Chalkboard

Chalkboard is a cftc-regulated event contracts that lets users take positions on the outcomes of real-world events — sports, politics, economics, and culture. Founded in 2021, it operates under U.S. federal commodities law, which makes it available to traders in every state, including California.

What sets Chalkboard apart is its positioning: player props, simplified.. That's not marketing copy — it's reflected in the product, the markets offered, and the kind of trader who sticks around.

Yes. Chalkboard operates as a CFTC-regulated venue, which means it falls under federal commodities law rather than state gambling law. California's lack of a legal online sportsbook doesn't apply here — event contracts are a different financial instrument with different regulators.

That said, the legal picture is still being contested. Some state attorneys general have challenged certain platforms; the CFTC has consistently defended its jurisdiction. For the full backdrop, see our California legality guide.

Chalkboard covers Sports, Player Props, NBA, NFL. New markets are added weekly.

Practically, that means contracts on game outcomes, championship futures, player and team milestones, election results, Fed decisions, inflation prints, award shows, and cultural events.

Every contract on Chalkboard resolves to either $1 (yes) or $0 (no). The price you pay reflects the market's implied probability - a contract at 62¢ means a 62% chance.

You don't have to hold to resolution. You can sell at any time — if the price moves to 78¢, you can lock in the gain. This is the single biggest mental shift from sportsbook betting: you're trading a price, not placing a wager. For the full mechanic, read how event contracts work.

Chalkboard charges fees on a per-contract basis, typically a small fraction of a cent per contract or a low percentage of the trade. Compared to a sportsbook's 5-10% built-in vig, the fee structure is dramatically more transparent.

Liquidity varies by market — high-profile events like presidential elections or playoff series are deep, while niche markets can be thin. Always check the bid-ask spread before taking a position.

Yes. Chalkboard is regulated by the CFTC, segregates customer funds, and is required to meet federal compliance and reporting standards.

That regulatory backstop is the single biggest reason California traders choose CFTC-regulated venues over offshore sportsbooks, which operate outside U.S. consumer protection.

Chalkboard is best for player props, casual sports fans, and mobile trading.

If that profile fits you, Chalkboard earns its 4.2/5 rating and belongs in your account rotation.

Chalkboard is not ideal for politics traders or macro and culture markets.

If that's you, browse our full platform rankings for a better fit.

Chalkboard and Sleeper are both CFTC-regulated event-contract venues, but they target different traders. See our full Chalkboard vs Sleeper comparison.

In short: Chalkboard excels at player props, while Sleeper is typically the default for broader U.S. coverage and brand recognition.

Full Chalkboard vs Sleeper comparison →

Chalkboard is launching soon for U.S. traders. Sign up for launch notifications through our affiliate link to be among the first to access markets when they go live.

You must be at least 21 years old. Read terms before funding your account.

Chalkboard provides deposit limits, self-exclusion options, and links to support resources. If trading stops being fun, take a break. Call 1-800-GAMBLER or visit ncpgambling.org.

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Best for NBA and NFL player prop traders. Chalkboard earns 4.2 out of 5 in our rankings — a strong choice if you fit the profile.