AGA estimates under-21 users generated $8.844 billion in Kalshi sports trading
The estimate highlights a potential gap between Kalshi’s minimum age and state age limits for sports betting.
The estimate highlights a potential gap between Kalshi’s minimum age and state age limits for sports betting.
Operators and regulators face choices over state rules, tax policy and responses to illegal betting.
The figures show falling sports betting revenue and state tax receipts alongside continued growth in casino and iGaming revenue.
The AGA said prediction markets and unlicensed skill-machine and sweepstakes operators reduced state gaming tax collections, which fell 1.5% to $1.46bn.
The case could determine whether prediction markets must meet state gambling requirements when competing with licensed sportsbooks.
Proposed Pennsylvania restrictions could limit operators’ VIP programmes, microbets and push notifications amid gambling addiction concerns.
Tribal leaders and the AGA are coordinating against prediction markets as a California coalition prepares for possible sports betting changes.
Prediction markets face increased casino industry criticism alongside mounting scrutiny from courts, Congress and regulators.
Any state restrictions could affect prediction-market platforms offering sports contracts in Texas.
The proposed measures could set federal requirements affecting sports betting operators and prediction market platforms.
The findings inform operators’ consumer-protection work around financial literacy and how prediction markets are presented.
The findings may inform operators’ responsible-gambling education and regulators’ assessment of prediction-market consumer risks.
The proposals could change oversight and consumer-protection requirements for sportsbooks and prediction markets.
The discussion could shape whether prediction platforms face state-level gambling rules in Texas.
The case could affect whether states can apply gambling rules to prediction-market event contracts.
The proposed change would affect the federal tax treatment of gambling losses for operators’ customers.
The committee’s position could affect how prediction market products are treated under Texas gambling law.
The hearing may shape how Texas applies its sports-betting prohibition to prediction-market sports contracts.
Leagues and player associations are pressing state regulators to coordinate bans on bettors responsible for betting-related athlete abuse.
Regulated operators face reported constraints on United States NFL betting growth from prediction markets.
The AGA’s outlook identifies prediction markets as competition for state-regulated sportsbooks and raises concerns about their taxation and oversight.
The forecast gives regulated US bookmakers an estimate of NFL betting volume for the 2026 season.
The AGA links prediction markets to stalled legal betting growth and potential state gaming tax revenue diversion.
Regulated sportsbooks face prediction market competition for wagering spending as the association forecasts little change in NFL handle.
September marks the 28th Responsible Gaming Education Month, while almost 60% of Americans gambled in some form last year.