Wu Shuo has learned that CryptoRank data show prediction market trading volume reached a record $188 billion in the third quarter of 2026, up nearly 70% quarter over quarter and about 21 times higher than in the third quarter of 2025. CryptoRank said Kalshi was the main driver of this growth, with sports markets accounting for around 40% of its Q3 trading volume. Earlier CryptoRank data showed that Kalshi had gained market share across multiple prediction market categories, while Polymarket continued to hold a strong advantage in political markets.