Teens Are Betting Billions on Sports Through This Legal Loophole — NFL Season in 9 Days | Krysta
Krysta Lynn| This one is going to surprise a lot of parents. Young adults between the ages of 18 and 21, who are legally prohibited from sports betting in most US states, have bet an estimated $5.4 billion on the Kalshi prediction market so far in 2026. Five point four billion dollars. The vast majority of it, $3.9 billion, went directly on sports bets and parlays. So how is this legally possible when most states set the minimum gambling age at 21? The answer is a loophole that the gambling industry is furious about. Kalshi operates not as a state-regulated [See More…]
















































