Not All of Kalshi’s Biggest Users Can Legally Gamble. They Traded $5 Billion This Year

Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21

Critics warn prediction markets let 18-year-olds make sports wagers while bypassing state betting age limits.

Young adults under 21 – banned from sports betting – traded $5.4B on Kalshi this year

Young adults between 18 and 21, too young to legally gamble on sportsbooks, have traded $5.4 billion on prediction market Kalshi so far this year, according to a CNN analysis.

Not All of Kalshi’s Biggest Users Can Legally Gamble. They Traded $5 Billion This Year

As the prediction market faces lawsuits and regulatory scrutiny nationwide, a new report from CNN finds that an age group mostly barred from gambling in the U.S. has been using Kalshi this year.

Kalshi’s Young Traders Fuel Fresh Fight Over Sports Contracts

Kalshi users aged 18 to 21 traded $5.4bn this year, intensifying debate over whether sports contracts are derivatives or gambling. The post Kalshi’s Young Traders Fuel Fresh Fight Over Sports Contracts appeared first on Gambling Industry News.