Trading volumes for Kalshi and Polymarket declined 14.5% month-over-month in August, marking their first drop in over a year.
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Kalshi, Polymarket, and Polymarket U.S. combined recorded total trading volume of $45.33 billion in August, a 14.5% month-over-month decline, marking the first monthly drop since August 2025. Kalshi’s August volume stood at $37.17 billion, down 7.3% from July’s $40.1 billion; Polymarket and its U.S. platform together notched $8.16 billion in August, a 36.7% decrease from July’s $12.89 billion. Despite the overall pullback, August’s trading volume remained notably higher than May’s $25.66 billion. Earlier forecasts had predicted that prediction market trading volumes would get a lift from the World Cup this summer, with the tournament running from June 11 to July 19, which spurred a clear rise in market activity. Meanwhile, Kalshi and Polymarket are now facing additional scrutiny from U.S. state regulators; more than a dozen states have taken enforcement actions or filed lawsuits against the two platforms, with disputes focusing mainly on sports-related contracts.
Sources: South Korea's Foreign Exchange Stabilization Fund has purchased approximately $20 billion in funds.
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