World Cup Prediction Markets Surge to $2B as Traders Back Spain and France

BTCC / BTCC Square / Global Cryptocurrency /

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2026-06-08 18:40:02

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Prediction markets for the 2026 FIFA World Cup have exploded into a $2 billion trading phenomenon before the tournament's June 11 kickoff. Spain and France emerge as near-equal favorites, each commanding 16% implied win probabilities on Polymarket. England trails at 11%, followed by Portugal (10%) and defending champion Argentina (9%).

Kalshi's regulated US market mirrors this tight race, with Spain at 16.5% and France at 16.2%. The staggering trading volumes position this event as a watershed moment for prediction platforms challenging traditional sportsbooks. Polymarket alone has processed $2 billion in contracts, while Kalshi exceeds $100 million - unprecedented figures for non-traditional betting venues.

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