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Underdog reaches seventh place as prediction trading volume rises 121 percent

Volume Race compiles daily totals from the exchanges' own reports and ranks Underdog seventh over the last 30 days with a 1.6 percent share. Kalshi leads the standings at 102 billion dollars over the same window.

Underdog Exchange recorded $2.11 billion in prediction-market trading volume over the last 30 days, a 121 percent increase, according to Volume Race. That puts the exchange seventh in the rankings.

Underdog’s share reaches 1.6 percent

Volume Race assigns Underdog a 1.6 percent share for the same period. The figures show substantial growth in reported activity, while its share remains a small portion of the total.

Kalshi leads the standings with $102 billion in volume over the same 30-day window, according to Volume Race, leaving a wide gap between the leader and Underdog.

Rankings draw on exchange reports

Volume Race constructs its rankings by compiling daily totals reported by the exchanges themselves. The update was published on Nov 6, 2026, at 3:15 PM ET.

What it means for prediction markets

  • Underdog’s 121 percent volume increase and seventh-place ranking make it a venue to track when assessing shifts in exchange activity.
  • Its 1.6 percent share, alongside Kalshi’s $102 billion total, distinguishes rapid growth from overall market scale.
  • These standings measure reported trading volume; they do not establish the liquidity or pricing quality of individual prediction contracts.
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