Another week, another batch of numbers proving that prediction markets are basically crypto… but with fewer dog memes and slightly more math.
Here’s what the latest market data tells us, besides the fact that people will bet on anything.
Transactions: Kalshi Wins the Volume Battle (Again)
Kalshi continues to operate like the Costco of prediction markets, high volume, low drama:
- Kalshi: $4.69M
- Polymarket: $4.18M
- Limitless: $0.31M
- MyriadMarkets: $0.25M
- Opinion Labs: $0.22M
Total: $9.66M
WoW Growth: +3.5%
Translation: Everyone kept betting, just slightly more aggressively than last week. Progress!
Open Interest: Kalshi + Polymarket = The Two-Headed Monster
If you’re wondering where the “serious” money is sitting, it’s basically on two platforms:
- Kalshi: $299M
- Polymarket: $250M
- Opinion Labs: $63M
- Limitless: $0.95M
- MyriadMarkets: $0.819M
Total: $614M
WoW Growth: +11%
Investors are locking in positions like they know something the rest of us don’t. (They don’t. But still.)
Notional Volume: Opinion Labs Absolutely Nukes Everyone
If this category were a sporting event, Opinion Labs just won 63–3.
- Opinion Labs: $1.46B
- Kalshi: $1.2B
- Polymarket: $0.952B
- Limitless: $14M
- MyriadMarkets: $11M
Total: $3.66B
WoW Growth: +23%
The notional markets are booming. Apparently, everyone is suddenly an economist, pollster, political analyst, and amateur quant.
Users: Polymarket Owns the Crowd
Despite not topping transactions or notional, Polymarket still has the most warm bodies clicking buttons:
- Polymarket: 222K
- Opinion Labs: 37K
- Limitless: 9.2K
- MyriadMarkets: 2.4K
Total: 271K
WoW Growth: -1%
Slight dip in users, probably because everyone is too busy doomscrolling the news to actually trade the news.
Bottom Line:
- Kalshi = strongest consistent trader base
- Opinion Labs = heavyweight champion of notional volume
- Polymarket = still the biggest community
- Limitless + Myriad = the indie bands of prediction markets; loyal fans, tiny venues
Prediction markets continue growing, maturing, and very occasionally, behaving like real financial infrastructure.
Stay tuned as the sector keeps leveling up… or melting down. Either way, Cleatz will be here to talk about it.
