Most Americans polled oppose betting on elections: Reuters
The prediction market industry enables people to bet on US elections and sporting events.
A recent Reuters/Ipsos poll reveals that the majority of Americans oppose the practice of betting on US elections and government actions. The prediction market industry, where individuals can wager on election outcomes and sporting events, has sparked a legal battle between state and federal agencies over regulatory authority. According to the poll, 69% of Democrats and 61% of Republicans are against using prediction markets for election results.
Even betting on professional sports received mixed responses, with 43% opposing and 29% supporting the idea. The Trump administration is pushing for federal regulations through the CFTC, but states are vehemently opposing these measures. This ongoing dispute may ultimately find its way to the Supreme Court. A coalition of 39 US states and the District of Columbia has filed an amicus brief, highlighting the contentious "national turf war" that requires a Supreme Court resolution.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
