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Gambling addicts are struggling as Kalshi and Polymarket explode in the US: ‘You could be betting your rent away’

Experts warn that although prediction markets are not regulated as gambling platforms, they are just as addictive

When Kevin first heard about the prediction market Kalshi, he knew deep down it would be wise to stay away. Kalshi reminded him of a weakness of his: sports betting.

Kevin, who is 36 and works in law enforcement in Texas, has been a gambling addict for 18 years. It’s a problem that cost him his first marriage and forced him to file for bankruptcy.

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May 19, 2026 Prediction markets US news Gambling
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Gambling addicts are struggling as Kalshi and Polymarket explode in the US: ‘You could be betting your rent away’ Prediction markets May 19, 2026 Gambling addicts are struggling as Kalshi and Polymarket explode in the US: ‘You could be betting your rent away’ Experts warn that although prediction markets are not regulated as gambling platforms, they are just as addictiveWhen Kevin first heard about the prediction market Kalshi, he knew deep down it would be wise to stay aw...
Gambling addicts are struggling as Kalshi and Polymarket explode in the US: ‘You could be betting your rent away’

Experts warn that although prediction markets are not regulated as gambling platforms, they are just as addictiveWhen Kevin first heard about the prediction market Kalshi, he knew deep down it would be wise to stay aw...

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