ME News reports that on September 4 (UTC+8), Texas Attorney General Ken Paxton has taken a firm stance against gambling within the state but has not yet initiated enforcement actions against prediction markets such as Kalshi. In July of this year, 44 state attorneys general collectively wrote a letter to the Trump administration, asserting that apps like Kalshi and Polymarket constitute新型 gambling and should be regulated by individual states; however, Paxton was not among the signatories. In May 2025, Kalshi donated $5,000 to Paxton’s “Lone Star Liberty” political action committee; on June 13, he further received $7,000 from Kalshi’s CEO, Tarek Mansour. Paxton is currently running against Democratic state representative James Talarico for a U.S. Senate seat. (Source: Foresight News)
Texas Attorney General Ken Paxton has not taken action against Kalshi despite receiving donations.
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Texas Attorney General Ken Paxton has not taken any enforcement actions against the prediction market platform Kalshi, despite receiving $5,000 in May 2025 and $7,000 in June 2025 from the company and its CEO. Paxton, who previously advocated for strict gambling laws, did not join 44 other attorneys general in July 2025 in urging federal action against platforms like Kalshi. His inaction stands in contrast to global regulatory developments, including MiCA (the EU Markets in Crypto-Assets Regulation). Paxton is now running for Senate against James Talarico.
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