General information, not financial, investment, legal, tax or betting advice · Prediction markets carry risk of loss · 18+ or the legal age in your region
The Index 100/Legality/Hawaii
Legality

Are prediction markets legal in Hawaii?

A neutral, dated explainer on prediction market legality in Hawaii, one of the most restrictive gambling states, where lawmakers advanced a 2026 bill to define prediction markets as illegal gambling. Information, not legal advice.

Last reviewed 23 June 2026 · Status as of June 2026 · Information, not legal advice

Two layers of rules

Federal authority, state friction.

01
Federal oversight
Some event contracts trade on exchanges overseen by the Commodity Futures Trading Commission. A federal appeals posture has generally favored federal authority over these designated markets.
02
State challenges
Several states have challenged operators, especially over sports-event contracts, through cease and desist letters and litigation. This is where most of the live friction sits.
03
Onchain and offshore
Crypto-native and offshore venues operate outside the US framework. Their standing for US persons is unsettled, and we do not treat reachability as legality.
Generally available

US-regulated venues

Kalshi · rated 91/100
Available
Polymarket · rated 86/100
Available
ForecastEx · rated 80/100
Available
Crypto.com · rated 80/100
Available
Robinhood · rated 79/100
Available
Railbird · rated 74/100
Available
Novig · rated 74/100
Available
PredictIt · rated 59/100
Available
Not offered for real money

Offshore and onchain

Futuur · rated 68/100
Not available
Limitless · rated 62/100
Not available
Myriad · rated 60/100
Not available
Drift BET · rated 57/100
Not available
Zeitgeist · rated 54/100
Not available

Availability is indicative and can change, and individual states may restrict specific products such as sports-event contracts. Confirm the current position with the platform and a qualified professional before acting.

FAQ

Hawaii, in short.

Are prediction markets legal in Hawaii?

It is contested and the climate is restrictive. Federally listed contracts have technically reached Hawaii users under the operators' federal argument, but Hawaii is one of the strictest gambling states and lawmakers advanced a 2026 bill to define these products as illegal gambling. The position was unsettled as of June 2026.

What is House Bill 2198?

It is a 2026 Hawaii measure that would redefine gambling to include the purchase or sale of financial products whose outcome relates to sports or other contingent events such as politics. A House committee advanced it, but advancing is not the same as becoming law.

Who regulates these markets in Hawaii?

Federally listed event contracts fall under the Commodity Futures Trading Commission. At the state level, gambling falls under Hawaii law, the Legislature, and the Attorney General, and the state has moved to treat these products as gambling.

Is offshore access legal from Hawaii?

The position on platforms that operate without United States registration is contested and carries added risk around funds and recourse. We mark it as higher risk rather than giving a definitive answer, and we do not link to such venues.

Why is there no compare module on this page?

Because the legal position is contested and the state is actively moving to restrict these markets. We only show a compare or sign up path where a platform is genuinely legal and available to you, so we hold it here until the position is clear.