Public Health Experts Warn of Gambling-Like Risks in Prediction Markets

Public health experts in the US have raised concerns about the growing impact of prediction markets on consumers. They compare the risks to those of pathological gambling and warn of widespread harm. Addiction psychiatrist Timothy Fong from UCLA states that increased participation in risky products leads to more side effects. He highlights the dangers of unchecked gambling behaviour.

Even in states like Utah, where gambling remains illegal, residents still engage in it and require support. Official estimates understate the number of people affected by gambling-related harm.

Current resources for gambling problems focus mainly on mainstream betting firms. These efforts are often insufficient, and responsibility for addressing harm remains unclear. Without legalisation, those affected receive little to no assistance.

Many individuals endure gambling-related suffering in silence. They rarely seek help, despite the severity of their struggles. States allocate significant funds to tackle alcohol and tobacco issues but spend far less on gambling harm. The lack of clear support systems leaves many without help. Gambling-related harm continues to grow, yet resources remain limited. Experts urge for better funding and clearer accountability to address the issue.