Mormon leader decries explosion of gambling and blasts prediction market wagers — ‘Or even, if you can imagine, the timing of the Second Coming’
“For us as Latter-day Saints, overarching all other concerns is the fact that gambling is morally wrong. Gambling is built on the desire to obtain something for nothing.”
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# Summary Mormon Church president Russell M. Nelson criticized gambling expansion, including prediction market betting on events like the Second Coming, calling it morally wrong and driven by desire for unearned gain. The statement reflects religious opposition to betting markets but does not directly impact specific publicly traded gambling or prediction market companies' valuations.
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