Prediction markets in Montana
No prediction market venue treats Montana differently from how it operates nationally, and no regulator action is on record here. Event contracts on a CFTC-designated exchange are regulated federally, so the national position applies.
Updated Oct 2, 2026 · each row links the source it rests on · not legal advice
Reviewed by Vardan Khachatryan · Oct 2, 2026
Which venues accept Montana residents
| Venue | Status | Scope | Basis |
|---|---|---|---|
| Kalshi | open | all | National position: Federally regulated as a CFTC designated contract market and offered nationwide rather than licensed state by state. |
| Polymarket | open | all | National position: Operates in the US as Polymarket US, run by QCX LLC, a CFTC-designated contract market since July 9, 2025. A November 24, 2025 amended order lets brokers (futures commission merchants) carry customer accounts on it. US users complete KYC and fund their accounts in dollars. |
| Robinhood | open | all | National position: Offers event contracts as an intermediary onto third-party CFTC-regulated exchanges (Kalshi and ForecastEx) rather than operating one itself, so its footprint largely follows theirs. |
| DraftKings | unknown | all | Offers event contracts through a third-party CFTC-regulated exchange, separately from its state-licensed sportsbook. Its state-by-state availability is not covered here; the app shows whether it is offered where you are. |
| FanDuel | unknown | all | Offers event contracts through a third-party CFTC-regulated exchange, separately from its state-licensed sportsbook. Its state-by-state availability is not covered here; the app shows whether it is offered where you are. |
Is each venue legal in Montana?
Kalshi – available for all contracts under its national position. Nothing specific to Montana is on record.
Polymarket – available for all contracts under its national position. Nothing specific to Montana is on record.
Robinhood – available for all contracts under its national position. Nothing specific to Montana is on record.
DraftKings – not covered state by state here. Offers event contracts through a third-party CFTC-regulated exchange, separately from its state-licensed sportsbook. Its state-by-state availability is not covered here; the app shows whether it is offered where you are.
FanDuel – not covered state by state here. Offers event contracts through a third-party CFTC-regulated exchange, separately from its state-licensed sportsbook. Its state-by-state availability is not covered here; the app shows whether it is offered where you are.
What the state has said
No regulator action or ruling on record for Montana.
How this compares to state sports betting
Where a state allows sports betting, sportsbooks are licensed and taxed by that state; an event contract on a federal exchange is neither, which is the whole dispute. No state action against a venue is on record in Montana. Whether a state may act at all is the question the appeals courts have split on. Montana is in the Ninth Circuit. On August 28, 2026, it held that sports event contracts are not swaps, so states may enforce their gambling laws against them (No. 25-7516). The federal picture
Common questions
Can I use Kalshi in Montana?
Yes. Kalshi operates nationally as a CFTC-designated contract market, and nothing specific to Montana is on record.
Can I use Polymarket in Montana?
Yes. Polymarket US is a CFTC-designated contract market, and nothing specific to Montana is on record.
Are prediction markets legal in Montana?
Event contracts on a CFTC-designated exchange are regulated federally as derivatives. No state action against a venue is on record in Montana. Montana is in the Ninth Circuit. On August 28, 2026, it held that sports event contracts are not swaps, so states may enforce their gambling laws against them (No. 25-7516).