Kalshi US Traffic Soars 1,500% as Trading Volume Hits $40B Monthly
Summary
Kalshi's US web traffic jumped 1,520% year-over-year to 15.4 million visits in July, while monthly notional trading volume reached about $40 billion in August, up 4,500% from a year earlier. Sports contracts drove 83% of July volume, highlighting the platform's reliance on event contracts that are now under legal scrutiny. The growth comes as New Jersey takes its dispute over sports contracts to the US Supreme Court, and New York has filed a lawsuit alleging illegal gambling. Traffic from restricted jurisdictions like Canada and the UK also rose sharply, raising compliance questions. The company is reportedly in talks to raise capital at a $40 billion valuation, nearly double its prior round.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Cointelegraph.