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Kalshi dominates nine-venue tally as contract face value reaches $133.8 billion

DeFi Rate counted 133.8 billion dollars in contracts traded at face value across nine venues in the last 30 days, with 31.3 billion dollars actually paid and 4.6 billion dollars traded in the last 24 hours. Kalshi handled 101.4 billion dollars for a 75.7 percent share, ahead of Polymarket US at 15.3 billion dollars.

Prediction markets recorded $133.8 billion in contracts traded at face value across nine venues over the last 30 days, according to DeFi Rate. The tally places Kalshi well ahead of the other venues covered.

Face value versus money paid

DeFi Rate counted $31.3 billion actually paid over that period, alongside the $133.8 billion face-value total. The distinction matters when assessing market activity: the headline contract figure is not the same measure as the amount paid.

The summary published Nov 6, 2026, at 11:45 AM ET also put trading in the last 24 hours at $4.6 billion. It did not provide a comparable earlier period for assessing whether daily activity was accelerating or slowing.

Kalshi leads the reported venues

Kalshi accounted for $101.4 billion in contract face value, giving it a 75.7 percent share of the nine-venue total, according to DeFi Rate.

Polymarket US followed at $15.3 billion. The supplied figures show a substantial gap between the two venues, but do not break out individual totals for the remaining seven.

What it means for prediction markets

  • Measurement matters: The $133.8 billion face-value tally and $31.3 billion actually paid describe different aspects of activity and should not be treated as interchangeable.
  • Activity is concentrated: Kalshi’s 75.7 percent share makes it the dominant venue within DeFi Rate’s nine-venue sample.
  • Trend conclusions are limited: The $4.6 billion daily figure offers a recent snapshot, but the supplied data do not establish a growth rate.
KalshiPolymarketInfiniti MarketsInfiniti Signals

Sources & attribution

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    DeFi Ratedefirate.com
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