Prediction Bets: Students, Money, and a Health Warning

A business major in Madison has turned his news‑reading hobby into a $110,000 side hustle by betting on what will happen in elections and speeches. He is one of many who use online sites where people trade on real‑world outcomes—sports, politics, and more. These platforms claim they are not casinos because users bet against each other instead of a house.

Students on campus often describe the activity as gambling.
“It’s my favorite way to gamble,” one says, while another notes that skill and research can help win.

The age limit for using these sites is 18—lower than the state’s casino minimum of 21—making it easier for younger people to get involved.

Health Concerns

Health advocates warn that this new form of betting could spark a widespread addiction problem.

• A public health expert compared the ease of access to how tobacco was marketed in the past.
• A gambling counselor reports that calls for help have risen sharply, noting that among all addictions, gambling leads to the highest suicide rate.
• A study found that more than a third of boys aged 11‑17 have gambled in the past year.

Regulatory Questions

The rapid growth of these markets raises questions about regulation, legality, and safety. If you or someone you know is struggling with gambling, help is available on Wisconsin’s free helpline at 800‑GAMBLE-5 or 800‑426‑2535.