Election Highs Ease but Activity Remains for Prediction Markets Polymarket and Kalshi

Key Points

1. Polymarket's monthly trading volume remains above pre-election levels, with daily totals ranging between $20 million and $50 million, occasionally exceeding $70 million during major events.

2. Monthly active accounts on Polymarket surpassed 400,000 during the 2024 U.S. election, with daily active accounts typically ranging from 20,000 to 30,000.

3. Kalshi's daily trade volume rose during the 2024 U.S. election and has since maintained a consistent range, with occasional spikes, such as a 231% increase on June 22, 2025.

4. Both platforms cover a wide range of markets, including politics, sports, economics, and popular culture, with significant liquidity in political contracts.

5. As of August 2025, active markets on Kalshi include 'Fed decision in September' and 'Which party will win the House next year?', while Polymarket features contracts like 'LIV Golf Chicago Winner' and 'UFC Fight Night'.