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What is Smarkets?
Key Highlights
- Licensed UK betting exchange
- Low 2% commission
- Strong sports and politics markets
Pros & Cons
✓ Pros
- FCA regulated
- Low fees
- Established platform
✗ Cons
- UK/EU only
- Limited US market access
Fees
Smarkets charges 2%. You can deposit and withdraw with your bank account.
Is Smarkets Legal?
Smarkets is regulated by the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM) — the same regulatory category as the CME Group. US residents can trade legally with full federal oversight, segregated customer funds, and formal dispute resolution protections. This is the gold standard for US-accessible prediction markets.
Who is Smarkets Best For?
Smarkets is best for traders in UK & EU who want a regulated, legally compliant way to trade on real-world events. The regulatory oversight provides peace of mind for serious traders.
Related Pages
Common Questions About Smarkets
Is Smarkets legit?
Yes. Smarkets is CFTC-regulated, which means it operates under federal oversight with legal protections for traders. Your funds are held in segregated accounts.
What are Smarkets's fees?
Smarkets charges 2%. Always check the platform's current fee page for the latest information before depositing.
Is Smarkets available in the US?
No. Smarkets restricts access for US residents due to regulatory requirements. US traders should consider Kalshi or PredictIt as legal alternatives.
How does Smarkets compare to other platforms?
Smarkets earns 4.1/5 in our expert rating. See our full comparison to understand how it stacks up on fees, liquidity, market selection, and regulation.
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