# What to use instead of Drift BET

Drift's Solana prediction market stopped with the exploit of 1 April 2026 and never restarted. The rebuilt protocol deleted the instruction that created one.

*https://predictionmarkets.tools/alternatives/drift-bet*

## The subject

| Field | Value |
| --- | --- |
| Product | Drift BET |
| Status | retired |
| Stopped serving | 2026-04-01 |
| Website | https://www.drift.trade/ |
| Category | Prediction Market Venues |

Binary YES/NO event contracts on Solana, run as price-bounded perpetual markets inside Drift's own exchange, so one margin account could hold a position, thirty-odd collateral tokens and a hedge at the same time.

## Replacements

*Ordered by how much of the original’s job each one covers, closest first. Paid placement does not affect this order.*

1. [Limitless](https://predictionmarkets.tools/tools/limitless.md) — On-chain binary contracts on a central limit order book, fully collateralised in USDC, self-custodial and with no identity check — BET's shape, on Base.
2. [Polymarket](https://predictionmarkets.tools/tools/polymarket.md) — The deepest on-chain book and the widest question set, at the price of an identity check BET never asked for and USDC as the only collateral.
3. [Myriad](https://predictionmarkets.tools/tools/myriad.md) — An AMM rather than a book, so a thin market still fills without a maker opposite you, at the lowest taker fee in this list.
4. [Futuur](https://predictionmarkets.tools/tools/futuur.md) — The broadest subject list here, in USDC or USDT with no identity check — the pick if what you miss is the range of questions, not the plumbing.
5. [Polymarket CLOB API](https://predictionmarkets.tools/tools/polymarket-clob-api.md) — For a bot that traded BET through Drift's SDK — books and prices keyless, orders signed from a Polygon wallet. One rewrite, against a venue with volume.
6. [CCXT](https://predictionmarkets.tools/tools/ccxt.md) — One open-source API over seven event venues, so the venue you code against becomes a configuration line rather than a dependency that can be deleted.

## The product

BET launched on 19 August 2024, announced on Drift's own updates page under the title
"Introducing BET: The First Capital-Efficient Prediction Market on Solana". The acronym was
explained in the post: Bullish on Everything. That URL now returns 404, and so does the follow-up
post about the Breakpoint market; neither appears in the updates index today.

It was never a separate venue. A BET market was a Drift perpetual market carrying the contract
type `Prediction`, with its price bounded between 0 and 1 and settled at one end or the other.
Same program, same order book, same matching, same margin engine — and, as Drift's documentation
put it, "prediction markets have the same fee structure as perp markets". That reuse was the whole
product: the announcement's selling points were thirty-odd Solana tokens accepted as collateral
rather than USDC alone, lending interest accruing on that collateral while a position was open,
and a single margin account in which a long on an outcome and a short on Bitcoin offset each other.

Two things about it were not like the rest of this category, and both are worth knowing before
you decide what replaces it.

**Nothing about it was permissionless.** Drift's security council — an elected multisig under
Realms governance — initialized every market, on request, and the same council resolved every
market by setting the oracle to a fixed 0 or 1 and an expiry date, after which the market went
reduce-only. Permissionless market creation was promised in the launch post for "later this year",
trailed again for early 2026, and never shipped: in the last published version of the code,
`initialize_prediction_market` is still an admin instruction.

**Settlement was not fully insulated.** The documentation said plainly that where a market ran a
shortfall its fee pool and insurance could not cover, the shortfall would be socialised into the
settlement price — so a market resolved to 1 could settle below 1. That is a risk a fully
collateralised YES/NO share does not carry, and it is the one thing every replacement in this list
improves on.

**What ended it was not a product decision.** On 1 April 2026 Drift was drained. The protocol's own
recovery update puts the stolen assets at $295,706,374.93 and timestamps the snapshot of affected
positions at 18:31:47 UTC that day. The recovery package it describes is a transferable SPL
recovery token worth one dollar of verified loss, funded by exchange revenue, up to $127.5 million
committed by Tether and $20 million by other partners, with two independent audits required before
relaunch. On 1 July 2026 the protocol relaunched under a new name, with USDT rather than USDC as
the quote asset.

**This is what we found on 19 September 2026.** `docs.drift.trade` and `app.drift.trade` both
redirect to the successor's domains. `docs.drift.trade/prediction-markets/prediction-markets-intro`
redirects to a URL that answers HTTP 500. The successor's documentation runs to 39 pages and
mentions prediction markets exactly once, on the migration page for developers, where it records
that `initialize_prediction_market` is removed and `ContractType.PREDICTION` is now
`DEPRECATED_PREDICTION`. The protocol repository has been renamed and archived read-only since
8 July 2026, still under Apache-2.0, so the BET code is readable and unrunnable at the same time.

None of that is an announcement. BET was never given one, which is why a review we read the same
day still describes it as a working venue, records itself as last reviewed on 28 June 2026, and
quotes an entry-tier taker fee of 0.0350 percent from a fee schedule dated 23 June 2026. Those
were Drift's perpetual tiers, which BET shared; the successor's entry tier is 0.060 percent taker
and a 0.0025 percent maker rebate, denominated in USDT. Both numbers are now facts about a
perpetuals exchange, and neither describes anything you can take a position on.

## What to use instead

BET was three products wearing one name — a self-custodied venue, a margin engine and an SDK — and
only the first has a clean replacement.

**If what you had was self-custody and no identity check**, start with
[Limitless](https://predictionmarkets.tools/tools/limitless). It is the closest structural match left: binary YES/NO shares fully
collateralised in USDC, matched on a central limit order book, wallet-only access, no KYC, and the
same bar on US traders that Drift's terms carried. Makers pay nothing there; takers pay on a curve
that peaks at the 50-cent midpoint. [Myriad](https://predictionmarkets.tools/tools/myriad) is the same accessibility with a
different mechanism — an AMM instead of a book, which means a thin market still fills without
somebody sitting on the other side, at 0.5% to the taker.

**If what you had was the question set and the depth**, [Polymarket](https://predictionmarkets.tools/tools/polymarket) is where
the volume is, across politics, sports, macro, crypto, science, culture and business, and its
resolution runs through the UMA optimistic oracle rather than through an operator's multisig —
which, given how BET ended, is not a small difference. It costs you an identity check BET never
asked for, and collateral is USDC only.

**If what you miss is the range**, [Futuur](https://predictionmarkets.tools/tools/futuur) runs the broadest subject list in this
catalogue and runs every question twice, in USDC or USDT and in play money, with no identity check.
The mechanism is an LS-LMSR market maker, so again a curve rather than a book.

**If it was your code that died**, the [Polymarket CLOB API](https://predictionmarkets.tools/tools/polymarket-clob-api) is the
direct target: books and prices read without a key, orders signed from a Polygon wallet. If you
would rather not be in this position a third time, [CCXT](https://predictionmarkets.tools/tools/ccxt) puts a unified, MIT-licensed
API over seven event venues, so swapping a venue is a configuration change instead of a rewrite.

**If what you had was the margin account, nothing here replaces it.** No venue in this catalogue
lends against your collateral while an event position is open, and none nets that position against
a perpetual short. That combination was BET's entire pitch, and it is gone with the exchange it was
built inside.

## What you give up

**One account, one collateral pool, one hedge.** BET's reason to exist was that the same balance
could back an outcome position, earn lending interest and margin a Bitcoin short in the same
breath. Every venue above wants funded, idle stablecoin collateral in a wallet of its own. If you
were running the prediction leg of a structured position on Drift, you are now running two
accounts on two chains and reconciling them yourself.

**Thirty-odd collateral tokens.** Polymarket and Limitless take USDC. Futuur takes USDC or USDT.
Holding SOL, an LST or a yield-bearing stable and posting it directly is not an option anywhere
here — you sell first, and you eat the spread and the tax event on the way.

**The fee level.** BET charged basis points because it charged what a perpetual charged: 3.5 bps of
notional at the entry tier. Polymarket and Limitless charge a coefficient on share count that peaks
at the 50-cent midpoint, and Myriad and Futuur charge 0.5% and 1.25%. These are not measured the
same way and a like-for-like comparison depends on where in the price range you trade — but the
order of magnitude is the point, and it is not in your favour.

**The order-type surface.** Because BET was a perpetual market, it inherited limit, stop and
reduce-only orders and the keeper network that filled them. Limitless and Polymarket are order
books with a much plainer order set; Myriad and Futuur are automated market makers, where "stop
loss" is something you implement yourself or do without.

**What you get back, and it is not nothing.** Every venue above fully collateralises the share you
hold, so none of them can socialise a shortfall into your settlement price the way BET's
documentation reserved the right to. And on Polymarket the outcome is proposed to an oracle with a
challenge window and a token-holder vote behind it, rather than written by the same class of
administrative key whose compromise ended the protocol.

## Migration notes

**Your claim is a snapshot, and the snapshot has a time on it.** Drift's recovery plan sets it at
18:31:47 UTC on 1 April 2026, with assets valued at 16:06:00 UTC prices to keep the attack itself
out of the valuation. The recovery token is transferable, represents one dollar of verified loss,
and is a claim on a pool funded out of the relaunched exchange's revenue. It is not a refund and
it is not dated. Read the published methodology against your own wallet rather than against the
headline figure.

**The quote asset changed, and the successor's own documentation flags it as the trap.** Velocity
settles in USDT. Its migration page says a desk that funds accounts with USDC, as it did on Drift,
is depositing the wrong token. Nothing about that is specific to prediction markets, but it is the
first thing that will bite anyone who follows a redirect and starts trading.

**Old packages still install.** `@drift-labs/sdk` was last published on 18 May 2026 and is still
resolvable; the successor ships a separate package under a new name, with a different program id,
a different client class and a different data API host. An integration that pins the old package
will build, and will point at a program that no longer offers the instruction you are calling.
Make the absence of a prediction market a startup error rather than an empty market list.

**Your bookmark resolves, and that is the problem.** `app.drift.trade/BET` redirects into the
successor's application and answers 200 with an app shell. There is no banner, no 404 and no
notice — which is exactly how a reader ends up believing the product is merely having a quiet day.

**The code outlived the markets.** The protocol repository is archived rather than deleted, under
Apache-2.0, and still contains the prediction-market accounting: the 0-to-1 price bounds, the
admin-only initialization, the settlement path and the shortfall socialisation. If you need to
reconstruct how a specific position was valued, that is where the answer is, and it will not move
again.

**Jurisdiction is the one thing we could not re-check.** Drift's launch post said only that BET was
"available in all countries where Drift can be accessed", and Drift's own terms of use no longer
resolve at their old address; the successor's terms and disclaimer pages return 200 but served no
text to us without JavaScript on 19 September 2026. So we are not restating a restricted-country
list here. Limitless and Myriad both bar US traders in their terms; Polymarket's international
platform does the same while a separate, CFTC-designated venue serves the US. Check the one you
pick against its own terms before you fund it.

## FAQ

### Is Drift BET coming back?

Nothing suggests it. The successor protocol's own migration guide records that initialize_prediction_market has been removed and that ContractType.PREDICTION is now DEPRECATED_PREDICTION, which means the on-chain instruction that created a BET market no longer exists. Across the successor's 39 documentation pages, read on 19 September 2026, that sentence is the only mention of prediction markets.

### Why do reviews written in mid-2026 still quote BET's fees?

Because BET never had a shutdown notice to index. One review we read on 19 September 2026 records itself as last reviewed 28 June 2026, presents the product as operating, and quotes an entry-tier taker fee of 0.0350 percent from a fee schedule it dates to 23 June 2026 — almost three months after trading stopped. Treat any BET figure you are carrying as describing a venue that is not there.

### What happened to my open position?

Drift's recovery plan says positions were captured in a snapshot at 18:31:47 UTC on 1 April 2026 and valued at prices from 16:06:00 UTC that day, before the attack distorted them, and that wallets in the verified snapshot can claim a transferable SPL recovery token representing one dollar of verified loss each. That is a claim on a recovery pool, not a returned balance. Check your own wallet against the published methodology.

### Where did the documentation go?

docs.drift.trade now redirects to the successor's documentation, and the prediction-markets section redirects to a URL that answered HTTP 500 on 19 September 2026. The protocol repository still exists, renamed and archived read-only since 8 July 2026 under an Apache-2.0 licence, so the code that ran BET can still be read even though no market can be opened with it.

### Can I still use my old bookmark?

It will not tell you anything. app.drift.trade/BET redirects to the successor's app and returns HTTP 200 — an application shell with no BET in it, rather than a 404. A bookmark that loads is the single most misleading signal on this page.