Prediction markets smash US weekend trading record
US prediction markets generated a record US$10.4 billion in notional trading volume at the weekend, according to figures collated by TickerTracker, an 11 per cent increase on the previous weekend.
Kalshi dominated with US$7.87 billion in event-contract volume, recording consecutive daily highs of US$3.91 billion on Saturday and US$3.96 billion on Sunday.
Combination contracts, known as combos, accounted for about 70 per cent of Kalshi’s turnover on both days, with some football products bundling hundreds of selections into a single contract.
TickerTracker identified one football combination containing 453 legs over the weekend, while several others featured more than 250 selections, highlighting the growing complexity of prediction market offerings.
TickerTracker is an analytics platform that collates volume, market and event data across prediction markets for inudstry analysts.
Polymarket US generated US$1.18 billion in weekend volume, up 13.2 per cent on the previous weekend, followed by DkEx at US$391 million, Novig at US$332 million and Crypto.com subsidiary CDNA at US$316 million, while Underdog recorded US$196 million.
DefiRate separately estimated total weekend volume at about US$10.5 billion, including about US$7.9 billion for Kalshi and US$1.22 billion for Polymarket US, highlighting differences among providers tracking the expanding sector.
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