Kalshi has reached $1 billion in monthly trading volume and now has a 62% share of the global prediction market industry, surpassing Polymarket's 37% market share. Four states, including Massachusetts, have filed lawsuits accusing Kalshi of operating as an unlicensed sports betting platform, with Massachusetts seeking a permanent ban on the platform.
Kalshi said it operates as a designated contract market under federal supervision by the U.S. Commodity Futures Trading Commission (CFTC), and therefore should take precedence over state gambling laws that require separate licensing.
Data: Kalshi forecasts monthly market turnover to break through $1 billion
2025-09-19 00:24:27
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