Kalshi produced its first-ever $4 billion notional volume day on Saturday and surpassed that milestone again on Sunday.
- Kalshi’s Saturday trading spiked 12.4% from the previous week.
- The reported operators generated $5.74 billion of notional volume on Sunday.
- Cowboys-Packers highlighted Week 6 trading in the NFL.
The popular trading exchange generated a record $4.4 billion in trades during college football’s busy Saturday, a 12.4% week-over-week increase, according to data tracked by Aldrin Research.
On Sunday’s Week 6 in the NFL, Kalshi’s notional trading volume surpassed $4.1 billion, up nearly 4% from the previous NFL-heavy day. Four teams had a bye, compared to two last week and none two weeks ago, leaving the NFL with two fewer games on Sunday.
Still, nine of the 11 reporting prediction markets combined to produce $5.74 billion in notional volume, a 3.6% week-over-week increase on Sunday. Robinhood, Crypto.com, and ProphetX had only reported partial data by Monday morning.
Increased volume
Operators produced $6.03 billion on Saturday, the highest amount ever recorded by Aldrin Research in a single day, leading to the first $11-billion weekend. Kalshi’s $8.51 billion across Saturday and Sunday accounted for 58.4% of all notional dollars, and the leading prediction market generated $1.89 billion in taker volume.
Polymarket’s U.S. division accounted for 10% and cleared $1 billion in notional volume over the weekend, with finalized trading figures from Sunday still pending. DraftKings Predictions finished third during the Oct. 17-18 stretch, generating $567.8 million, a nearly 46% increase from last weekend.
Crypto.com rounded out the top five and produced more than $288 million in partially reported notional trading volume. The operator’s Saturday volume of $195.8 million grew by 80% compared to Oct. 10.
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Sunday’s best
Sports made up $1.44 billion of all volume on Sunday, with $3.7 billion on combos dominating trading. Based on operators that had reported by Monday morning, the Cowboys-Packers primetime game drew $185.9 million in volume.
Kalshi reported $497.2 million in total NFL volume on Sunday, accounting for 62% of the more than $870 million traded so far reported on the sports league. That’s down from Kalshi’s $575 million in volume during the previous Sunday.
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The Cowboys-Packers reached $134.5 million on Kalshi. The early Sunday morning game featuring the Texans and Jaguars from London was third at $57.8 million on Kalshi behind Bills-Raiders ($59 million). Cardinals-Rams and Panthers-Eagles rounded out the operator’s top five.
Massive Saturday
Trading on NCAA games, excluding combos, was up a slight 1.8% from the previous Saturday. Multi-market trading accounted for more than $4 billion on the day.
Ohio State’s massive Big Ten win over Indiana highlighted trading with nearly $95 million in volume. Notre Dame-BYU was second at $92.7 million, while Nebraska-Oregon and Florida State-Miami both exceeded $67 million in trades.
Friday night lacked a marquee-enough game to set a weekend high, but Memphis-Tulane and Washington-Purdue produced more than $50 million each.
