Kalshi Prediction Market Hits Record Trading Volumes in October
Kalshi, the primary competitor to Polymarket, achieved unprecedented trading volumes in October, surpassing $4.39 billion. The platform's growth was fueled by sports betting and broader interest in prediction markets, which collectively exceeded $1 billion in monthly activity.
Peak activity occurred in late October, with Kalshi nearing $1 billion in notional volumes during its strongest week. The platform's expansion reflects heightened engagement with current events, though its predictive accuracy faced scrutiny after miscalculating Dutch election results alongside Polymarket.
Kalshi's success stems from its accessibility to Web2 users through integrations like Robinhood, contrasting with Polymarket's reliance on crypto-native infrastructure. While Polymarket requires wallet ownership, Kalshi's frictionless onboarding positions it for mainstream adoption despite recent marketing challenges.
