Key facts
- Kalshi and Polymarket experienced record trading volumes in June.
- Kalshi's trading volume reached nearly $9.4 billion in June.
- Kalshi's trading volume was $5.3 billion in May.
- Polymarket's trading volume reached approximately $4.3 billion in June.
- The trading volume surge is attributed to activity surrounding the expanded FIFA World Cup.
- The growth occurs amid ongoing legal and regulatory debates in the U.S. regarding prediction markets.
Kalshi and Polymarket, two prominent prediction markets, have reported record trading volumes for the month of June. Kalshi experienced a significant increase, with its trading volume reaching nearly $9.4 billion, a substantial rise from $5.3 billion in May. Polymarket also saw a surge, with its volume approximating $4.3 billion in June. These record figures are largely fueled by heightened user activity and interest surrounding the expanded FIFA World Cup. The growth in these platforms takes place against a backdrop of ongoing legal and regulatory debates within the United States concerning the operation and oversight of prediction markets. The precise nature of these regulatory discussions and their potential impact on platforms like Kalshi and Polymarket remains a key point of attention for the industry.