Legislation

While Commodity Futures Trading Commission (CFTC) regulated prediction markets are legal across the United States, the legislative landscape is in flux. For instance, Minnesota became the first state in the nation to pass a law banning prediction markets in May of 2026, which is scheduled to go into effect on August 1, 2026. However, the CFTC and prediction market operators (including Kalshi and Polymarket) have filed federal lawsuits against Minnesota, leaving the future uncertain. The North Star State certainly won’t be the last to challenge operators, especially in regions that have taken a firm stance against all forms of betting, including Utah and Hawaii. For this reason, the answer to “where are prediction markets legal in the USA” is a dynamic one that calls for a prediction markets legislation tracker, complete with a detailed map to help the public quickly identify when and where changes occur. Bookmark this page and check back often for real-time updates through 2026 and 2027 to come.