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AGA Estimates $1 Billion Tax Revenue Loss from Prediction Markets
By Editorial profile image Editorial

AGA Estimates $1 Billion Tax Revenue Loss from Prediction Markets

The American Gaming Association estimates states have missed out on $1 billion in tax revenues due to the rise of prediction markets, according to the trade group's latest report.

The American Gaming Association estimates states have missed out on $1 billion in tax revenues due to the rise of prediction markets, according to the trade group's latest report.

President and CEO Bill Miller highlighted that the platforms lack proper federal regulation. The dispute over prediction market products, which offer yes/no event contracts, continues to grow.

By Editorial profile image Editorial
Updated on
Regulation American Gaming Association Bill Miller Prediction Markets Tax Revenue Federal Regulation