Most Americans doubt prediction markets can prevent insider trading

5 articles · Updated · Scripps News · Apr 28

A Scripps News/Talker Research poll of 2,000 Americans finds 73% are concerned about insider trading on prediction markets, with 63% lacking confidence in platforms’ ability to stop it.
Over 70% believe these platforms should follow state gambling laws, and 65% see them as no different from gambling operations. Concerns cross party lines, with similar distrust among Republicans and Democrats.
Despite potential industry growth, most Americans are unfamiliar with prediction markets and skeptical of their accuracy. Younger generations are more familiar and trusting, but still share concerns about insider manipulation.

Can we trust markets to predict the future if they can't police their own users?

Will Wall Street’s entry legitimize prediction markets or just amplify their inherent risks?

Why are Gen Z and Millennials flocking to markets that older generations deeply distrust?

Who will win the regulatory war over prediction markets: individual states or the federal government?

With insiders already profiting, can new rules truly safeguard this emerging trillion-dollar market?

Should it be legal for anyone to financially profit from bets on war or elections?