Kalshi and Polymarket recorded nearly $10 billion in trading volume in November 2025, marking a significant milestone in prediction markets’ growth.
This development highlights robust market interest and the potential for prediction platforms to impact traditional finance, driven by increased user engagement and institutional support.
Kalshi and Polymarket achieve $10 billion trading volume in November, marking a significant milestone in prediction markets.
Kalshi and Polymarket achieved a record $10 billion in trading volume in November 2025. This milestone follows a previous record of $7.4 billion in October, highlighting significant growth in the regulated prediction market space.
Kalshi and Polymarket Surpass $10 Billion in Trades
Kalshi, founded by Tarek Mansour and Erik Ostergard, focuses on regulated prediction markets. Polymarket, led by Shayne Coplan, recently relaunched in the U.S. after regulatory challenges. Both firms recorded significant volumes, showcasing the viability of prediction markets.
“Innovation in regulated prediction markets is key to our growth; we’re excited about the record volumes we’ve achieved in October.” – Tarek Mansour, CEO, Kalshi
New Partnerships and Tokens Threaten Market Norms
Kalshi’s partnership with Robinhood and Polymarket’s POLY token announcement could redefine market dynamics. Institutional backing from Intercontinental Exchange and Andreessen Horowitz enhances credibility. User growth in sports and crypto betting is driving the return to mainstream finance.
Financial experts perceive potential growth due to evolving CFTC regulations. November’s trading volumes reflect renewed confidence in prediction markets, underpinned by institutional support. Analysts expect long-term value as Polymarket’s POLY token may influence liquidity and staking activities.
2024 Election Fever Drives Prediction Market Boom
Prediction market activity peaked during the 2024 U.S. presidential election with $4 billion in trades. November 2025’s volume exceeded previous highs, mainly driven by increased interest in sports and crypto betting, signifying market maturation.
According to industry insights, upcoming launches and regulatory changes could sustain growth. Experts suggest Kalshi and Polymarket’s records underscore the rising institutional interest and validate the prediction market model for mainstream adoption.
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