The Dark Side of Online Sports Betting: A Reality Check Billionaire philanthropist John Arnold's $2. 6 million grant to researchers studying online sports betting is a timely warning to lawmakers and regulators.
As the industry continues to expand at an alarming rate, it's clear that the proliferation of prediction markets and mobile apps has created a perfect storm of accessibility and intensity.
The rise of platforms like Kalshi and Polymarket has transformed the way Americans gamble on sports. Gone are the days of physically visiting a bookmaker or placing a call to wager on a game.