""This polling confirms that unabated sports gambling on prediction markets is a growing concern across America. Prediction markets are trying to disguise their sports betting products as a financial investment, misleading Americans and dodging consumer safeguards like age requirements.""
""Three-quarters of respondents said consumers could easily misunderstand prediction markets as legitimate investments. The language used by platforms appears to contribute to this confusion, leading to significant concerns about consumer risk.""
A nationwide survey reveals that the majority of Americans perceive sports prediction markets as gambling rather than investment tools. Conducted by Morning Consult, the poll indicates that 83% of respondents have not engaged with prediction markets in the past year. Despite increasing awareness, 81% classify sports-related activities on these platforms as gambling. Concerns arise over the misleading nature of these markets, with many believing they blur the lines between legitimate investments and gambling, potentially putting consumers at risk.
Read at ReadWrite
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