Wealthsimple is launching a CIRO-approved prediction markets app soon. The evidence suggests most traders lose money, and the products look a lot like gambling.
Articles on Betting
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The rapidly growing popularity of prediction markets is sparking worries about the markets’ effects on US politics, where campaign staff has bet on its candidate’s electoral performance.
Betting has turned passion into a transaction, with poor families in Brazil and elsewhere spending money that could have gone to food, transport, diapers, electricity, or rent.
New research shows most gamblers misunderstand “free bet” terms, leaving them exposed to far higher costs than expected.
While media outlets are signing deals with Polymarket and Kalshi for their insights into the wisdom of crowds, gamblers are pouncing on opportunities to wager on geopolitics and celebrity weddings.
Sports betting isn’t going anywhere anytime soon. Understanding how we got here, who the players are and what’s at stake are necessary for the future of sport.
The Cup is still Australia’s biggest one-day race gambling event. But there are signs it’s no longer stopping the nation like it used to.
New research shows Australian gambling harms, including suicide, may have been systematically under reported.
Pokies are responsible for more than half of gambling problems in Australia. So why do politicians resist reform?
Gambling companies are following a well-worn playbook, one mastered by the tobacco industry: trying to influence women.
‘Responsible gambling’ depicts gambling harm as an issue for a small minority of people: so-called problem gamblers.
Fewer Australians are now gambling but those who do gamble more frequently and spend more money.
There are deep historical and immediate political reasons why the online gambling advertising legislation has been bogged down.
What outsiders might view as wasted time (betting on sports) is actually being used productively to prepare for the future.
Is the current debate around gambling ad bans feeling a bit familiar? It’s reminiscent of previous efforts by the masters of spin themselves.
The recent A-League yellow card scandal raises questions about the ever-expanding range of betting options, both in terms of gambling problems and sports integrity.
The rise of sports betting, fuelled by the proliferation of online platforms and the legalization of gambling in many areas, has brought new complexities to the world of sports.
The US has a long history of sports betting scandals.
A 2023 federal government inquiry recommended a ban on gambling advertising. What needs to happen should a ban be implemented?
In the past, typical clients tended to be retirees living on fixed incomes who played slots and card games.
Top contributors
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Professor of Economics and Finance. Director of the Betting Research Unit and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University
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Associate Professor, School of Public Health and Preventive Medicine, Monash University
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Emeritus Professor, University of Nottingham, (currently Vice-Chancellor at MILA University, Malaysia), University of Nottingham
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Lecturer in the School of Psychological Science, University of Bristol
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Lord Kelvin Adam Smith research fellow at the University of Glasgow, University of Glasgow
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Head, The Cyber Academy, Edinburgh Napier University
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Professor of Behaviour & Social Change, University of Technology Sydney
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Principal Research Fellow, CQUniversity Australia
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Professor of Sociology, University of York
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Associate Professor of Mathematical Sciences, University of Technology Sydney
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Laureate Professor of Mathematics, University of Newcastle
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Associate Professor (Senior Lecturer) in Economics, University of Essex
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Associate Professor of Business, Boston University
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PhD Candidate, School of Mathematical and Physical Sciences, University of Newcastle
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Research Fellow in Economics, University of Nottingham