Prediction market users report 79% loss rate in US survey

A new U.S. survey has found that 79% of prediction-market users lost money during the past year, while 51% used borrowed funds to place bets. Summary 79% of users reported losses, including 27% who lost more than $500. Among users who borrowed money, 88% reported losses, compared with 69% of non-borrowers. 53% joined for income-related reasons, nearly twice the share motivated by entertainment or curiosity. The online survey covered 1,000 U.S. adults, with results based on raw, unweighted responses. Prediction market losses rise among borrowers BadCredit.org surveyed 1,000 U.S. adults and found that 15% had used a platform such as Kalshi, Polymarket, or PredictIt, placing the consumer findings against a period of rapid trading growth and continued regulatory debate. Among self-reported users, 79% said they had lost money on prediction markets in the past year. More than one-quarter, or 27%, reported losses above $500, including 9% who lost over $1,000. Only 21% said they had not lost money during the period. Losses were more common among people who financed their positions with debt. According to the study, 51% of users had funded bets through a credit card, personal loan, or anoth...