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 most important number of the 2026 NFL season may not be a point spread. It is $36.8 billion, the amount a new industry analysis projects will change hands on prediction markets tied to pro football this year, a figure that would, for the first time, top what every legal sportsbook in America … Read more
HOUSTON – The nurse who takes your blood pressure and the doctor who reads your chart may have helped pay for their training the same way a bettor plays an NFL Sunday. A new survey says a growing share of the country’s future healthcare workers are betting to pay for school, and Texas, with the … Read more
AUSTIN – Texas has never legalized sports betting. The Legislature has voted it down, the lieutenant governor has buried it, and no referendum has ever reached the state’s voters. And yet DraftKings and FanDuel, the two companies that define American sports betting, are live in Texas right now, taking Texans’ money on the Cowboys, the … Read more
AUSTIN – Cowboys bets are banned in Texas; wagering on a game can technically land you in some hot water. Wagering on who will win the state’s blockbuster U.S. Senate race is legal, federally regulated, and open to anyone 18 and older with a smartphone. That is the strange split screen of 2026. While sports … 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
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.