Vardan KhachatryanPrediction markets in Nevada
8 of the 15 apps we rank are open here, and 1 offers sports contracts.
- Apps restricted or contested
- Kalshi, Polymarket US, OG, Robinhood, ProphetX, Coinbase, Webull, Novig, DraftKings Predictions, Fanatics Markets, FanDuel Predicts, PrizePicks, Underdog Predict
- Rulings and actions in Nevada
- 9 on record, listed in the timeline
- Legal sports betting
- Licensed sportsbooks since 1949
- Minimum age
- 21 at sportsbooks, 18 on most apps
- Federal appeals court
- Ninth Circuit: ruled against Kalshi on August 28, 2026
- Last change
- September 10, 2026
Each entry on this page links the ruling or report it rests on. Nothing here is legal advice.
Why prediction markets are mostly blocked in Nevada
Nevada guards its casinos closely. State-regulated gaming brings in more than a third of Nevada's total revenue.
So its Gaming Control Board draws a hard line. A sports event contract is a wager, it says, even on an exchange the CFTC regulates.
A wager in Nevada needs a gaming license. No prediction market app has one.
Since 2025, that view has shut sports contracts on every major app here. The federal appeals court over Nevada agreed with the state in August 2026.
Which prediction market apps work in Nevada
A few, and only in part. Kalshi still lists economics, financial, crypto and weather markets. Robinhood cannot open new sports contracts for Nevadans.
DraftKings Predictions and FanDuel Predicts offer financial markets only. OG and Webull list no sports here either.
Others skip the state entirely. Polymarket US, Coinbase, Novig, Underdog, ProphetX, Fanatics Markets and PrizePicks offer no prediction markets in Nevada.
Polymarket's exit came by court order, and its case has its own page: is Polymarket legal in Nevada.
The table lists each app in our ranking order, with its sports status here. Several shown as available offer financial markets only.
| App | Status in Nevada | More |
|---|---|---|
| Kalshi | Not available for sports, election and entertainment contracts | Is Kalshi legal in Nevada? |
| Gemini Predictions | Available, sports included | Gemini Predictions review |
| Polymarket US | Not available | Is Polymarket legal in Nevada? |
| OG | Available, but not for sports contracts | OG review |
| Interactive Brokers | Available; it lists no sports contracts anywhere | Interactive Brokers review |
| Robinhood | Not available for sports contracts | Is Robinhood legal in Nevada? |
| ProphetX | Not available | ProphetX review |
| Coinbase | Not available | Coinbase review |
| Webull | Available, but not for sports contracts | Webull review |
| Novig | Not available | Novig review |
| DraftKings Predictions | Available, but not for sports contracts | DraftKings Predictions review |
| Fanatics Markets | Not available | Fanatics Markets review |
| FanDuel Predicts | Available, but not for sports contracts | FanDuel Predicts review |
| PrizePicks | Not available | PrizePicks review |
| Underdog Predict | Not available | Underdog Predict review |
How a prediction market trade works
Every contract is a yes-or-no question. It pays $1 if the answer is yes and nothing if it is no.
The price is the crowd's odds. A contract at 60¢ means traders put the chance at about 60%.
Say the Golden Knights are 60¢ to win tonight on Kalshi. You buy 100 contracts for $60, plus a $1.68 fee.
If they win, you collect $100, a $38.32 profit. If they lose, you are out $61.68.
In Nevada, that exact trade is blocked. The same math applies to what is still open, like a monthly inflation reading. New to this? Start with what prediction markets are.
What Nevada has said about prediction markets
Nevada spoke first. Its Gaming Control Board ordered Kalshi to stop sports and election contracts on March 4, 2025.
In November 2025 it spelled out its position for every licensee. The Super Bowl, the Oscars, esports and political elections all count as wagering.
It added a warning. A Nevada licensee that partners with a prediction market, even in another state, could face discipline.
Chairman Mike Dreitzer is blunt: “Anytime you risk money on the uncertain outcome of a sporting event, that's a bet.”
Governor Joe Lombardo and Attorney General Aaron Ford back the board. Ford says unlicensed prediction markets “may not disregard the law.”
The court cases that shape Nevada's rules
Nevada fights on two tracks. In federal court, it defends against apps that sued it. In state court, it sues them.
The federal track ended in the Ninth Circuit on August 28, 2026. Kalshi, Crypto.com and Robinhood all lost, 3-0.
Sports contracts are not swaps under federal law, the court held, so Nevada may apply its gaming laws.
The state track runs through Carson City. The court there enjoined Coinbase in March, Kalshi in April and Polymarket in May 2026.
Those orders cover sports, election and entertainment contracts. Kalshi's order also forces a location-based geofence, and the board says Kalshi missed its August 12 deadline.
Our pages on Kalshi in Nevada and Robinhood in Nevada cover each case in full.
What Nevadans can still trade
Economic numbers lead: inflation readings, jobs reports and Federal Reserve decisions. Crypto prices, commodities and weather round it out.
Local sports are out. That means no contracts on the Raiders, Golden Knights, Aces, UNLV or the Nevada Wolf Pack.
Elections are out on Kalshi, including every race on Nevada's November 3, 2026 ballot. So are award shows and other entertainment markets.
Visitors get the same menu. Kalshi's order turns on where you are, so a weekend in Las Vegas means no sports contracts.
The risks for Nevada traders
The menu can shrink with little notice. When Coinbase lost its injunction fight, it closed prediction markets to every Nevada resident.
Nevada's view reaches beyond sports. The board counts elections and award shows as wagers, so more categories could close.
Offshore sites are no safe harbor. They answer to no US regulator, and Polymarket, for one, bans using a VPN to dodge a block.
You can lose everything you put into a contract. A 90¢ favorite that loses pays nothing.
Trade only what you can afford to lose. Our responsible trading guide covers limits and where to get help.
What could change for Nevada traders
Three things could. The first is the Supreme Court. Robinhood and Crypto.com have petitioned it over their Nevada losses.
New Jersey has asked the Court to settle the circuit split too. A ruling for the apps could reopen sports contracts here.
The second is the Ninth Circuit. Kalshi asked on September 9 for a rehearing before 11 judges.
The third is federal policy. The CFTC proposed a rule in June to allow sports contracts nationwide. Nevada's Reps. Steven Horsford and Mark Amodei want them banned instead.
Our litigation tracker follows each of these cases.
Nevada prediction market timeline
Every change to prediction markets' standing in Nevada, newest first. Each entry links the ruling, filing or report behind it.
Prediction markets vs sports betting in Nevada
Nevada has licensed sports betting since 1949. Its 186 sportsbooks took $133.8 million on the February 2026 Super Bowl.
That was the smallest Super Bowl handle in the ten years the board listed. Kalshi was still open to Nevadans then.
The two products look alike on a phone. The oversight does not. Sportsbooks hold Nevada licenses, pay state gaming taxes and take bettors from 21.
Prediction markets answer to the CFTC and take traders from 18. Even licensed Nevada books may not take bets on elections.
How to choose a prediction market app in Nevada
Start with what is legal here. For economics, crypto and weather, Kalshi is still open, and DraftKings and FanDuel offer financial markets.
Then compare fees. They vary more than prices do. Our fee comparison works out each app's cost on the same trade.
Our app rankings score every app on the same six criteria. Each review covers fees, payouts and the lawsuits against it.
For sports, the legal route in Nevada is a licensed sportsbook. No prediction market app can offer them here today.