Are prediction markets legal in Ohio?

By Vardan KhachatryanLast updated: Litigation tracker

Yes, but sports are contested. Prediction markets are legal in Ohio as CFTC-regulated exchanges, and most apps we rank offer sports here. But on September 25, 2026, the Sixth Circuit ruled Ohio's gambling law applies to sports contracts. Ohio has proposed a $5 million fine against Kalshi and could act at any time.

Prediction markets in Ohio

14 of the 15 apps we rank are open here, and 9 offer sports contracts.

Apps restricted or contested
Kalshi, OG, DraftKings Predictions, Fanatics Markets, FanDuel Predicts, PrizePicks
Rulings and actions in Ohio
3 on record, listed in the timeline
Legal sports betting
Online and in person since January 1, 2023
Minimum age
18 on most apps; 21 at sportsbooks
Federal appeals court
Sixth Circuit: ruled against Kalshi on September 25, 2026
Last change
September 25, 2026

Each entry on this page links the ruling or report it rests on. Nothing here is legal advice.

Why prediction markets are legal in Ohio

Prediction market apps sell event contracts: yes-or-no questions that pay $1 if the answer is yes. The CFTC regulates the exchanges that list them.

That federal oversight is why the apps need no Ohio license for elections, the economy or the weather.

Sports are another story. Ohio licenses sportsbooks, and its Casino Control Commission says a sports event contract is sports gaming.

The federal appeals court over Ohio now agrees the state's law applies. What it has not done is order anyone out.

So sports still trade, for now. Here is who offers what, and where the risks sit.

Which prediction market apps work in Ohio

Most apps we rank accept Ohio residents, and most list sports contracts here. That makes Ohio far more open than neighboring Michigan.

Kalshi is the one under direct fire. Its sports contracts still trade, but Ohio has proposed a fine and won in court. Our page on whether Kalshi is legal in Ohio has the case.

Brokers such as Robinhood, Coinbase and Webull sell Kalshi's contracts, so an Ohio block on Kalshi would reach them too.

The sportsbook brands hold back. DraftKings and FanDuel run licensed sportsbooks in Ohio, so their prediction apps skip sports. PrizePicks and OG do too.

The table lists each app in our ranking order, with its status here and a link to our review.

Every app we rank, in ranking order, and where it stands in Ohio.
AppStatus in OhioMore
KalshiContested for sports contracts, with no restriction in forceIs Kalshi legal in Ohio?
Gemini PredictionsAvailable, sports includedGemini Predictions review
Polymarket USAvailable, sports includedPolymarket review
OGAvailable, but not for sports contractsOG review
Interactive BrokersAvailable; it lists no sports contracts anywhereInteractive Brokers review
RobinhoodAvailable, sports includedRobinhood review
ProphetXAvailable, sports includedProphetX review
CoinbaseAvailable, sports includedCoinbase review
WebullAvailable, sports includedWebull review
NovigAvailable, sports includedNovig review
DraftKings PredictionsAvailable, but not for sports contractsDraftKings Predictions review
Fanatics MarketsNot availableFanatics Markets review
FanDuel PredictsAvailable, but not for sports contractsFanDuel Predicts review
PrizePicksAvailable, but not for sports contractsPrizePicks review
Underdog PredictAvailable, sports includedUnderdog Predict review

Is Polymarket legal in Ohio?

Yes, through Polymarket US, on the public record. It runs on QCX LLC, a CFTC-designated exchange.

We found no Ohio action against Polymarket. The commission's 2025 orders went out before Polymarket US opened to Americans that December.

The Sixth Circuit's reasoning is not limited to Kalshi, though. It turns on what a sports contract is, not on which exchange lists it.

Polymarket publishes no state-by-state list. Check what the app offers before you fund an account.

Polymarket.com, the international crypto site, is a separate product and close-only for Americans. Our Polymarket review covers the US app.

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 Browns are 60¢ to win on Sunday 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.

You can also sell before the result. New to this? Start with what prediction markets are.

What Ohio has said about prediction markets

Ohio moved early. In spring 2025, the Casino Control Commission ordered three prediction market operators, Kalshi among them, to stop offering sports contracts.

That August, it warned its own sportsbook licensees that working with such platforms could cost them their licenses. It was the first state regulator to do so.

On April 14, 2026, it proposed a $5 million fine against Kalshi. The fine is not final.

Attorney General Dave Yost backed it the same day. “Ohio put Kalshi on notice today that its ‘prediction markets’ are unlawful gaming,” he wrote.

Lawmakers have joined in. Senate Bill 430 would count trading sports event contracts as sports wagering under Ohio law.

The court cases that shape Ohio's rules

One case matters most: KalshiEX LLC v. Schuler. Kalshi sued Ohio's regulators and attorney general in federal court in October 2025.

Judge Sarah D. Morrison denied Kalshi a preliminary injunction on March 9, 2026. A Sixth Circuit panel then refused to pause Ohio's law during the appeal.

On September 25, 2026, the Sixth Circuit ruled. It heard Ohio's case alongside Tennessee's, and all three judges sided with the states.

Kalshi's sports contracts are not swaps, the court held, so federal law does not shut out Ohio's. Blocking Ohio users is costly, it added, but “expensive does not mean impossible.”

That ruling binds federal courts in Ohio, Michigan, Kentucky and Tennessee. See how it plays out in Tennessee.

What Ohioans can trade

Sports lead, while they last. Browns, Bengals, Guardians, Reds, Cavaliers, Blue Jackets and Buckeyes markets all trade on the major apps.

Politics is hot this fall. Ohio elects a governor on November 3, 2026, with Vivek Ramaswamy against Amy Acton. See the live Ohio governor odds.

The same day, Jon Husted faces Sherrod Brown for a US Senate seat: Ohio Senate odds.

Economics, crypto and weather markets round it out.

The risks for Ohio traders

The law can change overnight. Ohio could act against Kalshi at any time.

Long-dated sports positions carry that risk most. A season-long Buckeyes contract could close before it settles.

You can lose everything you put into a contract. A 90¢ favorite that loses pays nothing.

Taxes apply. Ohio's income tax is a flat 2.75% on income over $26,050 in 2026. How the IRS treats event contracts is not settled.

Trade only what you can afford to lose. Our responsible trading guide covers limits and where to get help.

What could change for Ohio traders

Three things could. The commission could finalize its $5 million fine, or Ohio could take Kalshi to court.

Kalshi could ask the full Sixth Circuit to rehear the case, as it has in the Ninth.

New Jersey has already asked the Supreme Court to settle the question for every state. Kalshi's reply is due November 9.

And Senate Bill 430 could write the answer into Ohio law. Our litigation tracker follows each case.

Ohio prediction market timeline

Every change to prediction markets' standing in Ohio, newest first. Each entry links the ruling or report behind it.

The Sixth Circuit ruled Ohio's gaming law applies to Kalshi's sports contracts, upholding the denial of its injunction. No. 26-3196. Source
A Sixth Circuit panel refused to pause Ohio's gambling law while Kalshi appealed. Source
The Casino Control Commission gave notice it intends to fine Kalshi $5 million. The fine is not final. Source
A federal judge in Columbus denied Kalshi a preliminary injunction against Ohio's regulators. Source
Kalshi sued the Casino Control Commission and the attorney general in federal court. Source
The commission warned sportsbook licensees that working with prediction markets could jeopardize their licenses. Source
Legal sports betting launched in Ohio, online and in person. Source

Prediction markets vs sports betting in Ohio

Sports betting is legal in Ohio. Lawmakers approved it in December 2021, and it launched on January 1, 2023.

You can bet online, at casinos and racinos, at pro sports venues, or at kiosks in bars and restaurants. You must be 21 and in Ohio.

It is one of the country's biggest markets. Sportsbooks earned $1.04 billion in 2025 and paid about $209 million in state tax.

They pay a 20% tax, with 2% of it set aside for problem gambling. The apps pay none of it, which is Ohio's complaint.

You trade against other people on an exchange, not against a sportsbook's house odds.

How to choose a prediction market app in Ohio

Start with what you want to trade. Most apps list Ohio games, but the legal risk is real.

For politics and the economy, Polymarket US and Kalshi list the widest range, and nothing in Ohio targets those 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.

Prediction markets in Ohio: FAQ

Are prediction markets legal in Ohio?

Yes. The apps are CFTC-regulated and need no state license. Ohio says their sports contracts are illegal gaming, and a federal appeals court agrees its law applies.

Is Kalshi legal in Ohio?

Yes, for now. Kalshi's contracts still trade, sports included. But Ohio has proposed a $5 million fine, and the Sixth Circuit says Ohio law applies.

Is Polymarket legal in Ohio?

Polymarket US operates under the CFTC, and we found no Ohio action against it. The Sixth Circuit's reasoning is not limited to Kalshi, so its sports contracts carry the same risk.

Can I bet on sports in Ohio?

Yes, with a licensed sportsbook. Online and in-person betting have been legal since January 1, 2023. You must be 21 and in Ohio.

How old do you have to be to use prediction markets in Ohio?

18 on most apps. Novig and Interactive Brokers require 21, as do Ohio's sportsbooks.

Are prediction markets gambling in Ohio?

Ohio says sports contracts are, and the Sixth Circuit held that its gaming law applies to them. The apps call them federally regulated derivatives. Non-sports markets are not in dispute.

Is Robinhood's prediction market legal in Ohio?

Yes. Robinhood lists no Ohio restriction, sports included. Ohio ordered it to stop in 2025, and the Sixth Circuit's ruling reaches its contracts too.

Do I pay tax on prediction market profits in Ohio?

Yes. Profits are taxable income, and Ohio's rate is a flat 2.75% on income over $26,050 in 2026. How the IRS treats event contracts is not settled.

Is this legal advice?

No. It summarizes public rulings and filings, each cited. For a decision that matters, ask a lawyer licensed in Ohio.

Sources

  1. Sixth Circuit: KalshiEX LLC v. Schuler, Nos. 26-3196/5235 (Sep 25, 2026)
  2. S.D. Ohio: KalshiEX LLC v. Schuler, No. 2:25-cv-01165 (docket)
  3. WCPO / Journal-News: Ohio moves to fine Kalshi $5 million
  4. Sports Betting Dime: the $5 million notice and the 2025 cease-and-desist orders
  5. American Gaming Association: State of the States 2026, Ohio
  6. NEXTPredict: Ohio bill would treat sports event contracts as sports gaming
  7. CNBC: appeals court rules states can regulate Kalshi's sports prediction markets
  8. CFTC: amended order of designation, QCX LLC d/b/a Polymarket US
  9. Supreme Court docket: Flaherty v. KalshiEX, No. 26-299
  10. Kalshi fee schedule
  11. Tax Foundation: state income tax rates for 2026

18+. Event contracts can lose their entire value. Nothing here is financial or legal advice. Trading responsibly.