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Kalshi Dominates Prediction Markets Amid Legal Challenges
Kalshi Dominates Prediction Markets Amid Legal Challenges
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BTCCSquare news:
Kalshi now commands 62% of the global prediction market share, with $1.3 billion in monthly trading volume—far surpassing Polymarket's $773 million. The platform last exceeded $1 billion in November 2024 during the U.S. elections. August's growth was fueled by NFL season kickoffs and expanded sports markets.
CEO Tarek Mansour hailed the rapid expansion, but legal troubles loom. Maryland, Nevada, and New Jersey have ordered operations halted, alleging unlicensed sports betting. Federal courts have issued preliminary rulings, but final decisions remain pending. Massachusetts escalated the crackdown last week, filing a 43-page lawsuit to block local users, mirroring restrictions applied to Coinbase's staking programs.
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