Betting on elections is one of the most popular markets for political betting and trading, with a variety of ways to get in on the action. This page will detail and break down everything there is to know about Election Betting Odds, including how to legally bet on elections in the US, as well as the best election betting sites.
Election Betting Odds: Bet on Elections in the US
As prediction markets continue to rise in popularity, so too does the interest in politics betting in the US. While it’s technically not the same action as betting on sports with online sportsbooks, prediction markets give users the ability to take monetary positions on political outcomes like election odds.
These prediction market platforms are federally regulated by the Commodity Futures Trading Commission (CFTC), so it’s completely legal and safe to trade event contracts for election betting odds to win real money prizes. Prediction markets with election odds are legal nationwide, and platforms like Kalshi are currently available in over 40 states.
New users can claim the Kalshi Promo Code FEDNEWS when they register for an account to claim a $10 sign-up bonus after completing $100 in trades.
Best Election Betting Sites
There are several prominent election betting sites available for users to legally trade on election odds and outcomes in the US. Popular apps include Kalshi, Robinhood, and PrizePicks for US-based users. Polymarket is available outside of the US for election betting and will soon be launched in a variety of states throughout the US, providing another federally regulated option for election markets.
The aforementioned election betting sites are available as free app downloads on iOS and Android platforms, meaning users on a variety of devices can easily access the prediction markets. New users can sign up with the linked promo code offers to score a welcome bonus when they create an account.
Kalshi
Kalshi is a legal prediction market that offers the ability for users to trade event contracts across a variety of outcomes, including election odds. There are Kalshi election betting markets for presidential elections, as well as House and Senate options, plus other state-level election outcomes. Currently available in over 40 states throughout the country, first-timers can create an account using the Kalshi promo code FEDNEWS to claim a $10 Sign-Up Bonus after completing $100 in trades on the platform.
Polymarket
After a period of being prohibited, Polymarket is now available in the US. Initially launching in a limited capacity, Polymarket is being rolled out for users who previously signed up on the waitlist in a variety of states nationwide. Branded as the world’s largest prediction market, Polymarket offers a variety of election betting odds on outcomes all across the globe. During the 2024 US Presidential Election, an anonymous user in France made over an $80M profit from betting on election odds via Polymarket, making substantial bets on Donald Trump to win the race when polling had the outcome very much still up in the air.
Robinhood
Robinhood offers event trading on election odds via Kalshi integration. With the Kalshi integration, Robinhood users can access prediction markets across several markets, including election betting odds, to buy and sell event contracts on the same platform that they hold stocks and other financial positions. As a federally regulated trading platform, Robinhood is a totally legitimate, safe, and legal place to access election betting markets.
PrizePicks
PrizePicks is now in the mix with prediction markets after announcing a crossover with Kalshi. The collaboration will allow users on PrizePicks to access Kalshi prediction markets to trade event contracts across several outcomes, including the results of elections. Having election betting odds access in PrizePicks means users can play their daily fantasy lineups for sports and still bet on elections all within the same app. New PrizePicks players can claim a terrific welcome bonus when they sign up for an account using the promo code offer.
Different Types of Election Betting Odds
There are several ways to bet on elections, with a multitude of election betting odds available on legal trading platforms. Some of the most popular election betting markets are for Presidential Election odds, as well as Congressional Election odds for the House and Senate positions. Users also have the ability to trade on state-level election betting odds, like a mayoral race, in addition to margin of victory odds for elections.
Presidential Election Odds
Presidential betting markets are among the most popular ways to trade on election outcomes, given the massive status of the event. Due to the fact that a US Presidential Election occurs every four years, users have ample opportunity to trade on election odds that are sure to fluctuate, given the always-changing political sphere within the United States. And with such a wide window for presidential election betting markets, there is also the ability for users to sell their positions for potential profit well before the election even takes place.
Congress Election Betting Odds
Election odds are available for House of Representatives and Senate races as well, giving users the ability to trade on outcomes for congressional elections. As the 2026 Mid-Term Elections come into focus, there will likely be an influx of bettors looking to take action on results for House and Senate elections all throughout the country. With all 435 House seats and 35 of 100 Senate seats up for grabs, users should have no shortage of election betting markets when it comes to congressional races.
State-Level Election Odds
State-level election betting odds are available across several platforms, with users having the ability to bet on the outcomes of gubernatorial and mayoral elections. The most recent New York City Mayoral Election was one of the most prominent events in politics, and election bettors in a variety of states had the opportunity to take a position on the outcome of the race that saw Democratic candidate Zohran Mamdani defeat Andrew Cuomo and Curtis Sliwa to become the city’s next mayor.
Election Margin of Victory Odds
One of the more niche ways to bet on election odds is by playing the margin of victory election markets. These markets are not concerned with which candidate wins the election, but rather, by how much that candidate wins the election. Election margin of victory odds are available on federally regulated prediction market platforms for a variety of markets, including state and federal elections.
How to Bet on Election Odds
There are several ways to execute trades on election betting odds, giving eligible users the ability to profit real money from election outcomes and events. Election bettors located in the US can access a variety of election markets on Kalshi, and there are multiple trade types available for them to take action on election odds.
Quick orders, sell orders, limit orders, and limit sell orders allow individuals to make requests to buy and sell election odds event contracts on the prediction market platform. Quick Orders and Sell Orders are executed immediately, making them the easiest way to trade on election odds. Limit Orders allow for slightly more user control of the timing and price of each trade executed on the platform. Quick Orders and Sell Orders carry small transactional fees, and Limit Orders/Limit Sell Orders are only charged fees for trades that are executed immediately.
Quick Order
Quick orders present the easiest method for users to participate in election betting, as they can trade event contracts instantly at the best available prices. Users simply stake a yes/no side of the election betting odds in question, select the quantity of contracts they wish to purchase, and the order will automatically buy all the cheapest contracts available for that position. It’s possible that not every single ocntrat in the order will be purchased at the same price, depending on the quantity. This is because there may only be a limited amount of contracts for those election odds available at the given price. Even if not all the contracts in the order are purchased at the same price, they are still the cheapest available positions.
Sell Order
Sell orders are the opposite of a Quick (Buy) Order, giving users the opportunity to sell their (owned) event contracts for a potential profit. All sell orders are transacted at the best available price (same as users executing quick buy orders). Sell orders are executed immediately, so there’s no need to wait around for the transaction to be completed.
Limit Order
With a limit order, election bettors have slightly more control over their political event contract trades. Limit orders allow users to select the exact price at which they wish to purchase event contracts, and this is available for election odds. Due to the fact that the user is setting a specific price for the purchase, there is no guarantee that the trade(s) will be executed immediately, or at all. This is because there might not be buy orders available at the requested sell price.
Limit Sell Order
Limit sell orders are the inverse of limit orders, and allow users to sell their positions at set prices. Just like with limit orders, there is no guarantee that the limit sell order will be executed immediately or even at all, due to the buy orders requested for that specific election betting market. On Kalshi, any limit sell orders that are not executed within a certain timeframe become resting orders (exempt from transactional fees), which users are then able to trade with.
Election Betting Odds FAQ
Is it legal to bet on elections in the US?
Yes, prediction markets offer federally regulated (by the Commodity Futures Trading Commission) election betting odds on a variety of outcomes at both the federal and state levels.
Where can I access election betting odds?
Election betting odds are available to legally trade on prediction market platforms like Kalshi, Polymarket, Robinhood, and PrizePicks.
What are the best new user promo codes for election betting sites?
New users can claim the promo code FEDNEWS on both Kalshi and Novig to score a welcome bonus when they get started on prediction market platforms. Kalshi offers election betting odds and political markets for a number of fields and outcomes.
What is the minimum age for betting on elections?
The minimum age for most federally regulated prediction market platforms in the US is 18 years old. On these platforms, users can trade event contracts for election odds and results.
What kinds of election odds can I bet on?
Election betting is available for Presidential Elections, House of Representatives and Senate Elections (Congress), State-Level Elections (Mayor and Governor), as well as margin of victory election betting odds.
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