Predictit is competing Polymarket. I am very happy with Polymarket so far, best entry of 2024, but I was wondering if there is any need to use Predictit complementary to Polymarket.
Any opinions will be appreciated.
Thank you.
Predictit review
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Re: Predictit review
The best approach would be to use both at the same time and see who offers the best odds at any given time.
The general idea behind predict it, is the same with Polymarket's. However, Predictit is centralised and not decentralised.
It operates with traditional fiat currencies, making it accessible to a broader audience, but at the same time it makes it more expensive, as their fees are higher compared to Polymarket (who uses USDC with almost no fees).
Predictit is more mature from a regulatory point of view, but their market caps and fees result in slightly lower odds compared to Polymarket. i believe you can use both, as many markets are not overlapping in these 2 exchanges. It seems to me, in both exchanges there is massive bot action.
The general idea behind predict it, is the same with Polymarket's. However, Predictit is centralised and not decentralised.
It operates with traditional fiat currencies, making it accessible to a broader audience, but at the same time it makes it more expensive, as their fees are higher compared to Polymarket (who uses USDC with almost no fees).
Predictit is more mature from a regulatory point of view, but their market caps and fees result in slightly lower odds compared to Polymarket. i believe you can use both, as many markets are not overlapping in these 2 exchanges. It seems to me, in both exchanges there is massive bot action.