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, such as sports and politics. These platforms say they are not casinos because users bet against each other instead of a house. Students on campus often describe the activity as gambling. One says it is his favorite way to gamble, 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, which lets younger people get involved.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 and 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. 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.