Kalshi has reached $1.3 billion this month, surpassing Polymarket

PANews September 19th news, according to The Block, forecasting platform Kalshi is ushering in its best performance in nearly a year. The company said on Thursday that it currently "contributes 62.2% of global forecast market transactions, which is in stark contrast to a year ago when Kalshi only accounted for 3.1% of global transactions". Kalshi also stressed that its services are only for American consumers. Data shows that as of this month, Kalshi's monthly trading volume has reached US$1.3 billion, far exceeding the $773 million of rival Polymarket. Kalshi's last monthly trading volume exceeded $1 billion was during the November 2024 U.S. election. While this month isn't over yet, and Polymarket is still likely to eventually take the lead, Kalshi's performance in recent months shows that the platform is becoming increasingly popular.