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“At $5.9 trillion in wagering value, this is certainly one of the largest financial systems in the world,” he added, describing the sector as operating largely exterior regulatory oversight. GCI CEO Matt Holt pulled no punches discussing the report. In Vali’s information, prediction platforms are zero.2 p.c of authorized sports-betting profitability inside the US. That regulatory carve-out, Vali argues, is what lets the category grow without showing up in either of the standard gambling buckets. The 78 p.c of gross gaming revenue captured by unregulated operators globally is the headline metric, but the more important number for fintech and crypto investors is hidden in the report’s definitional shift. Unregulated online playing reached $5.9 trillion in global wagering value in 2025, larger than the gross home product of each country on Earth besides the Usa and China, according to a brand new report from Gaming Compliance Worldwide (GCI).
