position. The fee is 2% of £10, which is 20p, so the total cost is £10.20.

PredictIt sets its fees in its own terms, and those can change, so check its current terms. For any platform, look at what is charged on a trade, on deposits and on withdrawals, whether there is a cap, and whether the full cost is shown before you confirm.

Ease of use and access

You can use versus on iPhone through the App Store app "versus | Prediction Markets", on Android through a direct download from versusapp.com, or in a web browser. You can see current markets on the predictions page, and how it works explains the basics.

Access also depends on where you live. In Great Britain, operating these markets without a UK Gambling Commission licence is not legal. versus is licensed under account 101143, and you can check any operator on the Commission's public register.

Polymarket and Kalshi, for example, block UK users and are not licensed in the UK. Using a VPN to reach them puts you outside their terms and outside UK protection. For PredictIt, check its current terms to see who can open an account and which devices it supports.

Selling, settlement and withdrawals

On versus, you do not have to wait for the result. While a market is open, you can sell your position at the current price. That price may be higher or lower than what you paid.

Each market settles against the source it named before you traded, and settlement is in ordinary money, not cryptocurrency.

Before your first withdrawal, you verify your identity with a photo of a government ID and a selfie. This is required under anti money laundering law and usually clears in minutes. Withdrawals go back to the method you deposited with. Timings depend on that method and are shown in the app.

For PredictIt, check its current terms for how markets are settled and how withdrawals work.

Support, complaints and safer play

Answers to common questions are on the FAQ page, and the terms set out the full rules. On versus, customer money is held separately from company money, and complaints have an independent route.

The versus app includes Safer Play tools: deposit limits, loss limits, reality checks, time out, self exclusion and GAMSTOP. You can find out more on the safer play page.

For PredictIt, check its current terms for support, complaints and the tools it offers to manage your spending.

Which is better for you?

There is no single answer. If you are in Great Britain, start with the licence. Then compare fees, settlement rules, whether you can sell before the result, and the tools each platform gives you to manage your spending. Only put in money you can afford to lose.

FAQ

Is versus licensed?

Yes. versus is licensed by the UK Gambling Commission under account 101143. You can check this on the Commission's public register.

What fees does versus charge?

A transaction fee of 2% of the stake, added on top of the stake, with no cap. It is shown before you confirm and is the only fee on a trade. Deposits and withdrawals are free within normal limits.

Can I use PredictIt for non-political predictions?

PredictIt is best known for political markets. What it lists can change, so check PredictIt directly. versus has markets across politics, finance, sport, AI, crypto and entertainment.

18+ only. Trade responsibly. BeGambleAware.org and GAMSTOP.