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Kalshi election trading surpasses 2024 benchmark with $729 million day

KuCoin, citing ChainThink and a November 5 post by Paradigm co-founder Matt Huang, said election-related markets on Kalshi traded 729 million dollars on November 3. That single-day figure is roughly three times the 244 million dollar peak recorded on November 5, 2024, the day of the US presidential election.

Kalshi’s election-related markets recorded $729 million in trading volume on November 3, according to KuCoin. The total was roughly three times the $244 million peak on November 5, 2024, the day of the US presidential election.

A larger single-day total

KuCoin attributed the figures to ChainThink and a November 5 post by Paradigm co-founder Matt Huang. The account was published on November 5, 2026, at 10:30 AM ET.

The comparison puts the November 3 activity well above the cited presidential election-day benchmark. Both figures measure trading volume for a single day, rather than cumulative activity across an election cycle.

What the figures establish

The supplied summary does not break down the $729 million by contract or identify the number of traders involved. It also provides no market prices, leaving the volume comparison separate from any assessment of election probabilities.

What it means for prediction markets

  • A higher activity benchmark: The reported $729 million day substantially exceeded the cited $244 million peak from November 5, 2024.
  • Volume is not a probability signal: The figures alone do not show which outcomes traders favored or how expectations changed.
  • Participation remains unclear: Without contract-level or trader-count data, the total does not establish how broadly the activity was distributed.
KalshiElectionsInfiniti MarketsInfiniti Signals

Sources & attribution

Published
  1. Source
    KuCoin
    Publisher
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    Source URL
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