Public Resistance Puts US Prediction Markets Under Pressure
News Source : ReadWrite
News Summary
- Six in 10 Americans oppose using prediction markets to wager on election results, a Reuters/Ipsos poll found.
- Opposition crossed party lines: 69% of Democrats and 61% of Republicans opposed election betting.
- 65% opposed betting on US military actions and 63% opposed wagers on government policy announcements or decisions.
- Three-quarters of respondents said wagering on real-world events through prediction markets is a form of gambling; 8% disagreed.
- The poll measures public sentiment, not whether the contracts are legally gambling or whether any particular market should be allowed.
Six in 10 Americans oppose using prediction markets to wager on election results, a Reuters/Ipsos poll found, adding a publicopinion challenge as officials debate how to regulate the industry.
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