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 today's college football and NBA action. 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, or they expire. 

Bonus trading credits cannot be withdrawn from your Kalshi account, and the full bonus amount must be used to place trades on prediction markets before any profit can be withdrawn by a participant.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 seven days of opening a Kalshi account. Tap here to unlock your $55 Kalshi bonus offer now:

You must be 18 or older, 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 to claim the bonus trading credits worth $55. To qualify, trades must be priced between $0.03 and $0.97 per contract. 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.

*Sports contracts are unavailable in MI

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 $50 in bonus entries once they play $10 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 $10. 
• Drafts do not count as qualifying entries for this promotion.
• Bonus entries are distributed as $50 in bonus entries, credited within 1 hour after the qualifying first entry locks.
• 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. 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 recently secured CFTC approval and has launched a prediction market available to Texas sports fans. Novig 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.

ProphetX

Approved by the CFTC and launched in June, ProphetX is one of the freshest faces on the prediction market scene. It features competitive prices and a sign-up offer that lets users trade $40 to receive $40 in incentive funds. Below are more details surrounding the offer's terms and conditions, as well as its availability.

ProphetX Key Terms

• User Eligibility: Exclusively for new verified customers physically located in an eligible state (*Unavailable in NV).
• Qualifying Action: Execute one or more trades totaling at least $40 in cumulative value within 30 days of account approval.
• Bonus Payout Structure: Incentive funds are released in three installments: $10 on Day 1, $10 on Day 8, and $20 on Day 15.
• Utilization Requirement: Previous bonus installments must be fully utilized to collateralize new positions to unlock subsequent allotments.
• Bonus Credit Terms: Incentive funds are non-withdrawable site credits; net cash profits from settled trades are fully withdrawable.
• Bonus Expiration: Issued bonus credits automatically expire 45 days after issuance if unused.

How to Claim $40 in ProphetX Incentive Funds

1. Sign Up & Register: Create a new ProphetX trading account and complete identity verification (KYC).
2. Deposit & Trade $40+: Deposit funds and execute $40 or more in cumulative position-opening trades within 30 days of registration.
3. Receive First Installment: Get your initial $10 bonus credit on Day 1 following qualification.
4. Trade Bonus Credits: Use your bonus credits to collateralize new trades within 45 days to unlock your next installments ($10 on Day 8, $20 on Day 15).
5. Withdraw Profits: Withdraw net cash profits from winning trades once your positions settle.

Featured market: Texas vs. Missouri on Kalshi

No. 7 Texas takes on No. 18 Missouri in a high-stakes SEC showdown this Saturday afternoon. Below are Kalshi's prices for the game. 

• Texas Longhorns: Yes (56%)
• Missouri Tigers: Yes (44%)

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 prices are current as of November 7, 2026.

Houston Texans (2%)

The Texans finished 12-5 last season, and though they won the franchise's first-ever road playoff game, their performance in the postseason left something to be desired. After beating the Steelers 30-6, they traveled to Foxborough and couldn't muster much offense in a Divisional Round loss to the Patriots. With high expectations heading into the year, the 2026 season got off to a rough 0-4 start. The defense is still good enough to win, but C.J. Stroud, in his fourth season, needs to do more offensively for the Texans to climb out of the hole they dug themselves into.

Dallas Cowboys (2%)

Despite residing in the same state, Dallas and Houston are stylistic opposites, with a defense that can't stop anyone and an offense that can score with anyone. Head coach Brian Schottenheimer pilots one of the best offenses in the NFL, and earlier this season, Dak Prescott passed Tony Romo for the most touchdown passes in franchise history. The defense still hasn't recovered from the Micah Parsons trade, but the NFC East is one of the weakest divisions and is still there for the taking.

San Antonio Spurs (23%)

The Spurs will return the vast majority of the roster that took them to the NBA Finals last season. After a 62-20 year, the Spurs lost to the Knicks in five games. Three of those losses came by four points or fewer. That kind of loss tends to sharpen a young team rather than break it, and that looks true following an early-season six-game win streak. Superstar Victor Wembanyama is no longer a "future" story. He is the league's most important player, and young guards Stephon Castle and Dylan Harper give him a strong backcourt with even more room to grow.

Dallas Mavericks (2%)

The Mavericks went 26-56 last season, and the franchise rebuilt from the top down with a new director of basketball operations and a new head coach. This is now Cooper Flagg's team, and in year two, he is putting up all-star numbers to start the season. Kyrie Irving, back from injury, provides a strong veteran presence. Though the West is crowded with formidable teams, the Mavs have high hopes to stay competitive all year.

Houston Rockets (7%)

Last year's campaign ended with a first-round defeat to a Lakers team missing some of its top players. Kevin Durant played just one playoff game, so that loss may be attributable more to health than talent. Fred VanVleet is back from the torn ACL that cost him all of last season, and Marcus Smart adds the kind of guard toughness that Ime Udoka's teams are built on. Durant and center Alperen Sengun are still the offense, but Amen Thompson may now be the most important player on the roster. Houston is deep and defensive-minded, and if Durant can stay healthy through the postseason, the Rockets have a real path to the conference finals.

Dallas Stars (6%)

The Stars were excellent in the regular season and then lost in the first round... again. That's becoming a pattern for the franchise, with three trips to the Conference Finals earlier in the decade but never breaking through. As they look to make it six straight playoff appearances, the regular season isn't a question for this team. The question is whether goalie Jake Oettinger can carry them through April.

Houston Astros (3.2%)

Even without a roster comparable to their glory years, the Astros proved, yet again, that they're always a playoff contender. Houston won the AL West with an 81-81 record, the first team in MLB history to win a division without a winning record. Then, they were swept out of the playoffs in the Wild Card round by the White Sox. Yordan Alvarez was dominant all season and is on the brink of claiming his first MVP award, and Hunter Brown remains a frontline starter. Heading into the winter, it's clear that the banner hangs because the division is weak, not because the Astros were strong.

Texas Rangers (3.3%)

Skip Schumaker's first season as manager ended at 80-82 and second in the AL West. The Rangers finished just one game behind a .500 Astros team and missed the playoffs for the third straight year since winning it all in 2023. Corey Seager and Jacob deGrom are still the faces of the team, but both are in their 30s with long injury histories, and the gap between this roster and a real contender is wider than one game in the standings suggests. A retool isn't optional anymore.

Texas Longhorns (7%)

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, 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 (1%)

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 quality bowl games and exicting 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 platform-dependent. For example, Novig requires users to be 21.

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.