Terminal
Infiniti Feed

October Was a $128 Billion Month

October was not a breakout month for prediction markets. It was a step change. Traders moved $128.0 billion in contracts across the tracked exchanges in October, up 63 percent from September on a like-for-like basis, according to DeFi Rate.

Kalshi did most of it. The exchange handled $95.5 billion over the Oct. 2 to Oct. 31 window, about 76 percent of all volume, and grew 55 percent against the prior 30 days. Polymarket US was second at $14.6 billion, up 62 percent, while Polymarket's international exchange added $5.1 billion.

The growth underneath matters more than the total. Underdog Exchange was the fastest-growing venue, up 161 percent, followed by DraftKings Predictions at 126 percent and Novig at 118 percent. Nine venues now share the board, and the challengers are growing faster than the leader.

The calendar shows why. An average Sunday traded $5.2 billion, more than double an average Monday at $2.4 billion, and the busiest day in the last 60 was Sunday, Oct. 25, at $7.14 billion. Sports took 68 percent of the dollars paid on single markets, with crypto next at 25 percent.

prediction marketsvolumeKalshiPolymarkettradingInfiniti MarketsInfiniti Signals

Sources & attribution

Published
  1. Source
    DeFi Ratedefirate.com
    Publisher
    https://defirate.com
    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 DeFi Rate”). 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