Kalshi partner Dune paywalls parlay loss data behind $40,000 annual fee
Dune, an official data partner of regulated prediction exchange Kalshi, removed two Kalshi datasets from public view on May 15 and placed them behind a minimum $40,000 annual paywall. The company, which provides blockchain and prediction-market analytics tools, had previously offered free dashboards showing Kalshi trading activity including parlay loss rates. The shift to paid access came after reporting revealed the retail loss data. Dune's relationship with Kalshi is part of a formal partnership under which the firm supplies analytics services to the CFTC-registered exchange. The paywalled datasets covered parlay loss rates and broader trading activity on the platform.
The $40,000 paywall destroys the retail-transparency edge Kalshi held over Polymarket's opaque offshore books. Traders and journalists can no longer freely audit parlay loss rates, handing Polymarket's critics fresh ammunition in the liquidity race ahead of NFL season.
The paywall is the third Kalshi-linked move in four days alongside a fresh $1.2 billion Series F and a retail-ownership opening, underscoring how aggressively the platform is monetizing data and capital channels that Polymarket cannot replicate from its offshore base.