Kalshi and Polymarket hit record $2.7 billion in weekly crypto volume

Bitcoin Bettors Push Kalshi and Polymarket to a Record $2.7B Week

Crypto contracts on Kalshi and Polymarket hit a record $2.7 billion in weekly volume, driven mostly by short-term bets on where bitcoin heads next. What Set the Record Exactly? Weekly notional volume in crypto-related contracts on Kalshi and Polymarket reached a record $2.7 billion, with most of that money going into short-term bets on bitcoin […]

Crypto Prediction Markets Set New $2.7B Weekly Volume Record

TLDR: Crypto prediction markets on Kalshi and Polymarket reached a record $2.7 billion in weekly notional volume, largely from short-term Bitcoin and other crypto price contracts. Bloomberg reported that crypto ranked second to sports on both platforms, although the report did not break down volume by asset, venue, or contract. Coinbase’s event-contract product is operated [...]

Crypto prediction markets hit record $2.7B weekly volume

the breakdown Market briefing: Weekly crypto prediction market volume on Kalshi and Polymarket just hit a record $2.7 billion, led by Bitcoin bets. BTC traded near $80,804 as the records printed. Crypto prediction markets set a record $2.7 billion in weekly notional volume Bitcoin price bets led the surge as BTC traded near $80,804 Spot ETFs swung to net outflows, splitting retail speculation from institutional flow Crypto prediction markets j…

Kalshi and Polymarket hit record $2.7 billion in weekly crypto volume

The surge in crypto prediction market volume highlights a shift towards short-term speculative trading, impacting traditional trading dynamics.