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Citizens projects prediction markets revenue could exceed $10bn by 2030

Regulation

Citizens Financial Group projected that prediction markets could generate more than $10 billion in annual revenue by 2030, according to its report. The report identified regulatory uncertainty, liquidity fragmentation, insider information concerns and ambiguity over outcomes as obstacles to growth. It highlighted tensions between US federal and state authorities over sports-linked markets.

The projection and cited regulatory barriers inform investors and operators assessing prediction-market growth prospects.

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Regulation

Arkansas sues Kalshi over alleged unlicensed gambling

Arkansas has sued Kalshi in Independence County Circuit Court, alleging that its event contracts amount to gambling offered to residents without a state licence. The complaint seeks consumer restitution, civil penalties, taxes and an injunction; the amounts have not been determined, and the allegations have not been assessed by a judge. Kalshi has not publicly responded to this complaint.

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