Using continuous-space quantum Monte Carlo methods we investigate the zero-temperature ferromagnetic behavior of a two-component repulsive Fermi gas under the influence of periodic potentials that describe the effect of a simple-cubic optical lattice. Simulations are performed with balanced and with imbalanced components, including the case of a single impurity immersed in a polarized Fermi sea (repulsive polaron). For an intermediate density below half filling, we locate the transitions between the paramagnetic, and the partially and fully ferromagnetic phases. As the intensity of the optical lattice increases, the ferromagnetic instability takes place at weaker interactions, indicating a possible route to observe ferromagnetism in experiments performed with ultracold atoms. We compare our findings with previous predictions based on the standard computational method used in material science, namely density functional theory, and with results based on tight-binding models.PACS numbers: 05.30. Fk, 03.75.Hh, 75.20.Ck Itinerant ferromagnetism, which occurs in transition metals like nickel, cobalt and iron, is an intriguing quantum mechanical phenomenon due to strong correlations between delocalized electrons. The theoretical tools allowing us to perform ab-initio simulations of the complex electronic structure of solid state systems, the most important being density functional theory (DFT) [1,2], give systematically reliable results only for simple metals and semiconductors. The extension to strongly correlated materials still represents an outstanding open challenge [3]. Our understanding of quantum magnetism is mostly based on simplified model Hamiltonians designed to capture the essential phenomenology of real materials. The first model introduced to explain itinerant ferromagnetism is the Stoner Hamiltonian [4], which describes a Fermi gas in a continuum with short-range repulsive interactions originally treated at the mean-field level. The Hubbard model, describing electrons hopping between sites of a discrete lattice with on-site repulsion, was also originally introduced to explain itinerant ferromagnetism in transition metals [5]. Despite the simplicity of these models, their zero-temperature ferromagnetic behavior is still uncertain.In recent years, ultracold atoms have emerged as the ideal experimental system to investigate intriguing quantum phenomena caused by strong correlations. Experimentalists are able to manipulate interparticle interactions and external periodic potentials independently, allowing the realization of model Hamiltonians relevant for condensed matter physics [6], or to test exchangecorrelation functionals used in DFT simulations of materials [7]. Indirect evidence consistent with itinerant (Stoner) ferromagnetism was observed in a gas of 6 Li atoms [8] when the strength of the repulsive interatomic interaction was increased following the upper branch of a Feshbach resonance. However, subsequent theoretical [9] and experimental studies [10,11] have demonstrated that three-body recomb...