The #2 Texas state official called on lawmakers to study “the sudden inundation of prediction market gambling“ as other jurisdictions take the platforms to court.
Dan Patrick, Lieutenant Governor and President of the Senate in Texas, has included a study of prediction markets and crypto and blockchain as part of legislative priorities for the state’s next legislative session, scheduled to begin in January.
In a Friday announcement, the lieutenant governor’s office issued 2026 interim charges for Texas Senate committees to study in preparation for the next legislature. Patrick said that the charges were intended to “advance the priorities of Texas’ conservative majority,” including an analysis of prediction markets and digital assets.
According to the charges, Patrick wants lawmakers to focus on “closing gambling loopholes” by studying “the sudden inundation of prediction market gambling and the exploitation of federal law to circumvent Texas gambling prohibitions” on elections.
