Legal status, available platforms, and tax information for prediction market trading in New Mexico (NM).
New Mexico allows CFTC-regulated prediction markets. All major platforms are available to state residents.
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 | Available | |
| Polymarket | Available | |
| FanDuel Predicts | Available | |
| DraftKings Predictions | Available | |
| Robinhood Sports | Available | |
| 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.
New Mexico taxes capital gains as ordinary income at rates from 1.7% to 5.9%. Prediction market profits should be reported on your state return.
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.
