Majority of Americans Oppose Betting on Elections
A new public opinion poll has revealed that a large portion of U.S. voters do not want betting on election results and government policies on prediction platforms.
According to a recent public opinion poll conducted by Reuters and Ipsos, a broad bipartisan American majority opposes betting on U.S. elections, military operations, and government decisions through prediction markets.
Poll Results
Sixty-nine percent of Democratic voters and 61% of Republican voters stated that they oppose betting on election results.
Sixty-five percent of participants opposed betting activities in prediction markets regarding military actions, and 63% opposed them regarding government policy decisions.
State of Prediction Markets
Rapidly growing platforms such as Polymarket and Kalshi are drawing attention by offering betting opportunities on many subjects ranging from elections to government moves.
The companies in question argue that their markets predict better than traditional polls and provide a hedge against various risks.
Politicians' Concerns
Politicians and lawmakers are concerned that these platforms could open new avenues for insider trading and market manipulation.
Some Democratic lawmakers argue that these markets are unethical, could cause societal harm, and might undermine national security.