Report: Kalshi holds 89% share of the US forecasting market.

CoinFeed reported on April 10th that, according to CoinDesk, a Bank of America report showed that trading volume in the US prediction market increased by 4% week-over-week. Kalshi, a federally regulated exchange, led the pack with a 6% increase, currently accounting for approximately 89% of the US prediction market's trading volume, far exceeding Polymarket's 7% and Crypto.com's 4%. Kalshi operates under the regulation of the Commodity Futures Trading Commission (CFTC), classifying its political and sporting event outcome contracts as financial derivatives. Meanwhile, Nevada and Massachusetts have obtained preliminary injunctions against Kalshi, while New Jersey lost its appeal. The CFTC has sued several states, arguing that federal law takes precedence over state gambling regulations.