World Cup prediction market volumes soar to record highs

Prediction market volumes have reached record highs, driven by the expanded FIFA World Cup. Data from DefiLlama indicates that Kalshi achieved a record trading volume in June due to this surge. This rapid growth in activity underscores an urgent requirement for updated regulatory frameworks to effectively manage the expansion and maintain overall market integrity as these platforms continue to scale during major global sporting events, ensuring stability amidst the unprecedented increase in trading activity.