A report by Dr. John Kindt, a University of Illinois Professor of Business and Legal Policy, shows government-sanctioned gambling to be economically and politically destabilizing. As exemplified by casinos, gambling provides quick and substantial quantities of stable cash flow to predatory gambling operators, and particularly in less-secure governmental systems, these operators are often associated with groups dedicated to destabilizing the government, such as organized crime, terrorist, and rebel groups.
“New York City Launches Sweeping Investigation Into Polymarket and Kalshi” | The Wall Street Journal
August 12, 2026
By Kevin T. Dugan, Katherine Long “The New York City Council is investigating four prediction markets for alleged deceptive marketing