Prediction Market Interest Hits Record $1.2 Billion Amid Regulatory Concerns

Clear Street is set to clear its first Kalshi trade later this month, marking a significant milestone as weekly prediction market open interest reaches a record $1.2 billion. According to NS3.AI, Marex is also gearing up to provide access as hedge funds increasingly seek exposure to event contracts. Meanwhile, U.S. lawmakers are in the process of drafting legislation that could impose restrictions on certain aspects of the sector, potentially creating a regulatory overhang that may impact expansion efforts through 2026.