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Kalshi Posts Record Volumes as Online Sports Betting Surges

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Tangentially 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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Importance: 22/100news articlenews

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

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Kalshi (Prediction Market)Organization25.0

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Kalshi Posts Record Volumes and Sports-Betting World Enters New Y 
 

 
 

 
 
 

 
 
 
 
 
 
 
 

 
 
 
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 April 09, 2026
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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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 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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