Kalshi Surpasses $1 Billion in Monthly Volume Amid Legal Challenges
- Kalshi has achieved over $1 billion in monthly trading volume, capturing approximately 62% of the global prediction market industry.
- Polymarket holds a smaller share at around 37%, with the remainder split between Limitless and Myriad.
- Massachusetts, along with three other states, has filed lawsuits against Kalshi, alleging it operates as an unlicensed sportsbook.
- Kalshi argues its operations are federally regulated by the CFTC as a designated contract market, which should preempt state gambling laws.
Despite legal challenges from several states claiming it functions as an unlicensed sportsbook, Kalshi continues to grow its market share significantly within the global prediction industry. The company maintains that its federal regulation under the CFTC should override state-level gambling restrictions.
Kalshi’s dominance in the prediction market is underscored by its $1 billion monthly volume and significant share of the industry compared to competitors like Polymarket. (Source)
