Top Texas Politics Markets
The deepest contracts on the Texas board ask one question about one office: which party’s nominee wins it. The Senate contract, listed on Kalshi and Polymarket, pays on the winning party in the November 3, 2026 election for the state’s Class 2 seat in the United States Senate; the governor’s contract asks the same of the office Greg Abbott has held since January 20, 2015. Both have pages here, the Senate race and the governor’s race, and every House district carries a contract of the same shape, the 15th District and the 32nd District written up first.
Beside them sit ladders: a margin-of-victory ladder that prices how wide the Senate result will be, band by band, and a voter-turnout ladder that prices how many Texans will vote in it, each rung its own contract at its own line. Prices sit on the pages, dated; this page carries none.
What Moves Texas Politics Markets
The calendar moves them first. The Texas Secretary of State sets October 5, 2026 as the last day to register for the November 3 election, early voting runs from October 19 to October 30, and an application for a ballot by mail must be received by October 23; the early-voting turnout the state reports through that window is the first hard number before the count. The March 3, 2026 primary and the May 26, 2026 runoff fixed the nominees, and a replacement after that carries a contract with the party, not the person.
The map moves the House contracts. The districts vote in 2026 under PlanC2333, the congressional plan the 89th Legislature enacted in its second called session, while the members elected under the previous plan serve until January 2027, so each contract is priced on lines its sitting member never ran on. Otherwise a fundraising report, a forecaster’s rating or a poll reprices a race, and a withdrawal does it in an afternoon.
Why Texas Politics Prediction Markets
A poll asks a sample whom it favors; a contract makes traders pay for a result, and that price reads as the probability the market implies, shown here as a percentage and never in cents. Where Kalshi and Polymarket both list a question the site shows each price as that exchange’s own; where one lists it, the page says so. Settlement is fixed in advance: the Senate contract settles once the Associated Press, Fox News and NBC have called the race for the same candidate, or on the official certification if they have not, and Kalshi’s governor and House contracts settle on the inauguration or the oath of office rather than on election night. A projection is never a result here. The races and their dates are on the elections page; what Texas law says about each exchange is on the legal status page.