# Kalshi Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Kalshi", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

The Value, Growth, and Risks of Prediction Markets

The article discusses the explosive growth and complex nature of prediction markets in the United States, focusing on their value, risks, and regulatory challenges. Key drivers include sports betting, which fueled a 1795% year-over-year trading volume increase in Q2 2026, with platforms like Kalshi and Polymarket dominating. These markets offer significant potential as superior hedging tools for businesses and more efficient price discovery mechanisms than traditional polls or derivatives for events like Fed rate decisions, elections, or GPU prices. They also serve as customer acquisition channels for platforms like Robinhood. However, major challenges persist. A central conflict exists between federal regulators (CFTC), which classify event contracts as derivatives under its jurisdiction, and state authorities, which view sports-related contracts as illegal gambling, leading to numerous lawsuits. There is significant consumer protection risk: data shows most retail users lose money to professional traders, platforms market high-risk products like parlays, and protections (e.g., age limits, addiction help) are weaker than in state-regulated sports betting. The "self-certification" process allows rapid contract launches but creates regulatory uncertainty. The author argues prediction markets are fundamentally "better markets" but currently fail to provide adequate consumer safeguards. Proposals include integrating protection mechanisms (cooling-off periods, position limits), aligning risk warnings with product risks, creating paths from speculation to long-term investing, and applying specific consumer protections and taxes to sports contracts. The piece concludes by urging stakeholders to address these issues before a potential regulatory backlash undermines the markets' legitimate utility.

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The Value, Growth, and Risks of Prediction Markets

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Kalshi's Daily Stock Open Interest Hits Record High of $17.98 Million

Kalshi's daily open interest for its perpetual futures product hit a record $17.98 million on August 12th, just over two months after its launch. The CFTC-approved platform, which began with Bitcoin and Ethereum contracts in early June, now lists 13 crypto assets. Open interest remained below $5 million initially, saw mid-June spikes to $13-14 million, stabilized around $6-7 million, and has steadily climbed since July, consistently holding above $12 million in recent weeks. This growth indicates sustained trader engagement on a platform that recently offered only short-term binary contracts. Despite this rapid growth, Kalshi's total crypto perpetuals portfolio is small in scale, representing about 0.15% of rival Hyperliquid's $11.7 billion daily open interest. The comparison is structurally limited: each Kalshi contract requires federal regulatory pre-approval, resulting in a small list, whereas permissionless platforms like Hyperliquid support hundreds of pairs. The concentrated open interest on Kalshi's few approved contracts signals strong demand within its specific niche. Analysts suggest Kalshi is not cannibalizing existing decentralized exchange volume but is tapping a previously underserved pool of U.S.-based traders who lacked a legal, leveraged crypto platform. The true size of this new user pool remains unknown. While a market downturn could disrupt the trend, the open interest chart has so far shown consistent upward momentum.

cryptonews.ruIeri 11:22

Kalshi's Daily Stock Open Interest Hits Record High of $17.98 Million

cryptonews.ruIeri 11:22

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