when you are too young for sportsbook but old enough for prediction market.

[Agbamoni]

The problem is that there is no clear regulations and there are loopholes sometimes. If a countries do not allow people to gamble until the age of 21 years, the regulators in the country should also make sure that prediction markets that are legal in the country should let people that can make predictions on their site to be at least 21 years old. But sometimes there could be loopholes or the regulators may not know fast. And if they know sometimes, nobody know the politics that is going on underneath.

Regulation is similar to laws made in a country, where only the wealthy are immune to the consequences if they break the laws. Most prediction markets do not follow the regulations placed on sportsbooks in a certain country. This proves the regulations are not strict in these countries. In a country with strict regulations, actions will be taken against prediction markets. Maybe the government is benefiting a lot from the prediction market, and the regulations that bring them money are nothing more than their concern once they have received the revenue in their account.

[Coyster]

In my country, Nigeria, the minimum legal gambling age is 18 years. In the U.S. it ranges from 18-21 depending on a few factors, such as specific state laws or the type of gambling in question. I have also checked and the legal minimum age for prediction markets in the United States is 18, so until a new law is formed to increase the limit to 21, then it is all within what the law provides and i don't think there is a problem with that. In my opinion, an 18 year old is old enough to gamble.

[Antotena]

I read a report saying that around $5 billion in Kalshi sports trading volume came from users aged 18 to 20. We all know that many sportsbooks only allow gamblers who are 21 years old and above. This makes me question the regulation. An 18-year-old may not be allowed to place a sports bet on a sportsbook, but can still put money on a sports prediction market.

If both involve risking money on the outcome of a sports event, why do they have different age requirements? Is there really enough difference between the two to justify that?

Lmao, what's is this? A law is a law regardless of who broke the law. If the laws says a girl has to be 18 years old before you should have a consensual with her and you do it, just know that you are going to spend roughly 16 years in jail. If this law can protect a girl child, the same law is what protect every child that is below 18 years old or below the regulated age, the fact they are not law abiding and breaking it does not make it a proper, they are just taking advantage of the system.

Another thing you need to know about gambling or prediction market is that each platform have their regulations, some allow as low as 16 and some allow as low as 18 and some 20. If sport book says 20 age group or more is what they want, there should be nothing to justify if another platform allow less, each has their rules and regulations that gamblers need to follow accordingly.

[Supreme Donvic]

I really don't see any restriction when it comes to age in gambling, haven't you seen that almost all the gambling or casino site don't ask for kyc and when they don't ask for kyc how would they know if someone is lying about his or her age, this is the reason why I said when it comes to gambling there's no restriction in age.
The restriction that was put in casino or in gambling site is just for formality because I see and know a lot of underage people that are using casinos without any issue.

[HelliumZ]

There is a big difference between sportsbooks and prediction markets, one is gambling and the other is full-fledged trading. In the case of sportsbooks, the minimum age limit is 18+ years but there is no age limit for prediction markets and this is where the main difference between the two is observed.
One is that which is legally prohibited which is sportsbooks but the other is that which is legally permitted in the country which is prediction markets. In the case of legally permitted the minimum age limit can be below 18 but in the case of prohibited the age limit is 21.

[sompitonov]

There is a big difference between sportsbooks and prediction markets, one is gambling and the other is full-fledged trading. In the case of sportsbooks, the minimum age limit is 18+ years but there is no age limit for prediction markets and this is where the main difference between the two is observed.
One is that which is legally prohibited which is sportsbooks but the other is that which is legally permitted in the country which is prediction markets. In the case of legally permitted the minimum age limit can be below 18 but in the case of prohibited the age limit is 21.

I believe that if there are no clear restrictions on prediction markets, then those under 18 will certainly take advantage of them, and the youth-focused bookmaking industry will shift to that direction. Regulators in all countries need to quickly address this issue and impose restrictions on young people, otherwise they will collectively lose a lot of money, and the prediction market owner will make a huge profit. They will, of course, deny that they brought them to bet, and that they have nothing to do with it because they only provide such services. In reality, this won't be the case.

[Die_empty]

I read a report saying that around $5 billion in Kalshi sports trading volume came from users aged 18 to 20. We all know that many sportsbooks only allow gamblers who are 21 years old and above. This makes me question the regulation. An 18-year-old may not be allowed to place a sports bet on a sportsbook, but can still put money on a sports prediction market.

If both involve risking money on the outcome of a sports event, why do they have different age requirements? Is there really enough difference between the two to justify that?

Prediction markets operators are claiming that they don't offer gambling services. They hide behind trading yet offer gambling services. This is why they can bypass several gambling rules in some countries. However, recent developments have shown that some countries are beginning to amend laws to ensure that prediction markets are regulated.

In my country 18year are adults under the law. Those who are 18 years and above can gamble on all platforms. I also propose that prediction markets should be under thesame law as other gambling services.

[bangjoe]

The problem is that there is no clear regulations and there are loopholes sometimes. If a countries do not allow people to gamble until the age of 21 years, the regulators in the country should also make sure that prediction markets that are legal in the country should let people that can make predictions on their site to be at least 21 years old. But sometimes there could be loopholes or the regulators may not know fast. And if they know sometimes, nobody know the politics that is going on underneath.

The regulation is already clear, but since prediction markets and sportsbooks are not regulated the same way, they also don't have the same age requirements.

But seeing billions of dollars coming into Kalshi, especially from younger users, it's obvious that many of them probably see what they're doing as gambling anyway.

So for me, the issue is not that the regulation is unclear. It just needs to be reviewed. If sports prediction markets are already becoming this similar to sportsbooks, then maybe the minimum age should also be adjusted to 21.

It should be like that, there is no inequality in the application of the law, because the prediction market is one of the form of gambling, it does need to be adjusted money, otherwise this will trigger problems and the government will be questioned for their alignment with the gambling industry in its segment in your country, other providers of service in the world of gambling will certainly object if the rules are not the same, or we have to go together to his department. 
There needs to be a revision in this section, and i think you need to hold an audience with the relevant institutions, or at least there is a representative of the group who submitted this input, it is not good if it is left too long.

[Botnake]

Prediction markets operators are claiming that they don't offer gambling services. They hide behind trading yet offer gambling services. This is why they can bypass several gambling rules in some countries. However, recent developments have shown that some countries are beginning to amend laws to ensure that prediction markets are regulated.

In my country 18year are adults under the law. Those who are 18 years and above can gamble on all platforms. I also propose that prediction markets should be under thesame law as other gambling services.

Of course they will protect their business because with billions of dollars being bet, the revenue involved is huge. But what the industry wants should not be the basis of regulation. It should still depend on what regulators believe is fair and safe for the public.

The real concern is whether regulators can remain independent from political or business influence. If that independence is compromised, then regulation may no longer serve the public interest.

And with recent news about Trump Jr.’s investment in Polymarket, I can understand why some people are starting to question whether political connections could influence how prediction markets are regulated. But for now, that is still a concern or perception, not proof of favoritism.

[TastyChillySauce00]

It's horrifying by seeing this report, but that's what's going to happen when you normalized gambling as trading. So less restriction to join it and minors can enter it. People have to stop to call it as a prediction market because a chronic gambling feels more suitable to it.
The prediction market is pushing people under 21 to be degenerate frenzy. GenZ will be full of generational debt.

[TheUltraElite]

The prediction market is pushing people under 21 to be degenerate frenzy. GenZ will be full of generational debt.

Parents have to be more neutral about gambling when approaching their kids about teaching its good and bad. I think that helps foster their own opinion about the gambling scene and make a healthy opinion about whether they should gamble or not. However if the kids are becoming addicted, then they have to become strict about it.

Eventually the people who are creating such prediction sites will continue to make them look tempting to every newbie there, putting up ads on adult sites, advertising through social media and sports events. As parents we have a much bigger and important role to protect I feel.

[Mr_Brilliant$]

I think one actually deals with school knowledge. That's prediction market. It's a form of gambling. But it political based. If you're not predicting Market, you can use that knowledge somewhere else. Maybe that is why both are not really classified as gambling. It could also be the behaviour of the users that create this distant bond between this two.

[Kelward]

This is why concerned people and governments are calling on prediction sites to come out clear as gambling sites because their services are no different from what sportsbooks offer, whether it's called trading or not we all know that it is bets that people are placing on their sites, I believe that they will continue to receive more bans from governments if they continue to be in denial of what they truly are. As for the young adults that are not eligible to gamble in some countries that are allowed to trade or bet on kalshi I think that the governments of such countries should take it up with them provided that there is proof of this violation. I wonder what it would take these prediction sites to agree that they are offering gambling services? I guess they don't want to abide by gambling regulations otherwise I don't see any other reasonable arguments that warrants them not to be called gambling sites.

[noorman0]

Contract trading and betting are fundamentally different; this is a key reason why regulations cannot apply a generalized age policy. Furthermore, policymaking for the betting market must be comprehensive, covering more than just sports. Similarly, in the realm of conventional trading platforms, regulators rarely issue specific policies based on asset classifications.

[bitLeap]

Today's children can very quickly access bets without having to enter complete personal data and even age. This is sad but when the betting system is not strict then it is no wonder why reports of this kind of thing deserve the attention of regulators to supervise the platform properly. Either loopholes like this are left to attract young people or indeed they are unaware of it.

But I found this on the part https://kalshi.com/policy-center/families where facial verification should already be able to detect that the user is young, age etc.

[xenomorfo]

Prediction markets operators are claiming that they don't offer gambling services. They hide behind trading yet offer gambling services. This is why they can bypass several gambling rules in some countries. However, recent developments have shown that some countries are beginning to amend laws to ensure that prediction markets are regulated.

In my country 18year are adults under the law. Those who are 18 years and above can gamble on all platforms. I also propose that prediction markets should be under thesame law as other gambling services.

I don't know, for me when someone like Donald Trump invests in the sector, him or his son or his family, it means that there is something rotten underneath.
This guy doesn't know how to play by the rules, do you think he comes and enters a sector where he can't cheat? i don't think so.

[YOSHIE]

If both involve risking money on the outcome of a sports event, why do they have different age requirements? Is there really enough difference between the two to justify that?

If the current regulations do not apply to prediction markets as a basis for financial instruments or commodity trading, of course the age limit of 18-21 years is not being seriously debated, because it is based on financial instruments and commodity trading, that is what differentiates why it is not allowed in gambling and why it is allowed in prediction markets, such as Kalshi, Polymarket.

Basically, each jurisdiction has different regulations, especially in relation to prediction markets and gambling, the fact that we see in certain areas is that 18 years old is considered an adult, when they open an account to carry out investment activities or trade commodities it is allowed, but online casino regulations are different again, they put the law for those who want to bet on sports betting to remain 21 years old.
That is in my opinion why 18 year olds can use prediction markets and 18 year olds cannot gamble in online casinos, the legal limit is 21 years old.

[Anayochukwu]

I guess they know exactly what they are doing and they think they are smart because obviously no one is asking these serious questions because honestly it doesn't make sense that the prediction market system is indirectly approving gambling to underage people and hiding behind the curtain of trading and everyone feels like the are not doing anything wrong. I don't see any difference between the two because money and prediction are involved. Prediction market is allowed to any age because it looks like just trading but it isn't just trading but also gambling.

[obuoma]

I read a report saying that around $5 billion in Kalshi sports trading volume came from users aged 18 to 20. We all know that many sportsbooks only allow gamblers who are 21 years old and above. This makes me question the regulation. An 18-year-old may not be allowed to place a sports bet on a sportsbook, but can still put money on a sports prediction market.

If both involve risking money on the outcome of a sports event, why do they have different age requirements? Is there really enough difference between the two to justify that?

The ideal gambling age is country dependent and also vary from one platform to the other with the minimal age being 18 years. Some local casinos in my country have their age capped at 18 whereas many online casinos use 21 because they know that some countries have their gambling age limit as high as that,  so to avoid any complications, they have to adopt the upper limits. Prediction market is relatively new in the business and may be operating based on the reality that human civilisation have gone a step further which means that people are increasing becoming aware and independent at very young age.

[Filicius]

I read a report saying that around $5 billion in Kalshi sports trading volume came from users aged 18 to 20. We all know that many sportsbooks only allow gamblers who are 21 years old and above. This makes me question the regulation. An 18-year-old may not be allowed to place a sports bet on a sportsbook, but can still put money on a sports prediction market.

If both involve risking money on the outcome of a sports event, why do they have different age requirements? Is there really enough difference between the two to justify that?

IMO it is a time lag that sooner or later will end when both types of bets, unless other interests make it last. Prediction markets are betting markets, they are no different from sports betting except in the scope of application, and sometimes not even in that.

What surprises me enormously is that with this age range as a target audience, such high revenue figures are achieved. Either the pay given to them by their parents is very high, or some young people spend most of their income on this form of entertainment