TLDR Massachusetts Gaming Commission Chair Jordan Maynard warned that prediction markets and illegal platforms are targeting users under 21 The MGC is partnering with BetBlocker software to help parents block gambling sites, including prediction markets, on children’s phones Massachusetts became the first state to secure a court ruling blocking Kalshi from offering sports-related prediction market contracts Maynard called for federal advertising guidelines for gambling, saying current ad volume is excessive but protected by the First Amendment The state introduced new rules requiring operators to notify bettors of any betting limits within 48 hours and explain the reasoning
Massachusetts Gaming Commission Chair Jordan Maynard is raising alarms about the growing risks posed by prediction markets and unregulated gambling platforms. Speaking on WCVB’s “On the Record,” Maynard said the expanding U.S. gambling sector is increasing the potential for harm, especially among younger users.
Maynard pointed to prediction markets as a particular concern. Unlike regulated sportsbooks and casinos, which require users to be 21 or older, prediction markets operate under federal derivatives laws and allow users as young as 18.
“The legal market has robust technologies in place,” Maynard said. “But the illegal market and these prediction markets, they openly target people who are under 21.”
Multiple reports have backed up those claims. A Wall Street Journal report found that platforms such as Kalshi and Polymarket have promoted themselves on TikTok and Instagram. That promotion included paid creator content that was not always disclosed as advertising.
Campus-level engagement has also been a factor. Earlier this year, questions came up about potential insider trading on prediction markets tied to Super Bowl halftime celebrity appearances on college campuses.
Massachusetts Takes Legal Action Against Prediction Markets
Massachusetts has already moved to limit prediction market activity within its borders. The state was the first