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 Dominance 

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 Kalshi’s share surging from 12.9% to 63.9% over the same 12-month period. 

The company also reportedly set a single-day record of 588,520 trades during Week 2 of the NFL season. While these props aren’t as comprehensive as those offered by major sports betting platforms like FanDuel and DraftKings, they mark the prediction market’s first foray into sports betting beyond its traditional offerings.

It’s 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 “swaps” might become another stumbling block in Kalshi’s and other prediction markets operators’ growth in the country.

How Kalshi Grew So Much?

Kalshi CEO Tarek Mansour credited the company’s success to a consistent focus on creating a product that genuinely connects with users. He highlighted that the results reflect the team’s dedication and effort, explaining that Kalshi’s approach has been to prioritize user experience over chasing metrics, trusting that strong performance would follow organically.

It’s remarkable to see how fast Kalshi is growing. 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.

Tarek Mansour. CEO, Kalshi

Another major reason for Kalshi’s fast growth is the company’s 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.