Texas Residents Flock to Prediction Markets Ahead of World Cup Final

Texas is one of the largest states without a legal sports betting market, but prediction markets have filled part of that void. These federally regulated platforms let users trade contracts tied to real-world events, including sports, without triggering state betting laws.

The Commodity Futures Trading Commission oversees these platforms, which are different from traditional sportsbooks. In Texas, residents can access these platforms under their existing CFTC registrations.

FanDuel Predicts and DraftKings Predictions are two popular options available to Texas users. FanDuel offers a $25 trading credit to new sign-ups, while DraftKings gives up to $200 in trading credits over 21 days for new users who place a trade of $5 or more.

ProphetX focuses on sports-first contracts, and OG.com differentiates itself with leaderboard functionality. Crypto.com has built prediction markets into its broader financial app that handles crypto trading, equities, and rewards-linked card spending.