Kalshi's Betting Volume Surpasses Las Vegas on Super Bowl

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Calhi's Record Trading Volume During the Super Bowl

This year's Super Bowl saw an astonishing amount of trading activity on the prediction market platform, Calhi, which reported significant transaction volumes. While not directly comparable to sports betting handles, Calhi's trading volume reached approximately $870 million on Super Bowl Sunday alone. This contrasts starkly with Nevada sports books, encompassing Las Vegas, which recorded a betting handle of about $133 million—their lowest performance in a decade.

Calhi's expansive market included bets not only on the game's outcome but extended to elements such as the Super Bowl halftime show and various event-related bets. Despite this expansive range, the total trading volume for Calhi still did not surpass the estimated $1.7 billion handled by regulated sports books. However, Calhi's growth is notable, increasing from $26 million last year as the platform continued to expand its offerings and reach.

The presence of Calhi was emphasized by a high-profile advertisement featuring their odds on the most expensive billboard on the Las Vegas Strip. The prediction market platform's visibility and accessibility have expanded, making it possible to place bets in states where it was previously impossible, specifically highlighting California and Texas as new markets. This development marks a significant moment for Calhi, as the platform aims to maintain its momentum in the changing sports calendar which includes upcoming events like the NBA and March Madness.