Trading Frenzy Reshapes Market Behavior
Kalshi’s user base now spans journalists, politicians, analysts, and everyday traders, with weekly trading volume surpassing $1 billion—a more than 1,000% increase over 2024. The platform boasts “millions” of weekly users trading across 3,500+ markets, making it one of the fastest-growing financial platforms in the country.
In a show of predictive precision, the company reported that its market correctly called the 2025 New York City mayoral election just eight minutes after polls closed, underscoring its ambition to turn forecasting into a data-driven science.
Investors See a Cultural Shift
“Kalshi’s exponential growth shows the scale of latent demand for prediction markets as a new asset class — from institutions to everyday people,” said Matt Huang, co-founder and managing partner at Paradigm. “People come for one type of market and stay for the breadth. We see this as an uncapped cultural and economic phenomenon, similar to how we felt about crypto a decade ago.”
Full counsel details for the Cooley LLP team advising Kalshi were not immediately available.
