Poll: Most Americans Oppose Betting On Elections Through Prediction Markets
By The Weekly Edge desk ·
Summary
A Reuters/Ipsos survey of 4,506 U.S. adults, fielded Sept. 30 to Oct. 5, found majorities of both Democrats (69%) and Republicans (61%) against using prediction markets to bet on election outcomes. Three-quarters of respondents consider wagering on real-world events through these platforms to be gambling, and large majorities also object to markets on military actions and government policy. The results land as the CFTC and states dispute who has authority over event contracts, with New Jersey asking the Supreme Court to rule on whether states can enforce gambling laws against them.
Why it matters
Bipartisan opposition to election betting and three-quarters calling it gambling add political pressure on prediction markets as the CFTC and states dispute authority.