Prediction Markets Reach Record $12B Volume in January

Weekly trade counts hit an all-time high as Polymarket and Kalshi reported sharp increases in activity despite a broader market slump.

Summary

Prediction markets set a new weekly trade record with 26.39 million trades, even amid overall market declines. Polymarket led with 13.34 million trades and $2 billion in volume, up 18.4%, while Kalshi followed with 11.88 million trades and $1.4 billion, up 8.5%. Smaller platforms including Opinion, predict.fun, and Probable reported varied updates and integrations, reflecting continued ecosystem expansion.

Terms & Concepts
  • Prediction Market: A platform where participants trade contracts based on the outcome of future events, with prices reflecting collective expectations.
  • Trading Volume: The total value of all trades executed over a specific time period on an exchange or market.