Weekly notional trading volume of cryptocurrency prediction markets reached 2700000000 USD a new high
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AT A GLANCE
Weekly notional trading volume of cryptocurrency contracts on Kalshi and Polymarket reached 2700000000 USD, a record high.
Article
Weekly trading volume in cryptocurrency prediction markets hits 2700000000 USD a new high
PANews October 24 reported, citing Bloomberg, that according to user statistics on Dune Analytics, the weekly notional trading volume of cryptocurrency-related event contracts on Kalshi and Polymarket last week reached 2700000000 USD, a record high. Trading volume mainly came from “up/down” contracts, with traders betting on whether assets such as Bitcoin would rise or fall by the end of periods ranging from 5 minutes to the close of the day, while Kalshi’s 15-minute Bitcoin contracts can exceed 1000000 USD in trading volume per contract. Cryptocurrency is currently the second-largest category on both platforms, behind sports.Coinbase、Crypto.com、Gemini, and Kraken have obtained relevant U.S. licenses, while Blockchain.com has submitted an application. Meanwhile, daily spot trading volume on centralized exchanges fell to approximately 33000000000 USD, this year 1 to 2...
According to Bloomberg reports and Dune Analytics user statistics, the weekly notional trading volume of cryptocurrency-related event contracts on Kalshi and Polymarket last week reached 2700000000 USD。
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Trading volume mainly came from “up/down” contracts, covering periods from 5 minutes to the close of the day.
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Kalshi’s 15-minute Bitcoin contracts can exceed 1000000 USD。
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Cryptocurrency is currently the second-largest category on both platforms, behind sports.
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Coinbase、Crypto.com、Gemini, and Kraken have obtained relevant U.S. licenses, while Blockchain.com has submitted an application.
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Daily spot trading volume on centralized exchanges fell to approximately 33000000000 USD; the subsequent content of the original text is truncated.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Prediction market contracts allow traders to bet on whether an event will occur. Here, 2700000000 USD refers to the weekly notional trading volume of the contracts; it is not equivalent to the amount of spot-market purchases and does not represent the direction of Bitcoin’s price.
Why it matters to readers
The data show that participation in cryptocurrency-related prediction contracts on Kalshi and Polymarket has increased, and involve the platforms’ category rankings and progress on U.S. licensing.
This message reflects trading activity in prediction markets, not a signal that Bitcoin will necessarily rise or fall.
Risks and unknowns
The main text is a media paraphrase and truncated summary; it does not provide the original Dune Analytics data page.
2700000000 USD The specific contract composition, platform-level breakdown, and statistical methodology for
“This year 1 to 2……” the subsequent spot trading volume information is incomplete.
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Related concepts
Prediction Markets
An application scenario involving trading or betting on the outcomes of future events, whose settlement rules may serve as an exploitation point for a design flaw attack.
