A lot of people have been asking “is OG legal in Texas?” lately. So, we figured we’d put together a quick guide reviewing OG’s current status in The Lone Star state.
As it stands, OG is fully accessible from Texas. And the same goes for any other prediction trading sites and apps like OG, which operate through Commodities and Futures Trading Commission (CFTC) registered exchanges. Keep reading to learn more about what this means for those of you who want to try out event contract trading from TX today.
Is OG Legal in Texas?
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Sign up at OG today!
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Trade on financial markets with OG
Yes - if you live in Texas right now, and you meet OG’s minimum age requirement of 18+, you can access and use OG’s prediction trading website and apps, where you can buy and sell “yes” and “no” event contracts linked to actual, real-world event outcomes.This is great news for Texans, because not only is OG one of the
best prediction market sites
around right now, but the brand remains completely off limits in other states, such as New York and Arizona. While the site’s sports prediction contracts, which have come under fire from regulators elsewhere for allegedly bearing too much of a similarity to sports betting, are currently prohibited in Nevada, Ohio, Michigan, Maryland, Massachusetts, New Jersey and Illinois, too. With the outlook for traders changing very regularly.
Why Is OG Legal in Texas Right Now?
So, how come OG is fully available in TX, when - as we’re sure you’ll be aware - sports betting remains a strict no-go zone in the state?
Well, simply put, buying and selling contracts tied to real-life event outcomes, including sports ones, with OG
does not
constitute sports betting.
Instead, OG operates through Crypto.com Derivatives North America (CDNA), a Commodity and Futures Commission (CFTC) registered Designated Contract Market (DCM). Which, in a nutshell, means that the services it offers are:
- Entirely financial market-based, with no bookmakers, “odds” or the like involved at all.
- Regulated at a federal level by the CFTC.
At the time of writing, CFTC-regulated prediction trading is currently legal in most US states, apart from where local or state level regulations prohibit it - which
isn’t
currently the case in Texas.
What’s more, OGs own regulations impose no current restrictions on Texans, either - unlike those that folks in NY, AZ and elsewhere are currently facing, as we detailed above.
As it stands, then, OG remains fully available and unrestricted in The Lone Star state for over-18s. Although of course, it’s important to be aware that this could potentially change at any time, should the state raise any legal challenges against the CFTC, or should OG update its availability T&Cs in any way. So, it’s important to keep a close eye on the situation at all times.What’s more, prediction trading in a market-based environment carries a certain level of risk. So, you should take time to familiarize yourself with the risks involved in trading before getting involved, too.
Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a OG) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations.
What Prediction Markets Does OG Cover in TX?
In our latest brand review, we found that
OG’s prediction market app
- and their website - offer prediction traders in Texas access to seven key markets. Here’s what you can expect from each:
| TX-friendly prediction market | What to expect |
| Sports | From pro baseball to the soccer World Cup, OG covers multiple mainstream sports markets - with smaller sports frequently featuring on the site, too. |
| Crypto | OG’s Texas site and apps cover both long and short-term crypto price prediction contracts - such as “Bitcoin price today at 2:40 am ET” and “When will Bitcoin cross $100k again?”, for example. |
| Economics | US Fed decisions and inflation and interest rate predictions make regular appearances on OG as well. |
| Politics | Mayoral and presidential election contracts frequently feature at OG, too. |
| Tech | Expect to see tech related mergers and acquisitions contracts, “largest company by year end” predictions, and more. |
| Culture | We’ve seen contracts advertised on anything from “Top Artist on Spotify this year” to “Who will be TIME’s Person of the Year?” |
| Climate | City by city and “hottest year” contracts are regularly posted on OG in TX, too. |
Pros and Cons of Trading Event Contracts in Texas with OG
Pros and Cons
- CFTC regulated framework
- Fully accessible from Texas
- Seven main markets are available
- Intuitive iOS/Android apps
- Availability can shift unpredictably
How to Sign Up and Trade with OG in TX Today
So long as OG’s prediction trading site and apps remain available in Texas, you’ll be able to register by following these simple steps:
-
Click one of our links to visit OG.
-
Select "Sign Up" or scan the QR code to download the app.
-
Create and verify your account by completing the required KYC checks.
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Log in and confirm your eligibility for the current promotion.
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Complete and settle a qualifying trade worth at least $10 within 7 days of KYC approval.
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Receive the $10 Welcome Offer if you meet the promotion requirements.
18+ If you or someone you know has a gambling problem, call 1-800-GAMBLER Prediction is an event contract that is a derivatives product offered by Crypto.com: Buy, Sell & Trade Crypto with a Trusted App | Derivatives North America (CDNA), a CFTC-regulated exchange through OG technology. Trading on CDNA involves risk and may not be appropriate for all. By trading you risk losing your cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Terms apply. Trading involves risk of loss. Bonus credits cannot be withdrawn immediately.
Conclusion - OG Remains Fully Accessible in TX Right Now
If you live in Texas and you’d like to try out prediction trading with OG today, then great - because as it stands, the site’s full run of prediction markets are accessible from the state. While the fact OG operates through CDNA means that you’ll be trading here using a CFTC regulated framework, too.
Of course, it’s important to remember that risks are involved in event contract trading, and buying and selling “yes” and “no” contracts with OG might not be the right choice for everybody.
But if you like the sound of what OG has to offer in Texas right now, you can sign up and trade today via any of our official links on this page.
Is OG Legal in Texas? FAQ
⁉️ Can You Access OG’s Prediction Trading Site from Texas Right Now?
At the time of writing, yes - and all OG’s event contract trading markets are available in the state, too. Just keep in mind that things move fast in the prediction trading biz, and availability of OG in TX could potentially change with very little notice.
🤔 What Prediction Markets Does OG Offer in Texas?
As it stands, you’ll find sports, economics, politics, tech, crypto, culture and climate contracts advertised on OG’s site and apps.
🎁 Does OG Offer Any Bonuses in Texas?
Eligible new users in Texas may qualify for the
Trade $10, Get $10 Welcome Offer. To receive the promotion, you must verify your account, confirm your eligibility, and complete and settle a qualifying trade worth at least
$10
within
7 days
of KYC approval. Only trades with probabilities below
80%
qualify, and trades placed using reward credits aren't eligible.
This content is sponsored by OG / Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes.
Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
Participating in Level Up does not guarantee access to all services or benefits. Services and potential benefits remain subject to local jurisdictional requirements, availability, and terms and conditions, among other things. See https://crypto.com/us/levelup for details.
Services, features and other benefits referenced may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com. Depositing funds or taking part in prediction markets does not constitute an endorsement of trading activity. Promotional rewards or bonuses are not guaranteed. Certain features, rewards and benefits are available only in eligible markets and may vary by region.
