Kalshi Holds 62% Share of the Global Prediction Market
Kalshi's Market Growth: Kalshi's share of the global prediction market has surged to 62.2%, with a monthly trading volume of $1.3 billion, significantly outpacing its competitor Polymarket. The platform's growth is attributed to its focus on sports markets, particularly with the NFL season kickoff.
Legal Challenges: Kalshi is facing multiple lawsuits from states like Maryland, Nevada, New Jersey, and Massachusetts, which argue that its operations resemble unregistered sports betting. The company defends itself by claiming it operates a federally-regulated marketplace, while Massachusetts has taken a strong stance against its sports contracts.
Innovation and Partnerships: Kalshi has launched the KalshiEco hub in partnership with Solana and Base to enhance prediction market infrastructure using blockchain technology. This initiative aims to combine Kalshi's regulatory expertise with advanced blockchain capabilities.
Investment Potential: Both Kalshi and Polymarket are exploring new funding opportunities, with Polymarket potentially valued at $9–$10 billion and Kalshi nearing a $5 billion valuation, indicating strong investor interest in the prediction market sector.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 30.854 | 49.177 | 70.044 | 88.367 | 109.234 | 127.557 | 148.424 |
| Fibonacci | 49.177 | 64.148 | 73.396 | 88.367 | 103.338 | 112.586 | 127.557 |
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