business

Prediction Markets Hit $24B A Month. Now US States Are Fighting Back

Forbes · Jul 1, 2026, 12:00 PM · Also reported by 2 other sources

Prediction markets now move $24 billion a month — more than legal sportsbooks. Here's how they avoid sports betting taxes, and how and why states are fighting back.

Read full story on Forbes → More top stories

Also covered by

Yahoo Finance Bitcoin Price Could Fall To $1,000, Claims Peter Schiff, as Citi Cuts Its 12-Month BTC Prediction CoinDesk Live markets: U.S. spot bitcoin ETFs had their worst month ever in June, shedding $4.5 billion

Aggregated and edited by the Scoop newsroom. We surface news from Forbes alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

Prediction Markets Hit $24B A Month. Now US States Are Fighting Back

Also covered by

More in business