Prediction market platform Kalshi has faced many challenges over the past months. The company has been fighting – and so far, appearing to be winning a lawsuit in New Jersey – while at the same time, accepting a new legal challenge in Massachusetts.
None of this has, however, put a dent in Kalshi’s building momentum, which has pushed the firm to new heights, generating record volume and transactions.
Kalshi, undaunted by legal challenges, carries on to new record heights
In a statement shared with the media, Kalshi claimed that it has now breached $1bn monthly volume and is taking, what it has described as the "lion’s share of global market activity."
"Despite being limited to only American customers, Kalshi has now risen to dominate the global prediction market industry. New data scraped from publicly available activity metrics details this rise," the company explained.
Kalshi, the firm estimates, accounts for 62.2% of global prediction market volume, compared with just 3.1% from last year, as well as the majority of transactions – 63.9%, compared to 12.9% from a year earlier.
In fact, Kalshi is consistently posting better results. It has been able to generate 588,520 single-day trades on the Sunday of NFL Week 2, which surpassed its previous best result on Election Day of 2024.
Apart from sports markets, Kalshi said that its financial and economics contracts are also enjoying steadfast growth, with the company continuing to expand its offer with new markets. Commenting on the latest results, Kalshi CEO Tarek Mansour said that it was remarkable to see the kind of growth Kalshi had achieved.
"We've been heads down focusing on building a product we love, and we let the score take care of itself. This result is a testament to how good the team at Kalshi is," Mansour added.
