Prediction Markets - Are They Legal in Texas Right Now?
Yes - as already unveiled in our intro, it’s a-okay to use prediction market apps in Texas right now. And here’s why.
As it stands, the prediction markets offered by recognized trading brands such as Crypto.com, Kalshi and OG are regulated at a federal level by the Commodity and Futures Trading Commission (CFTC). This effectively means that their derivatives-style event contracts can be traded in
most
US states - subject, of course, to localized, state-level caveats and other restrictions.
An example of some of these? Well, ever since CFTC-regulated prediction trading first went live in the US - initially with Kalshi in 2021 - the buying and selling of event contracts has faced a backlash in some states, such as:
- New York
- where specific legal challenges have surfaced, and currently, Crypto.com and OG remain off limits.
- Arizona
- where OG and Crypto.com are also unavailable as things stand.
- Nevada
- where regulators have challenged sports-based event contracts specifically, arguing that they too closely resemble sports betting.
At the time of writing, however, the state of Texas
has not
taken any similar action against federally-regulated platforms - meaning there aren’t any barriers between you, and prominent prediction trading hubs like Crypto.com, Kalshi and OG right now if you live in The Lone Star State. However, it is important to be aware that things can - and do - change very quickly in this industry. So, keeping a close eye on local TX news and updates regarding prediction markets is a must.
What’s more, for obvious reasons, prediction trading carries significant risk and won’t suit everybody. So it’s equally important to carefully consider whether buying and selling event contracts tied to popular events is right for you before getting involved.
You can learn more about sports event contract trading,
politics prediction markets
and how trading generally works elsewhere on our site. But for today, let’s take a closer look at your potential prediction trading options in Texas, as things stand.
Pros and Cons of Prediction Trading in Texas
Pros and Cons
- Buy and sell event-linked contracts.
- Multiple CFTC-regulated sites are available.
- Trade sports, politics and other contracts.
- Some operators are app-only.
Which Sites and Apps Offer Prediction Markets in Texas?
Put simply,
plenty do. But in terms of market coverage, usability, strong regulatory frameworks and unique trading features, we think that Crypto.com, Kalshi and OG stand out most.
Here’s a look at how these three brands currently compare, and what each has to offer to prediction traders based in TX right now:
| Prediction trading site / app |
Markets covered |
Key features |
| Crypto.com |
Sports, crypto, politics, culture, tech, economics and climate. |
- $10 minimum funding requirement.
- Cash and crypto support.
- User-friendly design.
|
| Kalshi |
Elections, politics, sports, culture, crypto, commodities, climate, economics, finance, tech and science. |
- App-only for users in TX and other eligible states.
- Remarkably broad market coverage.
- Frequent short-term trading options.
|
| OG |
Sports, crypto, economics, politics, tech, culture and climate. |
- Real-time market insights and advanced charts.
- No limits for high liquidity traders.
- Unique social and leaderboard features.
|
Top Prediction Market Apps Available in Texas - in Detail
Texans considering event contract trading should always seek out CFTC regulated platforms, and check user reviews to get a good idea of what to expect from different trading platforms available in the state.
In our own experiences, we’ve found that Crypto.com, Kalshi and OG are secure, have a lot to offer and cover plenty of popular markets. Here’s a mini review of those brands, one by one - including our take on what we think each trading hub does best.
Crypto.com: Pros & Cons
- Competition-based promotions
- iOS & Android apps
- Minimalist website design
- Beginner-friendly
Crypto.com is a secure trading hub that offers Texans both cash and crypto support, and covers all the key markets you’d expect from a major prediction trading platform - from major sports events, to US and international elections.
Its prediction trading services are facilitated through the CFTC-regulated Crypto.com Derivatives North America (CDNA), with access provided by Foris DAX Inc. and Foris Inc. While in TX and other US states, you can buy and sell event contracts here using either Crypto.com’s website or their user-friendly app.
With a mix of “yes” and “no”, multiple choice, and range based contracts up for grabs, there are plenty of trading options available. Although we found Crypto.com’s sports section to be the most diverse - covering anything from Pro Basketball Finals MVP Winners to Formula 1 and Sail Grand Prix events at the time of writing.
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.
Kalshi - Offering the Broadest Market Coverage
Kalshi: Pros & Cons
- Fully CFTC-regulated exchange
- Diverse markets including sports, politics, and economics
- Supports PayPal, Venmo, and Crypto deposits
- Highly rated mobile app for iOS and Android
- Trading fees apply to both makers and takers
- Bank withdrawals can take several business days
Sign up with Kalshi in Texas via any of our official banner links here, and we found you can currently gain access to an incredibly broad spread of prediction markets. These range from a sports section that very closely rivals Crypto.com’s, to comprehensive long and short-term event contracts covering anything from oil price predictions to potential Academy Award winners.
Both Kalshi’s site and their highly rated apps are very regularly updated with new contract options, many of which have fast paced, short-term windows. While they also offer a cool “Trending” page where you can jump straight into the latest action - with the likes of “Peru Presidential Election winner?” and “Highest Temperature in NYC this week?” available with competitive probabilities at the time of writing, to give you some examples of what to expect here.
Currently, Kalshi’s prediction markets are only accessible in Texas and other US states
via their app
- as the brand’s website is sadly unavailable in the US. On the bright side, though, their app is incredibly well designed, and holds an impressive 4.8 star rating on the App Store.
OG: Pros and Cons
- Secure and regulated by the CFTC
- No user limiting on trades
- Wide range of market categories
- Great National Championship offer
- Sports contracts are restricted in some states
OG offers balanced market coverage that probes
most
of the same trading categories you’ll find with Kalshi in Texas right now. While with this operator, you’ll also get access to advanced analytics tools that update in real time, to help you better track upcoming events, and currently held positions.
The brand operates through Crypto.com Derivatives North America - which, as we’ve already seen, is a CFTC-registered Designated Contract Market (DCM). While we found that several VIP bonuses and incentives are offered here, and ACH transfers have no fees with OG, too, despite fees being in place when using debit cards and e-wallets.
What’s more, OG introduces leaderboards and some creative social features - like commenting and posting - that aren’t always available with other, similar platforms. Just note that while OG is good to go
in Texas, you can’t currently use it from NY or AZ at the time of writing. While users in NV, OH, MI, MD, MA, NJ and IL are barred from buying and selling OG’s sports contracts, 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.
Open Polymarket
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.
Open OG
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.
Registering with Apps That Offer Legal Prediction Markets in Texas
So, Crypto.com, Kalshi and OG are all available in Texas right now. But how do those of you interested sign up and start trading with these brands?
Well, you can follow this step by step process to get started:
-
Click any of our banner links here to reach the official TX homepage of your preferred operator.
-
Tap “Register” or “Sign Up” - or download the brand’s app to get started there instead.
-
Enter your name, email address and any other basic details requested.
-
Read and accept the prediction trading hub’s T&Cs - paying extra attention to any state-level rules that might apply in TX.
-
Verify yourself - usually via a one-time email or SMS authentication code.
-
Upload some ID and proof of address - the CFTC currently requires prediction trading platforms to carry out Know Your Customer (KYC) checks.
-
Fund your account using cash or crypto.
-
Buy and sell event contracts priced at between $0.01 and $0.99. You can trade as many as you like up until closing.
-
Correct contracts will always settle at $1. While any incorrect ones will close at $0, resulting in a loss.
Final Thoughts - Currently, Prediction Markets Are Legal in Texas
As it stands, then, it’s totally fine to trade prediction contracts tied to real world events in Texas. While if you live in The Lone Star State, there are a fair few CFTC-regulated trading platforms to choose from, too - with Crypto.com offering impressive coverage of sports and other popular markets, Kalshi providing access to a lot of more niche and faster paced contracts, and OG offering data-driven analytics tools that we think more experienced traders will really appreciate.
Event contract trading isn’t for everybody, of course. But if you’re interested in trying out prediction markets in Texas today, you can get started with any of these platforms by clicking our official banner links on this page.
The Only Sport Prediction Sites You'll Ever Need
1.
2.
Open Polymarket
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.
3.
4.
Trade $10, Get $10 Welcome Offer
Open OG
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.
5.
Are Prediction Markets Legal in Texas? FAQs
✅ Is It Legal to Trade on Prediction Markets in Texas?
Yes. As it stands, you can access and use prediction trading sites and apps, so long as these are CFTC-regulated. This means that you can buy and sell event contracts linked to real world sports, politics, economics and other popular events with these sites, on a “yes” versus “no” basis, with no current restrictions. Although as we explored earlier, prediction trading does involve risks and won’t be the right choice for everybody.
🤔 What Kinds of Events Can I Trade Predictions on in TX?
Well-established trading apps such as Kalshi and OG tend to feature a long
list of prediction markets
that you can get involved with. Both brands cover sports, politics and economics, for example. While event contracts tied to city by city climate predictions, cryptocurrency price fluctuations, and more, also make regular appearances.
⚾ Which Prediction Trading Platform in TX Is Best for Sports Contracts?
Crypto.com, Kalshi and OG all offer Texans access to sports based prediction contracts. However, we found that Crypto.com’s coverage tends to be a little broader than what you’ll find with the other two platforms. At the time of writing, we saw the brand offering “yes” and “no” contract options, multiple choice predictions and short and long term event contracts on basketball, soccer, hockey, tennis and several other popular American and international sports markets.
For guidance on responsible trading and risk awareness, the following free official resources are available:
To make sure you get accurate and helpful information, this guide has been edited by
Mac Douglass
as part of our fact-checking process.
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