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Prediction Markets Could Swing Texas Sports Betting in 2027
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Story summary
- Texas lawmakers are expected to consider sports betting legislation in 2027.
- Prediction markets generate revenue in Texas without producing state tax receipts, according to EKG.
- EKG says limited evidence suggests prediction-market revenue will persuade Texas legislators to approve wagering.
- EKG warns prediction markets could strengthen opposition to sports betting among Texas lawmakers.
- Texas’s fiscal 2026-27 budget totals $338 billion, reducing incentive for a sports-betting tax.