- Kalshi reached $4B in monthly trading volume.
- The milestone reflects growing interest in event-based markets.
- Data confirmed by Dune Analytics dashboard.
Kalshi, the event-based trading platform, has just crossed a major threshold — hitting $4 billion in monthly trading volume, as confirmed by Dune Analytics. This new record highlights Kalshi’s rapid rise in the alternative trading landscape and underscores a growing appetite for prediction markets.
What Is Kalshi?
Kalshi is a regulated financial exchange that allows users to trade on the outcomes of real-world events — ranging from inflation rates and political elections to weather patterns and entertainment results. Essentially, traders buy “yes” or “no” shares on whether a specific event will occur.
Its unique approach has attracted a new wave of investors who are looking for market exposure that goes beyond traditional stocks and crypto. And it appears to be working — with trading volumes now surging into the billions monthly.
Why This Volume Spike Matters
Crossing the $4 billion mark is more than just a number — it represents mainstream traction for a niche market. Kalshi’s growth suggests that event-based markets are no longer a fringe curiosity but are being taken seriously by both retail and institutional investors.
Dune Analytics, a respected blockchain and trading analytics platform, confirmed this volume surge through its public dashboard, adding credibility to the milestone.
Experts say such volume increases point to a maturing product-market fit and increasing confidence in Kalshi’s regulated infrastructure, which is overseen by the U.S. Commodity Futures Trading Commission (CFTC).



