Predictions, finance and a brewing storm of problem gambling

The global rise of prediction markets globally could throw a spanner in the works of gambling harm prevention and treatment programmes in countries like the UK, writes SBC News’ Editor, Ted Orme-Claye.

Driven by a combination of industry responsibility, regulatory pressure and public demand, betting companies in the UK have placed a much heavier onus on player protection, education and responsibility in recent years.

Prediction markets, however, are a relatively new phenomenon which bridge the gap between betting and financial trading – though some would argue that they are betting exchanges with a different skin.

It has also been documented that people working in financial services, particularly trading environments, may be more at risk of suffering from problem gambling and gambling-related harm than those working in other industries.

Yesterday, FT Adviser revealed that financial services and investment company Hargreaves Lansdown is asking potential investors about whether or no..