Texas Lt. Gov. Lists Crypto, Prediction Markets in Charges to Senate
Texas Lt. Gov. Dan Patrick directed lawmakers to study crypto, blockchain, and prediction markets, focusing on gambling loopholes and federal coordination.Summary
Texas Lieutenant Governor Dan Patrick has tasked state senators with studying cryptocurrency, blockchain technology, and the growing prevalence of prediction markets as part of the preparation for the 2027 legislative session. Patrick aims to address potential “gambling loopholes” related to prediction markets and ensure the state’s regulations align with federal rules concerning digital assets. The charges also call for an examination of crypto kiosks within Texas, which has strict gambling laws. This initiative follows similar actions in other states where gaming authorities are challenging prediction market platforms like Kalshi and Polymarket. Additionally, Patrick requested a study on the impact of Artificial Intelligence (AI) on the Texas workforce, coinciding with reports of significant AI infrastructure investment in the state.
(Source：Cointelegraph)