Updated October 16, 2026 · WagerCue Editorial Team
Top betting exchanges compared in the United States
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| Order | Gambling operator | Score | Features | Key facts | Actions |
|---|---|---|---|---|---|
| 1 |  PolymarketTop pickPartner Model: Taker-only fee scaled by market category (crypto 0.07, sports/economics 0.05, finance/politics 0.04 rate); makers pay zero; geopolitical and world events markets are fee-free | 9.0/10 |
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| 2 |  KalshiPartner Model: Transaction fee charged on the expected earnings of the contract (exchange trading fee) | 8.9/10 |
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| ReviewCompareSee alternatives |
| 3 |  SX BetPartner Model: 0% trading fee on single bets (taker and maker), 5% on winning parlays; 0% deposit fee on native USDC, 0.33% on other tokens | 8.9/10 |
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| 4 |  NovigPartner Model: Peer-to-peer contract exchange, CFTC-regulated; taker-only fee = coefficient x price x (1 - price) x contracts (0.03 live, 0.06 futures, 0.10 parlay), maker fee $0 and no fee on pre-game straights New Member Deposit Program: $25 in Trade Credits on $10+ deposit | 8.8/10 |
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| 5 |  ForecastExPartner Model: $0.01 transaction fee per contract, charged to each side at execution | 8.2/10 |
| ReviewCompareSee alternatives |
Licensed in the United States
- Polymarket
- Commodity Futures Trading Commission (CFTC) - Designated Contract Market (DCM) registered under the Commodity Exchange Act
- Kalshi
- Commodity Futures Trading Commission (CFTC) - Designated Contract Market (KalshiEX)
- Kalshi
- Commodity Futures Trading Commission (CFTC) - Futures Commission Merchant (Kalshi Prime LLC)
- Novig
- Commodity Futures Trading Commission (CFTC), designated contract market
- ForecastEx
- Commodities and Futures Trading Commission (CFTC)
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