College students and teens could be fueling the prediction markets boom

In this article, we provide a curated overview of College students and teens could be fueling the prediction markets boom based on the latest available reports and research findings. College students and teens could be fueling the prediction markets boom is a subject of significant interest, and our goal is to present the most relevant information concisely.

Analyst Barry Jonas wrote this week that 18- to 20-year-olds, who are too young to gamble legally in most states, could be contributing ...

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Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsAnalyst Barry Jonas wrote this week that 18- to 20-year-olds, who are too young to gamble legally in most states, could be contributing significantly to the growth of prediction markets.Data from HoldCrunch shows prediction platform Kalshi is taking more trades on college football than on NFL and NBA.In states where online sports betting is legal, it's often limited to those 21 years or older.

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Kalshi and Polymarket are open to anyone 18 or older, with some state-by-state exceptions.Fans watch Game 6 of the Eastern Conference Finals during an NBA playoffs watch party at a New York bar on May 31, 2025.David Dee Delgado | Getty ImagesA version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media.

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Sign up to receive future editions, straight to your inbox.As prediction market trading volume booms, Truist analysts say there could be an unlikely source behind the surge. Analyst Barry Jonas wrote this week that 18- to 20-year-olds, who are too young to gamble legally in most states, could be contributing significantly to the growth of prediction markets.Specifically, data from HoldCrunch, founded by a former FanDuel executive, shows prediction platform Kalshi is taking more trades on college football than on NFL and NBA.

While non-college students could still wager on college results, of course, the trend could offer a clue into the demographics of prediction platform users. HoldCrunch analyzes the data on an "OSB-equivalent handle" rather than on volumes alone. During the week ended Jan.

4, Kalshi's college football handle hit its highest percentage of total at 32%, the prediction platform said. The NFL accounted for 24% of total wagers, and the NBA represented 22%. The tide has been shifting in that direction since October, according to Ka