Two self-excluded New Yorkers, a 21-year-old soccer coach and 33-year-old tax accountant, told AP they relapsed on Kalshi and Polymarket after sports-betting bans.
Clinicians said patients show the same chasing losses, secrecy and daily-life disruption seen in sportsbook addiction, while prediction markets remain available in some states where sports betting is illegal.
The dispute spans courts and legislatures, with the CFTC asserting exclusive jurisdiction; age access also differs, as prediction markets can admit 18- to 20-year-olds unlike most legal sportsbooks.
With billions at stake, will prediction markets be regulated as financial tools or as addictive digital casinos?
As courts clash over jurisdiction, who will ultimately decide the rules for this trillion-dollar industry?
When national security secrets are traded for profit, can regulators prevent the next insider trading scandal?