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Prediction Markets by State: Where Are Kalshi & Polymarket Legal?

Prediction markets are federally regulated by the CFTC and, in principle, available across the United States — but the picture on the ground varies by state, and it is moving fast. Kalshi, Polymarket, Robinhood and ProphetX operate as CFTC-regulated event-contract exchanges; several states are challenging that in court, and a Supreme Court case looks likely.

Pick your state below for its current status, which platforms you can use, the age rules and where the legal debate stands. It is general information, not legal advice.

Squawka Signal

Model vs Market

Where our model disagrees with the live prediction market on the competitions we cover — the edge is the gap between our probability and the market’s.

Inter MiamiMLS CupSquawka model10%Market27%OVERPRICED · -17pp

Signal rates them shorter than the market: 9.7% vs 27.0% (kalshi+polymarket).

Trade on Kalshi

Nashville SCMLS CupSquawka model22%Market9%STRONG VALUE · +13pp

Signal rates them higher than the market: 22.0% vs 9.1% (kalshi+polymarket).

Trade on Kalshi

For analysis and entertainment — not financial advice. 21+ where applicable; eligibility varies by US state. See our Kalshi and Polymarket reviews.

Prediction markets by state

● Available● Contested● Restricted

Alabama● Available Alaska● Available Arizona● Contested Arkansas● Available California● Contested Colorado● Available Connecticut● Contested Delaware● Available Florida● Available Georgia● Available Hawaii● Available Idaho● Available Illinois● Contested Indiana● Available Iowa● Available Kansas● Available Kentucky● Available Louisiana● Available Maine● Available Maryland● Contested Massachusetts● Restricted Michigan● Restricted Minnesota● Contested Mississippi● Available Missouri● Available Montana● Available Nebraska● Available Nevada● Restricted New Hampshire● Available New Jersey● Available New Mexico● Available New York● Contested North Carolina● Available North Dakota● Available Ohio● Contested Oklahoma● Available Oregon● Available Pennsylvania● Contested Rhode Island● Contested South Carolina● Available South Dakota● Available Tennessee● Contested Texas● Available Utah● Contested Vermont● Available Virginia● Available Washington● Contested Washington DC● Available West Virginia● Available Wisconsin● Contested Wyoming● Available

More states are being added. For the platforms themselves, see our Kalshi review, Polymarket review and Kalshi vs Polymarket comparison, or the guide to whether Kalshi is legit and legal.

Illustrative availability, last reviewed August 2026 — general information, not legal advice. Regulation is evolving and varies by state; confirm eligibility with the platform. 18+/21+.