Yes. Prediction markets are legal in Florida in 2026.
Florida's sports betting situation is unusual: the Seminole Tribe's Hard Rock Bet is the only legal state-regulated sportsbook in Florida following the compact approved in 2021, after years of legal battles. FanDuel, DraftKings, and BetMGM do not have active sportsbook licenses in Florida.
This makes prediction markets particularly valuable for Florida residents who want to trade on sports outcomes but cannot access mainstream national sportsbooks. CFTC-regulated prediction market platforms are available to Florida residents statewide.
What Florida Residents Can Access
Kalshi — Available to Florida residents. Full market catalog. Sports contracts available in Florida as it is not a state where prediction market platforms hold an active sportsbook license (the exception that would restrict sports contracts).
FanDuel Predicts — FanDuel Predicts offers sports contracts in Florida specifically because FanDuel does not hold a state sportsbook license there (Hard Rock Bet has the Seminole compact exclusivity). This means Florida is one of FanDuel's key prediction market sports states.
DraftKings Predictions — Available in Florida with sports contracts. DraftKings does not have a Florida sportsbook license, so prediction market sports coverage is unrestricted.
Robinhood — Available in Florida. Zero commission.
OG.com — Available in Florida. Sports-forward with low fees.
Florida's Tribal Gaming Dynamic
The Seminole Tribe's exclusive compact creates a politically complex environment for prediction markets in Florida. The Tribe has financial incentive to resist federal prediction market expansion, similar to tribal gaming interests in California and Wisconsin.
As of April 2026, prediction market platforms continue to operate in Florida under CFTC federal jurisdiction. Legal challenges from Florida tribal interests remain a risk to monitor.
Platform Availability in Florida
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Related Markets
Frequently Asked Questions
§ References & Sources
- Commodity Futures Trading Commission (CFTC)— U.S. federal regulator
- CFTC Designated Contract Markets list— CFTC
- 26 U.S. Code § 1256 — Section 1256 contracts marked to market— Cornell Law / U.S. Code
- IRS Form 6781 — Gains and Losses From Section 1256 Contracts— Internal Revenue Service
- National Council on Problem Gambling — 1-800-GAMBLER— NCPG