Reports / Q2 2026
Quarterly report
Q2 2026: $104.25B traded on prediction markets
Notional volume across 8 exchanges was $104.25B in the second quarter of 2026 (April to June), up 67% from Q1 2026 and 17.7 times the $5.89B of Q2 2025. Kalshi led with a 63.0% share. The busiest day was Thu Jun 25, 2026, at $2.55B.
Exchanges
Ranked by the quarter's volume. Share change is against Q1 2026.
| # | Exchange | Volume | Share | vs Q1 2026 | Share change |
|---|---|---|---|---|---|
| 1 | Kalshi | $65.72B | 63.0% | +99% | +10.0 pts |
| 2 | Polymarket | $26.79B | 25.7% | +2.4% | −16.3 pts |
| 3 | Polymarket US | $7.07B | 6.8% | 5.7× | +4.8 pts |
| 4 | Crypto.com | $2.38B | 2.3% | +58% | −0.1 pts |
| 5 | Robinhood | $2.09B | 2.0% | new | new |
| 6 | Gemini | $115M | 0.1% | +93% | 0.0 pts |
| 7 | ForecastEx | $83.1M | 0.1% | −68% | −0.3 pts |
| 8 | DraftKings | $14K | <0.1% | new | new |
By month
| Month | Volume | Daily average | Leader |
|---|---|---|---|
| April 2026 | $25.74B | $858M | Kalshi (57.5%) |
| May 2026 | $27.53B | $888M | Kalshi (65.1%) |
| June 2026 | $50.97B | $1.70B | Kalshi (64.7%) |
What traded
At exchanges that publish a split.
Busiest days
- Thu Jun 25, 2026: $2.55B
- Wed Jun 24, 2026: $2.46B
- Fri Jun 26, 2026: $2.34B
- Sat Jun 27, 2026: $2.31B
- Tue Jun 30, 2026: $2.31B
Q2 2026: questions
How much volume did prediction markets trade in Q2 2026?
$104.25B in notional volume across 8 exchanges, $1.15B a day, up 67% from Q1 2026.
Which prediction market had the most volume in Q2 2026?
Kalshi. The top three were Kalshi (63.0%), Polymarket (25.7%), Polymarket US (6.8%).
How fast is prediction market volume growing?
Q2 2026 volume was $104.25B, up 67% on the quarter and 17.7 times the $5.89B of Q2 2025. Growth includes exchanges that opened during the period.
What share of Q2 2026 prediction market volume was sports?
83% at the exchanges that publish a split, including 27% 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