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Sports market turnover drops 21 percent as Kalshi leads activity

DeFi Rate reports sports markets traded 419 million dollars in the last 24 hours as of November 4, 12:30 a.m. ET, down 21 percent from the prior 24 hours, with Kalshi at 220 million dollars, Polymarket US at 77 million dollars and Polymarket at 53 million dollars. The most-traded sports event was New Zealand vs India on Kalshi at 1.5 million dollars, with India priced as the favorite at 93 percent.

Sports prediction markets recorded 419 million dollars in trading over the last 24 hours as of November 4, 12:30 a.m. ET, according to DeFi Rate. That was down 21 percent from the prior 24 hours.

Platform volumes and the leading event

Kalshi accounted for 220 million dollars in volume. DeFi Rate put Polymarket US at 77 million dollars and Polymarket at 53 million dollars, listing the two separately.

The most-traded sports event was New Zealand vs India on Kalshi, which generated 1.5 million dollars in turnover. India was priced as the favorite at 93 percent.

The figures provide a snapshot of activity at the stated cutoff. The supplied reporting does not identify what drove the decline or provide earlier prices for the leading event.

What it means for prediction markets

  • The 21 percent decline measures a change in trading volume, not a change in the probability of any sports outcome.
  • Kalshi’s 220 million dollars exceeded the reported volumes for Polymarket US and Polymarket individually.
  • India’s 93 percent price shows a strong market preference at the snapshot time; the available figures do not establish how that pricing changed over the reporting window.
KalshiPolymarketInfiniti 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.

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