As prediction markets capture the time and money of millions of people in the name of empowerment and democratization, a disturbing yet familiar pattern is emerging.

Prediction markets have become a draw for young men in search of quick cash and thrills, experts say. "I had almost $4,600 at one point but squandered that," one man said.

As prediction markets capture the time and money of millions of people in the name of empowerment and democratization, a disturbing yet familiar pattern is emerging.