Kalshi has turned to artificial intelligence to help decide which prediction markets to list — just as trading on the platform surges past $5 billion in a single week.
Bloomberg reports the exchange has deployed an internal AI agent nicknamed “Harrison” to support its markets team. Harrison sifts news, tracks competing platforms, flags promising contract ideas for listing, and pinpoints where liquidity incentives could have the biggest impact. The system contributes to Kalshi’s internal review process for new contracts before they go live, company co‑founder Luana Lopes Lara told Bloomberg.
Kalshi also employs an AI engineer whose remit includes using AI to stress‑test certification workflows and surface potential weaknesses before markets launch — part of a broader push to scale listings and risk controls as user activity grows.
Trading volumes have accelerated sharply, driven in large part by sports markets. Data cited by Bloomberg from Dune Analytics shows Kalshi reached nearly $18 billion in notional trading volume in May, helped by FIFA World Cup interest. The platform posted about $5.1 billion in volume during the first week of the tournament, a record weekly high. Sports markets are now among Kalshi’s fastest‑growing verticals alongside elections, economic data, and entertainment contracts.
Rival Polymarket has also seen increased activity tied to sports, with DefiLlama reporting roughly $1.46 million in fees over the last 24 hours and about $7.17 million for the previous seven days — placing it among the top fee‑generating crypto protocols during those periods.
All of this growth comes amid intensifying regulatory scrutiny of prediction markets in the U.S. State regulators have argued some event contracts resemble traditional gambling, while federally regulated exchanges say they operate under commodities law overseen by the Commodity Futures Trading Commission (CFTC). The CFTC has proposed new rules for prediction market platforms and has defended federal oversight against state enforcement efforts.
Tensions escalated this month when the CFTC sued New Mexico officials after the state filed a June 4 lawsuit against Kalshi alleging the platform was offering sports betting without a license and allowing users aged 18–20 to participate despite a state minimum gambling age of 21. In its filing, the CFTC argued that event contracts listed on CFTC‑registered exchanges are governed by federal commodities law and therefore fall under its exclusive jurisdiction.
As prediction markets expand — powered by new tech like Harrison and surging sports demand — the industry is likely to remain a focal point for both innovation and legal debate. Sources: Bloomberg, Dune Analytics, DefiLlama, crypto.news.
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