Reports / January 2026
Monthly report
January 2026: $18.16B traded on prediction markets
Notional volume across 6 exchanges was $18.16B, +45% from December. Kalshi led with a 52.6% share. The busiest day was Sun Jan 25, 2026, at $854M.
Exchanges
Ranked by the month's volume.
| # | Exchange | Volume | Share | vs prior month |
|---|---|---|---|---|
| 1 | Kalshi | $9.55B | 52.6% | +45% |
| 2 | Polymarket | $7.69B | 42.3% | +45% |
| 3 | Crypto.com | $460M | 2.5% | +21% |
| 4 | Polymarket US | $282M | 1.6% | 3.3× |
| 5 | ForecastEx | $153M | 0.8% | −22% |
| 6 | Gemini | $20.5M | 0.1% | opened Dec 15 |
What traded
At exchanges that publish a split.
Sports, single-leg 77%Combos (parlays) 12%Non-sports 11%
Daily average: $586M over 31 days
Busiest days
- Sun Jan 25, 2026: $854M
- Sat Jan 17, 2026: $850M
- Sat Jan 31, 2026: $796M
- Sun Jan 11, 2026: $761M
- Sat Jan 10, 2026: $737M
January 2026: questions
How much volume did prediction markets trade in January 2026?
$18.16B in notional volume across 6 exchanges, up 45% from December. That is $586M a day on average.
Which prediction market had the most volume in January 2026?
Kalshi. The top three were Kalshi ($9.55B, 52.6%), Polymarket ($7.69B, 42.3%), Crypto.com ($460M, 2.5%).
How much prediction market volume was sports in January 2026?
89% at the exchanges that publish a split, including 12% in combos (parlays). Non-sports markets were 11%.
Notional volume: contracts traded × each contract's payout, from each exchange's own daily report. Download every day as CSV · Methods · All reports