Legal status, available platforms, and tax information for prediction market trading in Nevada (NV).
Nevada classifies some prediction market contracts as gambling, creating restrictions for platforms like Kalshi and Polymarket. The state gaming commission has oversight, limiting real-money prediction market availability.
Prediction markets regulated by the CFTC (Commodity Futures Trading Commission) are generally permitted under federal law across all US states. However, individual states may impose additional restrictions that affect platform availability.
| Platform | Available | Notes |
|---|---|---|
| Kalshi | Not available in this state | |
| Polymarket | Not available in this state | |
| FanDuel Predicts | Available | |
| DraftKings Predictions | Not available in this state | |
| Robinhood Sports | Not available in this state | |
| PredictIt | Available | |
| Interactive Brokers ForecastTrader | Available | |
| CME Group Event Contracts | Available | |
| Manifold Markets | Play-money — no restrictions | |
| Metaculus | Play-money — no restrictions |
Availability may change. Last verified April 2026.
Nevada has no state income tax. Prediction market profits are only subject to federal taxation.
At the federal level, prediction market profits are generally reported as capital gains on IRS Form 8949 and Schedule D. The IRS treats prediction market contracts similarly to other financial derivatives. Consult a qualified tax professional for personalized advice.
