College students and teens could be fueling the prediction markets boom [CNBC]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: CNBC
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. Kalshi and Polymarket are open to anyone 18 or older, with some state-by-state exceptions. Fans watch game six of the NBA playoffs during a watch party at a bar on May 31, 2025 in New York City. David Dee Delgado | Getty Images A 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. 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
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