Texas Prediction Markets Thrive Despite Gambling Ban

Prediction markets continue to thrive in Texas, with platforms like Kalshi, Polymarket, DraftKings Predictions, and OG Predictive operating under federal CFTC regulation despite the state's constitutional gambling ban. These platforms offer Texas sports fans a legal way to trade on games, elections, and other events.

While Texas has never legalized sports betting, making it one of the largest untapped markets, Lieutenant Governor Dan Patrick has directed a state Senate committee to study what he calls a gambling loophole. The findings, expected in 2027, may inform future regulatory action, but for now, prediction markets remain fully available across the state. rocore.sbs