Kalshi Volume Report: US Open Golf Is Biggest Market For The Week
Sports accounts for more than 85% of all trading volume at the prediction markets platform from June 9-15
Golf’s US Open was by far the single biggest market at Kalshi this past week, accounting for $70 million in trading volume and more than 30% of all trading.
Sports accounted for more than 85% of all trading for the week of June 9-15. Here’s a look at the top 20 markets by trading volume at Kalshi:
Tentpole sporting events with uncertain outcomes remain the biggest driver of volume at Kalshi. JJ Spaun won on a chaotic final day of the US Open in poor weather conditions.
Some other notes about the data:
Eight of the top ten markets were sports. Sports and non-sports markets each accounted for half of the top 20 markets.
Markets outside the top ten in trading volume only accounted for about 10% of trading.
Ten of the top 20 markets are also traded via Robinhood.
Major League Baseball single-game betting was the biggest market not traded on Robinhood.
If you include all NBA markets, they actually surpassed US Open trading, accounting for 31% of all volume. That includes single-game results, the NBA champion, Finals MVP and the exact series score.
What the Federal Reserve will do with interest rates and the price of bitcoin were the two most popular non-sports markets.
WNBA single-game betting appeared in the top ten for the first time.
Single-match betting for the FIFA Club World Cup appeared in the top 20. (KXCLUBWCGAME)
A rundown of other markets appearing in the top 20:
What will the Federal Reserve do with interest rates? (KXFEDDECISION)
S&P price today at x time (KXINXU)
Democratic NYC mayor nominee (KXMAYORNYCNOMD)
Bitcoin price and price range today at x time (KXBTCD, KXBTC)
NASDAQ price today at x time (KXNASDAQ100U)
Gas prices in the US in June (KXAAAGASM)
Inflation in June (KXCPIYOY)
What will Trump say during US Army 250th anniversary speech (KXTRUMPMENTION)
Fed funds rate (FED)