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Young Gambling Addict Blew Through $100k on Sports Gambling — but It Didn’t End There

Summary by thedailybs.com
A former college student who previously lost more than $100,000 gambling on sports turned to prediction markets after moving home to Utah, where betting was prohibited. A man identified only by his first name Chad, began wagering hundreds of dollars a day on Kalshi and lost more than $12,000 on the platform, according to Bloomberg. His experience highlighted concerns about whether prediction markets could entice people struggling with gambling a…

4 Articles

The Daily CallerThe Daily Caller
+3 Reposted by 3 other sources
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Young Gambling Addict Blew Through $100,000 On Sports Betting— But It Didn’t End There

Kalshi and Polymarket have rapidly expanded their businesses. The companies argue that their platforms function differently from Casinos.

·Washington, United States
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thedailybs.com broke the news on Wednesday, September 2, 2026.
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