Americans secretly drove as much as $34 billion in offshore prediction market bets, new report claims
60-second summary
Americans are secretly driving as much as $34 billion in offshore prediction market bets, according to a new report from a boutique consulting firm, with nearly a third of U.S. prediction market volume occurring on offshore platforms, highlighting a significant lack of regulatory oversight and potentially exposing users to unsecured transactions and unverified outcomes.
A new report from a boutique consulting firm claims that nearly a third of U.S. prediction market volume occurs on offshore platforms.