Reports / February 2026
Monthly report
February 2026: $19.14B traded on prediction markets
Notional volume across 6 exchanges was $19.14B, +5.4% from January. Kalshi led with a 54.5% share. The busiest day was Sun Feb 8, 2026, at $1.24B.
Exchanges
Ranked by the month's volume.
| # | Exchange | Volume | Share | vs prior month |
|---|---|---|---|---|
| 1 | Kalshi | $10.44B | 54.5% | +9.2% |
| 2 | Polymarket | $7.95B | 41.5% | +3.4% |
| 3 | Crypto.com | $404M | 2.1% | −12% |
| 4 | Polymarket US | $263M | 1.4% | −6.8% |
| 5 | ForecastEx | $63.4M | 0.3% | −59% |
| 6 | Gemini | $21.8M | 0.1% | +6.0% |
What traded
At exchanges that publish a split.
Sports, single-leg 71%Combos (parlays) 12%Non-sports 17%
Daily average: $684M over 28 days
Busiest days
- Sun Feb 8, 2026: $1.24B
- Sat Feb 28, 2026: $1.05B
- Sat Feb 21, 2026: $802M
- Sat Feb 7, 2026: $776M
- Thu Feb 26, 2026: $748M
February 2026: questions
How much volume did prediction markets trade in February 2026?
$19.14B in notional volume across 6 exchanges, up 5% from January. That is $684M a day on average.
Which prediction market had the most volume in February 2026?
Kalshi. The top three were Kalshi ($10.44B, 54.5%), Polymarket ($7.95B, 41.5%), Crypto.com ($404M, 2.1%).
How much prediction market volume was sports in February 2026?
83% at the exchanges that publish a split, including 12% in combos (parlays). Non-sports markets were 17%.
Notional volume: contracts traded × each contract's payout, from each exchange's own daily report. Download every day as CSV · Methods · All reports