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, Texas’ lieutenant governor and president of the Senate, has called for lawmakers to study prediction markets, crypto and blockchain as part of legislative priorities ahead of the state’s next session in January 2027.
In a Friday announcement, the lieutenant governor’s office issued 2026 interim charges directing Texas Senate committees to examine key policy areas ahead of the next legislative session. 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 asked 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,” including those related to election wagering.
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