Kalshi and Polymarket had a transaction volume of $53 billion in July, and the US court is currently reviewing whether their business nature belongs to derivatives or gambling (source: Forbes).
The predicted market trading volume for the third quarter of 2026 is $188 billion, a month on month increase of nearly 70%, which is 21 times higher than the third quarter of 2025. Kalshi is the main driving force for growth, with sports transactions accounting for approximately 40% of its Q3 trading volume.
