Prediction Markets
in Vermont
Vermont is fully open for prediction markets: all major platforms available, no enforcement actions, and sports betting launched in January 2024, making it one of the most recent New England states to go live. Vermont's 8.75% top income tax rate is notable for active traders: prediction market profits as ordinary income will be taxed at this rate by the state in addition to federal taxes. Vermont neighbors both open (New Hampshire) and caution (Massachusetts, Connecticut) states.
Which platforms work in Vermont?
All categories available in Vermont. No state-level restrictions.
Polymarket QCEX available in Vermont. Apply via the national waitlist.
Both Mana and Sweepcash available in Vermont.
CFTC no-action letter. US politics only, $850 cap. Available in VT.
All prediction market contracts available in VT.
Vermont among New England's open states
Vermont legalized mobile sports betting in June 2023 and launched in January 2024. Unlike neighboring Connecticut and Massachusetts, Vermont has not issued enforcement actions against Polymarket QCEX, meaning all five major prediction market platforms remain accessible to Vermont residents. Vermont's open status makes it the clearest alternative in northern New England for traders who live near the Massachusetts or Connecticut borders.
Vermont's 8.75% top income tax rate applies to income above approximately $213,000 (single). Most prediction market traders would fall into lower brackets (3.35%–6.9%). Kalshi issues a 1099-MISC; report on Vermont Form IN-111 as ordinary income.
Vermont vs New England neighbors
New Hampshire
Shares a border with Vermont. No state income tax and fully open: significant tax advantage for active traders.
CautionMassachusetts
Caution (Polymarket restricted. 5% flat rate) lower than Vermont's top bracket. But Polymarket is blocked.
CautionConnecticut
Caution: Polymarket restricted. 6.99% top rate. Vermont beats CT on both platform access and tax rate.