Are prediction markets legal in New York?

It is contested. Federally overseen venues operate in practice for verified residents, but New York gaming regulators and the attorney general are challenging operators, while operators and the federal regulator argue federal law governs. The question was unresolved as of May 2026.

State gaming regulators issued a cease and desist to a leading operator, which sued in federal court, and the federal regulator then challenged New York. Separately, the attorney general sued operators of other prediction market products in April 2026, alleging unlicensed gambling and seeking substantial damages.

A federal appeals court ruled in a neighboring state matter that the federal regulator has exclusive jurisdiction over these contracts. Operators cite it in their favor, but that decision is not directly binding on New York courts, so the New York question remains open.

Federally listed event contracts fall under the Commodity Futures Trading Commission. At the state level, the New York State Gaming Commission and the attorney general oversee gaming and consumer protection and have asserted authority over the products. The two views are in conflict.

Because the legal position is contested and New York is actively challenging these products. 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.