Analyst: On-chain Prediction Market Fees Are Underestimated, Kalshi's $110 Million Revenue in the Past 30 Days Is Highly Likely True

Odaily According to the prediction market revenue ranking previously released by Parity, crypto analyst dash posted on platform X stating that Kalshi's data is highly likely to be accurate. Based on its fee structure and publicly available taker transactions, its fees are approximately $118 million. If trading through Robinhood, the 1% estimate of the nominal amount is relatively accurate, with Kalshi's nominal trading volume over the past 30 days being $11 billion.

Furthermore, the fees for on-chain prediction markets are underestimated. Currently, platforms like DefiLlama primarily count fees in USD or stablecoins, overlooking fees priced in shares. After including this portion of fees, the actual fees for platforms such as Polymarket, predict.fun, and Limitless will be higher, with Predict.fun being about 40% higher and Polymarket about 80% higher.