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Prediction markets could change sports betting nationwide, report says
The report forecasts $435 billion from sports contracts and highlights ongoing legal disputes that could reshape U.S. sports betting and trading markets by 2027.
- Eilers & Krejcik, Newport Beach, California-based gambling research company, forecasted a $1 trillion U.S. prediction market, including $435 billion from sports, in its December report.
- By adding parlay-like contracts to replicate sportsbooks' emotional payoff, KalshiEx LLC may reshape betting and trading, Eilers & Krejcik cautioned.
- Kalshi filed a lawsuit in late March against Nevada Gaming Control Board members and the Nevada Gaming Commission, with U.S. District Judge Andrew Gordon dissolving a preliminary injunction in November while the Nevada Resort Association joined as a defendant.
- The report warned of numerous unanswered questions and said myriad risks, unknowns and uncertainties remain on the path to scale and adoption, while Eilers & Krejcik noted the regulatory fight may take months or years through courts and appeals process.
- Alan Wilmot, partner at Heitner Legal PLLC, predicts DCM outlets will expand in 2026 after last year saw a 500 percent increase, and the report said 50-state access could boost non-sports trading volume.
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Las Vegas Review-Journal+35 Reposted by 35 other sources
Prediction markets could change sports betting nationwide, report says
Since making a splash in Nevada in 2025, prediction markets could become a $1 trillion industry as they continue to grow, according to a recent report.
·Las Vegas, United States
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Total News Sources36
Leaning Left1Leaning Right4Center28Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
C 85%
12%
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