Kalshi Sets New Prediction Market Record, Dominates Global Transactions
Kalshi, a prediction market platform, has faced legal hurdles in New Jersey and Massachusetts but remains undeterred. Despite these challenges, the company has registered impressive growth and dominance in the stock market today.
Kalshi's meteoric rise began in 2024 and has continued unabated. The platform recently set a new record for transaction volumes, with 588,520 single-day trades on the Sunday of NFL Week 2, surpassing its previous high on Election Day of the same year.
The company's growth is reflected in its stock market share. Kalshi now accounts for 63.9% of global prediction market transactions, up from a mere 12.9% last year. This growth is not limited to prediction markets; Kalshi's financial and economics contracts are also experiencing steadfast growth. The platform has breached the $1bn monthly volume mark and taken the lion's share of global market activity in the stock market today.
Kalshi's co-founder and CEO, Tarek Mansour, attributes the platform's remarkable growth to the team's focus on building a quality product. Despite facing legal challenges, Kalshi continues to innovate and dominate the prediction market, accounting for 62.2% of global prediction market volume, up from 3.1% last year in the stock market today.
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