Kalshi Surpasses $1B in Monthly Trading Volume, Establishes Global Dominance
Over the past year, prediction markets giant Kalshi has experienced a significant transformation, topping $1 billion in monthly traded volume, firmly establishing itself as the clear leader in the industry.
Kalshi Establishes Global Prediction Markets DominanceĀ
The company reports that newly released data, drawn from publicly available metrics, shows Kalshi now controls 62.2% of the global prediction market volume, a dramatic rise from just 3.1% a year ago. The platform recently exceeded $1 billion in monthly trading volume, a major milestone. This comes despite being limited to US users, which is a constraint that has not prevented it from dominating global activity in the space. A similar pattern emerges in transaction counts, with Kalshiās share surging from 12.9% to 63.9% over the same 12-month period.Ā
The company also reportedly set a single-day record of 588,520 trades during Week 2 of the NFL season. While these props arenāt as comprehensive as those offered by major sports betting platforms like FanDuel and DraftKings, they mark the prediction marketās first foray into sports betting beyond its traditional offerings.
Itās important to note that Kalshi posted these impressive numbers despite the continually uncertain state of prediction markets in the US. We recently reported on a talk between experts discussing how the issue with āswapsā might become another stumbling block in Kalshiās and other prediction markets operatorsā growth in the country.
How Kalshi Grew So Much?
Kalshi CEO Tarek Mansour credited the companyās success to a consistent focus on creating a product that genuinely connects with users. He highlighted that the results reflect the teamās dedication and effort, explaining that Kalshiās approach has been to prioritize user experience over chasing metrics, trusting that strong performance would follow organically.
Itās remarkable to see how fast Kalshi is growing. Weāve 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.
Tarek Mansour. CEO, Kalshi
Another major reason for Kalshiās fast growth is the companyās expansion into various spheres, such as cryptocurrency. In May, Kalshi announced a partnership with Solana, a high-performance blockchain platform designed for decentralized applications and cryptocurrencies. By leveraging these ecosystems, Kalshi aims to overcome current limitations in prediction market infrastructure and expand its user base.
