Your child could be gambling on their phone, and you may not know it.
Prediction-market apps are bringing gambling-like activities into the phones of children, teenagers, and young adults.
Prediction-market apps are bringing gambling-like activities into the phones of children, teenagers, and young adults.
Polymarket, Kalshi, OG, Novig, Robinhood, and other prediction-market platforms allow users to put money behind predictions. Sports, elections, financial markets, current events, and even the weather: users can put money at risk based on whether they think an event will happen.
They may call it “trading,” but if your child is putting money at risk based on whether an event happens, isn't it fair to ask whether this is really gambling by another name?
Young people are particularly vulnerable to the risks associated with gambling. Their brains are still developing, and early exposure to gambling can contribute to compulsive behavior, financial harm, and other serious consequences.
Parents shouldn't have to wonder whether an app on their child's phone is exposing them to gambling.
Keller Rohrback L.L.P. is investigating whether prediction-market applications are unlawfully allowing minors to participate in gambling and whether other laws designed to protect young people are being violated.
If you or your child used a prediction-market app before turning 21, we want to hear your story. You may have legal rights.
Contact us today for a free, confidential case evaluation. Call us at (800) 776-6044, email us at [email protected], or complete the form on this page.
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