Sports Accounted For 75% Of Contracts At Kalshi This Weekend
Data from Kalshi shows just how much the prediction market platform is relying on sports betting
Data from Kalshi shows that about three-quarters of all trading volume via the prediction market platform over the weekend came from people betting on sports.
The majority of trading via the platform came just on the NBA, through betting on both who will win series in the first round of the NBA playoffs and single-game outcomes. Those are the first two entries on this graph:
The data comes from daily market insights published by Kalshi.
Single-game betting on Major League Baseball and trading on the champion of the NBA were the next biggest markets. The price of Bitcoin today rounded out the top five. The other markets in the top 20:
Federal Reserve rate hike (KCFEDDECISION)
Next Canadian Prime Minister (KXCANADAPM)
NHL playoff series winners (KXNHLSERIES)
Who will be the next Pope (KXNEXTPOPE)
NHL single-game winners (KXNHLGAME)
NBA Western Conference champion (KXNBAWEST)
NHL champion (KXNHL)
Bitcoin price range at x time (KXBTC)
NBA Eastern Conference champion (KXNBAEAST)
Next government of Canada (KXCANCOALITION)
Gas price this month (KXAAAGASM)
Inflation in April (KXCPIYOY)
High temperature in NYC (KXHIGHNY)
Top song on Spotify today (KXSPOTIFYD)
How many seats will the conservatives win in the Canadian election (KXCANCONSEATS)
The data highlights why Kalshi is pushing into more and more sports event contracts. Sports betting is more popular than most of Kalshi’s normal markets and creates dramatically more trading volume. Outside of presidential election cycles and other tentpole events (Oscars, etc.), driving volume and velocity of trading is difficult.