Terminal
Infiniti Feed

Sports trading eclipses election activity on Kalshi during midterm window

Legal Sports Report, analysing TickerTracker data for the 10 days ending November 3, said Kalshi election trading totalled 1.1 billion dollars, just 3 percent of platform volume, while parlays processed 25.3 billion dollars and non-parlay sports contracts 6.1 billion dollars. On Polymarket US, sports and parlays accounted for 88 percent of trading over the same period, with politics generating 72.8 million dollars, or 1.3 percent of volume.

According to Legal Sports Report’s analysis of TickerTracker data, Kalshi processed 25.3 billion dollars in parlays during the 10 days ending November 3. That was nearly 23 dollars for every dollar traded on elections around the midterms.

Kalshi’s volume leans toward sports

Election trading on Kalshi totalled 1.1 billion dollars, representing just 3 percent of platform volume over the period, according to Legal Sports Report.

Non-parlay sports contracts generated another 6.1 billion dollars. The figures show that both parlays and non-parlay sports activity individually exceeded election trading, even during the window surrounding the midterms.

Polymarket US shows a similar concentration

On Polymarket US, sports and parlays together accounted for 88 percent of trading over the same 10-day period, according to Legal Sports Report.

Politics generated 72.8 million dollars on Polymarket US, equivalent to 1.3 percent of volume. The reported categories differ—elections for Kalshi and politics for Polymarket US—but both represented small shares of their respective platforms’ activity.

What it means for prediction markets

  • Platform volume is not a proxy for political trading. Sports-related activity dominated the reported figures, despite the period’s proximity to the midterms.
  • Contract categories matter. Kalshi’s 25.3 billion dollars in parlays substantially exceeded both its election volume and its non-parlay sports volume.
  • The window limits the conclusion. These figures describe the 10 days ending November 3, not either platform’s longer-term trading mix.
KalshiPolymarketElectionsInfiniti MarketsInfiniti Signals

Sources & attribution

Published
  1. Source
    Legal Sports Report
    Publisher
    The publisher did not list a web address.
    Source URL
    The feed did not publish this story's article address.

Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Legal Sports Report”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.

Related