Polymarket and Kalshi Drive $2B Weekly Volume
Weekly prediction market volume surged to a record $2 billion, led by Polymarket and Kalshi. Polymarket posted $1.1 billion, while Kalshi reached $1.05 billion in weekly volume. This prediction market rally reflects growing interest in crypto event betting and macro derivatives—from US Federal Reserve rate decisions to Ethereum price forecasts. Regulatory progress, including CFTC no-action letters, and expanded US access have drawn both retail and institutional traders. Polymarket’s decentralized platform and Kalshi’s CFTC-regulated exchange have boosted liquidity and deepened order books, improving market efficiency. Recent funding valued Polymarket at $9 billion after ICE’s $2 billion investment, and Kalshi at $5 billion post a $300 million Series D led by a16z and Sequoia. Niche platforms Limitless and Myriad also saw volume gains as industry forecasts predict growth to $95.5 billion by 2035. Traders view these trends as bullish catalysts for related tokens and crypto derivatives innovation.
Bullish
Record-breaking volume highlights rising demand and liquidity in prediction markets, signaling robust trader interest and speculative inflows. Polymarket and Kalshi’s strengthened platforms and US regulatory approvals reduce execution risks and attract institutional capital. In the short term, increased trading activity and deeper order books may drive token prices higher as market participants seek exposure to crypto derivatives. Over the long term, sustained funding, platform valuations, and projected industry expansion to $95.5 billion by 2035 suggest structural growth and innovation, supporting a bullish outlook for tokens associated with these platforms and the broader derivatives market.