Polymarket Extends Political Trading Lead Ahead of US Midterms
Polymarket recorded $396 million in political-market volume during early November as US midterm trading expanded its lead over Kalshi.
Polymarket recorded $396 million in political-market volume during early November as US midterm trading expanded its lead over Kalshi. This is an original Token Times brief synthesising 2 outlets (Crypto Economy, Cryptopolitan), plus live market data, as of Tue, 10 Nov 2026 16:30:01 UTC.
The figures show where prediction-market activity is concentrating as election-related demand rises. They also distinguish trading momentum from the platform’s underlying locked value, which has declined over the past week.
- Polymarket political markets recorded $396 million in weekly volume.
- Political trading rose 34.2% week over week during midterm activity.
- Political contracts made up 12% of Polymarket activity.
- Verified TVL stands at $308.59 million, down 15.2% over seven days.
Crypto Economy and Cryptopolitan agree that Polymarket remains the leading venue for political prediction trading and that its activity expanded rapidly during the past week amid US midterm election trading. Crypto Economy supplies the specific figures: $396 million in political-market volume for the first week of November, a 34.2% week-over-week increase, and political contracts representing about 12% of Polymarket’s volume. Cryptopolitan provides a broader description of Polymarket’s continued leadership without publishing separate numbers, while Crypto Economy contrasts it with Kalshi, where political markets represented roughly 1.5% of activity; no outlet contradicts the other’s core account.
Polymarket’s political prediction markets generated $396 million in weekly volume during the first week of November, according to Crypto Economy. That represented a 34.2% increase from the preceding week as trading activity around the US midterms accelerated. Political contracts accounted for approximately 12% of the platform’s overall volume during the period.
Cryptopolitan also described Polymarket as the leading venue for political predictions, citing rapid expansion over the past week linked to US midterm election trading. Its account corroborates the direction and competitive significance of the figures reported by Crypto Economy, although it does not provide an independent volume total or percentage breakdown.
The comparison with Kalshi was uneven across the two platforms. Crypto Economy reported that political markets accounted for roughly 1.5% of Kalshi’s activity, with sports remaining its dominant category. By contrast, politics supplied about 12% of Polymarket’s volume, reinforcing the outlet’s assessment that Polymarket retained a substantial advantage in election-related trading.
DeFiLlama’s live data put Polymarket’s total value locked at $308.59 million, down 15.2% over seven days. This separates the platform’s recent trading momentum from its stock of value deposited in markets, which has moved lower even as political-market volume increased.
The wider crypto market was comparatively subdued: total market capitalization stood at $2.55 trillion with an overall flat reading, while 
Bitcoin was down 0.20% over 24 hours. The Fear & Greed index remained at 32, placing it in the “Fear” zone. The immediate area to monitor is whether political volume continues expanding and whether Kalshi’s political share moves closer to Polymarket’s, while Polymarket’s seven-day TVL trend provides context for platform activity beyond trading turnover.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 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.
Polymarket Extends Political Trading Lead Ahead of US Midter — questions & answers
How much political trading volume did Polymarket generate?
Polymarket political markets generated $396 million during the first week of November, according to Crypto Economy. That was 34.2% higher week over week.
How did politics compare with other Polymarket markets?
Political contracts represented about 12% of Polymarket’s volume, according to Crypto Economy. The outlet did not identify the categories making up the remainder.
How did Kalshi’s political activity compare?
Political markets accounted for roughly 1.5% of Kalshi’s activity, while sports remained its largest category, according to Crypto Economy.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Cryptopolitan, 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.