Texas prediction markets like Kalshi and Polymarket are legal and operational in the Lone Star State to trade on sports event contracts, and sports fans in Texas can use our promo code CBSSPORTS to make forecasts on the biggest games. This page also explains how other TX prediction market apps work, like DraftKings Predictions, FanDuel Predicts, Underdog and Novig. Claim the $25 Kalshi bonus offer and $50 welcome 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.
Texas prediction markets | Welcome Bonus | Promo Code |
Kalshi | ||
Polymarket | ||
| Underdog | Keep Your Million & 50% Deposit match up to $1000 in bonus funds | CBS |
DraftKings Predictions | Trade $5, get up to $200 bonus trading credits (Paid within 21 days) | None required |
FanDuel Predicts | $25 in bonus trading funds after first qualifying trade | None required |
Fanatics Markets | Up to $350 FanCash with daily trade matches | None required |
Novig | Deposit $10, Get $25 in Bonus Trading Credits | None required |
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 $25 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Bonus trading credits cannot be withdrawn from your Kalshi account and the full bonus amount must be used to place trades on prediction markets before any profit can be withdrawn by a participant.
Kalshi Welcome Bonus | Trade $25+, Get $25 bonus trading credits |
Kalshi Promo Code | CBSSPORTS |
Minimum Deposit | $10 |
Available States | All 50 states, Washington, D.C. and U.S. territories users can create an account but specific products, event contracts and markets vary by state. *Market availability may change without notice in jurisdictions including, but not limited to, AZ, IL, MA, MD, NJ, OH, MT, AR, LA, MN, & WA. Sports contracts are unavailable in MI & NV. |
Promo Eligibility | Must reside in a US jurisdiction in which Kalshi Prediction Markets operate, be a first-time user and complete the KYC sign-up process. |
Legal Age | 18+ |
Last Verified | September 5, 2026 |
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 CBSSPORTS to get $25 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 $25 Kalshi bonus offer now:
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. Sports contracts are unavailable in MI and NV. See kalshi.com/regulatory for more information.
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 $50 when they deposit $10+ to make trades. The bonus trading credits cannot be withdrawn, but the profits from using the bonus credits can be.
Polymarket US Welcome Bonus | Deposit $10, get a $50 trading bonus |
Polymarket US Promo Code | CBSSPORTS |
Minimum Deposit | $10 |
Available States | All U.S. states (except NV), Washington D.C. and U.S. territories. Market availability may vary by state. |
Promo Eligibility* | Must be a US citizen and physically located in a state where Polymarket US operates. |
Legal Age^ | 18+ |
Last Verified | September 5, 2026 |
Prices on the Polymarket app are expressed in percentages, but the same principle for payouts applies. For example, if the Cowboys are at 90% to win a game, that's comparable to a price point of $50 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 a 50% deposit match worth up to $1,000 and entry into the Keep Your Million game.
| Underdog Welcome Bonus | Keep Your Million & 50% deposit match up to $1,000 in bonus funds |
| Underdog Promo Code | CBS |
| Minimum Deposit | $10 |
| Available States | AL, AK, AR, CA, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, LA, ME, MN, MO, MT, NE, NH, NY, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WA, WV, WI, WY |
| Promo Eligibility | 50% Deposit Match: New users physically located in TX are eligible | Keep Your Million: New or existing users physically located in TX are eligible |
| Legal Age | 18+ in TX |
| Bonus Trade-Through Requirement | 50% Deposit Match: 1x the deposit plus the bonus amount | Keep Your Million: 1x the bonus entries award |
| Last Verified | September 5, 2026 |
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 the 50% deposit match portion of this offer cannot be used there. Instead, they are available to use on Underdog's DFS side.
50% Deposit Match Bonus Credit Key Terms
- Bonus funds are non-withdrawable and only profit from eligible picks can be withdrawn after satifying the trade-through requirements within the turnover period
- Bonus Funds must be used on fantasy entries and cannot be used for straight prediction picks, which are event contracts.
- Underdog Fantasy/DFS picks now appear alongside Underdog Predict (also known as Underdog Prediction Picks or Team Picks).
- Bonus funds can be used on Prediction team picks only if the selection is a Combo with one prediction pick and two fantasy picks
- Bonus funds applied to entries must have payout multipliers of at least 2x.
- The bonus award must be used before winnings can be withdrawn.
- Bonus funds expire 14 days after being issued.
How Keep Your Million Promotion Works
Additionally, it is important to fully understand the Keep Your Million game in order to take full advantage of the Underdog signup promo. Every user begins the contest with $1 million in Milly Bucks that must be used for this contest. Here is a step-by-step breakdown of the contest.
- Step 1 – Pick a question
- Ex: Will Miami QB Malik Willis throw for Higher or Lower than 199 passing yards?
- Step 2 – Split your million
- Drag a slider to divide the pot between Higher and Lower. You can go 100% on one side, split it 50/50, or anything in between. All the money has to go somewhere.
- Step 3 – Lock it in
- Once you submit your pick before the game starts, it's locked. You can't change it.
- Step 4 – Keep your winnings
- When the game settles, keep whatever you put on the winning side. That amount becomes your pot for the next question.
- Step 5 – Run it back
- Make a pick for 20 questions. Survive all 20 and cash out whatever's left in Underdog bonus funds.
New users must make a first-time deposit of $10+ before gameplay; existing users may be required to make a qualifying deposit to participate in Keep Your Million. Milly Bucks used as part of Keep Your Million have no cash value and are not withdrawable. Selections must begin within 21 days of becoming eligible, and all 20 questions must be completed within 60 days, or the game expires and is settled as a loss.
Any Milly Bucks balance remaining after all 20 questions is awarded as Bonus Entries, up to $1,000,000. No award is issued if the balance reaches $0.
Bonus entries are non-withdrawable and require a 1x playthrough before any winnings can be withdrawn. They cannot be applied to entries with a payout multiplier lower than 2x the entry fee, and expire 14 days after being issued. 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.
FanDuel Predicts Welcome Bonus | $25 trading bonus with first real-money trade |
FanDuel Predicts Promo Code | None required |
Minimum Deposit | $10 |
Available States | All 50 states and Puerto Rico |
States Eligible For Promo | AK, AL, CA, DE, FL, GA, HI, ID, MN, ND, NE, NM, OK, RI, SC, SD, TX, UT |
Legal Age | 18+ |
Last Verified | September 5, 2026 |
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.
DraftKings Predictions
Similar to FanDuel, DraftKings has also rolled out a prediction market product which is available to customers in most states, including Texas. While Texas sports fans cannot access DraftKings Sportsbook, they can trade event contracts on DraftKings Predictions.
New DraftKings customers can get up to $200 after they spend $5+ in trades, with $50 in trading credit being issued instantly while the remaining $150 will be issued via click-to-claim within 21 days.
DraftKings Predictions Welcome Bonus | Trade $5, get up to $200 bonus trading credits (Paid within 21 days) |
DraftKings Predictions promo code | None required |
Minimum Deposit | $5 |
Available States* | 48 states (except NH and ME), Washington, D.C. and all U.S. territories |
States Eligible for Promo | AK, AL, CA, DE, FL, GA, HI, ID, MN, ND, NE, NM, OK, RI, SC, SD, TX, UT and all US territories besides Puerto Rico |
Legal Age | 18+ in most states |
Last Verified | September 5, 2026 |
If you have received a new customer offer from DraftKings Sportsbook, you are not eligible for this new customer offer on DK Predictions. While bonus credits can be applied to trading fees, they cannot be cashed out or withdrawn and must be used to make trades before using any cash balance.
*Sports event contract trading may not be available in some DraftKings Predictions jurisdictions including AZ, AR, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, MT, NV, NJ, NY, NC, OH, OR, PA, TN, VT, VA, WA, WV, WI, WY, DC, PR and tribal lands.
Fanatics Markets
Fanatics has launched its prediction market called Fanatics Markets, and Texas-based users are eligible to sign up. The platform is offering a promotion where new users can get up to $350 in FanCash with daily trade matches over their first 14 days. The first qualifying trade each day using your real-money cash balance is matched to a daily maximum, regardless of the trade's result, over the first 10 days after account creation.
Fanatics Markets Welcome Bonus | Up to $350 in FanCash with daily trade matches |
Fanatics Markets Promo Code | None required |
Minimum Deposit | $10 |
Available States* | AK, AL, CA, DE, FL, GA, HI, ID, ME, MN, MS, ND, NE, NH, NM, OK, OR, RI, SC, SD, TX, UT, WA, Guam, PR, American Samoa & US Virgin Islands |
Promo Eligibility | New users who are legal residents and physically present in states where Fanatics Markets operates |
Legal Age | 21+ |
Last Verified | September 5, 2026 |
The Fanatics Markets FanCash amounts via daily trade matches vary from $5 to $45 across the 14 days. Check each day for the maximum trade match amount offered.
Qualifying trades do not include unfilled, cancelled, or voided trades. Any trade using non-cash funds does not qualify. Each day runs from 12:00 a.m.–11:59 p.m. ET for this promotion.
FanCash is credited to your wallet within 72 hours of your trades settling, and can be used as trading credit at Fanatics Markets or site cash at Fanatics' online store. FanCash earned through this promotion cannot be withdrawn for real money and expires after 7 days.
*Void where prohibited. See full promotional terms and conditions at https://fanaticsmarkets.com/legal/tradeandget.
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 $25 trading credit bonus when they deposit $10 or more.
Novig Welcome Bonus | Deposit $10+, get $25 in Trading Credits |
Novig Promo Code | None required |
Minimum Deposit | $10 |
Available States* | Nationwide (excluding AZ, MI & NV) |
Promo Eligibility | Must be 21+, physically located in an eligible state* |
Legal Age | 21+ |
Last Verified | September 5, 2026 |
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
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, DraftKings Predictions, 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 September 5, 2026.
Houston Texans (5%)
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 (5%)
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 (23%)
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 (3.4%)
Even without a roster comparable to their glory years, the Houston Astros continue to find themselves in postseason contention. 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 (1.4%)
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 (12%)
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 (4%)
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 (3%)
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.
- DraftKings announces the launch of its prediction market.
- 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, DraftKings Predictions, 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.
