Prediction Markets Reach Record 26.39 Million Trades Despite Crypto Downturn

Dune Analytics reports that Polymarket led with $2B in trades and Kalshi ranked second with $1.4B, showing growth despite market weakness.

Summary

Dune Analytics data shows weekly prediction market trades reached an all-time high of 26.39 million, defying a broader market slump. Polymarket led with 13.34 million trades and $2 billion in volume, up 18.4% from the previous week. Kalshi followed with 11.88 million trades and $1.4 billion in volume, an 8.5% increase. Smaller platforms such as Opinion, predict.fun, and Probable reported varied updates and integrations, indicating diverse growth across the sector.

Terms & Concepts
  • Prediction Market: A decentralized platform where users trade contracts based on real-world events, effectively forecasting outcomes through market pricing.
  • Polymarket: A blockchain-based prediction market enabling users to bet on future events using stablecoins.
  • Dune Analytics: A blockchain analytics platform that aggregates and visualizes on-chain data for projects and protocols.