Texas Lieutenant Governor Dan Patrick has asked state lawmakers to study prediction markets and cryptocurrencies. He noted the rise of "prediction market gambling" and legal actions elsewhere, signaling a potential new focus on Web3 regulations in Texas.

The Texas Lieutenant Governor, Dan Patrick, has urged state lawmakers to examine both cryptocurrencies and "prediction market gambling." Prediction markets are platforms where people bet on future events, like elections or economic outcomes, often using crypto. Patrick’s call comes as other states and countries are already challenging these platforms in court. This move shows that Texas officials are taking a serious look at how Web3 technologies, like decentralized finance and digital assets, might need new rules or oversight. The goal is to understand their rapid growth and potential impact on the state.