The short version: prediction markets regulated by the CFTC (like Kalshi, and Polymarket via QCEX) operate legally at the federal level — but a growing number of states are challenging them, mostly over sports contracts. The result is a fast-moving, state-by-state patchwork.
The core fight is jurisdictional: the CFTC claims exclusive authority over event contracts, while some states argue these are sports betting or gambling under state law. Federal courts have sided with the platforms in some cases (a federal appeals court blocked New Jersey's enforcement in April 2026) and with states in others. Until it's settled, availability can change with each ruling.
We track the status for each state below and re-check on any regulatory movement. Always confirm in-app before funding an account.
This is editorial information, not legal advice. Verify your own eligibility before trading. 18+ (21+ where required).