Legal status, available platforms, and tax information for prediction market trading in Utah (UT).
Utah allows CFTC-regulated prediction markets, though the state has conservative gambling laws. DraftKings Predictions is not available, but Kalshi and other regulated platforms operate under federal authority.
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 | Not available in this state | |
| 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.
Utah taxes capital gains as ordinary income at a flat rate of 4.65%. Prediction market profits are subject to state income tax.
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.
