Kalshi Experiences Explosive Growth Amid Regulatory Scrutiny
- Kalshi’s US web traffic surged to 15.4 million visits in July, a rise of about 1,520% from under 1 million in August.
- US traffic constituted nearly 80% of total visits in July, up from 72.8% the previous year.
- Monthly notional trading volume reached approximately $40 billion in August, increasing by roughly 4,500% from $874 million a year earlier.
- Kalshi accounted for nearly 79% of the prediction market industry’s total monthly volume of $50.7 billion.
- Sports contracts made up about 83% of Kalshi’s trading volume in July.
The rapid growth of Kalshi’s platform comes amid legal challenges regarding its sports contracts and their classification under federal or state laws, with New Jersey escalating the matter to the US Supreme Court.
In July, Kalshi recorded a staggering $40 billion in trading volume while facing regulatory scrutiny over its operations and contracts.(Source)
