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Kalshi Hits $40B+ Volume and 80% of US Prediction Market

Kalshi, a prediction market platform, now handles over $40 billion in monthly volume and about 80% of all U.S. prediction market activity. This growth comes as the U.S. Senate decided to block the CLARITY bill, a proposed crypto market structure law.

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What happened

Kalshi, a prediction market platform, now handles over $40 billion in monthly volume and about 80% of all U.S. prediction market activity. This growth comes as the U.S. Senate decided to block the CLARITY bill, a proposed crypto market structure law.

Confirmed

Global impact / market context

Kalshi's growth shows investors are using prediction markets to bet on real-world events, a growing alternative to traditional assets. The Senate's rejection of the CLARITY bill leaves crypto companies without clear rules, which may push more regulatory uncertainty onto digital asset markets and affect their prices.

Analyst inference

Prediction markets are becoming a significant part of U.S. financial activity, with Kalshi capturing most of that volume. Meanwhile, the failed CLARITY bill signals continued regulatory friction for crypto, which could make investors cautious about Bitcoin and other digital assets while favoring regulated platforms like Kalshi.

Analyst inference

What to watch

  1. The article confirms Kalshi's monthly volume exceeds $40 billion and that it handles roughly 80% of U.S. prediction market volume, indicating rapid platform growth. Confirmed
  2. Watch whether Kalshi's trading volume continues to rise if the Senate's rejection of the CLARITY bill leads to further scrutiny of crypto platforms, potentially driving more traders toward prediction markets. Proposed
  3. Investors may see Bitcoin prices react to ongoing regulatory uncertainty, as the failed CLARITY bill leaves the crypto industry without clear legal guidelines, possibly reducing capital spending in digital assets. Analyst inference

Affected assets

  • BTC — Bitcoin

Evidence