Texas Prediction Markets Grow Despite Betting Ban

Texas has emerged as a hub for prediction markets operating under Commodity Futures Trading Commission oversight rather than state gambling laws.

While the state has never legalized retail or online sports betting despite repeated attempts, platforms like Kalshi, Polymarket, and DraftKings Predictions provide sports fans with a legal way to trade on games and events. Lieutenant Governor Dan Patrick has directed a state Senate committee to study what he calls a gambling loophole, with findings expected to inform possible action in 2027. forumteam.blog