75% of Americans consider Polymarket and prediction markets to be gambling
A Reuters/Ipsos poll reveals a strong rejection of bets on elections, government decisions and military actions, as regulatory pressure on Polymarket and Kalshi grows.
Polymarket is once again at the center of the regulatory debate in the United States. A new Reuters/Ipsos poll, published on October 12, reveals that 75% of Americans consider prediction market activity to be, in essence, gambling.
The poll also reflects a broad refusal to allow bets on political and government events.
According to the results, 69% of Democrats and 61% of Republicans oppose betting on elections, while more than 60% also reject markets linked to military actions or government decisions. Only between 8% and 9% support this type of product.
The data comes at a particularly delicate time for Polymarket and Kalshi, whose growth has intensified the discussion about whether these markets should be considered financial products subject exclusively to federal supervision or a form of betting that should also be subject to state gambling laws.
Precisely, INFOPLAY published on October 9 that the NFL has taken this regulatory conflict to the Supreme Court of the United States, demanding clarification of who should supervise markets linked to sports results. Infoplay
The controversy goes beyond sports. Polymarket maintains markets linked to politics, economics, technology and current events, which has increased doubts about integrity, insider information and consumer protection.
INFOPLAY also recently reported that Polymarket has incorporated deposit limits and self-exclusion mechanisms, tools traditionally associated with responsible gambling, while increasing pressure for these platforms to be subjected to controls similar to those of betting operators. Infoplay
The platform also maintains different regulatory fronts in Europe. INFOPLAY published on October 7 that Polymarket has taken the Netherlands Gaming Authority to court, defending that its contracts are financial derivatives and not gambling products. Infoplay
In Spain, Polymarket continues to be blocked, although its markets continue to include Spanish political events. INFOPLAY reported this week that the platform was moving more than a million dollars in markets related to Spanish politics. Infoplay
The new survey now adds a particularly relevant element to the debate: beyond how these products are legally defined, three out of four Americans identify them directly with gambling.