Polymarket, Kalshi Push Prediction Market Volume to Record $50.6 Billion in July

Prediction market platforms Polymarket, Polymarket US, and Kalshi generated a combined $50.6 billion in trading volume during July, marking a record monthly high.

Polymarket US posted the strongest growth, with monthly volume climbing 54% to $5 billion. By contrast, trading volume on Polymarket declined 26% from the previous month to $7.9 billion.

According to market analysis, heightened activity around major sporting events, including the FIFA World Cup, was among the factors contributing to the surge in overall trading volume across the three platforms.

Source: The Block