What is Rebet?
Rebet is a peer-to-peer / sweepstakes-model sports prediction (travel-only outside ca) that lets users take positions on the outcomes of real-world events: sports, politics, economics, and culture. Founded in 2022, it operates under U.S. federal commodities law, which makes it available to traders in every state, including California.
What sets Rebet apart is its positioning: social-first peer-to-peer sports prediction. travel-only: not available to california residents.. That's not marketing copy. It's reflected in the product, the markets offered, and the kind of trader who sticks around.
Is Rebet legal in California?
Yes. Rebet operates as a CFTC-regulated venue, which means it falls under federal commodities law rather than state gambling law. California's lack of a legal online sportsbook doesn't apply here. Event contracts are a different financial instrument with different regulators.
That said, the legal picture is still being contested. Some state attorneys general have challenged certain platforms; the CFTC has consistently defended its jurisdiction. For the full backdrop, see our California legality guide.
What can you trade on Rebet?
Rebet covers Social, Sports, Mobile-first, Travel-only. New markets are added weekly.
Practically, that means contracts on game outcomes, championship futures, player and team milestones, election results, Fed decisions, inflation prints, award shows, and cultural events.
How does Rebet work?
Every contract on Rebet resolves to either $1 (yes) or $0 (no). The price you pay reflects the market's implied probability - a contract at 62¢ means a 62% chance.
You don't have to hold to resolution. You can sell at any time. If the price moves to 78¢, you can lock in the gain. This is the single biggest mental shift from sportsbook betting: you're trading a price, not placing a wager. For the full mechanic, read how event contracts work.
How much does Rebet charge?
Rebet charges fees on a per-contract basis, typically a small fraction of a cent per contract or a low percentage of the trade. Compared to a sportsbook's 5-10% built-in vig, the fee structure is dramatically more transparent.
Liquidity varies by market. High-profile events like presidential elections or playoff series are deep, while niche markets can be thin. Always check the bid-ask spread before taking a position.
Rebet fees and bonuses
Rebet does not publish a traditional fee schedule. The platform makes money on the spread between contract buy and sell prices, similar to a market maker. Here is what to actually budget for:
| Fee | Amount |
|---|---|
| Deposit (debit / ACH) | Free |
| Withdrawal | Free |
| Trading spread | ~3-5% effective |
| Inactivity fee | $0 |
| Referral bonus | Up to $50 |
- Deposit (debit / ACH)
- Debit cards clear instantly. ACH 1-3 business days.
- Withdrawal
- Typically 1-3 business days.
- Trading spread
- Wider than Kalshi or Polymarket on equivalent markets. The cost of the social product.
- Inactivity fee
- No dormancy fees.
- Referral bonus
- Both referrer and referee receive credit on first qualifying deposit; promo code rules vary by state.
Rebet's bonuses change frequently. Always confirm the current promo in-app before depositing.
Marketplace · Sponsored
Open a Rebet account in under 10 minutes.
21+ · US residents only · T&Cs apply
Is Rebet safe?
Yes. Rebet is regulated by the CFTC, segregates customer funds, and is required to meet federal compliance and reporting standards.
That regulatory backstop is the single biggest reason California traders choose CFTC-regulated venues over offshore sportsbooks, which operate outside U.S. consumer protection.
Who should use Rebet?
Rebet is best for social trading while traveling, younger users in eligible states, and sports + culture mix.
If that profile fits you, Rebet earns its 4.3/5 rating and belongs in your account rotation.
Who should not use Rebet?
How does Rebet compare to Novig?
Rebet and Novig are both CFTC-regulated event-contract venues, but they target different traders. See our full Rebet vs Novig comparison.
In short: Rebet excels at social trading while traveling, while Novig is typically the default for broader U.S. coverage and brand recognition.
| Rebet | Novig | |
|---|---|---|
| Regulation | Peer-to-peer / sweepstakes-model sports prediction (travel-only outside CA) | Sweepstakes-model peer-to-peer sports prediction (Novig Coins + Novig Cash) |
| Founded | 2022 | 2021 |
| Our rating | 4.3 / 5 | 4.4 / 5 |
| Markets | Social, Sports, Mobile-first | Sports, Sharp, Peer-to-peer |
| Bonus | : | Spend $5 Get $50 in Novig Coins |
| Device | Web + iOS + Android | Web + iOS + Android |
| Best for | Social trading while traveling | Experienced sports traders traveling out of CA |
How do I sign up for Rebet?
Visit Rebet, complete identity verification (KYC), fund your account from a U.S. bank, and start trading. The full process typically takes under 10 minutes.
You must be at least 21 years old. Read terms before funding your account.
Responsible trading tools
Rebet provides deposit limits, self-exclusion options, and links to support resources. If trading stops being fun, take a break. Call 1-800-GAMBLER or visit ncpgambling.org.
Our verdict
#5. Best social-trading pick for when you're traveling out of California. Built for group-chat traders and younger users. Rebet earns 4.3 out of 5 in our rankings: a strong choice if you fit the profile.