People under 21 can’t use most sportsbooks — so they’ve wagered over $5 billion on Kalshi instead
THE SO WHAT
Over $5B in under-21 betting flowing into prediction markets highlights how regulation pushes demand into adjacent, less-policed products rather than killing it. If you operate in any regulated category, expect users to route around age and KYC constraints—and design your risk, compliance, and comms assuming that behavior.
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