Here's a closer look at the categories of funding options you'll come across while using prediction market apps, and where each one tends to fit best.
Banking
ACH transfers move money directly between your bank account and your prediction market balance. ACH is the default for most regulated platforms since it's free and handles both directions well.
- ACH Transfer
- Wire Transfer
MORE: ACH Banking at Prediction Markets
Wire Transfer
Wire transfers are the go-to payment method for those looking to move money in large quantities, with some of the biggest minimums in the game. So if you're looking to deposit or withdraw large sums, wire transfer is your best bet.
MORE: Wire Transfer at Prediction Markets
Cards
The convenience of using your debit card or credit card extends to prediction market banking options as well. Just enter your card number, CVV code and expiration date and you'll be able to fund your account.
MORE: Debit Cards at Prediction Markets
e-Wallets
PayPal and Venmo show up on some, but not all, prediction market platforms. Where they're supported, they're often the fastest way to get money out, frequently settling in a couple of minutes rather than days.
MORE: PayPal at Prediction Markets / Venmo at Prediction Markets
Mobile Wallets
Apple Pay and Google Pay pull from a debit card already linked to your phone, which makes them a quick option for a first deposit without typing in card numbers. Support for both is inconsistent across platforms, so check before assuming yours has them.
MORE: Apple Pay at Prediction Markets / Google Pay at Prediction Markets
Crypto and Digital Payments
This is where prediction markets diverge most from sportsbooks and casinos. USDC functions as the trading collateral on crypto-first platforms, and deposits made in other supported tokens are typically converted automatically once they land. For traders who don't already hold crypto, on-ramp partners like Coinbase or MoonPay let you buy in with a card or bank account and route straight into a usable balance.
MORE: Crypto at Prediction Markets / Coinbase at Prediction Markets