Texas lawmakers look to close loophole that allows prediction markets to operate in Texas
Texas lawmakers are targeting a loophole that allows prediction markets to operate in the state as the NFL and college football seasons begin. The KVUE article frames the issue around sports wagering through predictive markets, but the available body text provides no specifics on which platforms are affected, the mechanism of the loophole, named legislators, or proposed legislative language.
Any Texas crackdown on prediction-market operations would directly affect platform availability in the second-largest US state, but the article's thin body offers no actionable detail on scope or timing.
Texas joins Connecticut, Nevada, and Baltimore in targeting prediction-market sports contracts, extending the multi-front state assault that has already forced Kalshi to geofence Utah and left Polymarket, Robinhood, and nine other platforms fighting parallel enforcement actions across four jurisdictions.