Kalshi and Polymarket Reach Record $10 Billion Combined November Volume
Kalshi’s $5.8 billion and Polymarket’s $3.74 billion November volumes reflect significant month-on-month growth, driving combined prediction market activity close to $10 billion.
Summary
Kalshi recorded $5.8 billion in trading volume in November, a 32% increase from October, while Polymarket reached $3.74 billion, up 23.8%. This brings their combined monthly volume to approximately $9.54 billion, indicating substantial growth and heightened user engagement across blockchain-powered prediction markets.
Terms & Concepts
- Prediction market: A platform where participants trade contracts based on the outcomes of future events, often using blockchain for transparency.
- Polymarket: A blockchain-based prediction market allowing users to trade on real-world event outcomes using cryptocurrency.
- Kalshi: A regulated U.S. prediction market platform where participants can buy and sell event contracts.