Kalshi Approaches Election Day After $65 Billion October…
By Karthik Subramanian
AI summary of the source article
Kalshi recorded an estimated $65 billion in total trading volume in October, up 10% from September. Cumulative activity on its election-related contracts reached nearly $1.1 billion ahead of the November 3 US midterm elections.
Why it matters
For the wider industry, "the distinction between election-driven interest and recurring demand across other contract categories will be central to assessing longer-term growth."
Key facts
- Kalshi generated approximately $65 billion in overall trading volume in October, up 10% from September's record.
- Election-related contracts on Kalshi reached nearly $1.1 billion in cumulative trading activity by late October.
- Competitor Polymarket US recorded roughly $10 billion in October month-to-date trading volume.
Source excerpt · FinanceFeeds
Kalshi is approaching the November 3 US midterm elections following a record month of trading, with October volume estimated at approximately $65 billion and cumulative activity on election-related contracts reaching nearly $1.1 billion by late October. The October figure, reported on October 29, represented an increase of approximately 10% from September's previous monthly record. Rival Polymarke…