Texas Prediction Markets Thrive Despite Betting Ban

Despite Texas never legalizing retail or online sports betting, prediction markets such as Kalshi, Polymarket, DraftKings Predictions, and OG Predictive operate legally under Commodity Futures Trading Commission oversight. This allows residents to trade on sports events, elections, and more, filling a significant gap in the state. sports24.club

Legal challenges are pending, with Lieutenant Governor Dan Patrick directing a state Senate committee to study the issue, expecting findings in 2027. However, these platforms remain fully operational across Texas, offering a regulated alternative to traditional sportsbooks.