Prediction markets on pace to smash monthly volume record after $814 million day

Prediction markets achieved an all-time high of over $814 million in trading volume on Sunday, positioning the sector to surpass its previous monthly record, as total January volume already neared December's $11.5 billion total with days remaining. Kalshi remains the largest platform, followed by Polymarket, while newer entrant Opinion is gaining market share. This growth is also driving record revenue, with platform fees exceeding $2.7 million last week, and prediction markets' share of overall spot crypto trading surpassing 1% for the first time. Industry analysis suggests prediction markets have entered a "new phase" driven by platform growth and new market designs, though liquidity remains a constraint, even as major players like Coinbase and Goldman Sachs explore the space.

(Source：The Block)