Prediction Markets in New York [2026]

New York is one of the most prediction-market-friendly large US states. The state has long-standing daily fantasy sports licensing that supports most major state-licensed sports prediction platforms, and federal CFTC oversight covers event contract platforms uniformly. New York users have access to one of the widest platform menus available in any US state.

Federal CFTC oversight pre-empts most state-level restrictions on event contracts. Kalshi and Robinhood Predict both hold CFTC Designated Contract Market licences and operate fully in New York. New York users have access to political, economic, weather, and event contract markets under federal regulatory protection alongside the state's existing DFS-licensed sports prediction options.

State-licensed sports prediction platforms have strong New York presence. PrizePicks Predict, FanDuel Predicts, DraftKings Predictions, and Sleeper Markets all operate in New York under the state's daily fantasy and prediction market licensing framework. Novig and other peer-to-peer prediction exchanges have varying NY availability depending on the specific platform.

For broader US context see our main US prediction markets hub. For deeper legal background see our are prediction markets legal in the US guide.

New York has broader prediction market platform availability than most other US states.

Kalshi operates fully in New York under its CFTC DCM licence. Coverage spans politics, economics, weather, sports, and entertainment event contracts. The 2024 federal court ruling that confirmed election market legality applies in New York the same way it does nationally. $5 minimum deposit. Free ACH funding.

Robinhood Predict is fully available to New York users inside the standard Robinhood mobile app. Event contracts integrate with stocks, options, and crypto under the same Robinhood account. The $1 minimum trade size makes it the easiest possible US-regulated entry point for casual New York users.

Sports prediction platforms have strong New York presence. FanDuel Predicts operates in New York under FanDuel's existing sportsbook and DFS licensing. DraftKings Predictions operates in New York under DraftKings' equivalent licensing. PrizePicks Predict has comprehensive NY coverage with full pick variant support including Demon picks, Goblin picks, and Flex Plays. Sleeper Markets operates in NY under its DFS licensing.

Crypto exchange-integrated platforms (Coinbase Predictions, Crypto.com Predictions) operate in New York under the parent exchanges' New York money transmission and crypto exchange licensing. Coverage focuses on crypto-native event markets but includes some general events.

New York has one of the largest daily fantasy sports user bases in the United States. The state legalised DFS in 2016 and has supported a thriving DFS market across FanDuel, DraftKings, and PrizePicks since then. The natural crossover from DFS to sports prediction markets makes New York a particularly active market for pick'em prediction products.

FanDuel Predicts is the most natural fit for NY DFS users who already have FanDuel accounts. The shared FanDuel app, single login, and same wallet make the transition from daily fantasy lineups to prediction pick'em entries seamless. DraftKings Predictions offers the same integrated experience for NY DFS users on DraftKings.

PrizePicks Predict has the deepest player prop catalogue and is genuinely native to the prop pick'em format that New York DFS users may already enjoy. The Demon and Goblin pick variants offer more edge expression than the standard pick'em format competitors use. Many serious NY prop players keep accounts on PrizePicks alongside FanDuel Predicts and DraftKings Predictions for line shopping.

Sleeper Markets fits naturally for the large NY fantasy football and basketball community that already uses Sleeper for season-long fantasy leagues. Friend leaderboards and league chat integration pull predictions into existing fantasy social graphs.

The right platform for a New York user depends on what you want to predict and which app ecosystem you already use.

For political and economic event contracts: Kalshi has the deepest US-regulated coverage of politics, Federal Reserve rate decisions, CPI inflation prints, weather contracts, and select sports markets. New York's deep finance industry makes Kalshi's economic event coverage particularly relevant.

For sports player props: New York users have full access to PrizePicks Predict, FanDuel Predicts, DraftKings Predictions, and Sleeper Markets. The right pick depends on which app ecosystem you already use. Many serious NY prop players maintain accounts on multiple platforms to compare lines.

For Robinhood users: Robinhood Predict integrates event contracts into the standard Robinhood app you may already use for stocks. The $1 minimum is the lowest in the US-regulated category.

For crypto-native users: Coinbase Predictions and Crypto.com Predictions operate in New York under the parent exchanges' crypto licensing. Both focus on crypto-native event markets that complement traditional event contract platforms.

For full platform rankings in the US see our best prediction sites in the US guide and our Kalshi review for the leading regulated US platform.

Tax reporting on prediction market winnings in New York follows both federal and state tax rules. New York state taxes apply to gambling and prediction earnings on top of federal taxes. Always consult a tax professional for specific situations involving meaningful prediction market activity. Keep detailed records of your trading activity for tax purposes.

New York's responsible gambling framework applies to state-licensed sports prediction platforms operating in the state. Deposit limits, time limits, and self-exclusion options are required by state DFS rules and are available on all major NY-licensed platforms. CFTC-regulated platforms include similar tools under federal requirements. Read our responsible gambling guide for detailed strategies.

New York's existing sports betting legalisation (which started in 2022) makes the state's broader sports prediction landscape particularly active. NY users can compare prediction market prices against traditional sportsbook odds across many of the same events, which provides cross-market context that users in less-developed markets do not have. The combination of CFTC event contracts, state-licensed sports prediction, and traditional sportsbook activity gives NY users one of the richest prediction-and-betting markets in the world.