H . W .  W i l s o n
8 4 4 . 6 3 0 . 6 3 6 9
w w w . h w w i l s o n i n p r i n t . c o m
12
Gambling and Prediction Markets
The debate over the legality of gambling goes back to the founding of America. But in the 
modern digital world, digital currency and a proliferation of gambling websites offer both 
traditional gambling opportunities and newer twists on the same premise. Prediction 
markets, platforms in which persons can wager on unknown future events—such as 
the presumptive nominees of various political parties, box office performance, or even 
American military activities—have been controversial in the Trump era. Trump has been 
accused of garnering support by providing insider information that improves the odds for 
his supporters in these kinds of wagers. This frontier of the gambling debate is taking its 
place among a number of other modern issues and concerns, including the algorithmic 
design of modern betting platforms and the increasing potential for gambling addiction. 
These developments raise questions about sports integrity in a world increasingly 
shaped by modern gambling, and about the ethics and future of cryptocurrency as a tool 
for gambling and commerce.
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