Analyst: On-Chain Prediction Market Fees Likely Undervalued, Kalshi's $110 Million Revenue in Past 30 Days Probably Authentic

SmartContractAuditor · 2026-03-16T15:28:25+00:00

Crypto analyst Dash analyzed the prediction market revenue rankings released by Parity on the X platform, believing that Kalshi's data is credible, with fees of approximately $118 million and a 30-day notional trading volume of $11 billion. He also pointed out that on-chain prediction market fees are underestimated, with actual fees being higher when considering share-based pricing.

SmartContractAuditor

2026-03-16 15:28:25

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Odaily Planet Daily reports that regarding Parity’s previous forecast market revenue rankings, crypto analyst dash posted on X platform stating that Kalshi’s data is likely accurate. Based on their fee structure and publicly available taker trades, their fees amount to approximately $118 million. If traded through Robinhood, a nominal 1% estimate is fairly accurate, with Kalshi’s nominal trading volume over the past 30 days reaching $11 billion.

Additionally, on-chain prediction market fees are likely underestimated. Currently, platforms like DefiLlama mainly count USD or stablecoin fees, ignoring fees calculated based on shares. After including this fee component, the actual fees for platforms like Polymarket, predict.fun, and Limitless will be higher, with predict.fun about 40% higher and Polymarket approximately 80% higher.

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