Story perspectives

Regulators Target Polymarket, Kalshi Amid Gambling Addiction Concerns

2/20/2026

Summary

Story summary

The Commodity Futures Trading Commission plans to draft regulations for Polymarket and Kalshi amid addiction concerns.
Daniel Umfleet, CEO of Kindbridge Behavioral Health, says many young men struggle with problem gambling linked to mental health.
Users such as Lorenzo Miro San Diego and K.A. report significant losses and face lawsuits alleging unlawful operation and lack of safeguards.
Critics say these markets blur gambling and investing, especially among young adults.

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Story summary

The Commodity Futures Trading Commission plans to draft regulations for Polymarket and Kalshi amid addiction concerns.
Daniel Umfleet, CEO of Kindbridge Behavioral Health, says many young men struggle with problem gambling linked to mental health.
Users such as Lorenzo Miro San Diego and K.A. report significant losses and face lawsuits alleging unlawful operation and lack of safeguards.
Critics say these markets blur gambling and investing, especially among young adults.