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MagicMarkets vs Rain
Generated from the same platform records as our written comparisons — the figures are the ones in each review. We have not published an editorial verdict on this combination, so this view carries no ranking of our own and stays out of search results.
MagicMarkets
Custodial, unregulated
4.9 out of 10, editor score
Rain
Crypto, on-chain · USDT
— out of 10, editor score
- +7 market categories
- +Public API
Row by row
The edge on each row is marked. Rows that describe rather than rank — jurisdiction, currencies, market categories — say “no edge” instead of picking a side.
| Criterion | MagicMarkets | Rain | Edge |
|---|---|---|---|
| Overview | |||
| Editor Score | 4.9/10 | Not rated | No edge |
| Type | Custodial, unregulated | Crypto / on-chain | No edge |
| Launched | — | 2025 | No edge |
| Mobile apps | — | — | No edge |
| Fees | |||
| Fee conditions & evidence | "Zero commission. No fees, no cuts"; nothing charged on deposits or withdrawals, though third-party onramp/network fees may apply (homepage FAQ). Review evidence · Official fee source | ToS fee structure on total market volume: 1.2% market creator, 1.2% liquidity providers, 0.1% resolver, 2.5% protocol (RAIN buyback and burn), "Total Standard Fees: 5.0% of Market volume", plus a $1 AI-oracle fee on public markets. Disputes require collateral of 0.1% of volume or $1,000, whichever is less. Review evidence · Official fee source | Depends on the trade |
| Maker fee | See fee conditions above | See fee conditions above | No edge |
| Taker fee | See fee conditions above | See fee conditions above | No edge |
| Withdrawal fee | — | — | No edge |
| Deposits and withdrawals | |||
| Minimum deposit | — | — | No edge |
| Currencies | — | USDT | No edge |
| Markets | |||
| Market categories | Sports, Politics, Other | Politics, Sports, Crypto, Economy, Entertainment, Science, Other | No edge |
| Public API | — | Yes | No edge |
| Access and regulation | |||
| Jurisdiction | — | — | No edge |
| Licensing | — | — | No edge |
| KYC required | — | — | No edge |
| KYC trigger | Registration required; ToS 7.1.7 lets the operator verify identity via third parties at its discretion. | — | No edge |
| Supported countries | — | — | No edge |