Report Claims Americans Drive Billions in Offshore Prediction Market Bets
A new report from a boutique consulting firm suggests that a substantial portion of U.S. prediction market activity occurs on offshore platforms. The report claims that nearly a third of the total U.S. prediction market volume, potentially totaling as much as $34 billion, involves bets secretly driven by Americans.
A recent report published by a boutique consulting firm indicates a significant amount of U.S. prediction market volume is conducted through offshore platforms.
The report claims that approximately one-third of the total prediction market activity originating from the United States takes place on these international platforms. This offshore volume is estimated to be as much as $34 billion in bets, which the report describes as 'secretly driven' by Americans.
According to The Block Crypto, these findings highlight the extent of U.S. participation in prediction markets operating outside domestic regulatory frameworks.
