In a study published in Journal of Gambling Studies, gambling problems were discovered to be more common than alcohol problems among adults in the U.S. Dr. John Welte, a national expert on alcohol and gambling pathology at the University of Buffalo, also concluded that problem gambling increases in frequency during adolescence and reaches its highest levels during the 20s and 30s.
“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