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Prediction markets hit record $188B in Q3 as Kalshi sports trading dominates
- Prediction markets hit record $188B in Q3 as Kalshi sports trading dominates — Industry volume reached a record $188 billion in the third quarter, up nearly 70% from Q2 and 21 times the year-ago figure, with sports trading accounting for about 40% of Kalshi's Q3 volume. Galaxy Research analysis cited in the report found 69.2% of Polymarket's 2.9 million retail accounts finished below break-even, losing a combined $338.9 million since 2020. (Zubiqo)
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