We’re excited to announce that Kalshi, the first regulated exchange & currently the largest prediction market globally, is now available on Dune.
This integration is directly managed by the Dune team in collaboration with Kalshi, ensuring that all data is fresh, verified, and always up-to-date — a first for Dune’s prediction-market coverage.
“We're excited about making Kalshi data more open and accessible with Dune, in line with our mission of evolving from an app to a developer platform. Dune charts have been vital in increasing the visibility and shareability of our exchange data.”
— John Wang, Head of Crypto, Kalshi
About Kalshi
Founded in 2018 and part of Y Combinator’s Winter ‘19 batch, Kalshi is the first U.S. exchange fully approved by the CFTC to offer trading on real-world events.
It operates using a Central Limit Order Book (CLOB) for order matching and settles internally based on verifiable data sources such as government reports — enabling a regulated, transparent foundation for both retail and institutional participation.
Over the years, Kalshi has achieved key milestones that position it as the regulatory bridge between traditional finance and crypto prediction markets:
- 2024: Won a landmark federal court ruling allowing Kalshi to legally list U.S. election contracts, establishing the regulatory precedent for event-based financial instruments in the U.S.
- 2025: Partnered with the NHL to power official prediction markets and integrated with Robinhood FCM, opening regulated event trading to millions of U.S. retail users.
- October 2025: Jupiter launched its prediction market product powered by Kalshi, tapping into Kalshi’s regulated liquidity, verified event data, and settlement infrastructure — enabling deeper, more efficient trading for sports and macro events.
- 2025: Launched KalshiEco Hub, connecting the exchange to Solana and Base, bridging regulated liquidity with onchain participation and enabling a hybrid crypto x TradFi prediction-market ecosystem.
Together, these moves are transforming Kalshi into a hybrid liquidity layer where regulated markets meet onchain composability — and now, Dune provides the analytics layer to explore it all.
Kalshi Data on Dune
This integration introduces two core tables, giving users access to the complete lifecycle of Kalshi markets and trades:
- Kalshi.market_report — Every listed event market, with details on category (politics, sports, economics, weather), market status, total volume, open interest, settlement reference, and more.
- kalshi.trade_report — Trade-level data across all markets, including timestamps, prices, sizes, and side indicators for granular analysis of liquidity, depth, and participant behavior.
Users can now:
- Analyze at the raw level — inspect every trade and market record for transparency and detailed event-level research.
- Build aggregated metrics — derive market-level KPIs such as listings by category, traded volume, liquidity depth, and price discovery patterns across time.
Together, these datasets make it possible to study Kalshi from both the micro and macro perspective, giving analysts a complete view of the sector’s evolution.
Resources
The data must flow
