This New York Times column spotlights how casinos contribute to the lack of mobility out of poverty facing millions of Americans. As casinos have spread into de-industrialized cities, dying resorts and gritty urban areas, the rate of gambling participation has grown among lower-income groups. A research team from the University at Buffalo and SUNY Buffalo State has conducted studies that offer new evidence of the exploitative effects of casino gambling on lower-income Americans. Examining 15 types of legal gambling, the researchers came to a striking conclusion: Casino gambling had by far the most harmful effects on people at the lower end of the income ladder.
“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