Big news for crypto prediction markets 🔥 Weekly notional volume on crypto cont… · @0xzxcom · TwKit

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Big news for crypto prediction markets 🔥 Weekly notional volume on crypto contracts across Kalshi and Polymarket just hit an all-time high of $2.7B, per Dune user data cited by Bloomberg. Almost all of this surge is being driven by short-term Bitcoin price bets. Crypto is now the second most traded category on both platforms, only behind sports 📈 This lines up with what we’re seeing: traditional spot volumes are cooling, and major exchanges like Coinbase (which runs its prediction product via Kalshi) are starting to push into this space. The catch ⚠️: ongoing legal challenges against sports prediction contracts in multiple US states could slow down this expansion for crypto firms. Wild to see prediction markets blowing up even when BTC is rangebound. Who’s been betting here, and what do you think about this regulatory overhang? 🤔

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