Cynthia Grant is a licensed clinical social worker who helps people with gambling addictions. She shared her insights as prediction markets become more popular.
DENVER — Lying. Being secretive. Losing a substantial amount of money. The hallmarks of gambling addictions are showing up among some people betting on things like the weather, elections and celebrity awards shows in prediction markets.
Prediction market apps like Polymarket and Kalshi have become popular as people put their money toward the outcome of news events. These apps, unlike sports betting apps, are regulated differently. The money put into the systems are characterized as “trades” and “event contracts” as opposed to
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