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00:02Kalsher reported more than $1 billion in trading volume on Super Bowl Sunday,
00:07marking a daily record, according to CNBC. The company said volume rose 2,700% year over year.
00:14Kalsher allows users to trade event contracts tied to outcomes in politics,
00:18pop culture, financial markets, and sports. CEO Tarek Mansoor told CNBC that Kalsher became
00:24the Super Bowl's biggest brand without buying an ad because its product drove extraordinary
00:29user engagement over the weekend. Trading on halftime performer Bad Bunny's opening song
00:34exceeded $100 million, while contracts on guest performers topped $45 million.
00:40The platform experienced delays processing some deposits during the game due to high traffic.
00:45Kalsher said it has expanded surveillance and enforcement efforts, completed 200 investigations
00:50over the past year, frozen accounts, and referred some cases to law enforcement.
00:54For all things money, visit Benzinga.com.
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