TLDR Kalshi’s 15-minute markets, mostly crypto, earned $20.4 million in fees in the seven days to October 5. These markets made up about 80% of Kalshi’s non-sports fees over that period. Daily fees from 15-minute crypto markets rose from under $10,000 in January to $2.9 million on one Friday. Kalshi’s total 2026 fee revenue has reached $2.04 billion, with non-sports events making up 19.2%. Critics compare the markets to slot machines, while Kalshi says they show real price discovery.
Kalshi’s fee revenue from non-sports contracts is on track to top $100 million this month. Most of that growth is coming from one product: 15-minute cryptocurrency markets.
Over the seven days up to October 5, Kalshi’s 15-minute markets brought in $20.4 million in fees, according to InGame. That is about 80% of the company’s non-sports fees for the period.
The 15-minute group also includes newer commodity and financial index markets. The weekly total works out to about $1 billion in yearly revenue if it continues at the same pace.
Non-Sports Fees Grow Faster Than Sports
Kalshi has collected $2.04 billion in fees so far in 2026. Sports still make up most of that total.
Non-sports events account for 19.2% of fee revenue this year, up from 11% in 2025. In September, non-sports fees made up more than 25% of the total.
Non-sports fees hit a record $4.1 million on a single day last Friday. They came just short of $100 million over the last 30 days.
Even without more growth, Kalshi is likely to pass $700 million in non-sports fees this year. That would be a 24-fold increase from 2025.
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