Prediction Markets Hit Record $50.6 Billion in July Volume

TLDR Prediction markets combined for $50.6 billion in July trading volume, a new record. Kalshi led all platforms with $37.7 billion, about 74.5% of the total. Polymarket US volume jumped 54% to $5 billion in July. Open interest fell to $1.2 billion as World Cup contracts settled. New York sued Kalshi while a Minnesota judge [...]

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