crypto / market structure
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CoinDesk · United States · Kalshi doubles to $22bn in five months and targets $40bn as prediction markets hit mainstream
Frames the Kalshi raise in the context of the broader prediction market boom: crypto-native rivals like Polymarket and Manifold are growing fast globally, but Kalshi's CFTC-regulated status gives US institutional clients a compliance path that crypto-native exchanges cannot offer.
“Kalshi's CFTC regulation gives US institutions a compliant prediction market that crypto exchanges cannot match.”