Sports Outpace Election Bets as Kalshi, Polymarket Hit $53 Billion

Kalshi and Polymarket reached $53 billion in combined July trading volume, but sports contracts powered the surge, underscoring how small election markets remained ahead of the U.S. midterms. Combined monthly volume more than doubled from $26 billion in May . The totals measure global notional taker volume, including Polymarket US. They count contracts at their $1 payout value rather than the prices traders paid, so the $53 billion figure does not represent cash spent. Sports contracts drove most of the increase.

Source: TokenPost