Quick Facts About FL Prediction Markets
- Prediction market apps offer tradable event contracts in Florida.
- They operate under CFTC oversight.
- FL prediction market apps accept only traders aged 18+.
Open Polymarket
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
Open OG
18+ If you or someone you know has a gambling problem, call 1-800-GAMBLER Prediction is an event contract that is a derivatives product offered by Crypto.com: Buy, Sell & Trade Crypto with a Trusted App | Derivatives North America (CDNA), a CFTC-regulated exchange through OG technology. Trading on CDNA involves risk and may not be appropriate for all. By trading you risk losing your cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Terms apply. Trading involves risk of loss. Bonus credits cannot be withdrawn immediately.
How Are Prediction Markets Legal in Florida?
Prediction market apps are currently available in Florida. These platforms can operate in the state because they’re not sportsbooks that have to register with the FL Gaming Control Commission (FGCC). Instead, they’re trading hubs regulated by the Commodity Futures Trading Commission (CFTC).
From our findings, the
prediction market legality
in Florida isn’t different from that in other US states. In the apps, you buy and sell Yes/No event contracts, priced from $0.01 to $0.99. If the outcome you back happens, you receive a $1 payout per contract.
The Yes/No contracts are financial derivatives under CFTC regulations, not betting odds. Also, the contract prices are based on market conditions as traders buy and sell. Prediction market apps don’t set the rates directly.
Top 3 Prediction Market Apps in Florida
Our best three prediction market platforms in Florida are Crypto.com, Kalshi, and OG. Let’s share our reviews of each app, so you know why we recommend them:
Crypto.com: Pros & Cons
- Competition-based promotions
- iOS & Android apps
- Minimalist website design
- Beginner-friendly
The Crypto.com mobile app is available on iOS and Android, and it's one of the most popular in Florida. If you install it, you can trade event contracts in sports, crypto, politics, culture, economics, tech, and climate prediction markets. As such, the platform scores high in terms of coverage.
We rank Crypto.com as the best for performance thanks to the mobile app’s design. In the prediction market section, you can quickly browse the different categories from the top menu. Meanwhile, each event card features Yes/No contracts in blue and red colors for easy distinction.
Crypto.com’s filtering options are also worth mentioning. If you select an event, you can sort the contract price history by 1 hour, 6 hours, 1 day, 1 week, or 1 month. All these make it easy to analyze the prediction markets for potentially better trades.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn't guarantee future results. This is not a solicitation or recommendation to trade.Â
Kalshi – Best for Prediction Market Variety
Kalshi: Pros & Cons
- Fully CFTC-regulated exchange
- Diverse markets including sports, politics, and economics
- Supports PayPal, Venmo, and Crypto deposits
- Highly rated mobile app for iOS and Android
- Trading fees apply to both makers and takers
- Bank withdrawals can take several business days
Next on our
list of prediction market apps
in FL is Kalshi, another popular platform. We counted 10+ prediction market categories on Kalshi, making it a top pick for trading if your primary interest is variety. In each market, you’ll find tens to hundreds of events, each with Yes/No contracts.
The popular prediction markets on Kalshi are sports, politics, culture, and crypto. Besides those, you can also trade contracts in climate, economics, tech & science, finance, and mentions. When you launch the app, you’ll see all the categories in the top row. Meanwhile, the home page curates the trending events each day, so you can easily find them.
Several events we found on Kalshi relate to Florida. In politics, for instance, we predicted the winner of the Florida Governor's race. Then, switching to sports, we saw games featuring local teams such as the Miami Dolphins, Orlando Magic, Tampa Bay Rays, and Inter Miami CF.
OG: Pros and Cons
- Secure and regulated by the CFTC
- No user limiting on trades
- Wide range of market categories
- Great National Championship offer
- Sports contracts are restricted in some states
Some Florida prediction market apps don’t have promos, but OG is different. If you register with this platform, you can claim up to a $100 bonus in your first seven days. All you have to do is execute trades, starting at a minimum of just $10.
We received the OG welcome bonus after completing qualifying trades in sports and crypto prediction markets. The app also has events in economics, politics, tech, culture, and climate. Based on the terms and conditions we reviewed, all markets are eligible for the sign-up offer.
Beyond the promo for new traders in Florida, OG runs a VIP program. As a member, you get access to exclusive bonuses, higher deposit limits, and a dedicated account manager. However, the scheme is invite-only. You have to fill out a form, and OG will admit you into the VIP program if you qualify.
Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a OG) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations.Â
How to Trade in Prediction Markets in Florida
At this point, we’ve clarified that prediction markets are legal in Florida because they're CFTC-regulated. Also, we’ve detailed our top three apps to use in the Sunshine State. If you’re ready to start trading, here are the steps to take:
Create an Account
To start with, pick your preferred Florida prediction market app from our list. Then, tap its links on this page to download and install. When you launch the app, open the sign-up form, fill it out, and submit to create an account. The entire process shouldn’t take more than five minutes.
Verify Your Identity
Due to regulations, prediction markets follow strict Know Your Customer (KYC) rules. Before trading, the platforms must confirm that you’re at least 18 years old and truly a resident of Florida. From our tests, these are the usually requested documents:
In our experience, the verification process typically takes a few minutes or hours.
Deposit
Once your account is verified, you can add funds to your balance to trade. The common payment options in Florida include credit/debit cards, Apple Pay, Google Pay, PayPal, Venmo, crypto, and ACH transfer. That said, availability varies by platform. Note that some prediction market apps may charge deposit fees for certain methods.
Purchase Event Contracts
For each prediction market event, you buy Yes contracts if you believe an outcome will happen and No if you don’t. It’s that straightforward. Here’s an example of an NFL game involving Florida’s Miami Dolphins:
| Event | Yes contract | No contract |
The price can be read as a 31% chance of the Dolphins winning and a 70% chance of them losing.
Sell or Wait for Settlement
After purchasing your contracts, you can choose to sell them at any time. Otherwise, you wait for the events to settle and receive $1 for each contract if your prediction is correct. If wrong, the contracts become $0.
Pros and Cons of Florida Prediction Markets
From our reviews of prediction market apps in the Sunshine State, here are the pros and cons we observed:
Pros and Cons
- Regulated by the CFTC
- Sports, politics, and many other categories
- Simple $1 settlement per winning contract
Conclusion – Get a Reliable Prediction Market App in Florida
Federal law is the reason why prediction markets are legal in Florida. CFTC regulations preempt local rules on financial derivatives, so the apps can operate in the Sunshine State and other locations. If you’re in FL, what matters is picking the right platform.
You can consider Crypto.com, Kalshi, and OG. Our tests confirm that they’re the three best in the state, each offering event contracts in a wide range of prediction markets. They all maintain the Yes/No trading pattern and $1 payout per winning contract, so the system stays simple.
As experts, we know that online trading regulations can change at any time. Therefore, it’s important to monitor any legal developments regarding the use of prediction markets in Florida. That said, you can click the links on this page to register with any of our top-rated apps.
Top-Rated Prediction Market Sites
1.
2.
Open Polymarket
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
3.
4.
Trade $10, Get $10 Welcome Offer
Open OG
18+ If you or someone you know has a gambling problem, call 1-800-GAMBLER Prediction is an event contract that is a derivatives product offered by Crypto.com: Buy, Sell & Trade Crypto with a Trusted App | Derivatives North America (CDNA), a CFTC-regulated exchange through OG technology. Trading on CDNA involves risk and may not be appropriate for all. By trading you risk losing your cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Terms apply. Trading involves risk of loss. Bonus credits cannot be withdrawn immediately.
5.
Are Prediction Markets Legal in Florida? FAQs
🏖️ Can I Bet on Prediction Market Apps in Florida?
You don’t bet on prediction market apps, as they’re not sportsbooks. On the platforms, you trade only Yes-or-No event contracts, which are financial derivatives.
📱 What Is the Best Prediction Market App in Florida?
The best prediction market app in Florida is subjective and depends on your preferences as a trader. That said, our top three picks in the state are Crypto.com, Kalshi, and OG.
âś… Are Florida Prediction Markets Legitimate?
Yes, Florida prediction market platforms like Crypto.com, Kalshi, and OG are legitimate. The apps are regulated by the CFTC, so they’re permitted to operate in FL and many other states.
đź’° How Do FL Prediction Markets Pay Out?
FL prediction markets pay out $1 per event contract if correct and $0 if wrong. For instance, if you purchase 100 contracts and win, you’ll receive a $100 payout. The difference between the payout and the cost of the trade is your profit.
đźš« Will Florida Ban Prediction Markets?
Florida doesn’t ban prediction markets, and we didn’t see an active legislation suggesting that the state will. Prediction markets are allowed in FL under CFTC oversight.
For guidance on responsible trading and risk awareness, the following free official resources are available:
To make sure you get accurate and helpful information, this guide has been edited by
Ryan Leaver
as part of our fact-checking process.
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