Texas Lt. Gov. Targets Prediction Markets and Crypto in Legislative Priorities

Texas Lt. Gov. Dan Patrick has issued interim charges to Senate committees, outlining key areas of focus for the state's legislative priorities. Among these are the examination of prediction markets and digital assets, as well as an evaluation of the coordination with federal rules on crypto and blockchain.

The charges were announced by the lieutenant governor's office on Friday, ahead of the Texas legislature's next 140-day session in January 2027. The goal is to advance the priorities of the state's conservative majority, which includes closing gambling loopholes.

Prediction markets have been a subject of interest for lawmakers in recent months, with some states filing lawsuits against platforms like Kalshi and Polymarket over sports and election wagers. Texas has some of the strictest laws regarding sports betting and gambling, with most activity limited to casinos on Native American reservations and the state lottery system.