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Prediction markets promise fair play but addicts say the same trap applies

Economy
Published on 30 April 2026
Prediction markets promise fair play but addicts say the same trap applies

A coach barred from sportsbooks still got caught

Prediction markets market themselves as a smarter alternative to sportsbooks, but reports from people with gambling addiction suggest the experience can feel indistinguishable. One example: a soccer coach had blocked himself from betting platforms before turning to prediction markets, only to find the same pull and risks. The distinction, critics say, may be branding more than substance.

  • Prediction markets are positioned as different from sportsbooks
  • Gambling addicts report similar psychological pull and harm
  • A soccer coach self-blocked from sportsbooks then shifted
  • Critics question whether the formats change addiction risk
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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