Crypto Prediction Markets Hit Record $2.7B Weekly Volume
Crypto prediction markets on Kalshi and Polymarket reached a new weekly volume record of $2.7 billion, driven by short-term Bitcoin bets.
Crypto prediction markets on Kalshi and Polymarket reached a new weekly volume record of $2.7 billion, driven by short-term Bitcoin bets. Bitcoin (BTC) is trading at $80,586.00. This is an original TLT brief synthesising 2 outlets (Blockonomi, Bitcoin.com), with their figures cross-checked, plus live market data, as of Sat, 24 Oct 2026 10:45:03 UTC.
This record volume highlights growing interest in crypto derivatives and prediction markets, suggesting increased institutional and retail participation in betting on short-term crypto price movements.
- Crypto prediction markets reached $2.7B in weekly volume, a new record.
- Most bets focused on short-term Bitcoin price movements.
- Crypto ranked second to sports on both Kalshi and Polymarket.
- Polymarket's TVL rose 6.1% to $374.41M over the past week.
Blockonomi and Bitcoin.com both report that crypto prediction markets on Kalshi and Polymarket reached a record $2.7 billion in weekly notional volume, with most bets focused on short-term Bitcoin price movements. However, while both outlets highlight crypto's second-place ranking to sports on these platforms, neither provides a detailed breakdown of volume by asset, venue, or contract type. Bitcoin.com emphasizes the role of short-term Bitcoin bets more explicitly, while Blockonomi mentions Coinbase's event-contract product without providing specific details.
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- Crypto Prediction Markets Hit Record $2.7B Weekly Volume — this brief
Crypto prediction markets on Kalshi and Polymarket have achieved a new milestone, reaching a record $2.7 billion in weekly notional volume. This surge in activity was primarily driven by short-term bets on the future price movements of 
Bitcoin and other cryptocurrencies.
According to multiple outlets, crypto ranked as the second most popular category on both platforms, behind sports. However, the exact breakdown of volume by asset, venue, or contract type was not provided in the reports.
The figures are corroborated by both Blockonomi and Bitcoin.com, which highlight the growing interest in crypto derivatives and prediction markets. Polymarket's total value locked (TVL) also saw a 6.1% increase over the past week, reaching $374.41 million, according to DeFiLlama.
This development comes amid a broader market context where the total crypto market cap stands at $2.76 trillion, with Bitcoin currently trading at $80,563, down 1.19% in the last 24 hours. The Fear & Greed Index remains at 51, indicating a neutral market sentiment.
The record volume in crypto prediction markets suggests increasing participation from both retail and institutional investors in betting on short-term crypto price movements. This trend may continue as more platforms offer similar products and as market volatility persists.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from $80,563.00 to $80,586.00 — +0.03%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦111.21M (about $80,586.00), down 1.3% over 24 hours. The naira itself trades about 3.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 24, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Crypto Prediction Markets Hit Record $2.7B Weekly Volume — questions & answers
What is the record weekly volume for crypto prediction markets?
The record weekly volume for crypto prediction markets is $2.7 billion.
Which platforms contributed to the record volume?
Kalshi and Polymarket are the platforms that contributed to the record volume.
What was the primary focus of the bets?
Most bets were on short-term Bitcoin price movements.
How much is 1 Bitcoin worth in naira today?
About ₦111.21M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $80,586.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi, Bitcoin.com, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.