AGA: $1B Tax Loss from Prediction Markets

The American Gaming Association released an email with the subject line 'ALERT: $1 billion in lost gaming tax revenue,' citing that 41 attorneys general agree the CFTC is not the regulator of national sportsbooks. According to AGA President & CEO Bill Miller, this loss in revenue would otherwise fund important community projects and pay taxes to states.

This statement is part of the ongoing dispute between sportsbooks and prediction markets, where states make tax dollars from sports betting but get nothing from prediction markets. The AGA's claim comes after President Trump attacked opponents of the CFTC's jurisdiction over prediction markets. solvita.blog