Kalshi Unveils AI Agent as World Cup Bets Drive Record Trading Volume

Boluwatife Adeyemi
Boluwatife Adeyemi

Boluwatife Adeyemi

Senior Journalist
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
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Highlights

  • Kalshi has launched an AI agent known internally as Harrison.
  • The AI agent helps handle internal processes.
  • Kalshi's trading volume reached a record high on the back of World Cup bets.

Crypto prediction market platform Kalshi has unveiled its AI agent, which handles internal processes for the firm. This comes as World Cup bets drive the platform’s trading volume to a record high above $5 billion.

Prediction Market Platform Kalshi Launches AI Agent ‘Harrison’

According to a Bloomberg report, the firm has developed an AI agent, known as Harrison, to help deal with a number of internal processes. The agent will help the platform handle the wagers it processes daily, including its elections, sports, and awards bets, Kalshi’s co-founder, Luana Lopes Lara, revealed.

The agent will reportedly perform daily tasks such as aggregating top news, analyzing what competitors are offering, and making recommendations on what the platform should list next or where to focus rewards for users adding liquidity.

“We actually have an AI engineer in the markets team, where the AI is battle-testing the entire certification — finding out if you go in this direction, maybe there’s a hole here, and all of that,” Lopes Lara said. This comes as prediction markets face scrutiny, including from state regulators, over claims that Kalshi and Polymarket are operating unlicensed gambling platforms.

Meanwhile, as CoinGape reported, the U.S. CFTC has proposed new prediction market rules for these prediction market platforms. At the same time, the regulator is also defending these platforms against the state regulators in court.

World Cup Bets Drive Trading Volume To Record Highs

The Bloomberg report also revealed that World Cup bets are driving Kalshi’s trading volume to record highs. The demand for wagers on the largest sporting event, the NBA Finals, is said to have sparked a record month in May, with nearly $18 billion in notional trading volume, according to Dune Analytics data.

Furthermore, Kalshi reportedly broke its weekly record with $5.1 billion in volume in the first week of the World Cup this month. Another top crypto prediction markets platform, Polymarket, is also seeing demand for its sports markets, especially with the ongoing World Cup.

DefiLlama data shows that Polymarket currently ranks among other crypto protocols in terms of fees generated over the last 24 hours and 7 days. The platform generated $1.46 million and $7.17 million during these periods, respectively.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.