AGA says prediction markets cost US$1bn in US gaming taxes
The AGA said prediction-market platforms are offering sports betting outside US state and tribal gambling frameworks. It said lost state gaming taxes since sports contracts began on those platforms have exceeded US$1bn, while the operators avoid requirements including age verification, anti-money-laundering controls and responsible-gambling measures.
The claimed tax loss and differing controls create regulatory and competitive concerns for licensed US sports-betting operators.