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GCI estimates unregulated gambling wagers at $5.9tn in 2025

Regulation

Gaming Compliance International estimates that unregulated online gambling generated $5.9tn in worldwide wagers in 2025, according to its report. It says the estimate spans several gambling formats and excludes prediction markets from its unregulated category, placing them instead in an “unacknowledged” segment; the report says regulated activity represents 22% of online betting volume.

The estimate offers operators and regulators a reported measure of market activity outside regulated online gambling.

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Regulation

CFTC directs prediction markets to lift state geoblocks within 30 days

The CFTC said on 5 November that registered designated contract markets must remove domestic geographic restrictions that conflict with its fair-access requirements within 30 days. Exchanges must also ensure partner intermediaries comply, or explain in writing why they cannot; the guidance comes amid state court orders requiring restrictions in several states.

The CFTC said on 5 November that registered prediction market operators must unblock geoblocked states within 30 days. Under its new interpretative guidance, designated contract markets that cannot comply may instead explain in writing why they cannot.

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