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HOME / LEGALITY / BY STATE / NEW YORK
CONTESTEDCFTC-regulated venues · checked 7 OCT 2026

Are prediction markets legal in New York?

By Settled desk · Checked against 8 sources · NOT LEGAL ADVICE
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SHORT ANSWER

Yes, for now, and contested. Polymarket says it accepts New York. Novig says it accepts New York, sports included. New York sued Kalshi (31 Jul 2026) and Polymarket US (24 Sep 2026); S.D.N.Y. denied Kalshi's preliminary injunction (7 Jul) and Novig's TRO (11 Aug), and CFTC and DOJ sued the state on 24 Apr 2026.

Which platforms accept New York residents

PLATFORMACCEPTSSPORTSSOURCE
Kalshi logoKalshiNOT STATEDNOT STATEDnone found
Robinhood logoRobinhoodNOT STATEDNOT STATEDnone found

What the law says

24 SEP 2026New York AG James and Gov. Hochul announced a lawsuit against QCX LLC d/b/a Polymarket US for running an illegal, unlicensed gambling operation. ag.ny.gov ↗

11 AUG 2026SDNY (Judge McMahon) denied Novig's (Ludlow Exchange) application for a TRO against New York enforcement and set a full briefing and 11 Sep argument schedule. storage.courtlistener.com ↗

31 JUL 2026Gov. Hochul and AG James announced New York sued KalshiEX in state court for running an illegal gambling operation through its prediction market platform. governor.ny.gov ↗

7 JUL 2026SDNY (Judge Torres) denied Kalshi's motion for a preliminary injunction against New York gambling-law enforcement of its sports event contracts (KalshiEX v. Williams, 1:25-cv-08846). storage.courtlistener.com ↗

24 APR 2026CFTC and DOJ sued New York in S.D.N.Y. (US v. New York, 1:26-cv-03404), CFTC release 9218-26. cftc.gov ↗

24 OCT 2025New York State Gaming Commission sent KalshiEX LLC a letter demanding it cease and desist operating an unlicensed mobile sports wagering platform in New York. gaming.ny.gov ↗

Sources. 8 primary and court sources, each quoted on our side and read on 7 Oct 2026: apps.apple.com, support.novig.com, ag.ny.gov, storage.courtlistener.com (2), governor.ny.gov, cftc.gov, gaming.ny.gov. A cell marked not stated means no source we found says it either way.
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Where to trade from New York
PARTNER LINKS
Polymarket logo
Polymarket
FEE AT 50¢: 1.5% to 3.5%
See the fees
Novig logo
Novig
FEE AT 50¢: 0% to 1.5%
See the fees
No partner links here: both go to our own fee pages.
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