Kalshi and Polymarket hit record $2.7 billion in weekly crypto volume
Crypto-related prediction market volume on Kalshi and Polymarket reached a record $2.7 billion in a single week, according to TradingView data published October 24. Bitcoin price bets drove most of the activity. The figure marks a new weekly high for the two CFTC-regulated platforms combined.
Demonstrates that crypto price speculation has become a major volume driver for regulated prediction markets, not just political events. Sustained crypto inflows could push both platforms to build more robust digital-asset contract infrastructure.
Phantom's wallet integration and the $53 billion July volume milestone show crypto infrastructure and trading flow are now Kalshi and Polymarket's twin growth engines, even as state attorneys general in Maryland, Ohio, and Tennessee strip federal preemption shields and Utah adds market maker Susquehanna as a defendant.