Young adults under 21 traded $5 billion on Kalshi this year, amid prediction market frenzy

Young adults under 21 traded $5 billion on Kalshi this year, amid prediction market frenzy

Young adults between 18 and 21, who are legally barred from most gambling in the US, have traded an estimated $5.4 billion so far this year on the Kalshi prediction market, according to a new CNN analysis.

Kalshi's Youngest Traders Moved $5.4 Billion. Some Rivals Won't Take Their Money

The age that lets someone bet on football through a prediction market is three years younger than the age that lets them do it at a sportsbook. Users between 18 and 20 years old traded an estimated $5.4 billion on Kalshi so far this year, according to a CNN analysis published 28 August. That’s legal because prediction markets are regulated federally as financial products under the Commodity Futures Trading Commission, which sets no minimum age a…