From Futurism · Victor Tangermann · · 1m
Gambling Group Funded by Prediction Market
National Council on Problem Gambling accepts $2m from Kalshi, sparking backlash.
In brief
National Council on Problem Gambling accepts $2m from Kalshi, sparking backlash. The National Council on Problem Gambling received a $2 million donation from Kalshi, a prediction market platform, causing internal chaos and credibility concerns among members. Originally reported by Futurism.
Gambling addiction group in crisis
The National Council on Problem Gambling, the largest US nonprofit addressing gambling addiction, faces chaos after accepting a $2 million donation from Kalshi.
Kalshi donation deal
NCPG executive director Heather Maurer announced Kalshi would donate $2 million, the second largest donation in the nonprofit’s history.
Skepticism over funding
The deal sparked skepticism as Kalshi is a prediction market platform, not a traditional gambling company, despite state-level disputes.
Maurer's resignation
NCPG executive director Heather Maurer resigned after members and donors fled the organization.
Kalshi's defense
Kalshi claims its donation aims to protect traders, stating financial markets carry risk, not gambling.
“Kalshi told Barron’s that its donation to the NCPG was meant to 'protect traders, since all financial markets carry risk.'”
Gambling addiction crisis
A man with $75,000 debt from sports betting switched to Kalshi after being banned from DraftKings and FanDuel.
“A man who ended up with around $75,000 in debt thanks to his online sportsbook obsession simply transitioned to using Kalshi after being banned from DraftKings and FanDuel.”
The headline
The National Council on Problem Gambling received a $2 million donation from Kalshi, a prediction market platform, causing internal chaos and credibility concerns among members.
