Prediction Markets Surge to Record Weekly Transactions—A Resilience Long Predicted Amid Crypto Crash

Last week painted a striking contrast in the crypto market: while broader assets tumbled, prediction platforms experienced their most explosive week on record. The surge wasn’t entirely unexpected among market observers who had predicted this very divergence, as investors shifted focus toward alternative venues for positioning their market views. According to data aggregated by Dune, weekly transaction volumes across major prediction platforms climbed to historic peaks that shattered previous benchmarks.

Polymarket Dominates Transaction Surge

The leader in this anticipated boom was Polymarket, which commanded the market with 13.34 million weekly transactions—capturing more than half of all activity across the ecosystem. This performance represented not just volume, but a decisive market share advantage that industry analysts had predicted would emerge as prediction markets matured. Behind the scenes, Polymarket’s trading volume reached $2 billion, surging 18.4% week-on-week, demonstrating that transaction count growth was paired with substantial capital deployment.

Kalshi Maintains Strong Second Position

Kalshi secured the runner-up spot with 11.88 million transactions, reflecting sustained momentum across prediction platforms. The platform’s weekly trading volume hit $1.4 billion, marking an 8.5% increase compared to the prior week. This growth trajectory was particularly noteworthy given the broader market headwinds, validating predictions that prediction markets would serve as a hedge against traditional market volatility.

Opinion and the Broader Ecosystem

Opinion ranked third with 379,300 transactions, rounding out the top three. Together, these platforms generated a combined 26.39 million weekly transactions—an all-time record that underscored how prediction markets have evolved into a critical infrastructure for market participants seeking exposure without exposure to legacy exchange risks.

What This Surge Signals

The timing of this predicted surge—occurring precisely when crypto markets corrected sharply—reveals a fundamental insight: prediction markets attract capital precisely when broader market confidence wavers. Rather than diminishing, speculative activity concentrated within these platforms, suggesting that investors view prediction markets as a sophisticated mechanism for maintaining conviction during periods of uncertainty. This pattern has been anticipated by platform operators and was long predicted to become increasingly pronounced as the category matures and gains institutional recognition.