Prediction markets could cost tribal, commercial gaming up to $39.4B a year: report

Tribal and commercial gaming could lose anywhere from $7.3bn to $39.4bn in gaming revenue each year if prediction markets continue operating nationwide under federal oversight, according to a report from KlasRobinson Q.E.D. set for release soon. KlasRobinson economists James Klas and Matt Robinson previewed their findings during an Indian Gaming Association (IGA) webinar Wednesday. The firm prepared the report for the IGA, and IGA Executive Director Jason Giles said it could be released next week.