"I think it's bad,"
"Obviously, I'm not gonna make many friends with this opinion."
"I think gambling has really destroyed a lot of young men's lives recently."
"a logical place to start, but I envision it not as a ceiling, but as a floor."
Prediction markets such as Kalshi and Polymarket enable wagers on events ranging from sports and weather to specific presidential speech wording. The platforms gained users during the 2024 election, benefited from a friendly federal posture, and amplified attention through PR stunts. Several members of Congress have voiced concern about gambling harms, insider trading, and election betting, yet only a few targeted bills have emerged. Major legal questions persist about whether states or the federal government should regulate the markets. Industry representatives are engaging lawmakers and hiring former officials to influence policy and head off backlash.
Read at Business Insider
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