Kalshi

View exchange stats

Key Metrics

DEX Volume 30d$12.926b

DEX Volume 30d by chain

Off Chain$12.926b

DEX Volume 7d$2.282b

Off Chain$2.282b

DEX Volume 24h$434.35m

Off Chain$434.35m

Cumulative DEX Volume$85.293b

Off Chain$85.293b

DEX Notional Volume 30d$60.508b

DEX Notional Volume 30d by chain

Off Chain$60.508b

DEX Notional Volume 7d$11.44b

Off Chain$11.44b

DEX Notional Volume 24h$2.136b

Off Chain$2.136b

Cumulative DEX Notional Volume$276.21b

Off Chain$276.21b

$1.59b

Total Raised$3.885b

Jun 25, 2025$185mRound: Series CInvestors: Paradigm, Sequoia Capital, Multicoin Capital, Neo, Bond

Oct 10, 2025$300mRound: Series DInvestors: Sequoia Capital, a16z crypto, Paradigm, CapitalG, Coinbase Ventures

Nov 20, 2025$1bRound: Series EInvestors: Paradigm, Sequoia Capital, a16z crypto, Neo, CapitalG, Anthos Capital

Mar 19, 2026$1bRound: Investors: Coatue

Apr 3, 2026$1.2bRound:

May 20, 2026$200mRound: Series FInvestors: Baillie Gifford, Layer Global

Protocol Information

Kalshi is a CFTC-regulated event derivatives exchange where users trade binary contracts (yes/no) on real-world outcomes

Website X/Twitter Exchange profile

Category:Prediction Market

Methodology

DEX Volume: Volume of all spot token swaps on the DEX Notional Volume: Notional volume of all trades on protocol

Competitors

Polymarket International ($347.43m)Rain ($18.22m)Predict Fun ($9.72m)OPINION ($3.18m)Sport.fun ($2.32m)Augur ($1.94m)Levr Bet ($1.88m)Pascal ($1.87m)PredictStreet ($1.51m)Overtime ($1.25m)

Frequently Asked Questions

What chains does Kalshi operate on?

Kalshi operates on Off Chain.

How does Kalshi's TVL compare to similar protocols?

Among Prediction Market protocols tracked by DefiLlama, Kalshi ranks #93 by TVL. The category holds $396.89m across 125 protocols, and Kalshi accounts for 0% of that total. Other leading protocols include Polymarket International, Rain, Predict Fun, OPINION, Sport.fun, Augur, Levr Bet, Pascal, PredictStreet, and Overtime.

How much trading volume does Kalshi process?