Young Bettors Drive a Boom in Prediction Markets
Analysts say 18- to 20-year-olds may be fueling a surge in prediction-market trading, with HoldCrunch data showing Kalshi taking more college football trades than NFL or NBA; Kalshi and Polymarket trade 18+ in many cases, filling gaps where online sports betting is restricted and drawing regulatory scrutiny after NCAA President Charlie Baker asked the CFTC to curb college-game options. California and New York show notable non-traditional betting activity, suggesting these platforms attract skilled bettors and broaden wagering beyond regulated sportsbooks.