Directory · CFTC registrations as recorded Oct. 22, 2026
List of prediction markets in the US
Every exchange, app, clearinghouse and applicant we track, with its CFTC registrations and how its contracts reach users. A listing is not an endorsement, and registration does not settle whether a state can regulate a platform.
- 17CFTC-designated exchanges
- 10apps and brokers
- 15pending applicants
Exchanges (17)
CFTC-designated contract markets that list event contracts.
| Name | Legal entity | CFTC registration | Contracts | Source |
|---|---|---|---|---|
| CME GroupFutures exchange whose event contracts underpin FanDuel Predicts, launched with FanDuel on 2025-12-22. | Chicago Mercantile Exchange, Inc. | DCM, DCODCM and DCO both dated 2000-12-21 on CFTC listings; the DCO was registered by operation of law under the CFMA and is designated systemically important (CFTC industry filings) | economics, culture, sports | CFTC Industry Filings: Designated Contract Markets (page 2) |
| Crypto.com Derivatives North America (CDNA)Long-running DCM and DCO, formerly NADEX, that lists and clears event contracts for Crypto.com's own products and for partner front ends. | North American Derivatives Exchange (d/b/a Crypto.com Derivatives North America) | DCM, DCODCM and DCO both dated 2004-02-18 on CFTC listings: originally HedgeStreet, renamed NADEX in 2009, and permitted margined futures by a 2025 order (CFTC industry filings) | sports, economics, politics, culture | CFTC Industry Filings: Designated Contract Markets (page 2) |
| Electron ExchangeReceived its DCM designation and an affiliated DCO registration in August 2025, and DeFi Rate counts it among the approvals of that period. | Electron Exchange DCM, LLC | DCM, DCODCM designated 2025-08-29; affiliate Electron Exchange DCO, LLC registered 2025-08-25 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| ForecastExExchange and clearinghouse affiliated with Interactive Brokers. | ForecastEx LLC | DCM, DCODCM designated 2024-06-24; DCO registered 2024-06-24 (CFTC industry filings) | sports, politics | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Gemini Predictions (Gemini Titan)Gemini affiliate designated as a DCM on 2025-12-10. | Gemini Titan, LLC | DCMDCM designated 2025-12-10 (CFTC industry filings; Gemini release) | Not stated | Gemini investor release: Gemini receives US license for prediction markets (2025-12-10) |
| JuiceXSports-focused exchange building live, in-game event contract markets. | Juice Exchange, LLC | DCMDCM designated 2026-07-24 (CFTC industry filings); company announced the designation 2026-08-06 | sports | CFTC Industry Filings: Designated Contract Markets (page 1) |
| KalshiCFTC-designated exchange with an affiliated clearinghouse listing event contracts on sports, politics and economics. | KalshiEX LLC | DCM, DCODCM designated 2020-11-03, with the CFTC granting a petition to modify the designation order on 2025-01-17; affiliate Kalshi Klear LLC registered as a DCO 2024-08-28 (CFTC industry filings) | sports, politics, economics | CFTC Industry Filings: Designated Contract Markets (page 1) |
| NovigSports-focused operator whose affiliate Ludlow Exchange was designated a DCM in June 2026, with plans to offer sports event contracts nationally to users 21 and older. | Ludlow Exchange, LLC | DCMDCM designated 2026-06-16 (CFTC industry filings; CFTC order of designation) | sports | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Optex MarketsDeFi Rate listed it as a pending prediction-market DCM applicant in February 2026, and it was designated in July 2026. | Optex Markets LLC | DCMDCM designated 2026-07-09; affiliate Optex Clearing LLC has a pending DCO application dated 2026-04-17 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Polymarket USUS exchange and clearinghouse that Polymarket obtained by buying QCEX, a deal The Defiant put at $112M. | QCX LLC d/b/a Polymarket US | DCM, DCODCM (QCX LLC) designated 2025-07-09; affiliate QC Clearing LLC d/b/a Polymarket Clearing registered as a DCO 2024-12-16 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| ProphetXSports-only exchange that clears its own contracts. | ProphetX LLC | DCM, DCODCO registered 2026-06-10; DCM designated 2026-06-11 (CFTC industry filings) | sports | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Quanta ExchangeDCM designated in May 2025 and counted by DeFi Rate among the approvals in the current prediction-market pipeline. | Quanta Exchange, Inc. | DCM, DCODCM designated 2025-05-30, after a legal name change from The Environmental Exchange, Inc. on 2025-03-19; affiliate Quanta Clear, Inc. registered as a DCO 2026-09-28 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Railbird Exchange (DKeX)DCM bought by DraftKings (reported October 2025) to support DraftKings Predictions; a market-maker filing gives a d/b/a of DKeX. | Railbird Exchange, LLC | DCMDCM designated 2025-06-13 (CFTC industry filings); a CFTC staff notice dated 2026-05-04 named Bitnomial as its clearinghouse (per DeFi Rate) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| RotheraExchange and clearinghouse bought in January 2026 by a Robinhood-controlled venture with Susquehanna investment and rebranded from MIAXdx; it serves as the back end for Robinhood's prediction markets. | Rothera Exchange and Clearing LLC | DCM, DCODCM designated 2019-06-24 and DCO registered 2017-07-24 under earlier names (LedgerX LLC, FTX US Derivatives, MIAX Derivatives Exchange); renamed Rothera after a corporate transaction on 2026-01-20 (CFTC industry filings) | sports | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Underdog Exchange (formerly Aristotle Exchange)DCM and DCO approved in September 2025 for Aristotle, the operator of PredictIt, and sold to Underdog in a deal announced 2026-03-09. | Aristotle Exchange DCM, Inc. | DCM, DCODCM designated 2025-09-05; DCO now Underdog Clearinghouse, Inc. (formerly Aristotle Exchange DCO, Inc.), registered 2025-09-05 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Water Street LabsPending prediction-market DCM applicant per DeFi Rate in February 2026, designated by the CFTC in July 2026. | Water Street Labs, LLC | DCMDCM designated 2026-07-16 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Xchange AlphaDesignated in January 2026 after a review DeFi Rate put at about 204 days. | Xchange Alpha, LLC | DCMDCM designated 2026-01-30 (CFTC industry filings); DeFi Rate reported MIAX Futures Exchange, LLC as its clearing designee | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
Apps and brokers (10)
Consumer apps that offer event contracts by routing trades to an exchange.
| Name | Legal entity | CFTC registration | Contracts trade on | Source |
|---|---|---|---|---|
| CoinbaseCoinbase announced a prediction-markets expansion in its 2025-12-17 product update. | Not stated | None on fileAffiliates: Coinbase Derivatives, LLC DCM designated 2020-11-23 (formerly LMX Labs, LLC; renamed 2023-12-21); Coinbase Clearing LLC DCO registered 2026-09-28 (CFTC industry filings) | Not stated | DeFi Rate: Coinbase acquires The Clearing Company (2025-12-22) |
| DraftKings PredictionsDraftKings' prediction product launched in December 2025 and passed $2.3B in annualized volume by May 2026, per DeFi Rate, using Wedbush Securities as its outside FCM. | GUS III LLC (introducing broker) | IBGUS III LLC is DraftKings' registered introducing broker (date not verified); DraftKings filed for FCM status in 2026-02 (DeFi Rate) | Crypto.com (CDNA) and CME Group as of May 2026; affiliate Railbird Exchange (DKeX) planned | DeFi Rate: DraftKings Predictions tops $2.3B annualized volume ahead of Railbird launch (2026-05-08) |
| Fanatics MarketsFanatics launched Fanatics Markets on 2025-12-03 through a partnership with Crypto.com, whose CDNA unit lists and clears the contracts. | Not stated | None on file | Crypto.com (CDNA) | The Block: Fanatics launches prediction market with Crypto.com (2025-12-03) |
| FanDuel PredictsFanDuel and CME Group launched the product on 2025-12-22 in Alabama, Alaska, South Carolina, North Dakota and South Dakota, offering contracts on economic indicators, cultural moments and sports. | Not stated | None on file | CME Group | DeFi Rate: FanDuel Predicts launches in five states with CME Group (2025-12-22) |
| OGCrypto.com launched the OG prediction app on 2026-02-03, with a social feed and leaderboard. | Not stated | None on file | Crypto.com Derivatives North America (CDNA) | Covers: Crypto.com unveils prediction platform experience OG (2026-02-03) |
| PrizePicksFantasy sports operator offering prediction markets in 38 states and DC through Performance Predictions, described as a federally approved FCM. | Not stated | None on file | Kalshi; Polymarket | CDC Gaming: PrizePicks integrates Kalshi after Polymarket partnership (2025-11-17) |
| RobinhoodBrokerage app that started a prediction markets hub with Kalshi and has since moved onto its own Rothera exchange, live from late May to early June 2026. | Not stated | None on file | Rothera (Robinhood-controlled affiliate) since mid-2026; Kalshi (earlier partner) | The Block: Robinhood teams up with Kalshi to launch prediction markets hub |
| UnderdogFantasy sports operator that has offered event contracts through Crypto.com since late summer 2025. | Not stated | None on file | Crypto.com (CDNA) via technology partnership since late summer 2025; affiliate Underdog Exchange (formerly Aristotle Exchange) after the March 2026 acquisition | SBC Americas: Underdog acquires Aristotle Exchange (2026-03-09) |
| WebullBrokerage that partnered with Kalshi (reported February 2025) to offer event contracts. | Not stated | None on file | Kalshi | BrokerChooser: Webull's 2026 prediction market (2026-06-11) |
| Wedbush SecuritiesOutside FCM used by DraftKings Predictions as of May 2026, while DraftKings' own FCM application was pending. | Not stated | FCM | Not stated | DeFi Rate: DraftKings Predictions tops $2.3B annualized volume ahead of Railbird launch (2026-05-08) |
Clearinghouses (2)
Registered clearing organizations that settle event-contract trades.
| Name | Legal entity | CFTC registration | Contracts | Source |
|---|---|---|---|---|
| BitnomialDeFi Rate reported that a May 2026 CFTC staff notice named Bitnomial as the clearinghouse for DraftKings' Railbird exchange. | Bitnomial Clearinghouse, LLC | DCM, DCOBitnomial Exchange, LLC DCM designated 2020-04-17; Bitnomial Clearinghouse, LLC DCO registered 2023-12-15 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Coinbase ClearingCoinbase affiliate registered in September 2026 as a DCO for fully collateralized futures, options on futures and swaps. | Coinbase Clearing LLC | DCODCO registered 2026-09-28 (CFTC industry filings) | Not stated | CFTC Industry Filings: Derivatives Clearing Organizations (page 1) |
Applicants (15)
Firms that have applied to the CFTC but were not yet approved when recorded.
| Name | Legal entity | CFTC registration | Contracts | Source |
|---|---|---|---|---|
| 365PredictionPending DCM applicant on the CFTC listing. | 365Prediction, LLC | None on fileDCM application pending on CFTC listing (dated 2026-06-10) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Bullish MarketsPending DCM applicant with a companion DCO application filed the same day. | Bullish Markets LLC | None on fileDCM application pending on CFTC listing (dated 2026-05-07); affiliate Bullish Clearing & Settlement LLC DCO application pending (dated 2026-05-07) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| DimeTradesPending DCM applicant. | PredictCraft Mkt Inc. d/b/a DimeTrades | None on fileDCM application pending on CFTC listing (dated 2026-02-11) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| EventivePending DCM applicant. | Eventive III, LLC | None on fileDCM application pending on CFTC listing (dated 2026-05-20); related Eventive IV, LLC DCO application pending (dated 2026-05-01) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| ForumEXPending DCM applicant with a companion DCO application, both dated August 2026 on CFTC listings. | ForumEX LLC | None on fileDCM application pending on CFTC listing (dated 2026-08-21); affiliate Forum Clearing LLC DCO application pending (dated 2026-08-03) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Limitless Markets USPending DCM applicant on the CFTC listing. | Limitless Markets US, LLC | None on fileDCM application pending on CFTC listing (dated 2026-05-01) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| OneChronos MarketsPending DCM applicant that DeFi Rate listed in February 2026 among the prediction-market applications. | OneChronos Markets DCM LLC | None on fileDCM application pending on CFTC listing (dated 2025-07-31) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| PMEX MarketsPending DCM applicant with a companion DCO application filed the same day. | PMEX Markets | None on fileDCM application pending on CFTC listing (dated 2026-02-09); affiliate PMEX Clearing, Inc. DCO application pending (dated 2026-02-09) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| RSBIXPending DCM applicant that DeFi Rate listed in February 2026 among the prediction-market applications. | RSBIX, LLC | None on fileDCM application pending on CFTC listing (dated 2025-09-16) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| Six MarketsPending DCM applicant with a companion DCO application filed the same day. | Six Markets LLC | None on fileDCM application pending on CFTC listing (dated 2026-04-30); affiliate Six Clearing LLC DCO application pending (dated 2026-04-30) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| SmarketsBetting-exchange operator that, per DeFi Rate, is seeking CFTC approval to offer US prediction markets. | Smarkets Board of Trade Exchange LLC (d/b/a Smarkets Exchange) | None on fileDCM application pending on CFTC listing (dated 2026-03-03); affiliate Smarkets Board of Trade Clearing LLC DCO application pending (dated 2026-02-11) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| SporttradeSports trading company whose clearing affiliate was registered as a DCO on 2026-10-16; its DCM application is still pending. | Sporttrade DCM LLC | DCODCM application pending on CFTC listing (dated 2026-01-27); affiliate Sporttrade DCO LLC registered as a DCO 2026-10-16 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| TLD MarketsPending DCM applicant with a companion DCO application. | TLD Markets, Inc. | None on fileDCM application pending on CFTC listing (dated 2026-04-22); affiliate TLD Clearing, Inc. DCO application pending (dated 2026-03-27) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| tZEROIts DCO affiliate was registered on 2026-10-16, while the companion DCM application is still pending. | tZERO DCM, LLC | DCODCM application pending on CFTC listing (dated 2025-11-21); affiliate tZERO DCO, LLC registered as a DCO 2026-10-16 (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
| XV ExchangeDCM applicant that DeFi Rate ties to STX, filed with a companion DCO application; both are still pending. | XV Exchange, LLC | None on fileDCM application pending on CFTC listing (dated 2025-12-09); affiliate XV Clearing, LLC DCO application pending (dated 2026-02-27) (CFTC industry filings) | Not stated | CFTC Industry Filings: Designated Contract Markets (page 1) |
Offshore (1)
Venues outside U.S. regulation that do not accept U.S. users.
| Name | Legal entity | CFTC registration | Contracts | Source |
|---|---|---|---|---|
| PolymarketCrypto-based global prediction market that is not itself CFTC-registered; its group owns the Polymarket US exchange and clearinghouse. | Not stated | None on file | Not stated | Bloomberg Government: Polymarket funding led by 1789 values firm at $21B (2026-08-31) |
Questions
- How many prediction markets are there in the US?
- As recorded on Oct. 22, 2026: 17 CFTC-designated exchanges listing event contracts, 10 apps and brokers that route trades to them, and 15 applicants awaiting approval.
- What are some apps like Kalshi and Polymarket?
- Other U.S. exchanges listing event contracts include CME Group, Crypto.com Derivatives North America (CDNA), Electron Exchange, ForecastEx, Gemini Predictions (Gemini Titan) and JuiceX. Apps such as Coinbase, DraftKings Predictions, Fanatics Markets, FanDuel Predicts and OG offer contracts through exchanges.
- Is the international Polymarket a US prediction market?
- No. Polymarket's international site is outside U.S. regulation and not for U.S. users; Polymarket US runs on a CFTC-designated exchange.
Registrations come from the CFTC’s industry filings and the firms’ own announcements, as of the date above. To check a registration yourself, search the CFTC’s trading organization filings. Know of a change? Email contact@predictionmarketlaws.com.