Prediction market guides for Californians

Plain-English guides for California traders: how event contracts work, which apps are available, taxes, deposits, withdrawals and what to trade.

Updated

Guides

Robinhood Prediction Markets in California: What to Know

Robinhood's prediction market is legal in California because every contract clears through KalshiEX under CFTC rules. The catch: Robinhood is a thin UI over Kalshi with fewer markets and higher fees. California traders end up on Kalshi, Polymarket, or OG by Crypto.com.

Catie Di Stefano

Guides

Recession Odds 2026: Trading the NBER Contract from California

Polymarket's 'US recession in 2026' contract trades at 22-34% YES, well above the unconditional 15% base rate. For California traders whose payrolls run 1.4-1.8x the national beta, recession YES is the cleanest macro hedge on the board.

Catie Di Stefano

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