News Summary

• National Council on Problem Gambling President Derek Longmeier says prediction markets are functionally gambling.
• Longmeier argues that regardless of how regulators legally classify prediction markets, the products can expose users to the same risks tied to traditional gambling.
• The statement arrived amid mounting pressure over Kalshi’s NCPG membership, which prompted Jaime Costello to resign immediately after the statement was published.
• NCPG maintains it takes no position on whether prediction markets should be legal, framing its mission instead around preventing gambling-related harm wherever it surfaces.