Alabama is on the verge of losing big on gambling—again.

The state’s idiotic approach to the regulation and taxation gambling—or, to be more accurate, the absence of both—has been well documented over the years. As has the astronomical amount of money the state has lost by refusing to accept the reality that gaming is rampant around Alabama.

And now, the latest punch in the wallet is on the way: prediction market wagering.

If you haven’t heard of it yet, you will soon. It is a reality in all 50 states, including this one, and it has essentially legalized sports betting with the blessing of federal regulations.

It is growing in popularity and it is an extremely lucrative business, particularly in states like Alabama that have yet to legalize sports betting and other forms of gambling. I

See Full Page