Prediction markets surge as experts warn of rising gambling addiction
Prediction markets surged in the US as public health advocates warned about growing gambling addiction issues on October 16. Timothy Fong, an addiction psychiatrist, cautioned that increased participation leads to greater problems. While the industry rapidly expands, resources to combat gambling addiction lag significantly behind, with California spending only $9 million annually to address the issue.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 21 Jun 2026, 10:00 UTC · Updated 21 Jun 2026, 10:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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