How prediction markets Kalshi and Polymarket are aggressively targeting college students through fraternity partnerships and student influencers
Kalshi and Polymarket pour money into deals with social-media influencers and students, who try to parlay rumors, insider information into cash; 'We know this shouldn't be allowed'
Wall Street Journal
Related Coverage
- 2 young billionaires are behind the prediction market boom. They hate each other NPR · Bobby Allyn
- A Technology for a Low-Trust Society The Atlantic · Charlie Warzel
- Kalshi Reportedly Paid 15-Year-Old Gamer To Promote Online Betting Until Its Legal Department Said Please Don't Kotaku · Ethan Gach
- Kalshi and Polymarket are skirting laws on sports betting, states say Route Fifty · Stateline
- Taking wagers on military strikes? It must stop Deseret News · Jay Evensen
- Are Polymarket and Kalshi decentralized? Protos · Bennett Tomlin
- New Prediction Markets Insider Trading Bill Surfaces In Congress Event Horizon · Dustin Gouker
- The prediction market backlash has arrived Yahoo Finance · Joseph Zeballos-Roig
- ‘Everybody Got Screwed:’ Prediction Market Kalshi Refuses to Pay Winnings on Trades Related to Khamenei's Death Breitbart · Lucas Nolan
- How much of what we consider insider trading is happening in prediction markets? My The Wall Street Journal colleagues have a compelling story … Dave Michaels
- Class Dismissed — The House always wins. The same is not true for the Frat House. NextDraft · Dave Pell
- TEST College Hoops Are Big on Kalshi Front Office Sports · Ben Horney
Discussion
-
@kylascan
Kyla Scanlon
on x
Young people seem to be (1) gambling a lot (2) targets for prediction market companies and (3) using these platforms primarily to find ways to do insider trading! [image]
-
@jessefelder
Jesse Felder
on bluesky
“You can never start those kids too early on sports betting,” Nigel Eccles, the co-founder and former CEO of online sportsbook FanDuel, mockingly wrote. www.wsj.com/business/med...
-
r/technology
r
on reddit
A Technology for a Low-Trust Society | Polymarket and Kalshi promise the wisdom of the crowds. They deliver something very different
-
@cwarzel
Charlie Warzel
on bluesky
there are plenty of moral/ethical reasons to not like prediction markets but the thing that's most interesting to me is the way that they are a machine that destroys trust. by democratizing insider trading everyone assumes the fix is always in. it's corrosive! www.theatlantic.…
-
@bobbyallyn
Bobby Allyn
on bluesky
At the center of the prediction markets boom is a bitter rivalry between two 20-something billionaire fintech bros vying for their companies to be distinct, despite everyone constantly lumping them together — “For them, it's existential,” a former Kalshi employee told me — ww…
-
@kylascan
Kyla Scanlon
on x
Yo brother legal team confirmed that we can't work with minors rn [image]
-
@byklong
Katherine Long
on x
NEW: A fraternity that counts Jeff Bezos' stepson as a member under investigation for insider trading. Polymarket-branded beer pong sets. $20,000 in funding to open a prediction market club. Here's how prediction markets are gaining ground on campus. https://www.wsj.com/...
-
@wexler
Nu Wexler
on x
“Yo brother, legal team confirmed that we can't work with minors rn,” a Kalshi employee wrote to the user in messages reviewed by the Journal. “Kinda sad tbh.” https://www.wsj.com/...
-
@klong
Katherine Long
on bluesky
A fraternity that counts Jeff Bezos' stepson as a member under investigation for insider trading. Parties with Polymarket-branded beer pong sets. $20,000 in funding to open a prediction market club. — Here's how prediction markets are gaining ground on college campuses. www.w…
-
@bobbyallyn
Bobby Allyn
on bluesky
“Yo brother, legal team confirmed that we can't work with minors rn” is the best way to summarize this article, an impressively deep look at Kalshi and Polymarket's relentless nationwide campaign to recruit college students and get them hooked to prediction markets early. [embed…
-
@davepell
Dave Pell
on bluesky
Prediction markets are actively trying to turn college students into gambling addicts. They are some of the worst companies in America. It's pathetic that news organizations and other institutions are doing business with them. — www.wsj.com/business/med...