Kalshi Posts Record Volumes as Online Sports Betting Surges
blogTangentially relevant to AI safety as prediction markets like Kalshi are sometimes discussed as mechanisms for aggregating forecasts on AI risk and policy outcomes; this article covers commercial growth rather than forecasting methodology or AI applications.
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Summary
Kalshi, a CFTC-regulated prediction marketplace, has grown its annualized trading volume from $300 million to $40-50 billion since August 2025, largely driven by sports betting contracts. The platform is forming partnerships with major sports leagues and crypto platforms, positioning prediction markets as a disruptive alternative to traditional sportsbooks. This rapid growth highlights the expanding commercial and regulatory significance of prediction markets beyond their traditional forecasting applications.
Key Points
- •Kalshi's annualized trading volume exploded from $300M to $40-50B between August and December 2025, driven primarily by sports event contracts.
- •Football-related contracts alone accounted for 90% of December trading volume, signaling heavy consumer demand for sports prediction markets.
- •Kalshi has partnered with the NHL, and crypto platforms including TRON, Phantom, and Coinbase to broaden market access.
- •The platform operates under CFTC oversight as an event contract marketplace, distinguishing it legally from traditional sportsbooks.
- •This growth positions prediction markets as a potential disruptive force challenging established online sports betting operators.
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| Kalshi (Prediction Market) | Organization | 25.0 |
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Kalshi Posts Record Volumes and Sports-Betting World Enters New Y
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April 09, 2026
Volume XVI, Number 99
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Kalshi Posts Record Volumes as the Surging Online Sports-Betting World Enters the New Year With a Bang
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Eli France ,
The National Law Review
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Kalshi—the world’s largest prediction marketplace that allows users to trade contracts on the outcomes of real-world events—increased its annualized trading volume from $300 million to $40–50 billion since August 2025, according to a December 17, 2025 research report by Foresight Ven
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