Trading volumes for prediction markets reached a record $701.7 million on Monday despite increased regulatory pressure in early 2026.
Prediction market Kalshi dominated activity, accounting for around two-thirds of total volume with $465.9 million in trades.
Competitors Polymarket and Opinion together recorded approximately $100 million worth of trades.
The $701.7 million figure surpassed the previous daily record of $666.6 million set the day before.
Prediction markets have seen rapid adoption as a crypto use case, attracting interest from exchanges and wallets.
Several crypto exchanges, including Coinbase and Gemini, are integrating or planning to integrate prediction market features.
Self-custody wallets such as MetaMask have also expanded access to prediction markets.
Record volumes have drawn attention from Wall Street, with platforms like Polymarket and Kalshi achieving multibillion-dollar valuations.
An anonymous Polymarket user’s profitable bet on a political event sparked renewed regulatory concerns about potential insider knowledge.
New York lawmakers are set to review legislation that could ban prediction markets linked to politics, sports and financial assets.