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Posted on 08/28/2026 7:01:23 AM PDT by Diana in Wisconsin
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.
On prediction sites, which have exploded in popularity this year, users can wager on everything from sports to elections, culture and the weather. Because prediction sites are federally regulated as financial markets, they’re available to anyone 18 and over, unlike most state-regulated casinos and sportsbooks, which are 21+.
But lawmakers, consumer advocates and addiction experts increasingly see this as a loophole that could endanger younger adults’ personal finances and mental health, CNN previously reported.
Sports and parlays (an all-or nothing bundle of bets, which are popular with sports) make up about 80% of Kalshi’s overall volume. The CNN analysis found that Kalshi users between 18 and 21 have traded an estimated $3.9 billion in those categories this year – and that’s expected to rise.
“Normally you’d have a big summer lull, but the World Cup changed that completely,” said Jonathan Michaels, who runs a gaming industry consulting firm. “Prediction markets will also see record numbers this fall with the football season, and that’ll certainly trickle down into college-age students.”
CNN has a partnership with Kalshi and uses its data to cover major events. CNN editorial employees aren’t allowed to trade on prediction markets.
Kalshi has seen more than $173 billion in overall trading volume so far this year, as of Friday, according to publicly available data from Paradigm, a major investor in the prediction company. A Kalshi spokesperson told CNN this week that users between 18 and 21 currently comprise 3.14% of overall trading volume.
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Who has $173 BILLION to gamble away?
And FWIW, Americans spent $158 billion on their pets in 2025.
https://capitaloneshopping.com/research/pet-spending-statistics/
With that kind of money at stake, I can guarantee you that most major sports events are rigged
I've been saying that for years. Courts have said that College players can gamble on their own teams.
By the way - the stock market is manipulated as well.
Degenerates are degenerates.
I remember when I was a boy a boy, some older teens used to make fun of me for enjoying professional wrestling. They would always say don’t you know it’s staged? Like they were revealing some shocking fact. Man if it was ever revealed about all the staging, I would love to find these guys that’s spent thousands of dollars on there season tickets to NFL games, and I will say “don’t you know what staged?”
And unmotivated losers are unmotivated losers. Unfortunately with the legalization of marijuana and of gambling, we’ve created more of both.
And kalshi obviously
Knows how to throw its money around to increase its exposure and influence. And we’re meant to believe that the views of rando bettors on electoral races has significance in predicting the results because they have “skin in the game.”
Online gambling is one of the greatest evils in this country. Worse than drugs. You can’t get drugs by just turning on your phone. But you can blow your rent and food money by turning on your phone. And services like Kalshi hook kids on gambling and make it a normal part of their lives. Everyone is outraged about the drug dealer who targets children. But the gambling industry does the same thing. They want the entire country betting on every single thing that can be bet on. Not just games but every single pitch or free throw or tackle. Minute by minute to drain every dollar that you have.
They bet on the weather? Jim Smiley in “The Celebrated Jumping Frog of Calaveras County” would have loved this.
Kalshi has seen more than $173 billion in overall trading volume
The stock market is mostly gambling today also.
No wonder they can’t afford a house. 😉
When did gambling become known as trading?
I saw what I thought were 2 unnecessary rundowns at
Comerica Park recently. The Tigers were losing at home
and both runners for the Tigers were called out.
I swear, both rundowns were staged and they looked
like easy ones to pull off. One was between 3rd base
and Home (YAY!)...
All the runners had to do was to make what looked like
fundamental baserunning errors to set up the rundowns
they couldn’t get out of.
It was like the winning team went along with it just
to help the Tigers make the crowd feel better about
root-root-rooting for their home team losers.
I don’t want to believe it could be true but I wouldn’t
put it past them.
AI disagrees with you, ask it if you don't believe me.
In college, we called professional wrestling “a soap for men”. It’s no different than Y&R, B&B, GH, or now, BtG (the NAACP/P&G soap filmed where two of my cars I’ve driven were produced).
And college football will now be fixed for the large-market teams. Vanderbilt is Exhibit A about “large market teams”.
Youth getting involved in gambling and prediction markets (a coverup for gambling on news). I’d rather buy some Lowe’s, Snap-On, Timothy Plan, or Exxon Mobil than to spend bravo sierra on these gambling schemes.
Just look what’s happened to Britain, which has had unfettered gambling for decades.
Online betting disguised as “trading.”
Add go fund me, people paying YouTubers, ordering door dash for a small hamburger. Paying thousands for a concert ticket. And piss and moan because they have no down payment for a house.
Stay home. Use the crockpot. Eat leftovers. Stop spending money is not for them.
Why not? Farmers do, every year.
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