Is Kalshi legal in New York?
Kalshi accepts residents of New York, but sports event contracts are disputed there. What is available, what changed and when, and how to check.
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Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
At a glance
Available, with a legal dispute pending. Kalshi accepts eligible residents of New York under federal CFTC oversight. New York's gaming regulator sent Kalshi a cease-and-desist letter in October 2025, a federal judge denied Kalshi an injunction on July 7, 2026, and the state sued Kalshi (July 31, 2026) and Polymarket US (September 24, 2026); the CFTC has sued New York, and Novig has sued the state too. What you can trade in New York, sports contracts in particular, may change — see what changed. New traders trade $25 and get $25! with code COLLEGEPM.
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COLLEGEPM
Claim on Kalshi (opens in a new tab)
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Last checked October 21, 2026
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Trade real-money event contracts on Kalshi, the CFTC-regulated US exchange. Trade $25 and use bonus code COLLEGEPM at sign-up to get $25.
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Trade on Kalshi — Get $25 (opens in a new tab)21+. Gambling problem? Call 1-800-GAMBLER.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
21+. Gambling problem? Call 1-800-GAMBLER.
How Kalshi operates in New York
Kalshi is a Designated Contract Market regulated by the Commodity Futures Trading Commission (CFTC) — the same federal category as major futures exchanges. Kalshi's position is that this federal framework governs its event contracts in New York. New York authorities or courts have disputed that for sports event contracts, and the question has not been finally decided.
Who can trade in New York
To open an account from New York you must be 18 or older (21+ in some jurisdictions), be a US resident, and complete Kalshi's identity verification (legal name, date of birth, address, and SSN). Verification is usually instant. Once you confirm your location, the app shows exactly which markets you can trade in New York.
What you can trade
Kalshi's core menu — politics, economics, climate, inflation, and culture markets — is broadly available in New York. Some sports-related contract categories have been challenged by state regulators and may be limited; Kalshi displays the current status for New York at sign-up. For the full national picture, see where Kalshi is legal state by state and our guide to whether Kalshi is legal.
How to sign up from New York
Have your driver's license or passport ready plus a US bank account for ACH. The whole flow takes about ten minutes, and new traders trade $25 and get $25! with bonus code COLLEGEPM.
Sign up on Kalshi → (opens in a new tab)21+. Gambling problem? Call 1-800-GAMBLER.
What changed in New York
Court rulings, regulator actions and bills that affect prediction markets in New York. Newest first. Checked against sources on October 1, 2026. This is a record of public events, not legal advice.
September 24, 2026
New York sues Polymarket US in state court
The New York Attorney General and Governor announced a lawsuit against QCX LLC, doing business as Polymarket US, alleging it runs an unlicensed gambling operation. The suit seeks an order stopping it from operating in the state, plus fines, forfeiture of gains and restitution.
Source: New York State Attorney General (opens in a new tab)
September 24, 2026
Polymarket files its own suit against New York
Reported by Sports Betting Dime. Trade press reported that Polymarket filed a countersuit on the same day New York sued it, seeking preliminary and permanent injunctions against enforcement of state gambling laws on its sports event contracts.
September 14, 2026
DeFi Rate reports a hearing on the CFTC's request to block New York enforcement
Reported by DeFi Rate. A federal judge in the Southern District of New York heard the CFTC's request for a preliminary injunction against New York officials. Press coverage described the judge as skeptical; no ruling was reported at the time.
Source: DeFi Rate (opens in a new tab)
August 12, 2026
New York City Council opens inquiry into prediction market advertising
The New York City Council announced an investigation into prediction market operators' marketing practices, with a focus on advertising directed at young people.
August 11, 2026
CFTC issues emergency order telling Kalshi to keep operating amid New York suit
After Kalshi notified the CFTC of a market emergency arising from New York's state-court lawsuit, which the CFTC said seeks a nationwide restraining order and more than $36 billion, the agency used its emergency authority to order the exchange to continue operating under federal core principles.
August 4, 2026
Novig sues New York
Novig filed a federal lawsuit against the New York Attorney General and members of the State Gaming Commission, seeking an injunction to prevent the state from enforcing its gambling laws against Novig's sports event contracts.
July 31, 2026
New York sues Kalshi in state court
The New York Governor and Attorney General announced a state-court lawsuit alleging Kalshi operates an unlicensed gambling business, seeking a court order to stop it and to recover fines, illegal gains and restitution for users.
Source: New York State Attorney General (opens in a new tab)
July 27, 2026
Federal court rejects Kalshi bid for injunction pending appeal in New York
Reported by CDC Gaming (brief). The U.S. District Court for the Southern District of New York rejected Kalshi's emergency request for an injunction while it appeals, according to trade press.
July 7, 2026
Federal judge denies Kalshi injunction against New York regulators
U.S. District Judge Analisa Torres denied Kalshi's request for a preliminary injunction against the New York State Gaming Commission, finding New York gambling laws are not preempted as applied to Kalshi's sports contracts. Kalshi appealed.
May 22, 2026
New York Senate committee advances bill restricting prediction markets
Reported by Sports Betting Dime. Senate bill S9414, which would prohibit event contracts on sports, politics and certain other topics and raise the minimum age to 21, was reported out of the Senate Racing, Gaming and Wagering Committee and sent to the Finance Committee. It has not become law.
April 24, 2026
CFTC sues New York over enforcement against prediction markets
The CFTC filed suit in the Southern District of New York seeking a declaration that federal law gives it exclusive authority over event contracts and a permanent injunction against state enforcement of gambling laws on its registrants.
April 24, 2026
New York joins 38-state brief supporting Massachusetts against Kalshi
The New York Attorney General joined a bipartisan group of attorneys general in a brief to the Massachusetts Supreme Judicial Court arguing that Kalshi must follow state gambling laws.
Source: New York State Attorney General (opens in a new tab)
April 21, 2026
New York Attorney General sues Coinbase and Gemini over prediction markets
The Attorney General sued Coinbase Financial Markets and Gemini Titan, alleging their prediction markets are unlicensed gambling operations under New York law and seeking fines, forfeiture of profits and restitution.
Source: New York State Attorney General (opens in a new tab)
February 3, 2026
New York Attorney General issues consumer alert on prediction markets
Reported by Sports Betting Dime. Ahead of the Super Bowl, the Attorney General warned New Yorkers that prediction markets do not carry the same consumer protections as licensed platforms and cautioned operators about unlicensed sports wagering.
November 10, 2025
New York Assembly bill would prohibit certain sports event contracts
Reported by Sports Betting Dime. Trade press reported that Assembly bill A9251 was introduced to prohibit event contracts on single athletic events and several other categories. Introduction only; it has not become law.
October 30, 2025
New York regulator agrees to pause enforcement against Kalshi pending ruling
Reported by Sports Betting Dime. In a court filing, the New York State Gaming Commission agreed not to enforce its cease-and-desist letter against Kalshi until the court ruled on Kalshi's request for an injunction.
October 27, 2025
Kalshi sues New York gaming regulators
Kalshi filed a federal lawsuit against New York officials seeking to stop enforcement of a cease-and-desist letter, arguing its sports event contracts are regulated exclusively under federal law.
October 24, 2025
New York State Gaming Commission sends Kalshi a cease-and-desist letter
According to Kalshi's court complaint as quoted by Event Horizon, the Gaming Commission told Kalshi that offering sports event contracts in New York without a sports wagering license violates state law and directed it to stop.
Sources & further reading
- CFTC Grants Kalshi DCM Designation (Release 8342-21) (opens in a new tab)U.S. Commodity Futures Trading Commission (CFTC)
- Designated Contract Markets under the Commodity Exchange Act (opens in a new tab)CFTC
- Kalshi — availability and eligibility (opens in a new tab)Kalshi
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Trade on Kalshi → (opens in a new tab)Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
21+. Gambling problem? Call 1-800-GAMBLER.
Frequently asked questions
Is Kalshi legal in New York?
Kalshi accepts eligible residents of New York and operates under federal CFTC oversight as a Designated Contract Market. New York's gaming regulator sent Kalshi a cease-and-desist letter in October 2025, a federal judge denied Kalshi an injunction on July 7, 2026, and the state sued Kalshi (July 31, 2026) and Polymarket US (September 24, 2026); the CFTC has sued New York, and Novig has sued the state too. Courts have not finally decided whether state gambling law applies to sports event contracts, so what you can trade in New York may change. This is not legal advice.
Do I have to be 18 to trade on Kalshi in New York?
Yes. You must be 18 or older (21+ in some jurisdictions) and pass Kalshi's KYC identity verification. Event contracts are speculative and can result in loss of the funds you commit.
Can I trade sports markets on Kalshi in New York?
Sports event contracts are the disputed category in New York. New York's gaming regulator sent Kalshi a cease-and-desist letter in October 2025, a federal judge denied Kalshi an injunction on July 7, 2026, and the state sued Kalshi (July 31, 2026) and Polymarket US (September 24, 2026); the CFTC has sued New York, and Novig has sued the state too. The Kalshi app shows which markets are open in New York once you verify your location.
How do I get the Kalshi bonus in New York?
New traders in New York trade $25 and get $25! when they sign up through our link and enter bonus code COLLEGEPM at registration. Terms are set by Kalshi and may change.
21+ · T&Cs apply · Terms
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
