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Prediction markets and sports betting apps are luring in teens. Here’s why experts are concerned

Fast Company Tech Associated Press May 28, 2026
Prediction markets and sports betting apps are luring in teens. Here’s why experts are concerned
AI Summary— plain English for professionals

# Prediction Markets Are Using Social Media to Attract Teenagers to Betting Apps Prediction market platforms like Kalshi and Polymarket are marketing themselves to young people on Instagram and other social media by using trendy language and making betting on real-world events look like a fun, casual game rather than serious gambling. The problem: research shows that the vast majority of users (69%) actually lose money on these platforms, yet companies can legally accept customers as young as 18—three years younger than the legal gambling age in most states. Experts worry this creates a dangerous window where teenagers can get hooked on what feels like easy money before their brains are fully developed.

When Rory McIlroy won the Masters for the second year in a row, Kalshi shared a photo of him on Instagram with the words, “Wait he’s goated.” When a video of NBA player Damian Lillard recovering from an injury circulated online, Kalshi’s main competitor Polymarket posted, “The league is cooked.”If y

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