The 2024 US Presidential Election is scheduled for this Tuesday, November 5th, 2024. The 2024 Election will come down to a battle between Donald Trump (Republicans) and Kamala Harris (Democrats).
Donald Trump is the current favorite (-150) to win the election, while Kamala Harris is the underdog with odds of (+130). The race was basically a pick’em at the start of October, but Trump has built a lead according to the betting lines and is now the favorite leading into Election Day. It will be interesting to watch the betting markets throughout Election Day because I expect significant variance until a winner is annouced.
On this page I will touch on the legalities of betting on the election from Texas, look at the odds to become the next President and explain where you can bet.
Where To Bet
State-licensed sportsbooks in the US generally do not take bets on elections, TV shows or most awards shows, although a few states allow betting on select awards like the Oscars. Prediction markets such as Kalshi and Polymarket, which are regulated by the Commodity Futures Trading Commission (CFTC), offer contracts on many of these events.
Offshore sportsbooks also post odds on entertainment and political events, but they are not licensed or regulated by any US state. Our guide to sports betting in the USA explains each option in more detail.
2024 Election Betting In Texas
It is not currently legal to operate a sportsbook in the state of Texas.
That said, it is not illegal for Texas residents to place bets through offshore betting sites that are licensed and regulated outside of the United States.
**Texas is considering legalizing sports betting in the state in the near future, but no definitive progress has been made.
US Presidential Election Odds
The most popular election bet is of course who will win the 2024 US Presidential Election (odds below from November 4th, 2024).
The betting line has Donald Trump as the favorite to win the election with odds of -150. These odds indicate an implied probability of 60% that Trump wins. Kamala Harris has odds of +130 indicating an implied probability of 43.5% that Harris wins the election as the Democratic nominee. According to the odds there’s a 103.5% chance either Trump or Harris wins the 2024 Presidential Election. The extra 3.5% makes up the vig in the betting market.
These odds were taken on November 4th, 2024 (the evening before Election Day). The election odds can change quickly and dramatically.
Bet On The 2024 US Election in Texas – 3 Step Guide
Whichever option fits you, getting set up only takes a few minutes. Here’s how it works.
Step 1. Choose Where To Bet
No US state lets its licensed sportsbooks take bets on elections, so prediction markets such as Kalshi and Polymarket are the regulated way to trade on the outcome from Texas. Each contract pays out if the result you picked happens, and its price reflects the market’s view of how likely that is. Offshore sportsbooks also post election odds, but they are not licensed or regulated by any US state.
Step 2. Create and Verify Your Account
Sign up with your legal name, date of birth and address. Licensed sportsbooks require you to be 21 or older in most states, while most prediction markets and DFS apps accept players from 18. Regulated platforms verify your identity and check your location, so have your ID handy.
Step 3. Place Your Bets
Find the presidential election market, pick the candidate or party you expect to win, and check the contract price before you confirm. A lower price means the market sees that outcome as less likely, and a bigger potential payout if it happens. Most regulated platforms let you set deposit and time limits in your account settings. If betting stops being fun, help is available 24/7 at 1-800-GAMBLER.
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