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Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the same
Two self-excluded gamblers say prediction markets triggered relapses as regulators and courts debate whether the platforms fall under federal oversight.
- Two gambling addicts told The Associated Press they relapsed on Kalshi and Polymarket after self-excluding from sportsbooks, exposing a significant gap in protection programs for vulnerable users.
- Prediction and sportsbooks offer similar wagering options on games and individual performances, creating a familiar cycle of anticipation and action that users struggle to resist once inside.
- Dr. Cynthia Grant, vice president of clinical for Birches Health, said the addiction cycle remains identical regardless of platform: "different doors into the same room" where the experience feels familiar.
- The Commodity Futures Trading Commission asserts exclusive jurisdiction over prediction markets, with CFTC chairman Michael Selig backing platforms in legal proceedings against states attempting to regulate them.
- With the sports-focused market projected to reach approximately $1.1 trillion annually, Kalshi is collaborating on national self-exclusion programs, though overlap with state-regulated systems remains unclear.
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27 Articles
27 Articles
Coverage Details
Total News Sources27
Leaning Left8Leaning Right1Center16Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 32%
C 64%
Factuality
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