Kalshi gold contracts overtook Ether in September

Gold moves ahead of Ether

Gold contracts on Kalshi overtook Ether contracts in September, according to CoinCentral. The reported totals were 542M for gold and 318M for Ether, putting gold ahead in that comparison.

Bitcoin nevertheless remained dominant, according to the same report, which cited a figure of approximately $60.4M. The available summary does not specify the units for the gold and Ether totals, so those figures cannot be compared directly with Bitcoin’s dollar-denominated figure.

Commodities reach $400M

Kalshi’s commodities activity reached $400M over seven months, according to CoinCentral. That provides a broader backdrop to gold’s September lead over Ether, though the summary does not break down the commodities total.

The report was published on Oct 13, 2026, at 2:24 AM ET. With the source page text unavailable, the supplied summary establishes the reported ranking but does not provide enough detail to assess the contracts, measurement methods or distribution of activity.

What it means for prediction markets

• Gold’s lead is a category signal: The September comparison places gold ahead of Ether on the reported measure, not necessarily ahead of cryptocurrency markets overall.
• Units matter: The 542M and 318M totals should not be ranked against Bitcoin’s approximately $60.4M without clarification of what each measures.
• Activity is not a directional forecast: The reported figures do not establish whether traders expected gold, Ether or Bitcoin prices to rise or fall.