Texas Senate Lieutenant Governor and President Dan Patrick has added a examine of prediction markets, crypto, and blockchain to its priorities for the state’s subsequent legislative session.
Abstract
- Texas Senate has moved to look at prediction markets, crypto, and blockchain as a part of its subsequent legislative priorities, with a deal with potential regulatory gaps.
- Lawmakers are set to review whether or not prediction platforms exploit federal legislation to bypass Texas playing restrictions, whereas additionally reviewing crypto kiosks and alignment with federal guidelines.
In accordance with a Friday announcement, Patrick has mentioned the interim prices are supposed to “advance the priorities of Texas’ conservative majority,” which incorporates inspecting prediction markets and digital property.
The costs would deal with “closing playing loopholes” by learning the sudden rise of prediction market exercise and assessing how federal legislation could also be used to bypass Texas playing restrictions, significantly round election-related markets.
Patrick has additionally referred to as for stronger “coordination with federal guidelines” on crypto and blockchain, alongside an analysis of crypto kiosks working within the state.
Texas isn’t the one state to take goal at prediction market exercise, as these platforms have more and more come beneath scrutiny. States like Nevada and Arizona, amongst others, have pursued authorized motion towards platforms like Polymarket and Kalshi.
Amongst different priorities is a proposed examine of the “influence of AI on the Texas workforce and its implications for financial competitiveness.” As beforehand reported by crypto.information, Google has just lately backed a multibillion-dollar information heart undertaking in Texas to help Anthropic.
The Texas legislature meets each two years and is scheduled to return for its subsequent 140-day session in January 2027.
Within the earlier session, the state handed a Bitcoin reserve invoice, which was later signed into legislation, making Texas the primary U.S. state to ascertain such a reserve. Subsequently, the state made its first $5 million Bitcoin buy in November 2025.