AGA Calls for FTC Oversight of Sports Prediction Markets, Launches Tax Loss Tracker

AGA warns that sports prediction markets threaten game integrity and local community benefits. It calls for federal oversight and tracks potential tax revenue loss.

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2025 November 5 . 11:15 AM

1 min read

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AGA Calls for FTC Oversight of Sports Prediction Markets, Launches Tax Loss Tracker

The American Gaming Association (AGA) has raised concerns about sports prediction markets, particularly platforms like DraftKings and FanDuel. It has called for the Federal Trade Commission (FTC) to oversee the nationwide sports betting sector and launched a real-time tracker showing lost gaming tax dollars due to online gambling products, currently over $122 million.

The AGA's research reveals that a significant majority of Americans, 85%, view sports event contracts as a form of gambling. Furthermore, 69% believe that states should have the autonomy to decide on permitting sports prediction platforms, mirroring the approach to legal sports betting. The AGA argues that these markets threaten the integrity of games and do not benefit local connections. It claims that prediction market platforms often disregard tribal and state oversight for the regulated sports betting sector. However, the AGA believes that one federal agency may not be sufficient to effectively oversee the nationwide sports betting sector.

The AGA's criticism of sports prediction markets and its call for FTC oversight reflect growing concerns about the impact of these platforms on gaming regulation and community benefits. The real-time tracker highlights the potential tax revenue loss due to online gambling products, emphasizing the need for effective regulation.