Kalshi’s global prediction market share is at 62%

The prediction platform Kalshi announced that its share of the global prediction market has soared to 62.2%, a huge leap from last year’s 3.1%. The company, however, still operates exclusively in the ￰0￱ to the Block Data Dashboard, the company has already seen $1.3 billion in monthly trading volume, outpacing rival Polymarket, which stands at $773 ￰1￱ last time the prediction platform saw monthly volume topping $1 billion was in November 2024, amid ￰2￱ is currently facing state lawsuits Kalshi now takes roughly two-thirds of the global prediction market volume, with 37% going to Polymarket and whatever is left picked up by Limitless and ￰3￱ trading particularly grew in August, partly driven by the NFL season kickoff and its enhanced focus on sports ￰4￱ CEO Tarek Mansour, in his statement on the platform’s market share, said, “It’s remarkable to see how fast the platform is growing.” Still, it faces multiple lawsuits accusing it of operating as an unregistered sports betting ￰5￱ in Maryland, Nevada, and New Jersey have all ordered it to stop operations, arguing its markets qualify as sports ￰6￱ cases are now in federal court, with early rulings issued, but final judgments are still ￰7￱ took an even tougher stance last week, suing the platform and branding its sports contracts illegal and unsafe sports ￰8￱ state’s 43-page filing asks the court to block local users from participating, similar to the limitations imposed on Coinbase’s staking programs in some ￰9￱ Campbell, the state’s attorney general, claimed that the prediction platform effectively runs a sportsbook without following the licensing and regulatory framework required in Massachusetts.

Kalshi, however, pushed back on the allegations, stating, “Kalshi offers its users a fair, transparent, federally-regulated, and nationwide ￰10￱ than engage in dialogue with Kalshi as many other states have done, Massachusetts is trying to block Kalshi’s innovations by relying on outdated laws and ideas.” Bettors are also leaning toward predictions unrelated to sports So far, Polymarket and Klshi remain the go-to platforms for users betting on real-world events , though the two operate under very different ￰11￱ is a decentralized platform focused on crypto and working to return to the ￰12￱ through its QCEX acquisition. Kalshi, by contrast, operates as a licensed ￰13￱ and has recently been deepening its ties to the crypto ecosystem by adding support for chains.

Kalshi, in partnership with Solana and Base, launched the KalshiEco hub to drive prediction market ￰14￱ prediction market platform announced the new initiative through its social media ￰15￱ hub is a part of its move to develop prediction market infrastructure based on blockchain, in conjunction with the Solana network and Base, a layer-2 solution by ￰16￱ venture marries Kalshi’s regulatory know-how with Solana’s blockchain infrastructure and Base’s layer-2 scaling tech ￰17￱ is Coinbase’s Ethereum layer-2 solution that seeks lower transactional costs and faster processing ￰18￱ at Bernstein see prediction platforms as the next big interface where crypto, AI, and news ￰19￱ betting is already a multibillion-dollar industry in the U.

S., but the action goes far beyond the playing ￰20￱ are now betting on everything from corporate earnings and key economic announcements to crypto ￰21￱ even pointed out that more than $200 million on Polymarket and $85 million on Kalshi were traded around the Fed’s 25-bps rate ￰22￱ reports indicate that investors may soon buy into both ￰23￱ is considering a new funding round at a $9–$10 billion valuation, and Kalshi is reportedly close to securing financing that would value it at $5 ￰24￱ Bybit now and claim a $50 bonus in minutes