According to a study by the Coalition for Prediction Markets (CPM), illegal offshore yes/no exchanges handled up to $34 billion in event contract trading volume from US users.
A recent study by the Coalition for Prediction Markets (CPM) revealed that regulated US prediction market operators found that illegal offshore prediction markets managed a significant trading volume of $34 billion from US users. The study, conducted in partnership with Rutgers University, sheds light on the extensive activity on these banned offshore platforms.
The findings underscore the challenges faced by US regulators in curbing unauthorized offshore prediction market activities and the need for stricter enforcement measures to protect US users from potential risks associated with unregulated platforms.
