US advocates warn gambling support lags prediction-market growth
US public-health advocates warn that support for people experiencing gambling problems is not keeping pace with the spread of prediction markets and online betting. Kalshi and Polymarket say they fall under federal oversight rather than state gambling laws, while state authorities and lawmakers challenge that position in lawsuits. Timothy Fong said California spends about $9m a year on problem gambling through its Department of Health.
The dispute over prediction markets’ status and the reported support gap affect operators and state regulators.