Skip to main content

Prediction Markets on Sportmarket — What You Need to Know

Prediction markets are now available as bookmakers on your Sportmarket Betting account. They work differently from traditional sportsbooks. This article covers the key differences and what to expect.

Written by Uroš

What are prediction markets?

Prediction markets are a type of exchange where bets are matched against other users rather than against the house. The platforms charge a small fee per trade.

On Sportmarket, prediction markets appear like any other bookmaker on your account:

  • Odds are shown in decimal format alongside your other bookmakers

  • You place bets through the same betslip you already use

  • Fees are built into the odds. What you see is what you get.

  • Winnings are credited to your Sportmarket balance as normal

No separate account is needed. If you have a Sportmarket Betting account, you have access to any prediction markets available on the platform.


How to disable a prediction market

Prediction markets are active on your account by default. If you prefer not to use them, you can disable them in a few steps.

To disable a prediction market:

  1. Log in to your Sportmarket Betting account

  2. Hover over your profile icon in the top right

  3. Click Settings > Bookies

  4. Find the platform you want to disable and untick the box next to it

  5. It will no longer appear in your odds comparison or betslip

You can disable each platform independently. Any bets already placed are not affected — disabling only stops new bets from being placed.

To re-enable:

Go back to Settings > Bookies and tick the platform again. It will reappear in your betslip straight away.

Note: Prediction markets cannot be disabled automatically. You need to do this manually via Settings > Bookies.


Live betting — no time delay

If you bet live on a prediction market, the bet is taken instantly with no time delay. The bet stands regardless of whether something just happened that changed the probabilities materially.

Traditional sportsbooks suspend markets when something significant happens during a game: a goal, a penalty, a VAR check. Prediction markets do not work that way.

For other sports, check the odds comparison while the match is in progress. If a prediction market has live odds on that event, they will appear alongside your other bookmakers.


How settlement works — and where it differs

For most bets, settlement works as you would expect. Once the event ends and the result is confirmed, winning bets are paid out to your balance automatically.

The key difference is what happens when an event is cancelled or abandoned.

On a traditional sportsbook, a cancelled match usually means your full stake is returned. On prediction markets, this does not happen automatically. Each platform settles according to its own market rules.

Example:

You back Partizan to win at odds of 3.33 and stake €300. The match is cancelled. By that point, Partizan's odds had shortened in your favour. You receive back more than your €300 stake. If the odds had drifted against you, you would receive back less.

Neither platform automatically returns your full stake when a match is cancelled. For exact rules on any specific market, check the platform directly.


A note on odds comparability

Because prediction markets operate under different rules to traditional sportsbooks, odds are not always directly comparable across the betslip. If you feel uncomfortable with this, you can disable any prediction market at any time through Settings > Bookies.


Frequently asked questions

Are live bets accepted instantly on prediction markets? Yes. Live bets are taken instantly with no time delay. The bet stands regardless of whether something just happened that changed the probabilities materially.

Will I always get my stake back if a match is cancelled? No. Prediction markets do not automatically return your full stake. Each platform settles according to its own market rules. You may get back more or less than your original stake. Check the market rules before placing.

How do prediction markets differ from traditional bookmakers? On a traditional sportsbook you bet against the house. On a prediction market, bets are matched against other users. This means there is no house margin in the traditional sense, and platforms have no reason to limit winning users. Settlement rules for cancellations and live betting also differ significantly from traditional bookmakers.

Do I need to sign up separately to use prediction markets? No. Any prediction markets available on Sportmarket are accessible automatically through your Sportmarket Betting account.

What happens if a player does not play in a prop market? It depends on the specific market rules. A player not participating does not automatically trigger a refund. Check the market rules before placing on player prop markets.

How do I remove a prediction market from my betslip? Go to Settings > Bookies and untick the platform you want to remove. Open bets settle normally. Disabling only stops new bets from being placed.

A market has not settled yet. What should I do? Settlement usually happens within a few hours of the event ending. Some platforms can take longer in certain cases. If a market is still unsettled after 12 hours, contact our support team with the platform name, event name, date, and your stake details.

My settlement amount looks different to what I expected. Why? Check whether the event was cancelled or disrupted. On prediction markets, settlement follows the specific market rules rather than returning your full stake automatically. Receiving a different amount to your original stake is expected in these cases. If it still looks wrong, contact support.

I have a dispute about a market outcome. Who do I contact? For questions about your Sportmarket account and bets placed, contact Sportmarket support. For disputes about specific market outcomes or settlement decisions, contact the platform directly. Those decisions are made by each platform and Sportmarket cannot influence them.


Need help with a specific bet?

Contact our support team with the platform name, event name, date, and your stake details and we will look into it quickly.

Did this answer your question?