Prediction Market Survey: 79% of US Users Lost Money, 51% Used Borrowed Funds

TLDR

• 79% of prediction market users reported losing money in the past year, per a new US survey
• 27% lost more than $500, and 9% lost over $1,000
• 51% used borrowed funds such as credit cards or loans to place bets
• Among borrowers, the loss rate climbed to 88% vs 69% for non-borrowers
• 53% joined platforms to earn extra income, not for entertainment

Nearly four in five prediction market users lost money last year, according to a new survey, as more than half funded their bets with borrowed money.

The findings come from BadCredit.org, which surveyed 1,000 US adults. Of those, 15% said they had used platforms such as Kalshi, Polymarket, or PredictIt.

Among that user group, 79% reported losses during the previous year. More than one quarter lost over $500, and 9% said their losses exceeded $1,000. Only 21% reported no losses at all.

Borrowers Lost at a Higher Rate

The loss rate was worse among users who borrowed money to trade. Of the 51% who used credit cards, personal loans, or other forms of debt, 88% reported losing money.

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