Photo: Massachusetts Gaming Commission
EVERETT, Mass. (WBZ NewsRadio) — Who will be the top Spotify artist this year?
Will the Supreme Court rule in favor of the president's tariffs?
How many tweets will Elon Musk post this week?
Those are just some of the things people can wager on using prediction markets. These sites allow users to trade on outcomes of anything, like its the stock market. Sportsbooks like DraftKings and FanDuel are getting in on the action by launching their own prediction markets.
But the Mass Gaming Commission says sportsbooks are not allowed to operate prediction markets in Massachusetts, and they could face fines or lose their license if they do so. The state says that's because it can't regulate the market the same way it does sportsbooks. Many Bay Staters are on the state's side.
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"I think that would be a bad idea, to be honest with you. Just because the way people get hooked on sports betting, the same way they could get hooked on this," one Massachusetts resident said.
Prediction markets like Polymarket and Kalshi have been surging in popularity in recent years, but locals think that opening the door for gambling on things like elections could be detrimental.
"When it comes to sports, it's one thing, okay? But betting on whether or not you're going to wear white socks or black socks today is irrelevant. Like, why do you need to do this?" another resident said.
WBZ NewsRadio's Kyle Bray (@KyleBrayWBZ) reports.