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.
