Markets· ★★★· bullish·

Prediction Markets Hit $9.4B Weekend Record as Kalshi Dominates

  • —Kalshi posted $7.13 billion over the weekend, including a Sunday record of $3.68 billion
  • —Polymarket US topped $1 billion, DraftKings Predictions hit about $372 million, Novig $286 million
  • —Football generated roughly $4 billion, with $3.1 billion from combo contracts
  • —The CFTC approved Kalshi's US500 perpetual futures contract on Oct. 3
Why it matters: Surging volumes and CFTC approval of perpetual futures sharpen competition between prediction markets and sportsbooks, drawing Wall Street attention.
Source: Blockonomi
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