The CFTC invoked Section 8a(9) emergency power Aug. 11 to keep Kalshi’s exchange operating nationwide. New York’s suit seeks at least $36 billion from Kalshi, an exchange whose publicly reported valuation is $22 billion. Texas is not among the nine states the CFTC has sued over event-contract enforcement. A Texas Senate committee is studying the … Read more
Novig went live Aug. 4 in every state except Arizona, Michigan and Nevada, Texas included. Ludlow Exchange LLC, which Novig owns, won CFTC designation as a contract market on June 16. No Texas agency licenses Ludlow Exchange, reviews the contracts it lists or can switch it off. Texas Penal Code Section 47.02 makes a bet … Read more
AUSTIN – The loudest new voice in the fight over gambling in Texas does not belong to a casino magnate or a crusading politician. It belongs to the state’s doctors, and they are worried about teenagers. The Texas Medical Association, the state’s largest physician group, is pressing lawmakers to impose an age restriction on prediction … Read more
HOUSTON – Tilman Fertitta is on the verge of becoming one of the biggest casino operators in America. He just cannot be one in Texas. In May, Fertitta’s company reached a definitive agreement to acquire Caesars Entertainment in an all-cash deal valued at about $17.6 billion, including roughly $11.9 billion in assumed debt. If it … Read more
Argentina and Messi Come to AT&T Stadium. Texas Still Has No Legal Sportsbook. ARLINGTON – The defending World Cup champions arrive in North Texas on Monday, with Lionel Messi chasing history and a noon kickoff against Austria that could decide who wins the group. It is the kind of event that fills sportsbooks everywhere. In … Read more
Gary Grief was indicted again on May 13, 2026 over the 2023 Lotto Texas drawing an offshore syndicate gamed for $95 million. The former Texas Lottery Commission chief is due in the 167th District Court the morning of June 26. The reindictment came two weeks after the first one was dismissed within a day.
Kalshi has continued to take sports wagers from Texas residents despite a cease-and-desist letter from the state attorney general, in a federal-state preemption fight that has effectively legalized online sports betting in a state whose Legislature has rejected every attempt to authorize it. Lt. Gov. Dan Patrick wants to close the loophole. He cannot.