Texas Prediction Markets 2026: Our picks for the best sites and platforms

Texas prediction markets like Kalshi and Polymarket are legal and operational in the Lone Star State for trading on sports event contracts, and sports fans in Texas can use our promo codes CBSSPORTS55 and CBSSPORTS to trade on tonight's Commanders vs. 49ers Monday Night Football game. This page also explains how other TX prediction market apps work, like FanDuel Predicts, Underdog and Novig. Claim the $55 Kalshi bonus offer and $25 trading bonus on the Polymarket app now:

Our Picks for the Best Texas Prediction Market Promos

Prediction markets are federally regulated by the Commodity Futures Trading Commission (CFTC). These platforms trade event contracts, allowing users to predict outcomes for real money. Event contract values can shift, and users can sell event contracts before markets settle. Here's a look at some of the available Texas prediction market apps for sports fans.

Kalshi

Kalshi gives sports fans the ability to trade on prediction markets ranging from the outcome of a game to a player's next team via trade or free agency and even which team will win the championship. 

New users will be awarded a sign-up bonus of $55 in bonus trading credits once they make a trade of $25+ on Kalshi prediction markets. Bonus credits must be used within seven days of being granted, and the percentage of users to receive each amount will vary. The amount of trading credits received is not guaranteed. 

Bonus trading credits cannot be withdrawn from your Kalshi account and the full bonus amount must be used to place trades on prediction markets before any profit can be withdrawn by a participant. 

*Sports contracts currently unavailable in MI, NV and WA

The prices associated with these events can fluctuate over the course of time, and users can sell their shares before an event settles. These outcomes are expressed via contracts, and Kalshi pays out $1 for each successful contract. 

For example, if the Cowboys are priced at $0.25 per share to win a game and they win, the trader will receive $1 for every share that he or she bought for that outcome. 

While Kalshi allows users in all 50 states to create an account, we recommend checking specific restrictions in your location before you deposit due to ongoing litigation. Those interested in trading on Kalshi can sign up with the promo code CBSSPORTS55 to get $55 in trading credits as a sign-up bonus after making a $25+ trade within 30 days of opening a Kalshi account. Tap here to unlock your $55 Kalshi bonus offer now:

You must be 18 or over, have a legal U.S. residential address in a state where Kalshi operates, complete the KYC process, and have an account in good standing to apply the Kalshi promo code CBSSPORTS55 to your account. Additionally, the promo code must be applied within three days of account creation and prior to the initial $10 deposit.

Participants must trade at least $25 on Kalshi Prediction Markets within the first seven days of their account creation in order to claim the bonus trading credits worth $55. In order to qualify, trades must be priced between $0.03 and $0.97 per contract. It is important to note that sports contracts are unavailable to trade in NV, MI, and WA.

The $55 bonus trading credits must be applied to trades on Kalshi event contracts. Bonus trading credits cannot be withdrawn or transferred in any form. Only profits from trades on Kalshi prediction markets can be withdrawn by participants. Profits from trading the $55 in bonus trading credits may be withdrawn only after trading an amount equal to the bonus amount. 

Participants have seven days to use bonus trading credits before they expire. Bonus trading credits not used in that span will be forfeited. For more information, visit kalshi.com/tc/55.

Polymarket US

Polymarket US is also available to Texas sports fans looking to make predictions. Those interested in signing up for Polymarket US can use the promo code CBSSPORTS and get $25 when they deposit $10+ to make trades. The bonus trading credits cannot be withdrawn, but the profits from using the bonus credits can be.

Click here to claim $25 in bonus trading credits on the Polymarket app:

*Eligibility may vary by location and is subject to change.

^18+ Only. Void where prohibited. Must be located in the U.S. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization. Offer subject to expiry. Sports contracts currently unavailable in NV. 

Underdog

Underdog, long known for its DFS pick 'em and best ball fantasy contests, has expanded into prediction markets through Underdog Predict (also called Underdog Prediction Picks) within the Underdog Sports app. Texas sports fans can trade event contracts on team winners, futures and more. New users can sign up with Underdog promo code CBS to gain $100 in bonus entries once they play $5 or more.

Underdog Play & Get Promo Details

The Underdog app includes both its DFS and prediction market sides. That means you can sign up with the Underdog promo code CBS, but that code is not for an Underdog Predict/prediction picks-only bonus. Texas users still have access to prediction markets, but the bonus funds from this offer cannot be used there. Instead, they are available to use on Underdog's DFS side. Below are additional terms for the offer  

Underdog Play & Get Promo Terms

• 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, & VA) and physically present in an eligible state where Underdog Pick'em operates.
• Promotion is available exclusively to new users who complete identity verification (KYC) and have an account in good standing.
• Make a minimum first-time deposit of $10 and place a qualifying first entry of at least $5 
• Drafts do not count as qualifying entries for this promotion.
• Bonus entries are distributed as $10 in bonus entries per day for 10 consecutive days (totaling $100 in bonus entries).
• Bonus entries are non-withdrawable site credits and must be used on fantasy entries with a payout multiplier of at least 2x (i.e., +100 odds or 50% implied probability).
• Winnings generated from bonus entries are subject to a 1x playthrough requirement and become fully withdrawable cash.
• Bonus entries automatically expire 14 days after being credited if unused.
• Bonus entries can be used on Prediction picks only if the entry includes 1 prediction pick and at least 2 fantasy picks

• Claim the latest Underdog promo code here:

Responsible Trading
Prediction market platforms offer Responsible Trading resources that can be found in your account settings after logging in or by request by contacting customer support.

Responsible Trading toolkits on Underdog involve:

• Deposit Limits

• Session Time Limit

• Timeout

• Self-Exclusion

• Close Your Account

• Contact Helplines

Underdog Predict is a registered FCM offering event contracts. Trades may be placed on CDNA, a registered DCM, powered by UDM Services, LLC. Trading involves significant risk and is not appropriate for all. Must be a U.S. resident. Terms apply: underdogpredict.com. Content is promotional and is not a recommendation to trade. Content is promotional and not a recommendation to trade. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org.

Underdog unavailable in NV, AB, ON and U.S. territories. Certain products, markets or event contract categories may not be available in all jurisdictions.

FanDuel Predicts

Many sports fans are familiar with FanDuel, which operates as a sportsbook and daily fantasy sports operator across the United States. Texas sports fans can trade event contracts for real money through FanDuel's latest prediction market offering. New FanDuel Predicts users can get $25 as a sign-up bonus after making a first-time real-money deposit and trade. There is no minimum amount needed on your first trade to unlock your trading credits at FanDuel Predicts, and the sign-up bonus will be credited to your account within 72 hours of making the deposit. 

Although FanDuel Predicts operates in all 50 states and Puerto Rico, the promotion is only available to users in select states with sports prediction markets. See the table below.

The $25 trading bonus expires seven days after being issued and can be used on several trades or one trade. 

If a trade made using bonus funds settles correctly or is cashed out, the user receives profit as withdrawable cash and not the initial bonus credit used. There are no trade-through restrictions before being able to receive the profit from a successful trade and withdraw it as real cash. 

Novig

Novig has launched a prediction market licensed by the CFTC and recently secured approval from the CFTC. It is available to Texas sports fans and expresses prices in percentage terms, similar to Polymarket US. Those interested in signing up for Novig can use the promo code CBSSPORTS to get a $50 trading credit bonus when they deposit $10 or more. 

Trading credits are issued as five $5 Trade Credits and are non-withdrawable. Trade Credits may be used on any Contract listed for trading on Novig, at prices no less than $0.01 and no greater than $0.60 per Contract. 

You may apply no more than one Trade Credit to any single trade. Proceeds from a trade made using a Trade Credit settle to your account as ordinary funds and are withdrawable.

Those located in AZ, MI and NV are not eligible for this promotion offer.

*Certain products, markets or event contract categories may not be available in all jurisdictions. Trading not available when located in AZ, MI or NV

Fanatics Markets

• What is the Fanatics Markets Increasing Daily Trade Match? This offer matches your first qualifying trade each day in FanCash for 14 consecutive days.
• How does the 14-Day Personal Bonus Window work? The window begins the exact day you verify your account (Day 1). You must place a qualifying trade each day to maximize the match. Unused daily rewards do not roll over.
• What is the daily match structure? The maximum FanCash reward increases each day. It starts at a maximum match of $2.50 on Days 1–3, reaches up to $7.50 on Day 7, and peaks at up to $25 on Day 14, for a grand total of $150 possible FanCash.
• What counts as a Qualifying Trade? It must be the first trade of the calendar day using cash (not promotional credits) on an event contract priced at $0.90 or below.
• How is FanCash credited to your account? FanCash is automatically credited to your Fanatics ONE wallet within 72 hours of your qualifying trade settling.
• What are the FanCash trade-through and withdrawal rules? FanCash itself is non-withdrawable, but net profits earned from successful trades placed using FanCash are fully withdrawable cash. FanCash can also be redeemed at Fanatics' online store.

Featured market: Commanders vs. 49ers on Kalshi

The Washington Commanders will visit the San Francisco 49ers on Monday Night Football. Below are Kalshi's prices for the game. Tap to trade now. 

Content is promotional and not a recommendation to trade. Contract pricing fluctuates and is subject to change.

Is trading prediction markets legal in Texas?

Yes, trading prediction markets is legal in Texas. Texas residents can access prediction market apps like Kalshi, Polymarket, FanDuel Predicts, Underdog Predict and Novig. 

While lawmakers have formed committees to explore potential action to take against Kalshi, Polymarket and other prediction platforms in an effort to potentially shut them down, these markets remain operational for the time being.

Trading on Texas sports teams

The Lone Star state is chock full of sports teams, providing residents with plenty of trading opportunities. Each relevant team is outlined below, along with the trading price attached to them to win their respective championships via Kalshi. Trading price is current as of October 19, 2026.

Houston Texans (3%)

The Texans made the playoffs in the 2025-26 season, but their performance in the postseason left something to be desired. Quarterback CJ Stroud played quite poorly down the stretch, failing to support one of the best defenses in the NFL as Houston fell to the New England Patriots in the Divisional Round. Head coach DeMeco Ryans will look to coax better play from his starting signal-caller to continue to compete in the AFC South.

Dallas Cowboys (3%)

Despite residing in the same state, Dallas and Houston are stylistic opposites. Head coach Brian Schottenheimer piloted one of the best offenses in the NFL last season, in part thanks to the presence of wide receivers CeeDee Lamb and George Pickens. The NFC East is not a particularly strong division, opening the door for the Cowboys to exceed expectations this season.

San Antonio Spurs (22%)

The San Antonio Spurs will return the vast majority of the roster that took them to the NBA Finals last season. Center Victor Wembanyama is the unquestioned centerpiece of the team, while young guards Stephon Castle and Dylan Harper provide strong secondary options. All three are big reasons why San Antonio is among the preseason favorites to hoist the Larry O'Brien trophy.

Dallas Mavericks (1%)

Dallas is not in the same realm of contention as San Antonio. However, there is still plenty to be optimistic about for the Mavericks. Young forward Cooper Flagg is one of the most highly regarded prospects in basketball, while guard Kyrie Irving provides a strong veteran presence. Dallas is expected to remain a somewhat competitive squad in a crowded Western Conference this season.

Houston Rockets (2%)

Questions swirl around how far this Rockets team is capable of going. The roster is almost identical to last season's, a campaign that ended with a first-round defeat at the hands of the Los Angeles Lakers. Forward Kevin Durant and center Alperen Sengun will be asked to carry the offensive load once again as the Rockets aim to return to true contention.

Dallas Stars (5%)

While the Stars have not tasted Stanley Cup glory in recent years, they remain one of the more consistent teams in the Western Conference. Goalie Jake Oettinger will continue to provide stability in the net in 2026 as Dallas attempts to make the postseason for the sixth straight season.

Houston Astros (N/A)

Even without a roster comparable to their glory years, the Houston Astros continue to show that they are a yearly playoff contender. Designated hitter Yordan Alvarez is on the brink of claiming his first MVP award, heading the offense while pitcher Hunter Brown leads a solid rotation. Houston is always in the mix, a testament to its management and player development at the highest level of baseball.

Texas Rangers (N/A)

Things have been quiet for the Rangers after their Cinderella run to the World Series in 2023. Positional stalwarts Corey Seager and Jacob DeGrom continue to lead the team, but Texas likely needs to retool before being considered a true World Series contender.

Texas Longhorns (4%)

As one of the premier college football programs in the nation, the Longhorns are continually sniffing around the National Championship discussion. 2026 is no exception is no exception, with Arch Manning leading a team filled with talented offensive pieces and high-level defensive recruits against a loaded SEC schedule.

Texas Tech Red Raiders (2%)

The 2025-26 campaign will be a tough act to follow for the Red Raiders. Head coach Joey McGuire led the team to first-round bye in the playoffs but will have to work around a litany of defensive departures to replicate that performance. Quarterback Will Hammond will aim to make Texas Tech a more well-rounded team than it was last season, combining with a deep receiving room to compete in a conference that has historically been the home of elite offensive football.

Texas A&M Aggies (1%)

Unlike the Red Raiders, the Aggies have the benefit of returning most of their impact players. Quarterback Marcel Reed is back for his fourth season, giving head coach Mike Elko coveted stability under center. The defense is once again studded with elite recruits and proven producers, giving A&M a fighting chance against any opponent in the nation.

SMU Mustangs (1%)

While the Mustangs might not be true National Championship contenders, they continually prove themselves to be a tough out against the highest level of competition college football has to offer. Wins over Miami and Clemson in 2025 proved that. With quarterback Kevin Jennings returning for another year on campus, SMU has a chance to continue to be a thorn in the side of big-name contenders in 2026.

Houston Cougars (1%)

Houston continues to establish itself as an up-and-coming football program. The Cougars ended the 2025 season with a ranking next to their name, pulling a bowl game upset over LSU to cap a shockingly good season. Signal-caller Conner Weigman is still at the helm, allowing Houston to employ a dual-threat offensive approach once more. If the defense can hold up its end of the bargain, the Cougars have a good shot of holding a ranking for much of the year.

TCU Horned Frogs (1%)

Replicating the success of the 2022 season has not come easily for the Horned Frogs. Despite failing to reach National Championship-caliber heights, TCU is always in the mix for exciting quality bowl games and exciting matchups, a testament to the work of head coach Sonny Dykes. The Horned Frogs figure to be one of the better teams in the Big 12 once again this season.

Texas prediction market recent legal updates

There could be restrictions on which markets are available on platforms, but these platforms are operating in Texas until noted otherwise.

2026

• Texas Lt. Governor Dan Patrick asked state senators to explore ways to close what he called "gambling loopholes" that allow prediction markets to operate in the state. Those recommendations are likely to be brought to the legislature in the 2027 session, so for now, prediction markets operate in the state.
• UK-based IG Group acquires the Underdog Sports app, including the prediction picks product within it. 
• Novig becomes licensed by the CFTC and re-launches as a prediction market site and app.

2025

• Polymarket acquires a CFTC-licensed prediction market platform and launches in the United States.
• FanDuel announces the launch of its prediction market platform.

2021

• Kalshi gains CFTC approval and launches in the United States.

What To Know About Responsible Trading on Texas Prediction Markets

Prediction market trading should be used for entertainment purposes in a fun, responsible manner. Trading is risky and involves a risk of loss; always trade responsibly.

Responsible Trading toolkits on prediction market platforms involve:

• Deposit Limits
• Session Time Limit
• Timeout
• Self-Exclusion
• Close Your Account
• Contact Helplines

Prediction market platforms offer Responsible Trading resources that can be found in your account settings after logging in or by request by contacting customer support. Concerned about your trading? Call or text 1-800-MY-RESET.

Texas prediction market FAQ

Are prediction markets legal in Texas?

Prediction markets are legal in Texas, though the state is looking into potentially adding restrictions. If these do get put in place, they will likely happen at some point in 2027 in the next legislative session.

What prediction sites and platforms are available in Texas?

Kalshi, Polymarket, FanDuel Predict, Fanatics Markets, Underdog Predict and Novig are prediction market sites and platforms available in Texas.

Are prediction market winnings taxed in Texas?

Prediction market winnings are taxed, but this is another aspect of the emergence of the platforms that adds a legal wrinkle. The IRS has not provided guidance on how these winnings are taxed, but they can be taxed as gambling income, cryptocurrency income or capital gains income. There's no state income tax in Texas, but you will pay a federal tax for prediction market winnings, likely under either a capital gains tax or "other income" tax.

This information is provided for general informational purposes only and does not constitute tax, legal, or financial advice. If users have any questions regarding taxes on gambling winnings, they should consult with a tax professional for advice. 

What's the minimum age to trade at prediction markets in Texas?

You must be at least 18 years of age to trade on prediction markets in Texas. Age requirements are dependent upon the platform you use.

What happens if Texas' legal status changes?

There's a possibility the Texas state legislature introduces restrictions for prediction markets but those won't come until 2027 at the earliest. As mentioned above, the federal government believes the CFTC is the only body with oversight on prediction markets so they may challenge any measures Texas introduces at a state level. Therefore, it's unlikely prediction markets will disappear completely from Texas. Instead, there could be restrictions on what events users can trade contracts for or which markets are offered on these platforms.

Event contracts trading involves a risk of substantial loss and is not suitable for all investors. Past performance is not indicative of future results. Participation in prediction markets is subject to applicable eligibility requirements.  Participation may be restricted or prohibited in certain jurisdictions and participants are responsible for ensuring their participation complies with applicable laws and regulations in their jurisdiction. Prediction markets content is not intended for individuals located in jurisdictions where they are prohibited. Additional help and resources are available through the NCPG's Financial Trader Health and Safety Initiative. You can also call or text 1-800-MY-RESET.