Just 7% of prediction-market users are older than 49. That was one of myriad findings reported by Truist Securities analyst Barry Jonas in a 17 March investor note.
Although prediction markets skewed younger in their appeal, 5% of customers surveyed were 21 or younger. The largest bettor cohort was in the 30-39 age range, representing 36% of players. The 22-29 age range has 22% and 31% of punters were in their 40s.
Nineteen percent of players did not have a college education, with 26% holding graduate degrees. The affected income bracket skewed middle-class, with 37% of bettors making $50,000 to $100,000 a year. Those making more than $250,000 largely did not play: just 3%. Thirty percent of respondents made between $100,000 and $150,000 a year.
