A gambling research company says prediction markets could become a $1 trillion industry nationwide when fully mature, with $435 billion of that coming from contracts on sports outcomes.
The battle between prediction markets and states that offer legal sports betting may not be resolved for months, even years.
Newport Beach, California-based Eilers & Krejcik issued a December report, “U.S. Prediction Markets: How Big, How Fast, What’s Next?” that estimates how much the federally regulated markets could slice into traditionally state-regulated sports wagering and that it may not be until 2027 that legal disputes wind their way through court appeals that may ultimately end at the U.S. Supreme Court level.
