Prediction Markets
in Florida
Florida is an open state for prediction market trading. The Florida Office of Financial Regulation has not targeted prediction market operators, and the state has no income tax: making it one of the most favorable jurisdictions for event contract traders.
Which platforms are available in Florida?
| Platform | Status in FL | Notes |
|---|---|---|
| Kalshi | Available | CFTC-regulated DCM: full access in Florida. No state-level enforcement actions. |
| Polymarket | Waitlist | QCEX invite-only waitlist. Florida has not filed enforcement; open access expected Q3–Q4 2026. |
| Manifold | Available | Play-money and sweepstakes cash available in Florida with no restriction. |
| PredictIt | Available | CFTC no-action. Politics-only, $850 per contract cap. |
| Robinhood | Available | Sports and economic event contracts available in Florida. |
Florida's regulatory environment
Prediction markets in Florida fall under federal CFTC jurisdiction. The Florida Office of Financial Regulation (OFR) has not issued guidance targeting prediction market operators, and no cease-and-desist orders or civil complaints have been filed against event contract platforms in Florida as of May 2026.
Florida's regulatory environment generally defers to federal oversight on financial products that clearly fall within federal jurisdiction: and CFTC-regulated event contracts do. When Wisconsin, New York, and Illinois moved against prediction market platforms in May 2026, Florida did not follow.
- Open a Kalshi account: full access, no Florida-specific restrictions
- Join the Polymarket QCEX waitlist: Florida has no specific block
- Sports contracts on Kalshi and Robinhood are available in Florida
- Report winnings on your federal return only: Florida has no state income tax
Florida prediction market tax treatment
Florida has no state income tax. Event contract profits are subject to federal rates only. Platforms issue 1099-MISC forms. Net losses up to $3,000/year are deductible federally with excess carried forward.