This essay ran in The Public Interest in 1996. It remains one of the most persuasive about the ways in which state-sanctioned gambling severely damages American society and worsens people’s lives.
“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