📉 Trading volume for Kalshi and Polymarket in August fell 14.5% to $45.33 billion.
This is the first drop after the record $50.59 billion in July. The main reason is that the FIFA World Cup ended (6/11–7/19), cooling off the sports betting segment. Even so, Kalshi still surpassed the $10 billion weekly volume milestone, reaching $10.17 billion by 8/30.
Why is this noteworthy?
More than 88% of Kalshi’s recent activity comes from sports, indicating that the growth of the prediction market is heavily dependent on major events.
Put simply:
With the World Cup over, the betting frenzy dies down—but the main platform foundation remains solid.
#CryptoExchange #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Do your own research before making any decision (DYOR).
This is the first drop after the record $50.59 billion in July. The main reason is that the FIFA World Cup ended (6/11–7/19), cooling off the sports betting segment. Even so, Kalshi still surpassed the $10 billion weekly volume milestone, reaching $10.17 billion by 8/30.
Why is this noteworthy?
More than 88% of Kalshi’s recent activity comes from sports, indicating that the growth of the prediction market is heavily dependent on major events.
Put simply:
With the World Cup over, the betting frenzy dies down—but the main platform foundation remains solid.
#CryptoExchange #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Do your own research before making any decision (DYOR).