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.
Prediction Markets
165 Posts
DraftKings to Launch Microbetting Prediction Markets
DraftKings is set to launch microbetting on its prediction market platform.
Prediction Markets Under Regulatory Scrutiny
The prediction market sector is under rising scrutiny from lawmakers, regulators, and parts of the gaming industry.
Impact of Trump's Support on Prediction Markets
President Donald Trump has given his vocal support for the industry and declared Democrats opposing their expansion as ‘SCUM‘. But with the Democrats likely to win the next election, the whole industry could be upended in two years’ time.
Trump Supports Prediction Markets and CFTC Authority
U.S. President Donald Trump dramatically changed his stance on prediction markets and the Commodity Futures Trading Commission’s (CFTC) authority, expressing support for the CFTC's exclusive jurisdiction.
Donald Trump Backs Federal Control of Prediction Markets
US President Donald Trump has renewed support for federal oversight of prediction markets while the Commodity Futures Trading Commission (CFTC) pursues court action against several states.
Kalshi Responds to Smear Campaign with Americans for Fair Markets
Kalshi has responded to a smear campaign run by the group FairPredicts by launching a new advocacy group, Americans for Fair Markets (AFM). The company said the group will defend against the gaming industry’s lies about prediction markets.
Nevada Rep. Dina Titus Raises Concerns Over Sports Contracts
Nevada Rep. Dina Titus has renewed calls for federal action against prediction markets offering sports and casino-style contracts, arguing that the platforms are operating outside the state and tribal oversight systems that govern legal gambling.
President Trump Calls for Regulation of Prediction Markets
Prediction market opposition continues to mount, but the sector is holding its own and launching legal counter-offensives
Kalshi Launches Fine Art Trading in Prediction Markets
Kalshi has launched a new category of fine art trading, an important step in the evolution of prediction markets.
Spain and Indonesia Declare Prediction Markets as Unlicensed Gambling
Spain and Indonesia have declared prediction markets as gambling, banning leading platforms from operating in the countries.
Rhode Island AG Targets Prediction Markets
The attorney general of Rhode Island, Peter Neronha, has launched a lawsuit against prediction markets despite pushback from the CFTC and private companies.