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Author Topic: Most Americans oppose betting on elections, government events, Reuters/Ipsos pol  (Read 1495 times)
lombok
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November 01, 2026, 09:54:34 PM
 #141

...So those opposing the idea are only concern about the aftermath effect of gambling when it comes to public and government issues, which is reasonable if am asked to.

Though, ideally betting and predictions on public affairs like elections and politics in a country should not have any effect on the direction the country will take, both the prediction markets and politics are supposed to be isolated from one another, so those with huge stakes of money in prediction markets don't have an actual day on political movements.

However, I recognize that is not the reality when it comes to the United States and Polymarket. Politicians can bet on themselves and there are always people with privileged information who will take advantage of it to get money.
If the state can guarantee there is separation between markets and those with privileged information, then there is no reason to forbid regular people from betting on elections or political policies...
The huge amount of money that goes into predicting winners in the elections is capable of turning healthy political system into extremely dangerous one for the manipulation of figures. Secrets from high places usually reach the ears of rich people who make profits even before the policies are publicly declared officially. While there is no definite separation between the state policy makers and the gamblers in the business, public involvement would definitely lead to losses. The trust of the public on the integrity of the democratic process is gradually being undermined by the selfish interests of the few individuals who manipulate the market sentiments for their own gains. It is therefore very important that strict protective measures are put in place.


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Hispo
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November 02, 2026, 12:25:59 AM
 #142


The huge amount of money that goes into predicting winners in the elections is capable of turning healthy political system into extremely dangerous one for the manipulation of figures. Secrets from high places usually reach the ears of rich people who make profits even before the policies are publicly declared officially.

That is why there should be restrictions and accountability, check and balances so those who take advantage of the system get punished, but that does not mean people will have to give uo on their rights to bet on whatever they want.

You and I are just normal citizens who don't have any privileged information on politics in our countries, why would we need to be restricted from accessing to betting markets? It does not make sense.

Also, trust in democracy goes far beyond prediction markets, even before Polymarket got popular in the United States, Trump was already claiming there was electoral fraud when he faced Biden for the presidency.

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November 02, 2026, 05:12:17 AM
 #143

Then it's obvious that the people knew about the manipulation of the government and that's why are against the prediction market in the country, they should bring up a vote if people still want prediction markets to exist or not, I already have an idea about what will happen from there on, when people don't want something that could benefit them it's always because some group of people are taking the most advantage and they are the ones losing money.

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November 02, 2026, 07:52:03 AM
 #144

The title of the topic in full: Most Americans oppose betting on elections, government events, Reuters/Ipsos poll finds

I do not know if this is initiated not to allow prediction market not to allow United States presidential election bet. 4506 people in the United States voted. The vote is not in favour of gamblers.

There are also gambling sites that are not predication markets that allow bets on United States presidential election.

Do you think that survey is accurate?

I do not think this kind of service is necessary. I do not see a way betting on United States presidential election can lead to manipulations.

It might be accurate but can also be framed or targeted at people who would be sensitive to gambling of any kind. These kind of bets have been going on for at least a couple decades if not more on regular gambling sites. It doesn't have any impact on the election itself and there have been plenty of upsets where the favorite lost. Some people just dislike gambling in general and will cast a vote against it in any format. Prediction markets are also getting bad publicity at the moment and this could be the overspill of that reaction. It would be interesting to see if there's any difference of opinions of the vote was also conducted outside of the US. For the land of the free it does seem rather oppressive in many ways these days.

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November 02, 2026, 08:30:00 AM
 #145

Then it's obvious that the people knew about the manipulation of the government and that's why are against the prediction market in the country, they should bring up a vote if people still want prediction markets to exist or not, I already have an idea about what will happen from there on, when people don't want something that could benefit them it's always because some group of people are taking the most advantage and they are the ones losing money.
But the poll was on 4506 people and not the entire population. Also this is a poll on something that has to do with election and not about prediction market totally. Did you see how people from United States bet on prediction markets during world cup? People are really gambling. I do not think that poll is fairly conducted. If the entire population get involved in a vote, more people will vote for prediction markets to be allowed.

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November 02, 2026, 09:02:26 AM
 #146

The huge amount of money that goes into predicting winners in the elections is capable of turning healthy political system into extremely dangerous one for the manipulation of figures. Secrets from high places usually reach the ears of rich people who make profits even before the policies are publicly declared officially. While there is no definite separation between the state policy makers and the gamblers in the business, public involvement would definitely lead to losses. The trust of the public on the integrity of the democratic process is gradually being undermined by the selfish interests of the few individuals who manipulate the market sentiments for their own gains. It is therefore very important that strict protective measures are put in place.

If you look at the pattern of Polymarket and how events are predicted, you will know when an entity is making decision of the outcome. You will see a single account deposit millions and buy the shares of an event, people see this and rush to follow it and after sometime, the result goes to the side of people that first makes deposit. This alone has tempered with the reputation of the system, if you now include election into it, the result will be game over.

As far as election is concerned, there will be money around each party that are contesting, there will be people that want to push money to predict the outcome. It may not even be a favour of who is winning, people can do anything to make money.

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Today at 01:25:25 AM
 #147

Then it's obvious that the people knew about the manipulation of the government and that's why are against the prediction market in the country, they should bring up a vote if people still want prediction markets to exist or not, I already have an idea about what will happen from there on, when people don't want something that could benefit them it's always because some group of people are taking the most advantage and they are the ones losing money.

In the case of the United States, it would take a whole state referendum in order to ban or keep prediction markets on political events available to citizens, as it stands today it is pretty much a grey area, hence there are so many lawsuits still active against Polymarket and against Kalshi in several States of the USA.

Still, I continue to keep my position, just because something is not widely popular among the people of a country it does not mean it is supposed to be outlawed, the USA is a country with hundreds of millions of people, and a percentage of them genuinely enjoy having access to prediction markets and bet on politics.

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Today at 02:01:41 AM
 #148

You don't need to buy a whole election to mess with a prediction market, you just need enough capital to move the odds temporarily. Political campaigns are driven by momentum and media narratives. If a wealthy donor dumps $10 or 20 million onto an event contract to artificially inflate a candidate’s odds, major news outlets report that candidate as the "favorite". The market isn't reflecting reality, it's shaping it.

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Today at 06:44:17 AM
 #149

~
~I myself against with election and other government events betting, because it possess serious national threat on the country.

How so? How betting on election and other government events can possess a serious national threat? I think, betting is betting. It's fun in the first place. And when people have fun it's good for the country, not bad. Unless you live in North Korea, of course. There the more you suffer, the better for the country. Because everything is backwards there. Back to the topic. People who lose from betting shouldn't bet, but they can't forbid it for everyone else.

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Today at 11:30:40 AM
 #150

~
~I myself against with election and other government events betting, because it possess serious national threat on the country.

How so? How betting on election and other government events can possess a serious national threat? I think, betting is betting. It's fun in the first place. And when people have fun it's good for the country, not bad. Unless you live in North Korea, of course. There the more you suffer, the better for the country. Because everything is backwards there. Back to the topic. People who lose from betting shouldn't bet, but they can't forbid it for everyone else.

Is it possible that those who bet against election winner will get one day identified and their names would be put in a list of potential traitors ? Sounds like a crazy and unrealistic idea, but in small groups, if voting results become public and people find out who voted against who, some people change attitude to people who voted differently. As everyone now gather data and store data, is it possible that betting selection will be one day used against people? It is a statistic, that can be worked with.

 
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Today at 12:08:45 PM
 #151

Then it's obvious that the people knew about the manipulation of the government and that's why are against the prediction market in the country, they should bring up a vote if people still want prediction markets to exist or not, I already have an idea about what will happen from there on, when people don't want something that could benefit them it's always because some group of people are taking the most advantage and they are the ones losing money.

Only a naive person will think that there is no election that is not influenced by people. There is no election that people don't use opportunities and it's not just about the election result, even money are been made during election. This behavior affect the transparency of the people's voice, not what they want because another person is using it to make money, definitely another person is going to win the elections that people will have to wait for another 4 years before they will be able to vote again.

I noticed that throughout the election process of senate in the US, I haven't seen any headlines from Polymarket or other prediction market place where people bet for events. They have gone quiet, perhaps it's because Polymarket is even ban in US but people are still using VPN to access them and if you look at the events currently active, they have millions of total volume been traded there.

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Today at 12:10:12 PM
 #152

...
The huge amount of money that goes into predicting winners in the elections is capable of turning healthy political system into extremely dangerous one for the manipulation of figures. Secrets from high places usually reach the ears of rich people who make profits even before the policies are publicly declared officially. While there is no definite separation between the state policy makers and the gamblers in the business, public involvement would definitely lead to losses. The trust of the public on the integrity of the democratic process is gradually being undermined by the selfish interests of the few individuals who manipulate the market sentiments for their own gains. It is therefore very important that strict protective measures are put in place.
Yeah, in this case it's important to separate two completely different things here: using insider information to make money and actually interfering in political processes to influence election results. Just because huge amounts of money are being bet on Polymarket doesn't automatically mean that someone can manipulate the outcome of an election.

As for insider information, this problem exists not only in prediction markets but also in traditional financial markets.  The main thing is for the government to deal with actual manipulation rather than trying to solve the problem by completely banning these markets.


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Today at 12:39:04 PM
 #153

...
The huge amount of money that goes into predicting winners in the elections is capable of turning healthy political system into extremely dangerous one for the manipulation of figures. Secrets from high places usually reach the ears of rich people who make profits even before the policies are publicly declared officially. While there is no definite separation between the state policy makers and the gamblers in the business, public involvement would definitely lead to losses. The trust of the public on the integrity of the democratic process is gradually being undermined by the selfish interests of the few individuals who manipulate the market sentiments for their own gains. It is therefore very important that strict protective measures are put in place.
Yeah, in this case it's important to separate two completely different things here: using insider information to make money and actually interfering in political processes to influence election results. Just because huge amounts of money are being bet on Polymarket doesn't automatically mean that someone can manipulate the outcome of an election.

As for insider information, this problem exists not only in prediction markets but also in traditional financial markets.  The main thing is for the government to deal with actual manipulation rather than trying to solve the problem by completely banning these markets.

Manipulation can possibly happen if there's a person holding lots of information on politics or other government activities.

This is popular cases recorded about insider thing.

https://www.dentons.com/en/insights/alerts/2026/april/27/doj-and-cftc-bring-first-of-its-kind-prediction-market-insider-trading-case
https://time.com/article/2026/04/24/soldier-charged-insider-trading-polymarket-van-dyke-maduro-capture-trump
https://www.jdsupra.com/legalnews/corporate-insider-trading-on-prediction-3165338

Yeah this cases exist on different situations. Also I guess US government really need to do something, so they can avoid experiencing more possible problems with critical info's that might be shared online.

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Today at 01:21:51 PM
 #154

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I do not think this kind of service is necessary. I do not see a way betting on United States presidential election can lead to manipulations.

What do you mean by "necessary"? There are surveys about any topic imaginable and the people are free to give their opinions about all kinds of problems. Nobody is saying that the United States presidential election is about to be manipulated by the  prediction markets. I find it totally normal that the majority of the people are against gambling in general. We the gamblers represent a small minority within every nation. Grin
If there was a survey asking "Should gambling be banned?" I'm sure that 70% of the people would answer "yes", simply because gambling is portrayed as a toxic activity.

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Today at 05:23:08 PM
 #155

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I do not think this kind of service is necessary. I do not see a way betting on United States presidential election can lead to manipulations.

What do you mean by "necessary"? There are surveys about any topic imaginable and the people are free to give their opinions about all kinds of problems. Nobody is saying that the United States presidential election is about to be manipulated by the  prediction markets. I find it totally normal that the majority of the people are against gambling in general. We the gamblers represent a small minority within every nation. Grin
If there was a survey asking "Should gambling be banned?" I'm sure that 70% of the people would answer "yes", simply because gambling is portrayed as a toxic activity.
I didn't see that as corruption because they are issuing out public information to the people, maybe they could spread false information around then net is that those who are known to be Insiders may likely bet on whatever news they may hear from the president because they are Inside. Of course, for me I will say that they should also make a law that would prohibites people who are Insiders to stop gambling just as they did it with footballers same thing can likely be implemented.

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Today at 05:38:28 PM
 #156

I didn't see that as corruption because they are issuing out public information to the people, maybe they could spread false information around then net is that those who are known to be Insiders may likely bet on whatever news they may hear from the president because they are Inside. Of course, for me I will say that they should also make a law that would prohibites people who are Insiders to stop gambling just as they did it with footballers same thing can likely be implemented.
I agree with you, but I believe that cases involving insider trading are extremely difficult to investigate. Those attempting to pursue such cases may face private threats, or be given to understand that they should drop the matter immediately. After all, on the other side stands a powerful force one that wields significant influence and leverages its position to exert pressure. Now is likely the right time to re-examine and upgrade the way these investigations are conducted, in order to protect those who take them on.

 
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