Prediction markets recorded $123 billion in trading volume in October, their highest monthly total on record and a 57.5% increase from September. Volume more than doubled from August.
Why it matters
Sports markets generated $26 billion in trading volume, while crypto markets accounted for approximately $14 billion. Political markets exceeded $800 million, up 43% month over month as the November 3 US midterms approached.
Market impact
Kalshi led across all categories except politics. The figures point to growth across distinct event markets, with sports and crypto accounting for substantially more trading than politics.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJa7mrtrStvzbUQQZyVp541tuhhqkNLAAL-H2sbMoRxS2DT3uCwTLR3AQADAgADeQADPQQ?sig=deGSp7e8BY-pPP7dtUGYnlB0mIGxBfRWNnA1F4nAJWo)
Frequently asked questions
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How quickly did prediction market volume grow in October?
Trading volume rose 57.5% from September and more than doubled from August.
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How much trading did sports prediction markets generate?
Sports markets generated $26 billion in trading volume in October.
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How much volume came from crypto prediction markets?
Crypto markets reached approximately $14 billion in October trading volume.
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How did political market volume change ahead of the US midterms?
Political market volume exceeded $800 million, up 43% month over month ahead of the November 3 US midterms.
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Which prediction market categories did Kalshi lead?
Kalshi led across all categories except politics.
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