Reports / Q1 2026
Quarterly report
Q1 2026: $62.29B traded on prediction markets
Notional volume across 6 exchanges was $62.29B in the first quarter of 2026 (January to March), up 95% from Q4 2025 and 9.6 times the $6.47B of Q1 2025. Kalshi led with a 53.1% share. The busiest day was Sun Feb 8, 2026, at $1.24B.
Exchanges
Ranked by the quarter's volume. Share change is against Q4 2025.
| # | Exchange | Volume | Share | vs Q4 2025 | Share change |
|---|---|---|---|---|---|
| 1 | Kalshi | $33.06B | 53.1% | +97% | +0.4 pts |
| 2 | Polymarket | $26.16B | 42.0% | +90% | −1.2 pts |
| 3 | Crypto.com | $1.50B | 2.4% | +57% | −0.6 pts |
| 4 | Polymarket US | $1.25B | 2.0% | opened Oct 28 | new |
| 5 | ForecastEx | $258M | 0.4% | −10% | −0.5 pts |
| 6 | Gemini | $59.7M | 0.1% | opened Dec 15 | new |
By month
| Month | Volume | Daily average | Leader |
|---|---|---|---|
| January 2026 | $18.16B | $586M | Kalshi (52.6%) |
| February 2026 | $19.14B | $684M | Kalshi (54.5%) |
| March 2026 | $24.99B | $806M | Kalshi (52.3%) |
What traded
At exchanges that publish a split.
Busiest days
- Sun Feb 8, 2026: $1.24B
- Thu Mar 19, 2026: $1.06B
- Sat Feb 28, 2026: $1.05B
- Sat Mar 21, 2026: $1.02B
- Fri Mar 20, 2026: $1.02B
Q1 2026: questions
How much volume did prediction markets trade in Q1 2026?
$62.29B in notional volume across 6 exchanges, $692M a day, up 95% from Q4 2025.
Which prediction market had the most volume in Q1 2026?
Kalshi. The top three were Kalshi (53.1%), Polymarket (42.0%), Crypto.com (2.4%).
How fast is prediction market volume growing?
Q1 2026 volume was $62.29B, up 95% on the quarter and 9.6 times the $6.47B of Q1 2025. Growth includes exchanges that opened during the period.
What share of Q1 2026 prediction market volume was sports?
86% at the exchanges that publish a split, including 14% in combos (parlays). Non-sports markets were 14%.
Notional volume: contracts traded × each contract's payout, from each exchange's own daily report. Download every day as CSV · Methods · All reports