It’s highly likely you are here to find out whether Kalshi is legal in Texas. And we’re happy to tell you that as things stand currently, you can enjoy Kalshi prediction markets in all 50 US states.
Don’t worry if you’re not too familiar with how prediction markets work, we’ll explain the concept, provide some examples of the event contracts you’ll find at Kalshi, and the topics they cover. Incidentally, Kalshi is one of the few prediction market sites that currently offers a welcome bonus for new users, so we’ll take a look at that too.
When you sign up as a new Kalshi user, you can claim a $10 bonus once you’ve purchased $10 worth of event contracts. The minimum deposit amount is conveniently set at $10, but you can only use debit cards, or ACH bank transfer to fund your account.
There are no restrictions in terms of the event contracts, and the main consideration is that you’ll need to use your $10 bonus credits within 30 days. It’s also worth knowing that you must be at least 18 years old, and will be required to undergo a KYC verification process.
Kalshi is a CTFC-regulated trading exchange where you can buy and sell event contracts in various categories. Using an NBA match as an example of a Kalshi sports prediction, we’ll explain how these contracts work.
The question posed is ‘Will the Toronto Raptors beat the Cleveland Cavaliers’
Let’s say the probabilities currently stand at ‘Yes’ 65% and ‘No’ 35%. That means 65% of Kalshi users believe the Raptors will win the match. If you agree, you can buy a ‘Yes’ contract for $0.65. However, if you think the Cavaliers might cause an upset, the ‘No’ contract costs $0.35.
Whichever side you go for, if your prediction proves correct you ‘win’ $1, but if you chose wrongly, then you get nothing. For a correct prediction, the main difference is the profit you make. In our example a correct Raptors prediction would bring you $0.35 of profit per contract, but for a correct Cavaliers prediction, your profit would be $0.65 per contract.
In our NBA scenario, the prices remained static for ease of explanation. However, that wouldn’t happen in a real-life scenario, because the prices will change as more users buy and sell contracts. Some event categories are more prone to change than others.
For example, election predictions are especially volatile, particularly so as the event draws nearer. You must always keep a close eye on the current value of your contracts, and you’ll find Kalshi’s real-time graph particularly useful for that purpose.
This is only intended to be a short guide but if you’d like more in-depth information about how the brand works, and the prediction markets available you can always check out our main Kalshi review, but for now, here is a quick overview for you.
| Kalshi.com | Status/features |
|---|---|
| Status | CTFC-regulated trading exchange |
| Availability | All 50 US states including Texas |
| Accessibility | Website, or downloadable apps for iOS and Android |
| Sign up bonus | Make $10 of trades, get a $10 bonus |
| Prediction markets | Sports, politics, culture, crypto, economics and climate |
Kalshi makes it easy to see how many event contracts are currently live, and shows a selection of trending options within various prediction market categories.
Each contract shows the current probability of each outcome as a percentage, plus a graph that shows market movement i.e. contracts being bought or sold, in real time. The latter is especially useful if you are thinking of buying a contract when the event is imminent.
Here are some examples that we found while we were compiling this guide.
Although many Kalshi event contracts have a straightforward Yes/No format, like our examples above, others come in the form of Over/Under.
For example: 2026 Tesla sales in the US. The middle ground was set at 350k, with over and under contract purchase options. There are other, similar variations, but no matter how the questions are posed, there are only ever two possible outcomes.
At the time of writing, residents of Texas can legally sign up and enjoy the prediction markets at Kalshi. However, it is worth mentioning that prediction markets are still relatively new, and changes are likely, so we advise that you double check availability if you don’t plan on joining Kalsi straight away.
As we mentioned earlier, you can read our in-depth Kalshi review if you wish, but if you prefer to explore the site for yourself, you can use the link on our page banners to go straight there, and if you like what you see, don’t forget that there’s a $10 bonus available for all new traders.
As things stand currently, prediction market trading at Kalshi is legal in all 50 US states, including Texas. However, as trading event contracts are still relatively new, things might change in the future.
Kalshi offers a wide variety of prediction markets, offering event contracts that encompass topics like sport, politics, culture, crypto, economics and climate predictions. You’ll typically find 70+ event contracts live at any given time.
Each event contract at Kalshi poses a question with a simple ‘Yes’ or ‘No’ answer. You will see percentage probabilities beside each answer, which reflects user opinions. There are only two possible outcomes, and the payout you receive is either 100% ($1) or zero.
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