AGA Blames $1B Tax Losses on Prediction Markets

The American Gaming Association (AGA) released a statement accusing prediction markets of causing a $1 billion loss in state and tribal gaming tax revenue. AGA President Bill Miller said that 41 attorneys general across the country have warned that the Commodity Futures Trading Commission (CFTC) is not the correct regulator for national sportsbooks, and that the losses affect community projects and state budgets. The claim adds new ammunition to the ongoing battle between sportsbooks and betting exchanges over regulatory authority and revenue sharing. sport-ipl.my