Aiming to keep user interaction high after the presidential elections on November 5, Kalshi added more betting markets.

These new markets include bets on outcomes such as what kind of team President-elect Donald Trump will form in his administration and whether he will be impeached during his term.

By launching these markets, Kalshi attracted intense interest from punters ahead of the elections. According to Cointelegraph’s analysis, as of November 5 election day, the betting volume on the presidential race approached 4 billion dollars.

Web3-based Polymarket became the most preferred platform in betting on the presidential elections with a volume of 3.3 billion dollars.

However, Kalshi quickly gained popularity by launching conventions on political events in October. Kalshi’s betting contract for the US presidential election reached a transaction volume of more than $250 million as of November 5.

On October 28, Kalshi started accepting investments in USD Coin (USDC), aiming to attract cryptocurrency-focused users to the platform. This new payment option for crypto users has enabled the platform to reach more users.

Kalshi also added bets on elections outside the United States. These bets include the 2025 elections in Canada and Ireland. Kalshi received permission to launch these new markets with the lawsuit it won against the CFTC in September 2023.

This case marked the first instance in which an election prediction market was allowed to operate in the United States. Kalshi’s victory allowed other competing platforms to operate in this space.

Kalshi’s election betting contracts have become an important tool for keeping his finger on the pulse of politics and public opinion. The platform’s past successes have reinforced punters’ belief that it more accurately reflects public sentiment.

Although the CFTC criticized Kalshi’s success in the case and the decision that allowed the platform to make election predictions, industry analysts state that prediction markets provide more accurate results than traditional polls.

The odds on Trump’s chances of winning were consistently positive. On November 5, Trump’s odds of winning on Kalshi were around 58%, which was significantly higher before election day closed. Following the election results, Harris left the presidential race to Trump, while Kalshi’s bets resulted in correct predictions.

In addition, major financial platforms such as Robinhood and Interactive Brokers also made the move to launch election betting markets in October. This development allowed Kalshi to continue attracting competitors.

Kalshi and other platforms offering these new types of bets could play an important role in public opinion analysis of future elections. This can provide important data not only for users, but also for other groups looking to predict election results.

Kalshi’s betting contracts on political events offer a new platform that makes political predictions more accessible and accurate.

Kalshi’s election predictions are experiencing significant growth with large betting volumes and increasing interest, and these developments may lead to more betting platforms entering the similar space in the future.