Moomoo logs 100M prediction market contracts traded in three weeks
Moomoo reported that 100 million prediction market contracts traded on its platform in a three-week period. The contracts are offered by Moomoo Financial Inc., a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC). Moomoo separately launched Moomoo Engine, a unified platform for research, options analysis, and trade execution, with event contract availability varying by U.S. state.
This volume figure puts Moomoo in direct conversation with Kalshi and Polymarket at a moment when those incumbents are stress-testing sportsbook-scale flows. Moomoo's CFTC registration through its futures commission merchant status gives it the same federal footing as established venues, but its broker-dealer retail base offers a different acquisition funnel.
The three-week pace signals that Moomoo is not merely experimenting with event contracts; it is allocating platform real estate and user onboarding to them. If the retention rate holds, Moomoo becomes a genuine share-taker in the regulated tier rather than a niche appendage. Kalshi's $40 billion valuation pitch and Polymarket's institutional push both assume continued dominance of the CFTC-registered layer; a third retail venue hitting nine-figure weekly prints breaks that assumption.
Moomoo's volume entry joins a month in which Kalshi and Polymarket combined for $45 billion in June flows and the World Cup alone drove $2 billion in bets, as CFTC-registered venues race to prove event contracts can handle sportsbook-scale traffic without liquidity breakdowns.