Survey: Most Americans Consider Prediction Markets Gambling

A poll commissioned by the American Gaming Association (AGA) and conducted by Qualtrics found that most U.S. respondents believe prediction markets should be regulated as gambling products rather than financial products. According to Sina Finance, 82% of respondents held that view across party lines, while 75% said trading event contracts tied to sporting events through prediction markets was no different from betting on sports wagering platforms. The AGA provided the findings to Semafor to bolster its position that state and tribal governments, rather than the Commodity Futures Trading Commission (CFTC), should regulate prediction markets as the U.S. Supreme Court prepares to issue a related ruling. AGA President and CEO Bill Miller said that, amid serious political divisions, Americans were overwhelmingly united in opposing what he called Kalshi's misleading marketing of sports betting as an investment activity.