Crypto Prediction Markets Hit $2.7B Weekly Volume Record
Crypto prediction markets on Kalshi and Polymarket reached a new weekly volume record of $2.7 billion, driven by short-term Bitcoin bets.
Crypto prediction markets on Kalshi and Polymarket reached a new weekly volume record of $2.7 billion, driven by short-term Bitcoin bets. Bitcoin (BTC) is trading at ₹76,58,611 ($80,586.00). This is an original Token Times brief synthesising 2 outlets (Blockonomi, Bitcoin.com), with their figures cross-checked, plus live market data, as of Sat, 24 Oct 2026 10:45:01 UTC.
This record highlights growing interest in crypto derivatives and prediction markets, suggesting increased institutional and retail participation in betting on short-term crypto price movements.
- Crypto prediction markets hit $2.7B in weekly volume, a new record.
- Most volume came from short-term Bitcoin price bets.
- Crypto ranked second to sports on both Kalshi and Polymarket.
- Polymarket's TVL rose 6.2% to $376.09M in the past week.
Blockonomi and Bitcoin.com both report that crypto prediction markets on Kalshi and Polymarket reached a record $2.7 billion in weekly notional volume, with most bets focused on short-term Bitcoin price movements. However, while both outlets highlight crypto's second-place ranking to sports on these platforms, only Blockonomi mentions Coinbase's event-contract product without providing further details. The outlets agree on the overall volume figure but differ slightly in the details provided about the market composition.
Crypto prediction markets have reached a new milestone, with Kalshi and Polymarket recording a combined weekly notional volume of $2.7 billion, according to multiple outlets. This record volume was primarily driven by short-term bets on the future price movements of 
Bitcoin and other cryptocurrencies.
The surge in volume indicates a growing interest in crypto derivatives and prediction markets, as investors seek to capitalize on short-term price volatility. Bloomberg reported that while crypto ranked second to sports on both platforms, the exact breakdown of volume by asset, venue, or contract type was not provided.
Polymarket, one of the leading platforms in this space, saw its total value locked (TVL) increase by 6.2% over the past week to $376.09 million, according to data from DeFiLlama. This suggests that the platform is attracting more users and capital, contributing to the overall growth in prediction market activity.
The broader crypto market context shows a mixed picture, with the total market cap at $2.76 trillion and Bitcoin trading at $80,563, down 1.19% in the last 24 hours. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
The record volume in crypto prediction markets underscores the increasing demand for sophisticated financial instruments in the crypto space. As these markets continue to grow, they could play a significant role in shaping crypto price dynamics and attracting more institutional participation.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from ₹76,56,424.90$80,563.00 to ₹76,58,610.74$80,586.00 — +0.03%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.26M (about $80,586.00), down 1.3% over 24 hours. The rupee itself trades about 7.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 24, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Crypto Prediction Markets Hit $2.7B Weekly Volume Record — questions & answers
What is the record weekly volume for crypto prediction markets?
The record weekly volume is $2.7 billion, according to Kalshi and Polymarket data.
What type of bets are driving the volume in crypto prediction markets?
Most bets are focused on short-term price movements of Bitcoin and other cryptocurrencies.
How much did Polymarket's TVL increase in the past week?
Polymarket's TVL increased by 6.2% to $376.09 million in the past week.
How much is 1 Bitcoin worth in rupee today?
About ₹8.26M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,586.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi, Bitcoin.com, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.