Data: Kalshi's U.S. election prediction market has exceeded $30 million in trading volume just three weeks after its launch

ChainCatcher news, Kalshi launched its U.S. election prediction market contracts after receiving a favorable ruling from the court in October, with trading volume exceeding $30 million in just three weeks. It still lags behind Polymarket, which had a trading volume of about $40 million from early January to early February (the first month of its presidential betting), and recently surpassed $2 billion in trading volume.

The Kalshi market indicates that Republican candidate Donald Trump is leading Democratic opponent Kamala Harris by 14 percentage points. Reportedly, these odds must come solely from U.S. citizens (and permanent residents), as Kalshi's terms and conditions prohibit foreign individuals from trading on the platform.