[Kalshi's 15-Minute Gold Market Contracts Surpass Ethereum, September Fees Estimated at $5 Million] Odaily Planet Daily reports that prediction market platform Kalshi's 15-minute gold market recorded 542 million contracts traded in September, with estimated fees of approximately $5 million, surpassing Ethereum's market with 318 million contracts and $2.6 million in fees. Meanwhile, Bitcoin's market fees for the same period are estimated at $60.4 million. The gold contract was launched in August, allowing traders to bet on whether gold prices will rise or fall within 15 minutes. Kalshi stated that its commodity trading volume reached $400 million within seven months of launch, more than four times the trading volume of the crypto market during the same period. As of the seven days ending October 5, fees from 15-minute cryptocurrency, commodity, and financial markets totaled $20.4 million, accounting for 80% of the platform's non-sports-related fees. These markets contributed 13% of trading volume and 20% of fees. (Cointelegraph)
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