From Quartz.
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Prediction markets are booming in early 2026, raising concerns about teen gambling. Truist’s Barry Jonas says many 18–20-year-olds use platforms like Kalshi, and HoldCrunch data shows more college sports bets.
Shuart explains that traditional sports gambling aims to beat bookmaker odds, while prediction markets pit users against market belief. O’Boyle notes ads rarely emphasize limits for 18–20-year-olds. Some firms, including Fanatics, require age 21, and Massachusetts sued Kalshi as courts weigh federal–state authority. Experts warn of addiction risks and flag mood swings, urgent cash requests, or selling belongings as signs. Nathan Carroll advises blocking apps, discussing risks, and encouraging acceptance of being wrong. #teengambling #predictionmarkets #youthaddiction #gamblingawareness #regulationneeded
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