Kalshi June Trading Volume Hits Record $9.4 Billion on World Cup Boost
Summary
- Cointelegraph, citing DefiLlama data, reported that Kalshi's June trading volume hit a record high of about $9.4 billion.
- Dune Analytics data showed that nominal trading volume at both Kalshi and Polymarket reached record highs, and CNBC reported that the FIFA World Cup drove the increase in prediction-market trading.
- Trading was concentrated in match-by-match prediction markets, with the Canada-Morocco round-of-16 market generating more than $48 million on Kalshi and more than $26.8 million on Polymarket.
Forecast Trend Report by Period
US prediction-market platform Kalshi posted a record monthly trading volume in June, lifted by the World Cup.
Cointelegraph, citing DefiLlama data, reported on July 5 that Kalshi's June trading volume reached about $9.4 billion. That was a 77% increase from about $5.3 billion in May. Polymarket's volume also increased over the same period, rising from about $3.5 billion to $4.3 billion.
The FIFA World Cup underway in North America appears to have driven the increase in prediction-market trading. CNBC reported that the tournament was the biggest factor behind June activity. Data from Dune Analytics also showed that nominal trading volume at both Kalshi and Polymarket hit record highs.
Trading was especially concentrated in match outcome markets as the tournament gathered pace. The Canada-Morocco round-of-16 prediction market generated more than $48 million on Kalshi and more than $26.8 million on Polymarket. The US round-of-16 market had also generated more than $2.1 million and $1.6 million in trading, respectively.
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