Regulation· ★★★· neutral·

Study: Prediction markets could cost US gaming industry 225,000 jobs

  • —Worst case: $39.4B in lost annual revenue and $8.3B in lost taxes
  • —Gaming losses: $7.8B for tribal and $31.6B for commercial operators
  • —Base case without expansion: $7.3B in revenue and 38,000 jobs
  • —CFTC ruled on Oct. 9 that casino-style products are not swaps
Why it matters: The outcome of the prediction-market dispute will decide whether such contracts fall under federal derivatives oversight or state gambling rules.
Source: DiarioBitcoin
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