PANews reported on April 10 that, according to CoinDesk, a Bank of America report showed that weekly trading volume in the U.S. prediction market increased by 4% week-over-week. Kalshi, a federally regulated exchange, led the pack with a 6% increase, currently accounting for approximately 89% of the U.S. prediction market's trading volume, far exceeding Polymarket's 7% and Crypto.com's 4%.

Kalshi operates under the regulation of the U.S. Commodity Futures Trading Commission (CFTC), classifying its contracts for political and sporting event outcomes as financial derivatives. Meanwhile, Nevada and Massachusetts have obtained preliminary injunctions against Kalshi, while New Jersey lost on appeal. The CFTC has sued several states, arguing that federal law takes precedence over state betting regulations. The outcome of this legal battle will determine whether the prediction market operates nationwide under a unified federal framework or falls into a fragmented state-by-state structure, similar to online sports betting.