Papertrade records 1.46 trillion dollars in notional volume since its October debut.
The Block reported the Papertrade figure alongside record October prediction-market volumes in its Data and Insights newsletter. The prediction market to spot exchange volume ratio also hit a record 11.42 in October, up from 7.34 in September.
Papertrade has recorded 1.46 trillion dollars in notional volume since its October 10 launch, according to The Block. The figure was reported alongside record October volumes for prediction markets.
The Block included the data in its Data and Insights newsletter. The update, published Oct 31, 2026, at 12:30 PM ET, provides a snapshot of activity following Papertrade’s launch.
October’s volume records
The prediction market to spot exchange volume ratio reached a record 11.42 in October, up from 7.34 in September, according to The Block.
The figures describe different measures: Papertrade’s total is notional volume accumulated since launch, while the ratio compares prediction-market volume with spot exchange volume. The supplied summary does not provide the underlying volumes used to calculate that ratio.
What it means for prediction markets
- Relative activity increased: The move from 7.34 to 11.42 indicates higher prediction-market volume relative to spot exchange volume in October.
- Notional volume needs context: Papertrade’s 1.46 trillion dollars is a notional measure, not a stated amount of cash committed.
- The breakdown remains unavailable: Without the underlying volume figures, the summary does not establish Papertrade’s contribution to the broader October record.
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