Kalshi’s latest weekend notional trading volume dipped 6.2% compared to the previous period.
- Kalshi accounted for 74% of all trading on Saturday and Sunday.
- The operator’s Saturday week-over-week volume was down 9.5%
- Eagles-Commanders was the most-traded game of the weekend at Kalshi.
The popular prediction market accounted for 74% of the total volume reported to Aldrin Research on Monday, but its Saturday-Sunday $9.44-billion total was down from $10.06 billion last weekend.
Sports accounted for $846.5 million on Saturday, with combos trading reaching $3.54 billion for the operator. Sunday’s combo volume of $3.37 billion was down from $3.49 billion the previous week. Sports took a 2.7% week-over-week dip during NFL Sunday in Week 8, and Kalshi’s overall trading for Saturday was down a more significant 9.6% from the previous week.
Last weekend, overall notional volume surpassed $14 billion, an all-time high. With 10 out of the 11 operators in, and Polymarket’s U.S. division reporting partial volume, Saturday-Sunday trading hasn’t reached $13 billion.
Falling off
After multiple weeks of steady growth reported by prediction market operators, Kalshi wasn’t the only one with week-over-week decreases. DraftKings Predictions had the third-highest notional volume on Sunday but experienced an 8.5% decline from $397 million the previous week to $363 million.
Novig’s volume, ranked fifth on Sunday, fell by 3.3% from $208 million to $201 million, while Underdog dipped by just 0.3% from $144.6 million to $144.2 million.
Polymarket U.S. accounted for 10% of all reported volume on Saturday, but its $669.3 million in notional volume was down 17.5% from the previous week. DraftKings Predictions ($286 million to $247 million) fell by nearly 14%, and Crypto.com ($184 million to $201 million) was the only operator to see a week-over-week increase.
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Primetime stays on top
Kalshi accounted for $457.1 million on single NFL games for Sunday, 60% of the reported volume.
As usual, the Sunday night primetime spot commanded the most attention. Kalshi reported $96.2 million in volume on Philadelphia-Washington. The NFL’s late window was dominated by Kansas City-Denver reaching $75.6 million. New England-Miami generated $41.1 million, while the L.A. battle between the Chargers and Rams surpassed $32 million at Kalshi.
Arizona-Dallas reached $44 million, while Baltimore-Buffalo was one of four other games to go over $30 million each. L.A. Lakers-Toronto was Kalshi’s most-traded non-football game on Sunday with $14.4 million, while Liverpool-Arsenal dominated soccer with $13.2 million at the operator.
College football dominates
College football generated $739.5 million on Saturday, which was down from $752.8 million the previous week. Gemini was the only operator to have not reported Saturday figures.
Ohio State-USC owned Saturday’s heavy college football and NBA slate, leading all single games with more than $36 million in volume at Kalshi. Minnesota-Indiana also reached $30 million, while games that generated at least $15 million in volume included Miami-UNC, Texas State-Boise State, Oregon State-Fresno State, Florida-Georgia, Arizona-Texas Tech, Notre Dame-Navy, and Northwestern-Oregon.
Philadelphia-Charlotte was not only the top-traded NBA game of the day, but it generated more volume than all but four college football games.
