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The prediction market Kalshi says it has seen a jaw dropping 22 million transactions during the month of December alone. That's an average of 820,000 transactions per day and a 97 percent increase over last month's numbers.
According to Kalshi Data, "If this pace continues, Kalshi is on track to set a new record for Monthly Transactions, potentially surpassing 25.4M Transactions."
A mostly meaningless game - outside of playoffs seeding possibility - between the LA Rams and Atlanta Falcons had already seen $1.4 million traded thus far as of Monday morning.
Five College Football Playoffs games are set to be played December 31 to end the month and all but guarantee a surge in transactions on this day. The Miami vs. Ohio State game alone has already seen over $1 million traded thus far.
Kalshi is regulated by the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) and vows to allow customers to place trades in all 50 US states despite pushback from some state regulators.
Last week, 37 states and D.C. filed an amicus brief with the Fourth Circuit defending states’ long-standing authority to regulate sports betting within their borders.
- Gilbert Horowitz, Gambling911.com
