Kalshi’s annualized institutional trading volume recently reached $178 billion after rising roughly 800% over six months in 2026, according to Head of Institutional Andy Ross. Ross said prediction exchanges welcome profitable traders because informed participation improves market pricing, contrasting them with sportsbooks that may restrict consistently winning bettors to protect margins. He described Kalshi as an order-book marketplace more like a commodity exchange than a sportsbook and said its pricing could help fill an information gap as Kevin Warsh provides less forward guidance than Jerome Powell did as Federal Reserve chair. Users most often request a market on whether a partner will seek a divorce, while institutions focus on economic and policy events.