Gambling Helpline Pushes Prediction Markets to Address Addiction Risks
The National Council on Problem Gambling (NCPG) has called on prediction markets to promote its national helpline for gambling-related harm. These platforms, which often avoid being labelled as gambling companies, have seen massive trading volumes—including $1.2 billion on the Super Bowl alone. The NCPG warns that such markets pose risks similar to traditional sports betting, particularly for young males. Prediction markets have grown in popularity, with users often viewing their spending on sports event contracts as 'investments' rather than gambling. Despite this framing, the NCPG argues that the risks remain the same—people still wager money on chance-based outcomes. The organisation has also noted a rise in gambling addiction, especially among young men engaged in sports betting.
The NCPG recently updated its helpline number to **1-800-MY-RESET** to make it more memorable and accessible. The service connects callers with local treatment resources and support for those struggling with gambling problems. While prediction markets operate under different regulations than traditional sportsbooks, the NCPG insists they should still take responsibility for reducing harm. Given the popularity of these platforms, the NCPG believes they could play a key role in spreading awareness of the helpline. By promoting the service, operators could help reach sports fans who might otherwise overlook available support.
The NCPG's push comes as gambling-related harm continues to rise, particularly among young sports bettors. Prediction markets, despite their regulatory distinctions, now face pressure to adopt safer practices and direct users toward help. The updated helpline number, 1-800-MY-RESET, aims to ensure more people can access support when needed.
