Odaily Planet Daily reports: Ahead of the World Cup final, the combined open interest on Kalshi and Polymarket decreased by 20% from its peak of approximately $2 billion in early July, falling from nearly $1.8 billion to about $1.5 billion. Kalshi’s sports betting volume dropped from a peak of around $9 billion during the week of July 5 to approximately $4 billion, while Polymarket’s volume declined from about $2.3 billion to $740 million. During the World Cup, sports events accounted for approximately 80% of total trading volume on both platforms. Spain defeated Argentina 1-0 on Sunday to win their second World Cup title in history. A total of 194,000 addresses participated in trading on Polymarket’s World Cup champion market, with about two-thirds of them incurring losses.
Kalshi and Polymarket open interest drops 20% as World Cup enthusiasm wanes
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Summary
Open interest on Kalshi and Polymarket has dropped 20% since the July peak, falling from $18 billion to $15 billion. Kalshi’s sports betting volume declined from $90 billion to $40 billion, while Polymarket’s fell from $23 billion to $7.4 billion. During the World Cup, sports betting accounted for 80% of total trading volume. Spain defeated Argentina 1-0 on Sunday to win its second World Cup title. Polymarket’s World Cup market attracted 194,000 addresses, with approximately two-thirds losing money. Rising interest rates may have contributed to the decline in speculative activity.
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