Kalshi leads October activity as election markets enter November
CryptoBriefing reports Kalshi carried about 2.05 billion dollars in open interest in October against about 384 million dollars at Polymarket US, with record sector open interest heading into the midterm elections.
Kalshi recorded about 65 billion dollars in October trading volume, roughly 10 percent above September, according to CryptoBriefing. Polymarket US registered about 10 billion dollars in volume over the same month.
The figures put Kalshi ahead of Polymarket US in monthly trading activity. The reported comparison is specifically with Polymarket US, rather than a broader measure of Polymarket activity.
Open interest ahead of the midterms
Kalshi also carried about 2.05 billion dollars in open interest in October, according to CryptoBriefing. That compared with about 384 million dollars at Polymarket US.
CryptoBriefing reported record open interest across the sector heading into the midterm elections. Its figures show Kalshi leading the two platforms on both reported measures: October volume and open interest.
What it means for prediction markets
- Kalshi’s roughly 10 percent increase from September establishes a higher monthly volume benchmark as attention turns to the midterm elections.
- The open-interest comparison provides a separate measure of platform activity from trading volume, with Kalshi ahead on both.
- Record sector open interest is the key election-period backdrop, but the supplied figures do not identify which individual markets account for that total.
Sources & attribution
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