Kalshi’s 15-minute crypto fees jump from under $10,000 a day to $2.9m

Kalshi’s non-sports fees are set to top $100m this month, with sports still the majority share.

The hit

Kalshi’s non-sports fee revenue is on track to top $100m this month, according to InGame, but it is not elections or Fed decisions driving it. Kalshi’s 15-minute markets, mostly crypto, brought in $20.4m in fees over the past seven days, around 80% of all non-sports fees.

Why it matters

For bettors & traders, this shows Kalshi’s growth beyond sports is concentrated in fast, near-50/50 crypto, commodity & finance bets rather than broader prediction markets on politics or culture. Gambling newsletter Earnings + More compared the format to in-play betting; a problem gambling counsellor likened it to slot machines. Kalshi says the contracts reflect real price discovery, not pure chance.

The record

Kalshi 2026 fee revenue (year to date)	$2.04bn (InGame)
Non-sports fees, last 7 days to 5 October	$25.1m, vs $73.5m in sports fees (InGame)
15-minute crypto fees, January 2026	Under $10,000 a day (InGame)
15-minute crypto fees, single Friday, last week	$2.9m in a single day (InGame)
Non-sports share of fee revenue	19.2% in 2026, up from 11% in 2025 (InGame)

What happens next

Watch Kalshi’s October non-sports fee total, expected to stay above September’s 25% share of all fees, & whether the swap definition used against sports contracts applies any differently to crypto markets.

Sources: Kalshi Non-Sports Revenue Surges — Thanks To 15-Minute Crypto

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