Kalshi Open Interest Drops 20% as World Cup Frenzy Fades
Tom Rudovsky · Reported by The Block
More coverage: Financial
Sentiment
Negative
Importance
7
Price
--
Mkt Cap
--
52W Low
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52W High
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52W Position
Off High
Rel. Volume
Market data snapshot near publication time
Summary
Kalshi's open interest has fallen 20% from its ~$2 billion peak as the World Cup catalyst evaporates. Sports volume collapsed 55% to $4 billion in the week ending July 19, with the final played on July 19. This follows a period of explosive growth driven by the tournament, where sports accounted for 80% of volume. The decline is expected to persist until the U.S. midterm cycle in the fall, removing a key near-term revenue driver. The drop in activity could weigh on sentiment ahead of the rumored $40 billion funding round and potential IPO.
This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: The Block.