Despite recent attempts, the Peach State is one of just 11 states without some level of legalized sports betting. Because of that, prediction markets in Georgia are a popular way to trade sports contracts as well as other markets. Since prediction markets are federally regulated, these platforms are legal to use across the state.
Below, you'll find the best Georgia prediction market apps available today.
Prediction Markets in Georgia
While there are several choices, we believe these prediction market apps in Georgia stand out above the competition:
Novig
If you're only looking at prediction markets in Georgia for sports contracts, Novig should be near the top of your list. Prior to its newly launched prediction market app, Novig operated as a peer-to-peer betting exchange and "sweepstakes" site. You'll find trading options for player statistics, game outcomes, futures markets, and other sports-related events.
If you're a new user and tap "PLAY NOW" on the image below, you can get a $25 trading bonus just for depositing $10 or more.
ProphetX
Similar to Novig, ProphetX is focused solely on sports event contracts. You'll find an extensive list of markets spanning US and international sports, including the ability to trade on game winners, spreads, player props, and more.
Get started with our ProphetX promo code ROTOWIRE to get $20 after signing up and trading $10.
Polymarket
Polymarket is one of the most widely traded on platforms by volume and offers a wide range of markets including political events, sports outcomes, and crypto developments. It is a peer-to-peer prediction market platform built on blockchain technology. Polymarket's decentralized model appeals to users seeking alternatives to traditional financial platforms.
Sign up with our Polymarket promo code ROTOWIRE to get a $50 trading bonus after depositing $10. Since Polymarket is built on blockchain, you can only use specific cryptocurrencies to move funds in and out of your account.
Kalshi
Kalshi is one of the longer-standing Georgia prediction markets, as it has operated as a CFTC designated contract market (DCM) since November 2020. The platform specializes in event markets across politics, weather, economics, sports, and current events.
Users trade contracts based on whether a specific event will or will not occur. Kalshi markets generally use "Yes" and "No" contracts that settle according to predetermined rules and identified resolution sources.
Get started with our exclusive Kalshi promo code ROTOWIRE to get $25 after trading $25.
OG.com
OG.com (also called OG Markets) offers event contracts across diverse categories and has straightforward fee structures. The creators have focused on trading on various outcomes without the complexity of some competing platforms. The interface is designed to be beginner-friendly while offering advanced features for experienced traders.
New users can take advantage of the OG.com promo to trade $10 and get $10 today.
How to Sign Up for a Georgia Prediction Market
Although the process differs by platform, users can generally follow these steps:
1. Compare Platforms
What each Georgia prediction market app offers will vary much more than traditional online sportsbooks, so it's always a good idea to compare things like available markets, trading fees, deposit methods, and how contracts are resolved.
2. Create an Account
After you've picked the Georgia prediction market app(s) you want to try out, head to the official website or download the app to create an account. Part of registering includes providing self-identifying information, and you'll have to type in things like your birthdate, address, social security number, etc.
You may also have to submit additional documentation, such as uploading a picture of a government-issued photo ID.
3. Fund Your Account
Choose an available payment method and make your first deposit. I always recommend only depositing an amount that you'd be okay with it going to zero. Never overextend yourself financially, regardless of how confident you are in your trades.
The available methods differ by platform but may include bank transfers, wire tansfers, debit cards, e-Wallets, crypto, and more.
4. Place Your First Trade
Browse the available markets and select an event contract.
Choose the outcome you believe will occur, review the current contract price, and enter the amount you want to trade. Check all potential costs and settlement terms before submitting the order.
Additionally, be sure to follow minimum deposit or trade amounts if you're taking advantage of any prediction market bonuses.
What Can You Trade on Prediction Market Apps in Georgia?
Prediction markets can offer contracts across a wide range of subjects. Available categories depend on the platform and its current product listings.
Political and Election Markets
Political prediction markets can include contracts involving markets like presidential elections, cabinet appointments, policy and legislative decisions, congressional races, and more. Not every GA prediction market app will offer political markets, and some have more options than others.
Sports Markets
Sports event contracts can include markets such as game winners, player statistics, the number of total points scored, division winners, conference winners, championship outcomes, awards, and others.
These contracts are the ones that have caught the attention of legislators across the country because of how closely they resemble the markets found on traditional sportsbooks. However, federally regulated platforms characterize them as derivatives contracts traded through CFTC-regulated exchanges.
Sports event contracts remain legally contested by several states and tribal gaming interests, including in Georgia. For the time being, however, fans have access to things like MLB prediction markets, NFL prediction markets, and other sports.
Crypto and Financial Markets
Financial and cryptocurrency markets can involve things like cryptocurrency price levels, Federal Reserve decisions, interest rates, inflation figures, employment reports, and more.
Contract settlement is generally tied to a specified data source and deadline.
Entertainment and Current Events
Other markets may cover:
- Film and television awards
- Music releases
- Technology milestones
- Weather events
- Company announcements
- Scientific developments
- Other measurable real-world outcomes
Market availability can change frequently as platforms list new contracts and resolve completed events.
How Do Prediction Markets Work?
Prediction markets allow participants to buy and sell contracts tied to the outcome of future events. A typical market presents a clearly defined question with two possible outcomes, such as "Yes" or "No."
For example, a contract might ask whether a particular team will win a game. A trader who believes the event will occur can purchase the "Yes" side, while someone expecting the opposite result can purchase or trade the "No" side.
A typical contract settles at:
- $1 if the selected outcome occurs
- $0 if the selected outcome does not occur
A contract trading at $0.70 is commonly interpreted as carrying an implied probability of approximately 70%.
That figure is not necessarily a precise prediction. Contract prices can also be influenced by:
- Market liquidity
- Supply and demand
- Trading activity
- Available information
- Participant behavior
- Platform fees
- Market structure
Some platforms allow users to sell a position before the market settles. The user may realize a gain or loss based on the price at the time of sale. As an example, let's say you bought a team to win the Super Bowl at $0.10 at the beginning of the season. They get off to a hot start and in the middle of the season that same market moves to $0.20 per contract. You would have a "gain" and could sell shares for a profit if you decide to.
Tips for Users New to Georgia Prediction Market Apps
Review each contract carefully before trading. Pay particular attention to the exact wording of the question, closing time, settlement conditions, and designated resolution source.
Start with small amounts while learning how contract prices and order types work. A position can lose its full purchase price if the selected outcome does not occur.
Other things to take note of and/or understand:
- Review all trading and withdrawal fees
- Understand whether a position can be sold early
- Check whether the market has sufficient liquidity
- Keep account and tax records
- Never trade more than they can afford to lose
Prediction markets involve financial risk and are not appropriate for everyone.
