By The Weekly Edge desk ·
NEXT.io reported that a CFG-commissioned GCI study estimated US unregulated online gambling revenue at $97.4bn in 2025. The study claimed unlicensed operators represented 77% of online gambling GGR, compared with 74% in 2024.
The study claims unlicensed operators account for most US online gambling revenue.
Request a correction / right of reply
Same companies, regulators or market.
Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.