New Study Finds Gamblers Display Higher Rates of Financial Literacy Than Non-Gamblers; Prediction Market Users Overestimate Their Mathematical Ability

New research commissioned by the American Gaming Association (AGA) finds that gamblers display a higher rate of financial literacy compared to non-gamblers, and that “prediction market” users tend to misjudge their mathematical skillset. The findings challenge conventional wisdom about gamblers and highlight the dangers of “prediction markets” misrepresenting gambling as a financial investment.