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Klavi reports 14% fall in Brazilian sports betting users during tournament

Regulation

Fintech Klavi said the number of Brazilians who placed a sports bet in the previous 24 hours fell 14% from pre-tournament levels, based on an analysis of 1.2 million people. It reported R$44.8m in bets on the day covered, 138% above the average, and an average of R$524 per bettor, up 178%.

The figures suggest operators saw lower bettor numbers even as betting values rose during the tournament.

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AGA estimates under-21 users generated $8.844 billion in Kalshi sports trading

The American Gaming Association estimated that Kalshi users aged 18 to 20 generated more than $8.844 billion in sports-related trading volume through 27 October, based on a 4% figure the association said Kalshi had published and later changed. The AGA argues that users aged 18 to 20 can access these markets despite age limits of 21 for sports betting in numerous US states.

The American Gaming Association (AGA) estimated that Kalshi users aged 18 to 20 generated more than $8.844bn in sports trading volume through 27 October. According to the AGA, the calculation rests on information that Kalshi published on its website and later changed. In that information, the AGA said, Kalshi stated that users aged 18 to 20 accounted for 4% of its trading volume.

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