JUST IN: Kalshi has solidified its position as the dominant player in the US prediction market, capturing approximately 89% of the measured volume, at a time when the sector is growing and facing a crucial legal battle.

The fight between the CFTC and several states could determine whether these contracts expand as financial instruments under a federal framework or remain trapped in fragmented regulations similar to those governing online gambling.
Kalshi holds approximately 89% of the US prediction market, according to Bank of America estimates.