Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the same
Clinicians warn that prediction markets are triggering gambling relapses despite claims of being distinct from sportsbooks.Summary
The rapid growth of prediction markets has ignited a legal and regulatory debate, with operators arguing they should be treated like stock exchanges while regulators seek to supervise them similarly to sportsbooks. However, clinicians treating gambling disorders report that the experience for addicts is virtually identical, noting that prediction markets offer the same cycle of anticipation and loss. Two individuals, a soccer coach and a tax accountant, described relapsing on prediction markets like Kalshi and Polymarket after self-excluding from sportsbooks. Experts emphasize that the addictive behaviors, such as chasing losses and secrecy, remain consistent across both platforms. While prediction markets are currently in a largely unregulated space, the Commodity Futures Trading Commission asserts its exclusive jurisdiction, leaving the industry in a legal gray area that raises concerns about accessibility and addiction risks for younger demographics.
(Source：Breitbart News Network)