The 'Legal' Gambling Trap: How Prediction Markets Are Hooking Millions and Fueling Addiction
Prediction markets like Kalshi and Polymarket are surging in popularity, marketed as financial exchanges rather than gambling. However, experts and former addicts warn they are highly addictive, poorly regulated, and pose a severe threat to public health, particularly for young people and those with a history of gambling problems, leading to significant financial and personal ruin.