Fewer Americans Are Gambling, Even as New Markets Rise
Summary
A Gallup survey shows that only 45% of U.S. adults reported gambling in the past year, a significant drop from 64% a decade ago and 63% in 2007. Lottery tickets remain the most common form (31%), followed by casino visits (14%) and sports betting (7%). Despite this decline, interest in alternative betting platforms is rising; prediction markets such as Kalshi and Polymarket allow users to wager on events ranging from sports to elections, arguing they are not casinos due to oversight by the Commodity Futures Trading Commission. However, New York has sued Kalshi, alleging it operates an unlicensed gambling business and avoids state taxes.
(Source:Newser)