Polymarket hits record volume as World Cup trading surges on opening day
Artemis data showed Polymarket reached an $818.4 million daily high on June 10, while the platform said World Cup markets processed $118 million on opening day and SPCX-related activity added to broader trading interest.
Polymarket recorded a daily spot-volume high of $818.4 million on June 10, according to Artemis, with 2026 FIFA World Cup markets the main driver and SPCX-linked trading adding further activity. Polymarket separately said it processed $118 million in World Cup markets on opening day, after average daily World Cup-related volume topped $20 million in May and exceeded $40 million in the days before the tournament. Before kickoff, Polymarket and Kalshi had combined for more than $2 billion in volume across World Cup winner markets, while Polymarket’s own champion contract rose from more than $1.9 billion to about $2.1 billion. Around SPCX, market-data and on-chain reports pointed to heavy speculative positioning and rising derivatives activity, though some figures reflected different snapshots rather than a single reconciled exposure total.
- prediction market: A trading venue where participants buy and sell contracts tied to the outcome of future events.
- open interest: The total value of outstanding derivatives positions or contracts.
- liquidation price: The price level at which a leveraged position may be forcibly closed.