PANews reported on April 1st, citing Cointelegraph, that Texas Lieutenant Governor Dan Patrick has prioritized research into prediction markets, cryptocurrencies, and blockchain in his upcoming legislative agenda. He has instructed lawmakers to focus on "closing gambling loopholes," investigating the "sudden proliferation of prediction market gambling," and addressing attempts to circumvent Texas's gambling ban using federal law. Regarding fintech, he has requested an assessment of the state's alignment with federal regulations in the cryptocurrency and blockchain fields, and a review of cryptocurrency self-service terminals.

Texas has some of the strictest sports betting and gambling laws in the nation, primarily limiting betting to casinos on Indian Reservations and the state lottery system. Other states have filed lawsuits against prediction market platforms such as Kalshi and Polymarket regarding sports and election betting, but Texas has not yet joined them. The Texas legislature convenes every two years, with the next session scheduled for January 2027 and lasting 140 days.