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Business

35% of bettors are leaving sportsbooks for prediction markets, echoing the regulatory loophole DraftKings built its business on

By Catherina Gioino Fortune

MAP Verified Summary — reported by Fortune

The American Gaming Association says states have already lost $500 million in tax revenue to prediction markets.

This story’s context record documents 7 observable dimensions — Origin, Attribution, Specificity, Timing, Framing, Context Change, and Information Relationships — as part of Media Alert Press’s context-documentation ledger. MAP does not score or rate this content. Read the full original story at Fortune →

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This article was syndicated from Fortune. All rights remain with the original publisher.

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