Story perspectives

Study: Sports Betting Harms Vulnerable Families, Raises Delinquencies

7/24/2026

Summary

Story summary

A new study of over 180,000 U.S. households finds sports betting harms the financial health of vulnerable families.
The study showed each dollar wagered cut stock investment by just over $2.
Monthly trading volume on Kalshi and Polymarket rose from $2 billion in early 2025 to nearly $50 billion by June 2026.
New York Federal Reserve (Fed) researchers linked sports betting to rising consumer-loan delinquencies, and billionaire John Arnold said he will pressure politicians.

1 of 1

Story summary

A new study of over 180,000 U.S. households finds sports betting harms the financial health of vulnerable families.
The study showed each dollar wagered cut stock investment by just over $2.
Monthly trading volume on Kalshi and Polymarket rose from $2 billion in early 2025 to nearly $50 billion by June 2026.
New York Federal Reserve (Fed) researchers linked sports betting to rising consumer-loan delinquencies, and billionaire John Arnold said he will pressure politicians.