Best Formula 1 Prediction Market Sites for F1 Trading - Make Accurate F1 Predictions Across Markets

Prediction markets are booming, and Formula 1 is one of the most popular sports to trade on. Contracts are available for everything from race winners and pole positions to fastest laps, head-to-head driver matchups, practice session results, and much more.

On this page, we’ve rounded up the best Formula 1 prediction market sites available. Each one has been carefully selected for its market selection, liquidity, fees, ease of use, and overall user experience. We also explain how F1 prediction markets work, including how contracts are priced and settled, along with other details you should know before placing your first trade.

Top Formula 1 Prediction Market Sites for 2026

Pros and cons of F1 prediction markets

Pros and Cons

• Profit from price movements
• Live trading during race weekends
• Contracts are easy to understand

• Trading fees apply

How do F1 prediction markets work?

F1 prediction market sites let you trade contracts based on the outcomes of real Formula 1 events. Most contracts revolve around a simple question with a binary Yes or No outcome.

For example, you can trade contracts tied to individual races, such as, “Will Fernando Alonso qualify on pole position?” You can also trade season-long contracts, such as, “Will Kimi Antonelli become the Formula 1 Drivers’ Champion?”. If you’re interested in trading other popular sports, like football, you may want to check out the best NFL prediction market sites.

Buying F1 event contracts

Once you’ve found a market you’re interested in, you simply buy the Yes or No contract, depending on whether you think the outcome will happen or not. F1 event contracts typically trade between $0.01 and $0.99. The price reflects the market’s estimated probability of the outcome occurring. For example, if a Yes contract is trading at $0.70, the market is implying there is roughly a 70% chance that the outcome will occur.

Settling your positions

As users trade contracts, the prices rise and fall to reflect changing market sentiment. This gives you the opportunity to sell your contracts for a profit if the price moves in your favor. Alternatively, you can hold your contracts until the outcome is officially settled. Winning F1 event contracts typically settle at $1 each, while losing contracts settle at $0.

Are F1 prediction markets the same as sports betting websites?

At first glance, F1 prediction markets and sports betting websites may seem similar because both let you predict the outcome of Formula 1 events. If your prediction is correct, you receive a payout when the market settles. However, they operate in fundamentally different ways.

On a sports betting website, you place a bet with the sportsbook, which sets the odds and acts as the counterparty to your wager. In an F1 prediction market, you do not place a bet. Instead, you buy and sell event contracts in a peer-to-peer marketplace, trading directly with other users.

The platform simply facilitates trades between buyers and sellers and makes its revenue by charging transaction fees. It does not take the opposite side of your trade or profit when your prediction is incorrect. Because of this peer-to-peer trading model, F1 prediction markets work more like stock markets than traditional betting websites.

Best Formula 1 prediction market sites

We tested all the leading prediction markets based on key factors such as market selection, liquidity, fees, ease of use, and overall user experience. Based on our findings, Kalshi, Crypto.com, and Polymarket are the best options for trading Formula 1 event contracts. They also rank among the best MLB prediction market sites for similar reasons.

Kalshi - Best overall

Kalshi was the first prediction market to receive federal approval from the Commodity Futures Trading Commission (CFTC) and has built a strong reputation among US traders who want to speculate on Formula 1 outcomes.

Kalshi offers a wide range of Formula 1 markets throughout the season, covering race winners, podium finishes, and championship standings. You’ll also find prop markets covering individual driver performances and race events, such as whether there will be a red flag, as well as futures on outcomes like the Constructors’ Championship, the Drivers’ Championship, and driver transfers between teams.

Another strength is its broad selection of payment methods, including ACH bank transfer, debit card, Apple Pay, Google Pay, PayPal, Venmo, Cash App, crypto, and wire transfer. This gives you more flexibility than many competing sports prediction markets.

Crypto.com - Best for combos

As Formula 1’s exclusive crypto partner, it’s no surprise that Crypto.com ranks among the best Formula 1 prediction market sites. One of its standout features is Combos, which lets you combine multiple Formula 1 predictions into a single position.

The main limitation is that season-long futures, such as the Drivers’ Championship and Constructors’ Championship, can’t be included in Combos. You can only combine pre-race and live event markets.

Another advantage is Crypto.com’s fee structure. You pay a flat $0.02 trading fee per $1 event contract, which is relatively low by industry standards. Better yet, when a winning $1 contract settles, both the Exchange Fee and Technology Fee are waived.

That means there’s no settlement fee, allowing you to keep the full $1 payout on every winning contract.

Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn't guarantee future results. This is not a solicitation or recommendation to trade.

Polymarket - Best for low fees

Polymarket is one of the best Formula 1 prediction market sites because it consistently attracts some of the highest trading activity in the industry. That translates into better liquidity, tighter spreads, and faster trade execution, making it easier to buy and sell F1 event contracts at competitive prices.

The variety of F1 event contracts available on Polymarket is unmatched. Beyond outright race winners, you can speculate on driver and constructor pole positions, fastest laps, podium finishes, head-to-head driver matchups, practice session results, which constructor scores first, and race incidents such as safety cars and red flags.

When it comes to fees, you’d be hard-pressed to find an F1 prediction market with lower costs than Polymarket. Trading fees average around 0.01% of trade value, which works out to roughly one cent on a $100 trade. Can’t complain about that.

Comparing the best Formula 1 prediction market sites

The best Formula 1 prediction market sites have a lot in common, so there isn’t really a bad choice. That said, each platform has its own strengths, whether that’s lower fees, deeper liquidity, or more payment options.

To help you find the best fit, here’s a side-by-side comparison of the best Formula 1 prediction market sites:

Start F1 event trading today

Formula 1 prediction markets offer a different way to get in on the action, letting you trade contracts on everything from race winners and pole positions to season-long championship outcomes.

Unlike sportsbooks, which set the odds and take the opposite side of your bet, prediction markets allow you to trade directly with other users in a peer-to-peer marketplace. As prices fluctuate throughout a race weekend, you can sell your contracts before the event ends or hold them until they settle.

When you’re ready to get started, we are confident the prediction markets featured on this page are the best places to trade F1 event contracts. Use one of the banner links provided to sign up and start trading in just a few minutes.

Best F1 prediction market sites FAQs