Prediction Market Volume Hits $68B in a Month as Sportsbook Stocks Sink
- —Sports and combo volume rose from $39.74 billion to $68.18 billion in 30 days
- —Combo contracts drove 82% of the gain, rising from $18.3 billion to $41.7 billion
- —Kalshi's share fell from 76.1% to 73.4%, and in combos from 93.5% to 83.9%
- —Polymarket U.S. grew 127% to $8.3 billion; DKeX jumped from $88.7 million to $1.9 billion
Why it matters: Prediction markets are siphoning volume from sportsbooks, and Kalshi is in talks to raise $1 billion at a $40 billion valuation.
Source: Bitcoin.com
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