Gate News message: Texas Senate Deputy Governor and President Pro Tempore Dan Patrick has announced that he will include research on prediction markets, cryptocurrencies, and blockchain as priorities for the next legislative session. In his statement, Patrick said these interim tasks are intended to advance the Texas conservative agenda, with a focus on assessing whether activity in prediction markets could potentially circumvent Texas gambling restrictions—especially for markets related to elections.
Patrick also called for stronger coordination of federal regulations for cryptocurrencies and blockchain, and for an evaluation of crypto self-service kiosks operating in Texas. In recent years, Texas has been actively laying groundwork in the crypto space, including purchasing $5 million worth of Bitcoin for the first time in November 2025, making it the first U.S. state to establish a Bitcoin reserve.
Texas is not the only place reviewing prediction markets. Nevada and Arizona have filed lawsuits against platforms such as Polymarket and Kalshi, with concerns centered on legal compliance and preventing gambling loopholes. Analysts note that as crypto assets and prediction markets grow rapidly, state governments will face continued increases in regulatory pressure regarding related risks.
Among other legislative priorities, Patrick proposed studying the impact of artificial intelligence on Texas’s workforce and the importance of economic competitiveness. Google’s recent investment of billions of dollars in Texas to build data centers to support Anthropic’s operations shows that technology and digital assets are becoming an important part of the state’s economic strategy.
The Texas Legislature meets every two years. The next 140-day session will be held in January 2027. As regulatory issues for cryptocurrencies and prediction markets are added to the main agenda, markets and investors will closely watch Texas for further action on digital-asset legal frameworks and blockchain policy.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC drops 0.75% in 15 minutes: quick pullback triggered by short-term position trimming and capital outflows
2026-04-14 16:45 to 17:00 (UTC), the BTC market saw a clear ups-and-downs move, with a 15-minute return of -0.75%. The price quickly dropped from the 74529.4 to 75233.4 USDT range, with an amplitude of 0.94%. During this period, trading volume increased by about 12% compared with the average of the prior hour; market attention rose, and volatility significantly intensified.
The main drivers of this sudden move were short-term holders collectively cutting positions and a large outflow of exchange funds. From 16:45 to 17:00, the net outflow of BTC was approximately 4,800 BTC
GateNews1h ago
Bitcoin Reclaims $76,000 as US March PPI Misses Forecasts
Bitcoin surged past $76,000 following lower-than-expected US Producer Price Index data for March 2026, which indicated a 4% year-over-year increase. The rise reflects strong market support despite declining leveraged positions.
GateNews2h ago
BTC 15-minute rise of 0.64%: a technical breakout of key resistance combined with weak liquidity amplifies volatility
2026-04-14 15:30 to 15:45 (UTC), BTC saw short-term fluctuations within the 74,795.5 to 75,319.3 USDT range, with a return of +0.64% and a range of 0.70%. During this period, market attention warmed up, volatility intensified, trading volume rose slightly compared with the previous hour, and short-term buy orders pushed the price upward quickly.
The main driver of this unusual move was BTC’s short-term technical breakout above the 74,000 USDT key resistance, which generated a long signal and triggered rapid responses from quantitative and programmatic buy orders. At the same time, because the order book depth has been rising since 2025
GateNews2h ago
Bitcoin Reclaims $75,000 for Second Time Since US-Iran Conflict, Up 7% in 24 Hours
Bitcoin surged to $75,000 amid rising U.S.-Iran tensions, adding $98 billion to its market cap and causing $500 million in liquidations. Technical analysts suggest that holding support above $67,000 could lead to an increase toward $80,000, despite highlighting $50,000 as a critical level if support fails.
GateNews3h ago
BTC 跌破 75000 USDT
Gate News bot 消息，Gate 行情显示，BTC 跌破 75000 USDT，现价 74993.6 USDT。
CryptoRadar3h ago
Goldman Sachs files a Bitcoin premium income ETF application with U.S. regulators
Gate News message, according to the submitted filings, Goldman Sachs has filed an application with regulatory authorities for a Bitcoin Premium Income ETF.
GateNews3h ago
