Editorial methodology
How we test prediction-market platforms
Every rating on this site is anchored in a real-money test pass run by a named California-based editor. This page is the public record of how we do it, what we measure, and how often we re-verify.
Test trades placed
93+
Last re-verified
2026-09-07
Test-trade capital
Our own
The five-step test pass
- Signup & KYC. A California-based editor creates a fresh account on the platform's primary surface (web or iPhone app), using a real California ID. We record the steps, time-to-approval, and any blockers a CA reader would hit.
- Deposit. We fund the account with our own money, typically $50-$100, through every funding rail the platform supports (card, ACH, USDC, etc.) and record fees, holds, and time-to-trade.
- Place fills. We place at least three real-money trades across the platform's flagship categories (sports, macro, politics, entertainment) and record fill speed, slippage, and any rejections.
- Hold & settle. We hold at least one position to settlement and verify payout accuracy against the platform's stated rules and the underlying real-world event.
- Withdraw. We withdraw the balance back to the original funding source (or to a wallet, for on-chain platforms) and record total round-trip time and any frictions.
What we measure (and weight)
- Legality & regulation (25%): CFTC oversight, state availability, KYC standard, age-gating, and California-specific availability.
- Fees & fills (25%): All-in trading fees, deposit/withdrawal fees, fill quality on the markets we tested.
- Market breadth & liquidity (20%): Number of live markets, depth on the top contracts, and the categories that matter to CA readers (sports, climate, politics).
- Funding & withdrawals (15%): Supported rails, round-trip time, holds, and per-rail fees.
- Product quality & support (15%): App stability, web UX, support response time on a real test ticket.
How often we re-verify
Every platform we cover is re-verified on a rolling basis: at minimum once per quarter, and immediately whenever a platform changes its fee schedule, KYC flow, state availability, or bonus terms. Each re-verification updates the "Last verified" line you see on every platform page, the dated review schema, and the test-trade counter above.
- crypto com· 16 test trades · last verified September 6, 2026 · Catie Di Stefano
- kalshi· 31 test trades · last verified September 7, 2026 · Marcus Chen
- polymarket· 11 test trades · last verified September 6, 2026 · Catie Di Stefano
- prophetx· 8 test trades · last verified September 7, 2026 · Catie Di Stefano
- novig· 9 test trades · last verified September 6, 2026 · Catie Di Stefano
- rebet· 6 test trades · last verified September 7, 2026 · Catie Di Stefano
- sleeper· 4 test trades · last verified September 6, 2026 · Marcus Chen
- chalkboard· 3 test trades · last verified September 7, 2026 · Marcus Chen
- robinhood· 5 test trades · last verified September 6, 2026 · Marcus Chen
Conflict-of-interest policy
We earn commissions when readers sign up to platforms through links on this site: see our full affiliate disclosure. Commercial relationships do not influence ratings, rankings, or what we publish about a platform. Specifically:
- Rankings are computed from the scorecard above before any commercial conversation.
- Editors do not see CPA / revenue figures when writing or updating reviews.
- We cover platforms we do not have an affiliate relationship with, and we name them.
- We publicly downgrade or remove platforms when our test pass fails, and we say why.
See our editorial standards for the full corrections, sourcing, and AI-use policy.
Spot something off?
We publish every correction we make. Email catie@californiapredictionmarkets.com and we'll respond within two business days.
Sources & further reading
Every figure and legal claim on this page traces back to a primary source. These are the ones we checked, open them and verify us.
- Commodity Exchange Act (7 U.S.C. § 1 et seq.)
The federal statute that preempts state gambling law for event contracts.
- California Secretary of State
Official source for California ballot measures, propositions, and certified election results.
- California Attorney General: gambling in California
The state's own summary of what is and isn't legal wagering in California.
- CFTC: Commodity Futures Trading Commission
The federal regulator that authorizes and supervises every event-contract exchange we cover.
- National Council on Problem Gambling
Free, confidential help and self-assessment tools (1-800-522-4700).