Most Americans polled oppose betting on elections: Reuters

The prediction market industry, led by Polymarket and Kalshi, enables people to bet on US ‌elections, government policy moves and sporting events, which has resulted in a series of lawsuits involving state and federal agencies over who has the authority to regulate these markets.

Some 69% of Democrats ​and 61% of Republicans polled said they opposed using prediction markets to bet on election results. The Reuters/Ipsos survey of 4,506 adults nationwide was taken on Sept. 30-Oct. 5.

Related: Blockchain.com pursues CFTC approval for prediction markets: CNBC

Even betting ⁠on professional sports was opposed by 43% of respondents, while 29% supported it, the poll said.

President ​Donald Trump’s administration is pursuing federal regulations for the industry through the CFTC, which states are fighting. Many expect ​the dispute to reach the Supreme ⁠Court.

Cointelegraph reported on Oct. 8 that 39 US states and the District of Columbia filed an amicus brief saying the conflict between the CFTC and state authorities over prediction markets had resulted in a “national turf war” that could not be resolved without an answer from the Supreme Court.