Lots of people have been asking, ‘Are prediction markets legal in Texas?’ and this guide will clear things up once and for all. This is that, yes, you can use prediction markets in the Lone Star State.
We’ll give you a solid understanding of how prediction markets work, so that you can see how they’re allowed to operate in Texas. You’ll also get to see three of the best prediction markets sites and get details about how you can sign up and start trading anywhere from Amarillo to Corpus Christi and everywhere in between.
Top Rated Prediction Market Sites Available in Texas
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Trading involves risk, including total loss on positions. Trading decisions and their consequences are your sole responsibility. Nothing on underdogexchange.com constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. UDX is subject to CFTC regulatory oversight. Promotion issued by affiliate.
Binary markets
Yes
Multi-outcome markets
Yes
Ranged outcome
Yes
User-generated markets
No
Settlement Engine
Market Dynamics
First time deposit match up to $1,000 in Bonus Funds
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it’s appropriate for you in light of financial circumstances. See novig.com/terms for information.
It’s worth understanding that prediction markets are regulated on a federal level, and this means that these sites don’t have to get approval on a state level from legislators in Texas. Just note that all prediction markets brands will need to be regulated as a Designated Contract Market by the Commodity Futures Trading Commission in order to operate in the US. Here’s a quick overview as to how prediction markets sites work:
Prediction markets sites let you make predictions on real-world events including sports, politics and culture.
You back up your prediction by buying an event contract for that option
These contracts will be valued between $0.01 and $0.99, and the value will be set by the trading activity of other customers on the site
Once the event has been settled, your contact will be valued at $1 if correct, but will be worthless if your prediction is wrong
You are free to sell your contracts before the event has concluded with other traders at the site, or you can stay in for the duration
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Trading involves risk, including total loss on positions. Trading decisions and their consequences are your sole responsibility. Nothing on underdogexchange.com constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. UDX is subject to CFTC regulatory oversight. Promotion issued by affiliate.
First time deposit match up to $1,000 in Bonus Funds
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it’s appropriate for you in light of financial circumstances. See novig.com/terms for information.
Pros and Cons of Trading Prediction Markets in Texas
It should hopefully be fairly obvious as to why so many people are using prediction markets sites all over the Lone Star State. But just in case you are having your doubts, here are the main pros and cons of joining them:
Pros and Cons
Available in Texas
Lots of prediction markets
User-friendly apps and sites
Fun social features
Potential to lose your money
Three of the Best Prediction Markets App in Texas
You should be able to use most brands in this
list of prediction markets
from all over Texas, but the following three are better than the rest:
Polymarket – Plenty of Fun at This Prediction Markets Site
Excellent trading coverage
Powerful mobile app
Speedy deposits and withdrawals
Peer-to-peer exchange
Watertight security provisions
Steep learning curve
Visit Polymarket
This is the place to go if you are looking for a little more variety in terms of your prediction markets. Polymarket is famous for doing things like letting you predict the price movements of Bitcoin every five minutes, and you can also do things like predict everything from esports to the next adventures of SpaceX. Everything else about Polymarket is as it should be with CFTC certification, user-friendly apps and a very vocal customer base for you to make your trades with.
Kalshi – Trusted Brand for Prediction Markets
Accessible across the US
Simple to use
Explore niche and mainstream markets
Integrated prediction tools
Limited ongoing bonus offers
Visit Kalshi
This is the market leading prediction markets brand in the US and deservedly so. After all, Kalshi gives you a huge range of prediction markets to enjoy taking in everything from sports and politics through to tech, science and beyond. The huge customer base provides plenty of liquidity and the brand’s apps are particularly well-designed. You’ll get a variety of tools and tips you can use to keep your trading responsible, while innovations like Perpetual Futures should ensure that Kalshi stays one step ahead of its rivals.
Crypto.com – Another Great Option for Prediction Markets
Level-Up Rewards available
Welcome offer for standard trading
Predict future prices for crypto
Choose yes/no contract positions
Complex for newcomers
Visit Crypto.com
This brand might be better known for its crypto exchange, but Crypto.com is also creating a stir in the prediction markets realm. As a result you can sign up here and enjoy an impressive range of markets covering politics, sports, culture, technology and a massive range of cryptos. All of this can be done from within the Crypto.com ecosystem, but you can also download a separate OG app if you want to keep things streamlined. Perhaps a good option for anyone new to the prediction markets realm.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn’t guarantee future results. This is not a solicitation or recommendation to trade.
Simple Steps to Enjoy Prediction Markets in Texas
While the above prediction markets brands will have their unique contracts, they should all work in a fairly similar way. This means that you’ll usually have to do the following to sign up and start trading:
Click on any of the links for any of the prediction markets sites in the banners of this page to launch the site from the browser of your computer or mobile
Create your customer account by filling in the registration form with personal details like your email address
Log into your account and then verify your identity by providing some government-issued photo ID
Make an opening deposit with one of the accepted payment methods such as cards or bank transfers
Go to the lobby and browse the current range of prediction markets
Click on the event contract for the prediction market that matches your prediction
Enter in how many of that contract you wish to purchase
Execute your trade and have the contract added to your portfolio
From here, you should then be able to watch the price movement of your contract rising and falling in correspondence to market conditions. Note that you will have the option to try and sell your event contract early for a profit, or you could wait until the event has been settled and hopefully be able to redeem your correct contract at a value of $1, ensuring that you get a return from your prediction.
Conclusion – All You Need to Enjoy Trading Prediction Markets in Texas
It doesn’t matter whether you’re looking to use
sports prediction markets sites
or politics prediction markets apps, as you should be able to do so from all over the Lone Star State. This means that you can enjoy the freedom to predict anything from the results of the Cowboys’ next NFL game to something like who the next US president will be.
Just remember that there’s always an element of risk in prediction markets, and therefore you’ll need to be careful to apply limits on your deposits and trades. But as long as you remember that, you should be good to hit any of the links to the approved prediction markets sites in the banners of this page to sign up and start trading.
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Trading involves risk, including total loss on positions. Trading decisions and their consequences are your sole responsibility. Nothing on underdogexchange.com constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. UDX is subject to CFTC regulatory oversight. Promotion issued by affiliate.
First time deposit match up to $1,000 in Bonus Funds
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it’s appropriate for you in light of financial circumstances. See novig.com/terms for information.
You’ll usually have to be at least 18 years old to use prediction markets sites. This means that you’ll be expected to verify your identity with some government-issued photo ID before you can start trading.
Yes, because all of the prediction markets sites listed in this guide have been checked to make sure that they are regulated by the CFTC. Essential for being allowed to legally operate all over the US while giving you ample customer protection.
No, you’ll usually be expected to make a deposit of your own cash and then use that for your trades. This is because, barring the occasional referral offer, promos are largely absent from prediction markets sites.
