By The Weekly Edge desk ·
Illegal US online betting revenue reached an estimated $97.4bn, BNLData reported, citing a study. The study found 45.2% growth in 2025 and estimated the segment represented 77% of total online betting revenue.
The study estimates that illegal betting revenue grew faster than regulated online betting revenue.
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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.