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US poll finds majority oppose election betting on prediction markets

Regulation

A Reuters/Ipsos poll found that most US adults oppose betting on election outcomes and government decisions, amid debate over prediction-market regulation. The survey found 69% of Democrats and 61% of Republicans opposed election betting; 65% opposed bets on military operations and 63% opposed bets on public-policy decisions.

The findings provide evidence of public opposition relevant to the ongoing US debate over prediction-market oversight.

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Regulation

Texas election results revive discussion of sports betting and prediction markets

Democrats Gina Hinojosa and Vikki Goodwin defeated Republican incumbents Greg Abbott and Dan Patrick in Texas, prompting renewed discussion of sports betting, according to reports. Goodwin supports putting online sports betting and iGaming to voters, but two-thirds majorities in both Republican-controlled legislative chambers are required before a ballot vote.

Democrats Gina Hinojosa and Vikki Goodwin unseated Republican incumbents Gov. Greg Abbott and Lt. Gov. Dan Patrick on Tuesday. Their wins raised hopes that the Lone Star State might take another look at online sports betting.

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