In accordance with ChainCatcher, prediction market platform Kalshi recorded a weekly trading volume of $2.3 billion for the week ending December 21, surpassing its competitor Polymarket's $1.2 billion by 92% and marking the first time it has exceeded $2 billion in a single week. The surge is linked to Kalshi's integration of the TRON network and support for TRX and USDT deposits and withdrawals. As of December 23, the platform's cumulative trading volume has surpassed $23.7 billion. Sports markets remain the largest category, with a single market predicting the winner of the American professional football championship exceeding $65.8 million in trading volume. Prediction markets have seen explosive growth over the past year, driven by the U.S. presidential election. While Polymarket was initially leading, Kalshi's activity has increased since September, with both platforms setting monthly trading volume records in November.
Kalshi Weekly Trading Volume Hits $2.3 Billion, Double That of Polymarket
KuCoinFlashShare
Summary
Kalshi’s weekly trading volume hit $2.3 billion for the week ending December 21, doubling Polymarket’s $1.2 billion. The platform’s transaction volume now exceeds $23.7 billion. Kalshi’s growth is tied to TRON integration and TRX/USDT support. Sports markets led with one event surpassing $65.8 million in trading volume. Both platforms set records in November as prediction markets expand.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.