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Kalshi Prediction Markets Hit $1B Monthly Volume Amid Regulatory Scrutiny
Kalshi Prediction Markets Hit $1B Monthly Volume Amid Regulatory Scrutiny
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BTCCSquare news:
Kalshi has surged to dominate 62% of global prediction market volume, processing $1 billion monthly as American traders flock to the platform. The NFL season kickoff in August catalyzed a dramatic spike in activity, outpacing competitors like Polymarket (37% share) and Decrypt-affiliated Myriad.
Four states led by Massachusetts are challenging Kalshi's regulatory standing, alleging it operates as an unlicensed sportsbook. The platform maintains its compliance under CFTC oversight as a designated contract market, creating a jurisdictional clash with state gambling laws.
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