In Texas, prediction markets are the main legal way to trade real money on sports, politics and the economy. Texas has no legal sports betting; the state constitution makes legalization difficult, and there is no licensed online sportsbook. That makes federally regulated prediction-market apps — overseen by the CFTC and open to anyone 18 or older — especially relevant for Texas residents looking for the best prediction market apps. Last verified: June 2026.
Is sports betting legal in Texas?
Texas has no legal sports betting; the state constitution makes legalization difficult, and there is no licensed online sportsbook. Prediction markets fill the gap: on a CFTC-regulated exchange you trade yes/no event contracts priced between 1¢ and 99¢, where the price is the implied probability and a correct contract settles at $1.00. They are regulated federally rather than under state gambling law, which is why they can operate in Texas.
Prediction market apps available in Texas
As of June 2026, these reviewed prediction-market apps are available to Texas traders (18+):
- Kalshi — the most established CFTC-regulated exchange, covering sports, politics, economics and more (18+).
- Robinhood — event contracts inside the Robinhood app at a flat $0.02 per contract.
- DraftKings Predictions — sports and finance event contracts, available to traders in Texas.
- FanDuel Predicts — CME-powered financial, economic and sports markets.
- Polymarket — a crypto-funded (USDC) exchange with deep political and global markets.
- PredictIt — a politics-only research market for election and policy contracts.
Can you trade sports in Texas?
Yes. Because Texas has no open legal online sportsbook, apps like Kalshi, Robinhood, DraftKings Predictions and FanDuel Predicts list sports event contracts on the NFL, NBA, MLB, NHL and more. You are trading a yes/no outcome against other users on a federally regulated exchange — not placing a sportsbook bet.
Age and taxes
You must be 18 or older to trade — prediction markets are regulated as financial exchanges, not 21+ sportsbooks. Profits are generally taxable and some apps issue 1099 forms; keep records and consult a tax professional. This is not tax advice.