'Monitoring the situation': why young men are drawn to prediction markets
Prediction markets are gaining popularity among young men, particularly in the U.S., as they offer a platform for betting on various events. These markets, which are not classified as gambling, have seen significant growth, with platforms like Kalshi and Polymarket achieving high valuations. While supporters argue they provide better insights into public opinion, critics warn about the risks and potential for financial loss, especially among young male users.
- ▪Prediction markets are a fast-growing industry, with Kalshi valued at $22bn and Polymarket at $9bn.
- ▪71% of prediction market users are men, with a significant portion being young adults.
- ▪These markets are classified as commodity futures trading, allowing betting across all 50 states in the U.S.
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| Original publisher | BBC News — Business |
| Canonical URL | https://www.bbc.com/news/articles/c93xv27kpwxo?at_medium=RSS&at_campaign=rss |
| Publication time | Thu, 21 May 2026 23:09:43 GMT |
| Retrieval time | 2026-05-21T23:21:36.493Z |
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Opening excerpt (first ~120 words) tap to expand
'Monitoring the situation': why young men are drawn to prediction markets11 minutes agoShareSaveAdd as preferred on GoogleMitchell LabiakBusiness reporterBBCCameron George is living the dream. Back in 2019, he was stacking shelves in Walmart, but the 26-year-old has since become a full-time crypto trader and content creator.His social media presence is filled with pictures of him standing next to his lime green McLaren 600 LT and smiling with his wife and five children. He wants between 10 and 20.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.
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